Is Now the Time to Invest in Gold?

BTV

April 12, 2024

‍4 Minute Read

Here's how some major markets/indexes performed in the last 5 days:

Dow Jones: 37,973 (-2.42%)
S&P 500: 5,122 (-1.7%)
Nasdaq 100: 17,999 (-0.72)
TSX: 21,986 (-1.27%)
BTC: 68,487 (-1.3%)
Ethereum: 3,413 (-1.14%)

(USD)

As of 4/12/2024 at 10:15 AM PST

🍁 Canada's Rate Cut Prospects: A June Glimmer?

Interest Rates on the Ice
The Bank of Canada is skating on thin ice with its rate decisions, and as it turns out, a rate cut isn't off the table for June. Despite holding the key interest rate steady at 5% recently, the door is still open for a summer surprise. This comes as inflation, though cooling, still dances closely with targets set by the bank.

The Waiting Game
It’s a classic case of 'hurry up and wait'—with the US inflation rates influencing global monetary policies, Canada’s own rate cut timeline might see adjustments. Economists and analysts are tuned into the Bank of Canada's cautious symphony, playing a delicate balance between growth and inflation control.

What’s at Stake
For investors and consumers alike, the potential rate cut is more than just economic jargon—it could mean more manageable loans and potentially juicier returns on investments that are sensitive to interest rate dips. However, the central bank's priority remains: inflation needs to hit a steady decline before any cuts are introduced.

To Cut or Not to Cut?
As June approaches, all eyes will be on the Bank of Canada’s next move. Will they pull the rate cut trigger, or will inflation concerns keep them at bay? This economic suspense is not just a Canadian story but a global one, as central banks around the world grapple with similar challenges.

_Sponsored

Unveils the Next Stage in the Evolution of Fixed Income ETFs

TDAM recently launched a suite of Target Maturity Bond Exchange-Traded Funds (ETFs) - new fixed income investment solutions designed to act like individual bonds, with regular income and final payouts on defined maturity dates.

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Gold Prices Strike New Highs 🪙

Gold's Glittering Week
Gold prices are smashing records, soaring to $2,364 an ounce amidst a cocktail of geopolitical tensions and market jitters. As investors pile into the bullion, the world is on watch for the Fed's next move that could either dampen or fuel this rally.

Why the Rush?
The sprint for gold isn't just about current uncertainties—it's also fueled by fears of rising inflation. With everyone from central banks to Costco shoppers stockpiling the precious metal, gold's appeal as a safe haven has never been more attractive.

The Golden Forecast
Analysts are bullish, some even betting on gold to hit $3,500 by 2025. As the demand for a financial safety net grows, gold's potential to outshine other investments makes it a hotspot in today’s volatile market.

What's Next for Investors?
For those looking to dive into gold, the waters are warm but beware of currents. The market's right for gains, but as with any investment, timing is everything. Don’t wait for the gold rush to peak; a smart move might be now or never.

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Mayfair Gold Caps Off Outstanding Year

2023 was an outstanding year for Mayfair Gold (TSX-V: MFG; OTCQB: MFGCF). The company was amongst the TSX Venture Exchange’s top three performing stocks, up close to 80% over 2022. It also garnered recognition as one of the top 50 stocks on the OTCQB venture market across all commodities in the United States.

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Bunker Hill Mining

Set to breathe new life into the historic Bunker Hill Mine in Northern Idaho, promising a sustainable future for precious metals mining with a focus on zinc, lead, and silver.

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Avino Silver & Gold Mines

Discover the unique heritage and ambitious future plans of Avino Silver & Gold Mines, a business aiming to triple output while ensuring environmental sustainability.

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G Mining Ventures

revolutionizing the precious metal sector in Brazil, focusing on sustainable development and the strategic exploration of the country's vast mineral resources.

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OpenAI and Meta Inch Toward "Reasoning" AI 🤖

Next-Gen AI on the Horizon
OpenAI and Meta are on the cusp of revolutionizing AI with new models that promise to "reason" much like humans do. These enhancements are set to push the boundaries of what AI can accomplish, tackling complex problems with more nuance and capability than ever before.

The Race to Reason
As both giants prepare to roll out these advanced models, the tech community is buzzing with anticipation. These developments signal a significant leap towards artificial general intelligence (AGI), with the potential to transform industries from healthcare to finance.

Musk's Nod to AI Progress
Elon Musk, a vocal critic and observer of AI advancements, supports these strides towards more sophisticated models. His backing highlights the critical nature of these updates in bringing AI closer to human-like thinking and problem-solving.

What This Means for You
The arrival of reasoning AI could mean smarter, more intuitive systems in your workplace or home. Imagine AI that not only follows commands but understands context and makes decisions that flow logically from your discussions.

As we stand on the brink of these innovations, the path to AGI seems a bit clearer. OpenAI and Meta are not just participating in a tech upgrade; they're redefining the future of artificial intelligence.

📢 This Week's Selected News:

Beyond Oil Ships Container of Product to West Coast Reduction Ltd.

Beyond Oil Ltd., a food-tech innovation company specializing in extending the life of frying oils, is pleased to announce the shipment of their product to West Coast Reduction Ltd. in Canada. This initial shipment under the strategic partnership and distribution agreement will support customer demonstrations and introduce Beyond Oil's product in North America, specifically in Canada and Washington State, USA. The product, which significantly extends the usable life of frying oils by reducing harmful components and costs, is backed by various safety and quality certifications including those from the FDA and Health Canada. This milestone not only strengthens the partnership between Beyond Oil and West Coast Reduction but also enhances Beyond Oil's presence in the North American market, promoting a sustainable and healthier future in the food industry.

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Archer Exploration Provides 2024 Winter Drilling Results at Grasset Nickel Project

Archer Exploration recently reported the outcomes of their 2024 winter drilling program at the Grasset Nickel Project, highlighted by significant nickel-copper-cobalt intercepts. The program consisted of 12 holes totaling 1,940 meters, primarily aiming to expand the known extents of high-grade mineralization and improve geological models. Notably, hole GR-22-144 intersected 4.67% nickel, 1.78% copper, and 0.09% cobalt over 6.2 meters, confirming the continuity of mineralization to the west. These results will guide future exploration and are expected to significantly impact resource estimates.

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