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Gold Price Rise Just Getting Started As Mining Sector M&A Heats Up | Jeff Clark
LEARN JEFF CLARK'S LATEST MINING STOCK PICKS at https://wealthion.com/gdxjeff/
The price of gold hit an intra-day record high of $2,078.80/oz two weeks ago.
Though the price has since retreated to $1,925/oz, GoldSilver.com's precious metals analyst Jeff Clark says that's just a healthy retracement and that he expects new record highs ahead.
One reason for that is because M&A activity is finally heating back up in the gold mining sector. After many years of underinvestment, the sector is now starved of available supply right as demand is rising.
It takes a long time for the "major" mining companies to bring new mines into production, so it's much faster for them to simply purchase smaller players with proven projects already underway.
And even non-mining companies are getting into the action, as evidenced by the recent surprise purchase of Hycroft Mining by meme stock darling AMC Theaters.
Want to know which mining stocks Jeff Clark favors most? Watch https://wealthion.com/gdxjeff/
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#gold #amc #hycroft
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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