Right now, the focus of CrushTheStreet.com is to make sure all readers are as UPDATED as possible on the Covid-19 pandemic.
More and more things are breaking down and the unimaginable are now realities as markets break down. Consider the fact that oil futures ended up a negative number in May. In other words, the economy is in such a grind that oil went from being an asset to a LIABILITY.
Welcome to the party, Bank of America.
Here it is from behemoth BofA, now rising its 18-month gold price target from $2,000 to $3,000.
- Economic output collapsing
- Fiscal outlays surging
- Central bank balance sheet skyrocketing
- Fiat currencies coming under pressure
Their price target represents an all-time high for gold and is 50% higher than their previous projections and a reality check for what is coming.
We haven’t seen anything yet and it’s certainly nothing to brag about in terms of gold’s moves to the upside. A material move that I believe will START to have true upside impacts on investors’ portfolios will be gold getting to over $2,500. This is a reality for us precious metal investors.
The International Monetary Fund has publicly stated that the economy will face the worst recession since the depression of the 1930s.
Gold is having a breakout year and I feel very confident that NEW ALL-TIME HIGHS will be in order.
As I’ve just started to alert my readers, I’ll remind everyone once again to consider owning shares of Libero Copper & Gold (TSX-V: LBC & US: LBCMF).
B2Gold, one of the only billion-dollar gold miners in the world, owns 10% of the outstanding shares, along with management and insiders owning an additional 20%.
The company owns two EXTREMELY PROMISING copper assets that have a PROBABLE chance of turning into operating mines, along with a gold exploration asset in British Columbia’s Golden Triangle region, where some of the HIGHEST-GRADE gold deposits in history were previously discovered.
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And here’s where the rubber meets the road: Libero’s stock shares have essentially only priced in the company’s gold asset, the British Columbian asset known as Big Red. The shares haven’t properly factored in the value of Libero’s Mocoa and Tomichi properties, which contain 7.9 billion pounds of copper.
The Golden Triangle region is where Libero’s Big Red mine is situated.
This region is known for its multiple world-class operating mines, where we know a discovery could easily be worth $100 million. And as I showed you above, compared to its peers, it’s absurdly cheap.
Fortunately, the company is mimicking the success of Ross Beaty’s Lumina Group – where early investors could have made 55 TIMES their money.
Libero Exploration EVP Leo Hathaway worked with Lumina Group for 15 years delivering for shareholders, and he’s now paving the way here for LBC.
By the way, Leo’s been part of four company exits with a cumulative price of over $1 billion and is now considered a legend in the mineral space.
The proven management team of Libero goes deep, including Founder and CEO Ian Slater, who has already spearheaded multiple successful mining ventures, as well as Exploration VP Dave Thomas, a seasoned mineral exploration specialist with over 20 years of experience.
We’re witnessing a disconnect between the physical prices of metals and the resource stocks that’s greater than I have ever seen in my investing career.
Consider shares of Libero Copper & Gold (TSX-V: LBC & US: LBCMF).
Getting positioned in Libero allows diversified access to both the gold and copper prices, which I expect to make sharp and sustained moves as governments respond to the coronavirus crisis. They’re helicoptering money into the economy as fast as they can, which will lead to boom times for metal investors, in my personal opinion.
Chief Editor, CrushTheStreet.com
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