Monday, 31 December 2018 22:40 WIB |
GOLD CORNER |Gold OutlookGold Corner
2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming.
'To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one,' Tucker told Kitco News.
Tucker said that the next cycle peak could reach $1,900 an ounce, but that won't happen next year.
'We're calling for $1,500 next year, that's a 22% increase in the price of gold, it'll be one of the best performing markets in a very, very volatile year for equities,' he said.