China Optimism, Junior Gold Deal, and Bitcoin Price Forecast
Published: 2/21/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this report.Summary
Last week, global equity markets were up 1.7% on average
Positive news from China, and mixed results from the U.S.
A material deal in the junior gold space
An oilfield services company under coverage reported robust revenue/EBITDA growth
We believe the fair value of Bitcoin (BTC) is US$43.5k, indicating 15% downside potential from the current price