Investing News, Released on 7/27/20
EB Tucker correctly called gold’s rise to US$1,500 per ounce last year, and this week his updated prediction for the yellow metal came true.
Tucker, who is a director at Metalla Royalty & Streaming, has been forecasting that gold will take out its previous all-time high of around US$1,920 this year, and on July 26 it did just that.
“US$1,500 kind of became this base to go from, and then US$1,900 is now an area where as professionals we let it run. I mean, this thing is going to run,” said Tucker, who is also the author of the book “Why Gold? Why Now?”
0:00 – Intro
0:19 – Now is the time to let gold run
4:20 – Been burned? Look at gold with fresh eyes
7:46 – The main factors driving gold and silver
11:19 – EB discusses his book, “Why Gold? Why Now?”
15:09 – A new prediction for the gold price?
17:22 – Explaining the opportunity in silver
20:23 – Silver’s price path in 2020
23:23 – New investors are in for an education
28:08 – “It’s not too late in the gold trade”
28:57 – Outro
Mr. Tucker writes The Casey Report, a monthly investment advisory founded by legendary resource speculator Doug Casey. Prior to joining Casey, he served as the analyst and lead analyst on Stansberry’s Investment Advisory and The Bill Bonner Letter respectively. Before joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management; an asset management firm focused on precious metal equities. He also co-founded KSIR Capital, a corporate finance advisory firm focused on the precious metals industry. He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.