Gold Mining Company stocks
I mentioned the gold mining company on the Crypto foundations call this evening. I came across it today. Shares are still cheap at under $1. Please do your own research. Critical on GoldMining Inc. (NYSE: GLDG)! Disseminated on Behalf of GoldMining Inc. (US: GLDG). On November 7th, the chairman of the world's most important banking institution announced the second rate cut in this cycle. I tuned in to the FED's press conference and listened to the statement and the Q&A session closely. The main message is that major changes are on the horizon once the Trump administration is sworn in. As I write this, the FEDWatch Tool shows that the market still believes that in December, the FED will take another step to lower interest rates to historic levels, with a 64% probability. Courtesy: cmegroup.com/markets/interest-rates/cme-fedwatch-tool When I look at the market probabilities for December 2025, one year into the future, the expectation is that interest rates will continue to moderately come down! Courtesy: cmegroup.com/markets/interest-rates/cme-fedwatch-tool Therefore, I don't think there's ever been a better moment to build a position in gold companies than November 2024. That is my personal opinion, and one key reason for forming this view is that today, at gold $2,700/ounce, the GDXJ index, which aggregates junior mining gold stocks, sits at $49, compared with $167 in 2011, when gold peaked at $1,925/ounce! Check this out: It is an indisputable fact: gold spot price is $2,700/ounce, as I write this, over 40% above the 2011 all-time high, yet the GDXJ index is down 70%, compared with its peak. While central banks are indeed accumulating physical gold for their reserves, look at how much more retail and institutional participation, if the public begins to allocate a proportion of its savings to precious metals.