- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
VIDEO - Andrew O’Donnell: Gold Has a Case for Years to Come - Here’s Why
O’Donnell anticipates a measured price climb for gold in 2020, but believes the metal’s future outlook is strong.
Andrew O’Donnell, managing director at SuperCharged Stocks, doesn’t see gold rising aggressively in 2020, but he does believe that the metal has a strong future.
“(My target is) US$1,670 (per ounce) for the year, somewhere around there,” he said at the recent Vancouver Resource Investment Conference (VRIC).
“Now, we’re going to get more volatility in it, I think there’ll be trading in it,” he continued. “But I think this is more of a slower climb because the problems that we’re facing on a macro level are significant, and they’re not going away any time soon … There’s some significant foundational problems that mean gold is going to have a case for years to come.”
O’Donnell will be watching gold and silver most closely this year, with copper a close third, and said he anticipates that some juniors will be able to gain traction.
“But we have a lot of work to do in the junior market … there’s a lot of what’s called lifestyle companies out there that are not real.” In his opinion, the onus is on investors to do their due diligence.
“You don’t just listen to someone say, ‘Hey, go buy XYZ stock.’ Put a bit of work in, find out who the management team is. Have they met milestones before, and what have they done before to meet objectives and milestones?”
Many commentators in the resource space have suggested that the market will truly be kickstarted once generalist investors become interested in gold again, and O’Donnell said the same, explaining that the yellow metal can act as a gateway for newcomers. However, overall he’s looking to underlying global problems as gold’s key driver moving forward.
“At the state the world is right now, almost anything is possible,” he said.
Watch the video above for more from O’Donnell on gold. You can also click here to see our full VRIC playlist on YouTube.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.