The Ultimate Gold Forecast For 2020!

The Ultimate Gold Forecast for 2020! This video is from the VRIC 2020 conference hosted by Cambridge House.

In it, Daniela Cambone (Kitco News), Frank Holmes (US Global), Rick Rule (Sprott US), Grant Williams (Vulpes Investment Management) and Peter Schiff (Euro Pacific) sit down to discuss their outlook and predictions on gold and gold stocks.

The panel starts off with the first question: How confidant is everyone that the current gold market bull run will continue into 2020?
Frank Holmes: Short term predicts a seasonal correction +- 20% volatility adding $300 by the end of the year.

Rick Rule: The gold market surprises to the upside and surprises to the downside. Gold trades inversely to US 10 year treasuries and gold is doing very well. Perhaps $2000 to $3000 in the future.

Grant Williams: Major year long bull runs along with corrections. Gold is an emotional asset. Precious metals are now being owned by investors instead of speculators.

Peter Schiff: Highly improbable that gold will decline. Support is built around $1550. Expects gold to go much higher than $2000 if Bernie Sanders is elected. The world prefers gold to dollars and people are becoming more skeptical of holding dollars.

The US Stock Market is booming, how long do the panelists think it can last?

Holmes: Switzerland, Japan are buying public companies and stocks, not gold. Less IPOs, and less public companies including massive buybacks.

Rule: Lot of confidence and liquidity. Debt capital at an all time low. Expects equities to keep going up. People are buying stocks for income.

Schiff: Believes the market is in a massive bubble. You don't know when the dip is the bear market. Position yourself for when the music stops. We haven't seen a market this overvalued since the dot.com bubbles. The private equity bubble has already popped and this is a great indication of the rest of the market bubble popping. Nearing the top of this bubble.

More IPOs in 2019 on the Nasdaq that lost money than ever before. More publicly traded companies than ever before are losing money but the stocks are going up!

If the democrats win the election, the stock market will tank, because of massive tax increases, new wealth taxes. Based on how unpopular capitalism has become "lets make America Socialist" will propel the democrats.

Williams: Rally began on "not QE4" - narrative around FED is confusing. The press and the narrative are becoming the make or break on companies. The tearing of the societal fabric is happening all around the world. Riots are happening in Chile, Iran, Iraq, Hong Kong because of inflation or the end of subsidies. The world is on the precipice of mass chaos.

Investors are shifting into the gold space, and now is the time to park your money into ETFs, then invest in the junior mining gold stocks is going to be a smart play.

Holmes believes that is Bloomberg wins, the stock market can keep rising.
Gold sales have surged, but the US Mint has seen its worst year on record. The gold is running because of the futures market, triple bull and triple bear are 50% of the money ( leveraged futures and indexed) - which creates different volatility. Real money isn't entering the market. More leverage is being used.

Schiff - The biggest gold buyers in the US are republicans. They are buying the stock market instead of gold. Gold is up 50% but US stocks are up 70% so Americans don't see the bull market because of how well the stock market is doing. Gold is doing better under Trump than it ever did under Obama.

Rule: Inflows into physical products at $10 million per week. Institutional, Retail, Government interest in gold is high. The physical ETF is now a vehicle for volatility. Financial advisors are becoming more apt to taking on gold investments for clients. Raymond James, Merrel Lych, Credit Suisse. Believes the gold market is incredibly healthy and can keep going. The junior mining industry is over capitalized. Companies that deserve to get financed are getting it.

Gold prices are doing great but are not reflected on the mining front.

Holmes: More disciple in the capital markets will start buying the mid cap mining stocks. The global gross margins are 20% and returns on investor capital are sitting near 15%.

The disconnect between gold and gold stocks is because of the under performance of the gold mining stocks. Gold mining companies should make money and can prove they aren't going to destroy capital. Good management will have a proven track record in order to get more investor money to more forward with mining projects. Junior exploration companies and flow through is at an all time low. .

If you liked this video watch some of our videos from the VRIC 2020 here:

Fireside Chat with Ross Beaty & Marin Katusa
https://youtu.be/jiV1oBE6-sU

Why Liberty Gold Stock Is A Must Own Investment For 2020
https://youtu.be/an0r6tAPKis

Peter Schiff VS Brent Johnson: The Future Of The US Dollar
https://youtu.be/hT32GoZNCaw

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