Don't Dismiss Gold Just Yet

[View this email in your browser]( [Facebook]( [Twitter]( [Forward]( [Kitco Metals]( Editor's Picks [@neils_C]( Although analysts still think it’s only a matter of time before [gold]( pushes above $1,300 an ounce, they might have to wait a little bit longer as sentiment is shifting in financial markets. [Gold]( is ending the week in negative territory, halting a four-week winning streak. Investors are turning back to equity markets as there appears to be easing tensions between the U.S. and China. In an attempt to resolve the ongoing trade dispute, China has proposed that it will increase its imports of U.S. products over the next six years. The deal, valued at $1 trillion, would aim to reduce the U.S.’ trade deficit with China to zero, reports have said. However, despite the renewed optimism, some analysts have said that there is still enough uncertainty to keep a bid under gold and eventually push prices above $1,300. For example, John Hathaway, chairman of Tocqueville Management Corp. and co-manager of the firm’s gold fund, said that because of U.S. exploding debt, gold is the only realistic asset for investors. So in this environment, many analysts don’t expect to see renewed bearish sentiment in the marketplace. In fact, another billionaire has jumped on the gold bandwagon. Sam Zell, the founder of Equity Group Investments, announced on Bloomberg TV that he bought gold for the first time in his life. He said that he likes gold because there is a shrinking supply and it is a good hedge. Earlier this week, The Street’s Jim Cramer also reaffirmed his affinity for the yellow metal. Cramer has consistently said that investors should put about 10% of their portfolio in gold. “We know gold is the winner in times of chaos and uncertainty, so if you are feeling a little bit worried about your portfolio, you might want to buy [gold,]” he said last week during his CNBC show Mad Money. That is about it for this week, but before we go, I just wanted to give a shout-out to Kitco’s Daniela Cambone for her interesting and entertaining interview with former NFLer turned investors Cameron Colvin. If you are in Vancouver this weekend, you can catch Daniela live at the Vancouver Convention Center during the [Vancouver Resource Investment Conference (VRIC)](. She will be moderating the Ultimate Gold Panel 2.0 with panelists, Peter Hug, global trading director at Kitco.com, Peter Schiff, CEO of Euro Pacific Capital, Frank Holmes, CEO of U.S. Global Investors, and Roy Sebag, CEO of Menē Have a great long weekend and to our American readers enjoy your MLK long weekend! Neils Related Stories [Newmont To Acquire Goldcorp In $10 Billion Deal]( To Acquire Goldcorp In $10 Billion Deal]( [Palladium Tops $1,400 First Time Ever On ‘Avaricious’ Demand]( Tops $1,400 First Time Ever On ‘Avaricious’ Demand]( [Kitco Video News]( [Glass Ceiling For Precious Metals To Crack This Year]( Ceiling For Precious Metals To Crack This Year]( [Get Ready, Gold Is Headed For A Bigger Rally]( Ready, Gold Is Headed For A Bigger Rally]( [Investing Like A NFLer: Cameron Colvin's Story]( Like A NFLer: Cameron Colvin's Story]( [Kitco News]( [Exploding U.S. Debt To Drive Gold Prices Higher - Tocqueville]( [Gold Prices To Rally 13% In 2019, Silver Up 12% - MKS PAMP Group]( [Gold Could See $1,450 In 2019, Portfolio Reallocation To Play A Key Role - Analyst]( [If Gold Tops $1,350, Wells Fargo To Turn Negative On The Metal]( [Worried About Your Portfolio? Buy The New Barrick Gold, Says Jim Cramer]( [This Is How Brexit Uncertainty Will Drive Gold Prices – London Capital Group]( [U.S. Dollar Needs To Drop To Push Gold To $1,400 - Murenbeeld & Co]( [Strength In The US Dollar Index Is So 2018]( [Corvus]( [Wall St. Mixed On Near-Term Gold Prices; Main St. Bullish]( [Kutcho]( [MarketSlant]( [Gold and Commodities Set to Soar in 2019]( and Commodities Set to Soar in 2019]( [Are Global Stock Markets About To Rally 10 Percent?]( [S&P 500 at Resistance Level, Downward Correction Ahead?]( [Crude Oil Will Find Strong Resistance Between $52~55 ppb.]( [Kitco Gold Chart]( [Kitco Gold Chart]( For Pete's Sake Peter Hug Director, Global Trading phug@kitco.com Technically Speaking Jim Wyckoff Market Analyst and Columnist jwyckoff@kitco.com [Gold, Silver Prices Sell Off Amid Keener Risk Appetite]( Promotion [Gold Krugerrand]( This message was intended for {EMAIL} , as a subscriber and/or customer of Kitco. [Advertising]( | [Update Your Email Preferences]( | [Privacy Policy]( | [Contact us]( | [Unsubscribe]( All logos, brand names and/or trademarks that appear here are the property of their respective copyright holders. © 2019 Kitco Metals Inc. 620 Cathcart, Suite #900, Montreal, Quebec, H3B 1M1 Canada.