Brien Lundin, editor of Gold Newsletter, shared his outlook for gold and gold stocks in 2024.
In his view, the US Federal Reserve will have to start lowering interest rates this year due to vast federal debt.
‘Rates will have to fall, the Fed will have to pivot and other central banks will follow suit. When that happens, gold should do very well,’ Lundin said, adding that it’s key for investors to be ready for this move ahead of time.
When asked about his strategy, Lundin said he’s taking some profits on uranium stocks and repositioning in gold and silver juniors. ‘The key is that you want to be involved in this sector, you want to be positioned in it for when it turns. And you can just have confidence that it’s probably going to turn sometime this year,’ he explained.
Lundin also reminded market participants that gold stocks are likely to move quickly when they break out.
Watch the interview for more from Lundin on gold and gold stocks. You can also click here for our full playlist from this year’s Prospectors & Developers Association of Canada convention.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.