$3800 GOLD Soon! Your Gold & Silver Stack Is About to Become Very Priceless – Lobo Tiggre

$3800 GOLD Soon! Your Gold & Silver Stack Is About to Become Very Priceless – Lobo Tiggre

$3800 GOLD Soon! Your Gold & Silver Stack Is About to Become Very Priceless – Lobo Tiggre

Gold prices soared to a record high of 2,675.70 dollars per ounce in midday US trading on Tuesday, driven by safe-haven demand amidst ongoing global uncertainties. This surge marks a significant milestone, further consolidating gold’s status as a preferred asset during turbulent times. Silver also experienced a robust rally, reaching a nine-week high, as investors flocked to precious metals.
According to Lobo Tiggre of The Independent Speculator, there is little concern regarding a potential price correction. Tiggre highlights the historical context of gold’s performance, noting that to reach the inflation-adjusted peak from 1980, prices would need to hit approximately 3,800 dollars per ounce. This indicates that current levels, while impressive, remain well below that historical benchmark.
During the Asian trading hours, gold prices fluctuated, peaking at 2,639.99 dollars per troy ounce before continuing their upward trajectory after Wall Street’s opening. The lack of significant macroeconomic releases left financial markets without a clear directional catalyst, yet the prevailing weakness of the US dollar supported gold’s bullish momentum. Gains extended beyond the 2,640 dollars mark during the American trading session, particularly following the release of disappointing US economic data, which further fueled demand for the safe-haven asset.
Additionally, the World Gold Council reported modest net inflows of 3 metric tons into global physically-backed gold ETFs last week, reflecting growing investor interest.
Tiggre identifies several critical factors contributing to the rise in gold prices, including ongoing global conflicts that maintain geopolitical tensions. There has been a shift in the Federal Reserve’s monetary policy favoring gold and significant purchases from central banks, particularly in the Global South. This increasing demand from central banks represents a persistent buyer in the gold market, further bolstering prices.
Gold miners have struggled over the past decade to increase their returns in line with soaring gold prices, but analysts at UBS suggest that this trend may soon be reversing. According to Daniel Major and his team at UBS, gold mining stocks have begun to improve their historic underperformance relative to gold prices in 2024. This comes as gold prices have surged to around 2,600 dollars per ounce this year.
Despite the recent uptick, mining companies listed on the VanEck Gold Miners ETF have lagged behind gold, underperforming by 30% since the COVID-19 pandemic began. This period has seen gold prices nearly double, yet the returns for gold miners have not reflected this increase, leading to concerns among investors about the viability of mining stocks.
In light of this situation, investment expert Lobo Tiggre expresses a more optimistic outlook for gold stocks. He believes that major mining companies are starting to demonstrate better-than-expected performance, along with widening profit margins, which could bode well for the entire sector. Tiggre’s insights suggest that if this positive trend continues, gold stocks may finally begin to catch up with the rising gold prices, offering a more attractive investment opportunity.

Follow on X: https://twitter.com/MoneySense_Off

“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #lobotiggre