Seven Mining Companies CIBC Likes In A Rising Gold Environment

From kitco.com

The gold market is starting a new long-term uptrend, according to analysts at CIBC and they see the potential for seven mining companies to benefit from higher prices. In a report Monday, the Canadian bank said that it sees gold prices pushing to $1,500 an ounce next year and 2021 and see gold prices holding above $1,400 in the long-term. “We continue to see no signs of rate hikes on the horizon over the next several years, and historically have seen gold continue on an upward trajectory beyond the last rate cut,” the analysts said. Looking at the mining sector, the analysts have revised their outlook on eight mining ... (full story)