Why is Orla Mining (ORLA) one of the best proprietary gold stocks and penny gold stocks to buy?

We recently published a list Top 10 Proprietary Gold Stocks and Small Cap Gold Stocks to Buy. In this article, we’ll take a look at Orla Mining Ltd. (NYSEAMERICAN:Orla) stands against other best gold stocks and penny gold stocks to buy.

The US Federal Reserve now expects just two interest rate cuts next year, down from the four it previously forecast in September, due to inflation concerns and the potential economic impact of trade tariffs proposed by President-elect Donald Trump. On November 18, in the immediate aftermath of the Fed’s announcement, the US dollar rose, with the dollar index reaching its highest level in two years. This rise put downward pressure on gold prices, which fell by 2% to their lowest levels in a month. Traditionally, a stronger dollar and higher US Treasury yields make gold less attractive as an investment. However, analysts point out that these traditional relationships between gold, the dollar and interest rates have become less predictable in recent years.

In an interview with CNBC on December 18, Thomas Rupf, chief investment officer and head of trading at VP Bank Asia, provided detailed insights into the current market conditions and future outlook for the US dollar and gold. Rupf acknowledged the resilience of the US dollar and attributed this to the perception of continued strength of the US economy. However, he also noted that the US dollar is currently overvalued, and he expects the US economy to slow down, which could contribute to a weakening of the US dollar by the end of next year.

Regarding gold, Rupf is optimistic and noted that the potential slowdown in the US economy and the dollar as well as the continuing trend of the dollar depreciation are all bullish factors for gold prices. He stated that ETF flows, which are still 20% below their historical levels, indicate that there is significant scope for individual investors to increase their investments in gold ETFs. Rupf concluded by agreeing that gold prices could realistically reach $2,800 to $2,900. He also indicated the possibility of gold reaching $3,000, which he considers the upper limit of his forecast.

Gold has historically been recognized as a reliable investment, known for its enduring value and resilience in the face of economic fluctuations. This precious metal has been the cornerstone of many diverse investment portfolios, providing a sense of security and stability in times of financial turmoil.

To compile our list of the top 10 gold royalty stocks and small-cap gold stocks to buy, we used stock screeners from Finviz and Yahoo to find companies that are involved in producing, extracting, processing, financing, or selling gold and have a market capitalization between $200 million and $10 billion as of 2013. December. We then used Insider Monkey’s Hedge Fund Database to rank the 10 stocks according to the largest number of hedge fund holders, as of the third quarter. 2024. The list is sorted in ascending order of hedge fund sentiment.

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