Top Stories This Week: US$2,500 Gold in 2020, Battery Day's Real Story

TL;DR

Gold price consolidated during the week, with experts predicting upward momentum. EB Tucker predicts gold reaching $2500 and silver hitting $40, while highlighting Nova Royalty for exposure to the green energy space. Howard Klein discusses the importance of hard rock lithium deposits after Tesla's Battery Day.

Transcript

welcome back to our weekly update i'm charlotte macleod with the investing news network and this is your quick look at the stories we've been covering that you need to hear about the gold price was in the doldrums last week but this week brought a little more positivity the yellow metals spent much of the period below 1900 per ounce but at the time... Read More

Key Insights

• 🛀 Gold price showed consolidation during the week, with expectations of further upward momentum in the future.
• 🤘 EB Tucker's bullish predictions for gold and silver indicate positive sentiment towards precious metals.
• 💚 Nova Royalty's listing provides investors with an opportunity to gain exposure to copper and nickel royalties in the green energy sector.
• 👨‍🎤 Howard Klein's analysis of Tesla's Battery Day highlights the significance of hard rock lithium deposits.
• ❓ Lithium extraction from clay is still an unproven process, despite recent attention.
• 🤘 Piedmont Lithium's deal with Tesla indicates the demand for battery metals.
• 🐢 Cannabis industry changes under a Joe Biden presidency are expected to be slow and cautious.

Questions & Answers

Q: What are EB Tucker's price predictions for gold and silver?

EB Tucker predicts gold reaching $2500 and silver hitting $40 by the end of the year, signaling a positive outlook for precious metals.

Q: Why does EB Tucker recommend Nova Royalty for investors?

EB Tucker sees potential in Nova Royalty due to its focus on copper and nickel royalties in the growing green energy sector, providing investors with exposure to this space.

Q: What did Howard Klein highlight as the key takeaway from Tesla's Battery Day?

Howard Klein emphasizes the importance of hard rock lithium deposits, stating that they overshadow the relatively unproven lithium extraction from clay, which gained attention due to Elon Musk's comments.

Q: What is the general consensus regarding changes in the U.S cannabis industry under a Joe Biden presidency?

Experts believe that any changes in the U.S cannabis landscape would be slow under Biden, with unlikely movement within the first 100 days. Mixed messages from Biden in the past have created uncertainty.

Summary & Key Takeaways

• Gold price spent the week below $1900 per ounce but showed slight upward movement, indicating a period of consolidation.

• EB Tucker believes gold will reach $2500 by year-end, with silver hitting $40, and recommends Nova Royalty for exposure to copper and nickel royalties in the green energy industry.

• Howard Klein identifies hard rock lithium deposits as the real story of Tesla's Battery Day, emphasizing their importance over lithium clay deposits. He also discusses Piedmont Lithium's deal with Tesla.