Gold Up 40% YTD, Stoeferle Sees Healthy Pullback Before Next Leg Higher скачать в хорошем качестве

Gold Up 40% YTD, Stoeferle Sees Healthy Pullback Before Next Leg Higher

Incrementum AG Managing Partner Ronald-Peter Stoeferle, co-author of the In Gold We Trust report, joined Kitco Mining at the Precious Metals Summit in Beaver Creek to share his outlook as gold trades at $3,650/oz. Gold is up 40% year-to-date and breaking record highs, which he sees as confirmation that the market has entered the “public participation phase” of the bull cycle. He notes that a 10-15% pullback would be healthy in the short term, especially with the Federal Reserve expected to begin cutting rates in September, possibly by 50 basis points. Longer term, Stoeferle points to powerful drivers including central bank demand of around 1,000 tons annually, rising emerging market buying, and still-low Western investor allocations. Incrementum’s 2020 model projects $4,800 gold by 2030 under its base case, and up to $8,900 in an inflationary scenario. He also highlights silver’s undervaluation, arguing that triple-digit prices remain possible, while miners and juniors should outperform as “performance gold” in this next stage of the cycle. Stoeferle is also bullish on silver, considering it undervalued both in absolute terms and relative to gold. “If we see really stronger investment demand kicking in, then I think we’ll quickly see new all-time highs and, again within this bull market, triple digits are definitely possible for silver,” he said. Stay tuned to Kitco Mining for more coverage from the 2025 Precious Metals Summit in Beaver Creek. Special thanks to our sponsor, Newcore Gold, for making this coverage possible. 👉 Visit https://newcoregold.com to learn more. 00:48 Gold Market Analysis: Technical and Sentiment Perspectives 02:34 Global Conflicts and Their Impact on Gold Prices 03:17 US Federal Reserve and Economic Indicators 04:11 Emerging Market Demand and Central Bank Gold Purchases 05:38 Gold Price Predictions and Inflation Scenarios 08:10 Gold Stocks and Mining Industry Insights 08:24 Central Bank Gold Holdings and Global Reserves 10:41 BRICS and the Role of Gold in Emerging Markets 15:06 Performance Gold vs. Safe Haven Gold 16:50 Investment Strategies in Gold Mining Stocks 21:13 Silver Market Potential and Future Predictions __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.