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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (93081)9/8/2020 2:42:49 PM
From: Goose94Read Replies (1) of 202936
 
Barrick Gold (ABX-T) revisited 2.0 top pick from Bryden Teich on BNN.ca Market Call Tuesday Sept 8th @ 1200ET

We continue to like Barrick Gold as the premier large-cap gold company in our portfolio. We believe we will face a sustained period of “negative real interest rates” in the U.S. because of the federal debt burden which has increased dramatically over the past few years. The Federal Reserve is also working to actively depreciate the U.S. dollar in an attempt to create higher inflation. Given the overall levels of debt in the U.S. we believe these trends will continue for some time. Thus the backdrop for gold is expected to remain very favorable.
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