Ronald-Peter Stoeferle of Incrementum shares takeaways from the latest “In Gold We Trust” report, emphasizing that gold is currently in a bull market consolidation phase.
Overall he believes the yellow metal is in the midst of a “golden decade” that will ultimately take it to his price target of US$8,900 per ounce.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.