Canaccord expects inflation to be less of a headwind for producers in 2023, with expectations for mining all-in sustaining costs (AISC) to be relatively flat in 2023.
The PM complex has has a secret that few mainstream investors know about and that is the junior exploration and small cap mining stocks that can move five to ten times off their lows which can be very rewarding to say the least if one can get in early enough.
Gold soared through $2,000 this past week and oil prices jumped to over $80 thanks to an OPEC production cut. All look higher but have a bit of work to do to make new highs.
Labor report, jobs data coming out today, but gold and silver futures markets are closed. Currencies are not (futures). Gold's momentum did not embed, so the next trading day will be telling..
A 1929-style run on the banks (featuring terrified depositors racing out of fiat and into gold) is quite possible in the years ahead, and my main thesis for America remains a bizarre..
