Keep an eye on gold stocks.
Gold prices are soaring on all of the tension with China, the coronavirus, economic fears, and stress over upcoming elections. Goldman Sachs is calling for $2,000 gold.
Bank of America is calling for $3,000 gold. Some billionaires are calling for $5,000.
While estimates vary, one thing is nearly certain. We’ll see higher gold. At the moment, the metal is up another $41 on the day to $1.943 and could break through $2.000 shortly. Some of the best ways to trade higher gold is with a stock like Newmont Mining (NEM), Barrick Gold (GOLD), and B2Gold (BTG).
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