Where is gold going in 2019?

January 15, 2019

Gold closed out 2018 on a strong note amid volatile trading in stocks and global trade worries. Spot bullion inched towards a six-month high after topping $1,280 an ounce and December produced the best monthly gain for gold in almost two years.

So what’s lies ahead in 2019? Here’s a roundup of opinion:

Bloomberg News asked four executives from large producers including Newmont Mining Corp*. and Teck Resources Ltd. for their outlooks.  From dealing with debt to dividends, to corporate-level acquisitions and asset sales, no one plans to stay still.

Here’s what they see:

  • Cash-strapped juniors looking to large producers to help fund projects which means attractive deals for the big companies;
  • A halt in the Federal Reserve’s rate tightening policy which could mean a weaker dollar which benefits the sector, and
  • Nervous equity investors seeing gold as a safe haven.

Barron’s is a gold bull, noting in a Dec. 28, 2018 article that it is glittering again and continues to hold its value. The article identified that gold has kept up with inflation over the long term and that an ounce would have bought a good men’s suit in 1918, and still does today.

A Seeking Alpha review of the sector weighed in on interest rates and the U.S. dollar. The author believes that with the exception of inflation, indications are positive for gold going into 2019.

Harvest Portfolios Group Inc. has listed on the Harvest Global Gold Giants Index ETF (HGGG) on the TSX, beginning trading January 15, 2019.  HGGG seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Gold Giants Index TR.  HGGG primarily invests in 20 large equally weighted gold mining issuers, listed on stock exchanges in North America, Australia and Europe.

For more information about Harvest Portfolios Group Inc. products visit harvestportfolios.com

* Newmont Mining to buy Goldcorp in $10 Billion deal to create world’s largest gold producer

The views and/or opinions expressed in the blog are of a general nature and are for informational purposes only. Blog contents should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage personal investment strategies. Investors should consult their investment advisor before making any investment decision.  

You may also like…


For Information Purposes Only. Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.) Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies. Tax, investment and all other decisions should be made with guidance from a qualified professional.

Certain statements in the Harvest Blog are forward looking Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or  “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

Sign up to receive our monthly updates