PAAS - Gold Really Is In A 'Goldilocks' Zone
2024-04-11 15:20:47 ET
Summary
- Gold mining stocks, including Barrick Gold, Agnico Eagle Mines, and Kinross Gold, have experienced significant increases since my latest gold article on February 29th.
- I remain optimistic about the outlook for gold and silver miners due to persistent inflation and the Fed's shift towards a more accommodative monetary policy.
- The gold-to-silver ratio suggests there is more upside ahead for both metals, with a year-end target of $2,550 for gold and $35 for silver.
Several weeks ago, I penned my latest gold article expressing how cheap several of the top gold mining stocks were. The three stocks I discussed were my top gold-related portfolio holdings: Barrick Gold Corporation ( GOLD ), Agnico Eagle Mines Limited ( AEM ), and Kinross Gold Corporation ( KGC ). My other significant non-ETF or physical gold/silver-related stock is Pan American Silver Corp. ( PAAS )....
Gold Really Is In A 'Goldilocks' Zone