American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Jeff Clark: Bottom is in for Juniors After Worst Year for Sentiment

by admin February 1, 2024
February 1, 2024
Jeff Clark: Bottom is in for Juniors After Worst Year for Sentiment

Jeff Clark of TheGoldAdvisor.com and Paydirt Prospector shared his outlook for the junior sector in 2024, saying that a turnaround could be coming after what was perhaps the worst year ever in terms of sentiment.

Looking at what could spark a turnaround, Clark said gold will need to make a decisive and sustainable price breakthrough. By that he means the yellow metal needs to make it at least to the US$2,100 to US$2,200 per ounce range.

‘I do think it’s going to break through and go to US$2,100, US$2,200, US$2,300 — somewhere in that range, maybe US$2,500. We’re going to see new sustainable all-time highs in gold — that’s the call I’m willing to make in 2024,’ he said.

Clark sees forthcoming interest rate cuts from the US Federal Reserve as a short-term catalyst for gold.

‘Gold likes easing, and that’s the cycle that we’re going into as far as the Fed is concerned. So in the short term that’s our catalyst,’ he explained during the conversation. ‘I think that’s going to have implications, and I think it could be exciting. And of course, that’s just a short-term thing — who knows what else could come on the heels of that.’

Gold stocks also fare well in during easing periods, and Clark mentioned Emperor Metals (CSE:AUOZ,OTCQB:EMAUF) as a gold-focused pick. Outside of gold, he pointed to Argentina Lithium & Energy (TSXV:LIT,OTCQX:LILIF).

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Quimbaya Gold Inc. Increases land position at Maitamac project, Colombia
next post
Agriculture Market Forecast: Top Trends That Will Affect Potash and Phosphate in 2024

Related Posts

Falco Announces Resignation of Board Member

June 29, 2024

Here’s why the Bovespa Index and Brazilian real...

December 18, 2024

RYLD yields 12%, IWM 1.1%: which is the...

October 20, 2024

Ripple XRP and Stellar XLM price forecasts: more...

December 1, 2024

Costco stock price chart patterns point to a...

January 9, 2025

BNB price prediction ahead of the Lorentz hard...

April 13, 2025

Jindalee Lithium Limited (ASX: JLL) – Reinstatement to...

July 4, 2024

Top reasons why the Hang Seng Index may...

April 16, 2025

VTI vs VOO: Which is the best ETF...

October 18, 2024

West High YieldResources Ltd. Announces Final Closing of...

May 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,012)
    • Investing (2,455)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved