Gold investors will not be disappointed this spring season, as the metal’s set-up looks very promising, according to one long-standing gold bull.
The two biggest supporting drivers this spring will be a dovish Federal Reserve and overbought equities, Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Wednesday.
“Expect a warm macro backdrop for gold in Spring 2019 on 1) dovish Fed’s stance and 2) unsustainable rally in U.S. equities,” Mikanikrezai said.
W Resources PLC (LON:WRES) is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.