Peter feels that a slowdown is coming but that there won’t be an official recession in 2020, perhaps 2021. The overall equity markets will likely be flat next year because of the Fed’s actions in keeping up the markets. There was a lot of physical off-take of gold and silver by North American investors between 2008 and 2011.
The price of gold will need to head higher than $1550 to attract retail investors back to the physical sector. He advises investors to consider producers and royalties over risky juniors.
