Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
Investing

Rich Checkan: US$3,800 Gold a Minimum This Cycle, US$90 Silver “Very Doable”

by admin November 27, 2024
November 27, 2024
Rich Checkan: US$3,800 Gold a Minimum This Cycle, US$90 Silver “Very Doable”

He sees the yellow metal reaching US$3,800 to US$5,700 per ounce during this cycle.

“Post-election we had a selloff, which I think was wonderful and needed and healthy. These are buying opportunities, this is not the end of the bull market — not even close. None of the factors suggesting that are firing right now,” he said.

Looking at silver, he said the charts show a 45 year cup-and-handle formation, which is highly bullish.

‘We’ve now broken out of that long cup and handle. I’m not a technician, (but) friends who are suggest that given the boundaries of that cup and handle we’re looking at about US$90 (per ounce) for silver,’ he said.

“I think that is very doable, but it’s probably going to be mostly late stage.’

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
First Helium Confirms Plans for Sequential Drilling of Two Oil Targets – Proven UndevelopedOil Location and Large Leduc Anomaly
next post
Anglo American to Sell Steelmaking Coal Portfolio to Peabody for US$3.78 Billion

You may also like

PEP-11 Update

September 18, 2024

High Grade Rock Chip Assays Confirm New Gold...

November 9, 2024

High-Grade Gold & Copper Assays at Thorpe Prospect

November 28, 2024

Nuclear Fuels Acquires TenSleep Uranium Project with Athabasca...

March 3, 2025

Indigenous-owned Mining Royalty Firm Targeting Canadian Resource Opportunities

November 20, 2024

Trading of Shares from Convertible Notes

June 3, 2024

Grande Portage Resources Files on SEDAR+ the Mineral...

July 23, 2024

Red Metal Resources Plans Hydrogen Exploration Program Contiguous...

October 17, 2024

Los Andes Copper Announces Corporate Update

August 29, 2024

E-Power Resources Inc. Announces Closing of Oversubscribed Hard...

June 21, 2025

    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.

    Popular

    • 1

      Tartana Drilling to Verify Upgrading of 45,000 Tonne Copper Resource

    • 2

      Magic mushrooms effective for treating depression – study

    • 3

      Lancaster Resources Welcomes Three Highly Experienced Industry Experts to Its Advisory Board

    • 4

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China

    • 5

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    Categories

    • Business (1,217)
    • Investing (3,046)
    • Science (605)
    • World (3,677)
    Footer Logo

    Disclaimer: dailywashingtoninsider.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 © 2024 dailywashingtoninsider.com | All Rights Reserved