Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Ryan McIntyre: Gold Price Not Looking Back, Watch This Demand Driver

by April 18, 2024
April 18, 2024
Ryan McIntyre: Gold Price Not Looking Back, Watch This Demand Driver

He noted that gold hasn’t looked back after starting to rally at the beginning of March, and said there’s a missing piece of demand that could send the price higher: investment in gold exchange-traded funds (ETFs).

‘Probably one of the most unusual parts of this gold rally over the past month and a half is that you’ve actually continued to see a decline in gold holdings by global ETFs,’ said McIntyre. ‘I think it’s a very unique circumstance, and one that I think we’re probably going to see reverse and probably add to what are already pretty good gains on the gold price.’

While gold’s performance has been historically strong, gold stocks have lagged behind, frustrating investors. Commenting that this scenario is unusual, McIntyre said that for him the gold stocks represent a ‘tactical opportunity.’

‘To me now is a great time to be in the gold equities in particular and take advantage of both the gold price and the low sentiment in the gold-mining space itself. To me it’s probably a great spot to be on the investment side,’ he said.

When asked about silver, McIntyre said while its volatility can make investing difficult, it’s important to be patient.

‘What I’ve observed over time with any commodity is that you can have these deficits for a little while, and then literally one day people wake up for one reason or another and all of a sudden you get the move and the price starts running away pretty quickly on you. So to me you always want to be positioned, even though you can’t explain what exactly might happen. You really want to be positioned ahead of that, and to me it’s kind of the perfect setup for silver now,’ he said.

Watch the interview above for more of McIntyre’s thoughts on gold and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Drilling Underway at Trafalgar High-Grade Gold Prospect
next post
Top 10 Uranium-producing Countries (Updated 2024)

Related Posts

SKRR Exploration Announces Mutual Termination of Share Exchange...

May 30, 2024

Crypto Market Recap: GameStop Bets on Bitcoin, USDC...

March 27, 2025

AI Stocks: 9 Biggest Companies

February 9, 2024

David Erfle: Cash Position Never Larger, Chaos and...

January 17, 2025

Charbone Hydrogene annonce des investissements des inities et...

May 14, 2025

Top 10 Uranium Mines in the World (Updated...

October 25, 2023

GTI Board Appoints Ex-Head of Cameco Australia, Simon...

June 4, 2024

Siren Awarded High-Grade Lyell Tenement for a Further...

June 4, 2024

Appeals Court Grants Trump Temporary Reprieve on Tariffs,...

May 31, 2025

Helium Evolution’s Farmout Well Encounters Helium, Proceeding With...

September 27, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • 1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

    • Ontario Backs Down on Key Bill 5 Provisions, Echoes BC’s Mining Debate

    • Appeals Court Grants Trump Temporary Reprieve on Tariffs, “TACO” Taunts Gain Steam

    Categories

    • Business (1,223)
    • Investing (2,503)
    • Politics (3,699)
    • Stocks (1,614)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved