Mikkel Rosenvold
10 weeks ago

Gold expert: Could rally 500%

Gold expert believes this sector could have a 500% rally potential in the near future
Gold bars against black background.
Blue Andy / Shutterstock.com

Gold markets expert and 321gold.com founder Bob Moriarty weighs in on the current relentless gold rally and the potential for further gains in gold space.

"The sentiment against gold stocks is the lowest it’s been in 50 years," Moriarty explains and continues: "I’m on record as saying I think we’re in for a big rally, and I think everything I see tells me it’s true."

Moriarty points out that the rise in gold prices have not yet spilled over to gold miners, who are trading at a historic low and could rally as much as 500%.

In an interview on 321gold.com, Moriarty also points to potentials in the copper market, which could be linked to a resurgent Chinese economy.

Moriarty specifically points out Eloro Resources (OTC: ELRRF) as the best polymetallic project in the world today with huge upside potential. Similarly, Moriarty singles out Libero Copper (OTC: LBCMF) as a pure copper play. Both bets are obviously dependent on a continued copper rally, which Moriarty believes in - but both could currently be priced in rather cheaply.

As a final point, Moriarty points to palladium, which Moriarty believes could rise to $900, which brings solid potential both short and long term.

Trading commodities as a private investor involves buying and selling raw materials like oil, gold, or agricultural products in the futures market, where contracts are exchanged predicting the future price of these goods.

This investment strategy requires an understanding of global economic trends, supply and demand dynamics, and geopolitical factors that influence commodity prices. Private investors use commodities to diversify portfolios, hedge against inflation, or speculate for profit.

However, it's a high-risk endeavor due to market volatility and the need for significant research and analysis. Successful commodity trading demands constant market monitoring, a well-thought-out strategy, and sometimes, a tolerance for potential financial loss.

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