The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Mike Larson: Bullish on Gold into 2024, Patient Investors Will be Rewarded

by September 19, 2023
September 19, 2023
Mike Larson: Bullish on Gold into 2024, Patient Investors Will be Rewarded

The gold price has pulled back from the high levels seen earlier this year, but Mike Larson, editor-in-chief at MoneyShow, said he’s positive on the yellow metal’s outlook heading toward the end of 2023 and into 2024.

‘I think if we’re at the end of the (US Federal Reserve’s) hiking cycle, which I believe that we are, and if there is potential for the Fed to start reversing some of those hikes next year, which I think there is, it is a more bullish environment for gold,’ he said.

‘If you remove those governors on the system, those things that were holding (gold) back … then you’ve got a much more positive finish to this year. And again, rolling into 2024 it’s one of those asset classes I’m pretty optimistic about.’

Larson was speaking at MoneyShow’s recent event in Toronto, and he also discussed sentiment at the show.

‘If I was to describe the environment … it’s cautious optimism. Generally speaking, people are not bearish,’ he said when asked how investors are feeling about the broader market. ‘I think a lot of people want to see if this just a correction or if it’s the start of something more — is this a soft landing, or is this the beginning of a recession? … That’s the real question.’

‘I still think you want to be positioned in sectors that are more offensive in nature — so your industrials, your materials, your technology, your energy, for example — and less overweighted … in things like consumer staples and utilities,’ he said.

Watch the interview above for more from Larson on gold, as well as the overall market.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Pro-life protestors found guilty of federal charges after invading DC reproductive health care clinic in 2020
next post
Types of Iron Ore: Hematite vs. Magnetite (Updated 2023)

You may also like

7 Biggest Silver ETFs in 2024

Ryan McIntyre: Gold Price Not Looking Back, Watch...

Stardust Power Announces Exclusive Licensing Agreement for Lithium...

West High Yield (W.H.Y.) Resources Ltd. Announces Private...

Stardust Power Inc. Announces Pricing of $5.75 Million...

QX Resources LtdSecures Option to Additional US Lithium...

Purepoint Completes Initial Drill Program Along Groomes Lake...

Highly Encouraging Maiden Scandium Mineral Resources for Melrose...

SSR Mining Plans Restart of Seabee Gold Operations...

Top 5 Canadian Lithium Stocks of 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Iran has amassed even more near weapons-grade uranium, UN watchdog says

    • UK to ban sale of disposable vapes in response to soaring waste and safety risks

    • ISIS claims first attacks against forces loyal to new government in Syria

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened by US visa pause

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,352)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top