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New York-listed Brink’s is plotting a takeover of the FTSE-250 security company’s Cash Solutions business, Sky News learns.
We’re currently in the last phase of a gold bull rally, and this phase will see the most upside action, this according to Frank Giustra, chairman of Leagold.
“I think we’re in the third and final phase of the gold market that’s started in 2001, and this will be the most explosive phase for gold,” Giustra told Kitco News.
Mark Mobius, The Founding Partner Of Mobius Capital Partners, Recommends That Investors Hold 10% Of Their Portfolios In Physical Gold, And Invest The Rest In Dividend Yielding Equities.
Longer-term, gold prices are headed much higher than current levels and could even go to $5,000 an ounce, this according to Peter Schiff, CEO of Euro Pacific Capital.
“I do think that this is the beginning of the breakout of the consolidation that we’ve been in for the last several years, but ultimately I think gold’s going to go quite a bit higher than $5,000,” Schiff told Kitco News.
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines.
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets.
The Dow and the broader US stock market had another volatile day as Wall Street investors fear the US-China trade war will inflict broad damage on the global economy.
Gold hits a six-year high. Trading gold now, with CNBC’s Seema Mody and the Futures Now traders, Jim Iuorio at the CME and Anthony Grisanti at the NYMEX
Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go,” wrote Viraj Patel, FX and global macro strategist at Arkera, on Twitter. “If this was an all out currency war – the US would hands down lose.
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