With gold once again seeing some traction on the upside, the yellow metal could be setting up for a late-December rally, said Sprott.
“During the last four years, as soon as we got to mid-December and the tax loss selling, the December FOMC meeting was behind us, we had rallies in late December and into January. Looks like we are setting up for that again,” TF Metals Report’s Craig Hemke said during Sprott’s weekly wrap-up segment with Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Altus Stratgies 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.