GLENCORE PLC DL -_01
Commented by Mario Hose on May 4th, 2020 | 05:50 CEST
Desert Gold Ventures, Glencore, Kinross - now is the right time!
Last week, the stock markets in Europe and North America continued their recovery from the lows of March 2020. However, as the week drew to a close, declines were recorded again, due to the tone of the West's tightening stance towards the Chinese leadership in connection with the health and economic consequences of the Corona Crisis. According to media reports, the five secret services of Australia, Canada, New Zealand, the USA and the UK found out that the political leadership in Beijing covered up the deadly danger of the Corona Virus at the beginning of its spread. This accusation holds a lot of potential for further market uncertainties and gold is likely to gain further importance as a safe haven. The Bank of America recently called a potential of up to USD 3,000.00 per troy ounce in 2021. Since we have learned that the price of WTI futures can be negative, price targets of this range for gold are no longer utopian - perhaps the potential is even greater.
Read