From all the precious and base metals, gold has the most to gain if equities see further losses, said Bloomberg Intelligence, this is not ruling out the $1,400 an ounce level for gold.
“Gold has the most upside if equities continue to decline, particularly if U.S. stocks give back more vs. the world. In this scenario, the dollar should decline and metals and broad commodities would benefit. Gold’s appreciation potential remains disconcerting, given the macroeconomic implications as the market becomes increasingly coiled,” BI’s senior commodity strategist Mike McGlone wrote in the firm’s outlook for November.
Altus Strategies is a London (LON: ALS) and Toronto (TSX-V: ALTS) listed, diversified and Africa focused mineral exploration project generator. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects and royalties, diversified by commodity and by country. Altus currently has eighteen projects in six commodities across six countries. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.