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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (77963)	3/9/2020 9:05:39 AM
From: Goose94	Read Replies (1) \| Respond to of 202784

Osisko Gold Royalties (OR-T) Industrial Alliance Securities analyst George Topping expects gold prices to push past their 2011 peak "as generalists flock to [a] relatively tiny market." Mr. Topping on Friday updated his near- and long-term precious and base metals price forecasts, raising his expectations for gold while lowering his copper, zinc and nickel projections. His silver price estimate remained the same for 2020 (at $18.40 (U.S.) per ounce) before declining in 2021 through 2025. Mr. Topping says in a note: "Gold is up 10 per cent year-to-date, while the S&P 500 and TSX are down 6 per cent and 3 per cent, as the Coronavirus spreads globally. We had previously built in a full gold cycle into our price deck but have now revised to a higher cyclical top. Gold is the best way to protect purchasing power as central bankers print money to prop up their economies but devalue currencies relative to hard assets in the process." Mr. Topping continues to rate Osisko Gold Royalties ($11.60) "buy," while hiking his share target to $29 from $18. Analysts on average target the shares at $16.56.