Gold can ‘easily’ move into $3,000 range with powerful tailwinds

Despite the gold price hitting all-time highs this year, growth for both the bullion and the gold mining sector is just getting started, with gold expected to expand to the $3,000 an ounce range, said Jeff Pontius, CEO of Corvus Gold.
“I think we’ve got a fundamental market that’s got a lot of legs left in it. I think we’ll easily see gold move into the $3,000 an ounce range, and particularly with Corvus, we’re still being valued down here in the low $1,500, $1,400 number,” Pontius told Kitco News. “Gold resources are going to be more scarce. It’s going to be harder to produce the current profile that we have now overall in the gold industry.” (show less)

Despite the gold price hitting all-time highs this year, growth for both the bullion and the gold mining sector is just getting started, with gold expected to expand to the $3,000 an ounce range, said Jeff Pontius, CEO of Corvus Gold.
“I think we’ve got a fundamental market that’s got a lot of legs left in it. I think we’ll easily see gold move into the $3,000 an ounce range, and particularly with Corvus, we’re still being valued down here in the low $1,500, ... (read more)

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