New Trade for September 10th, 2020

Futures are mixed this morning after yesterday’s recovery.  While there is no sure way to predict how things will play out on Wall Street over the next few months, there’s wealth to be made, and the WSWD community of researchers are here to help you stay in-the-know.  

Gold may be one of the best bets right now.  Spot Gold price broke above $2000 last month.  Since then, the price has pulled back, but many analysts expect to climb past those levels in the near future.   

What’s underpinning the metal’s appeal now?  Current U.S. and China tension combined with increasing signs that the prolonged pandemic is stalling an economic recovery. Gold price is also being supported by a weaker dollar and expectations of rising inflation amid massive liquidity injections from central banks plus confluence of low or negative real rates.

UBS Group AG raised its near-term forecast for bullion to $2,000 by the end of September.  Gold’s rally may extend into 2021 “on dollar wobbles amid rising geopolitical risk in a lower for longer interest-rate environment,” Eily Ong, an analyst at Bloomberg Intelligence, wrote in  a note.  

With higher highs possible, some of the top gold stocks to consider include:

  • Barrick Gold (GOLD)
  • Gold Fields (GFI)
  • B2Gold (BTG)
  • Kirkland Lake Gold (KL)
  • VanEck Vectors Gold Miners ETF (GDX)


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