Gold may go back above $2,000 as early as Q1 2021

Gold has done very well this year. It was on an absolute tear earlier, having surpassed all time highs in the summer. While it has pulled back some, there are very good reasons Gold continues to be an attractive investment. Gold miners are one of the best ways to be exposed to this precious metal. With Gold trading at $1,840 as of this article, some fund managers are very bullish on Gold.

Numerous factors are impacting the direction of Gold and commodities in general. We discussed the potential impact of monetary easing, and how it is incredibly bullish for gold.

Bill Baruch of Blue Line Futures agrees with this sentiment i.e. the Fed will remain accomodative.

Jeffery Christian of the CPM Group estimates Gold will get back above $2,000 as early as Q1 2021!

Brian Madden of Goodreid Investment Management is also bullish on Gold.

The TSX and TSXV host approximately 47% of the world’s publicly listed mining companies. The TSXV alone has almost 1000 companies listed under the mining category, with over 60% having categorized themselves as having Gold in their property.

With an abundance of options, it can be challenging to find a stock that does not drop, let alone a stock with the potentially to increase north 300%. The way to approach this is by finding a company that is early enough, but has one of the single most important factor on their side: geology. Having done our due diligence, we remain bullish on Tocvan Ventures (CSE:TOC) with it’s Pilar property. Pilar is a low sulphide epithermal deposit, being adjacent to similar mines that have fast tracked to production, and for thos interested in the technical aspects of this property and the geology, our report is a great place to look. This stock is worth over $1.53, and it currently trades at only 41.5 cents.

For those who missed our report, you can read it below: