welcome back to our weekly update I'm Charlotte McLeod with the investing News Network and here to give you a quick look at our top stories for the week [Music] the gold price remains elevated although it did drop below 2000 per ounce midweek the same is true for silver which spent time below 25 dollars per ounce despite those lower levels this week it's important to remember that gold in particular remains historically high and unlike the other times it's reached 2000 this time the yellow metal hasn't pulled


back right away many Market Watchers believe gold is now poised for a breakout and Garrison away of inthemoneystocks.com is one of them here's what he sees coming for gold I do think that per the charts and I've been bullish on gold for the last couple years is that we should break the all-time Highs at around 2075 and I think by year end you're looking at 2300 at minimum and I think really 5 000 within a year or two is very very possible this should be the new bull market here in in asset prices if you


will and I think it's long overdue and we should see yeah I mean I'm I continue to be very very bullish on gold you can find the link to the full interview with Garrett in the video description we spoke last week about Diversified minor glencore's a hostile takeover bin for Tech resources and this story is still making headlines as new developments emerge as of April 19th Tech had rejected two acquisition proposals from glencore prompting glencore to write an open letter to text Class B shareholders in


it the company emphasizes the benefits of its plan to merge with tech and create two Standalone businesses and it says it's willing to make an offer directly to shareholders if tech won't engage lenker also says it's open to improving its terms this situation is changing quickly but Tech has already responded to glencore saying its proposal is not a realistic or viable option the company urged its shareholders to vote on April 26 for its own separation plan which was split Tech into a Metals


company and a steel making cold business it's worth noting that Tech chairman emeritus Dr Norman bikivo is not in favor of glencore's proposal although he would support a transaction with the right partner on the right terms after tax separation while no mining industry figure Robert Friedland has also weighed in while he respects both Tech and glencore he set a sale to glencore would be short-sighted without exploring Tech's valuable opportunities across the industry that's all for this week if you like


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