There are buyers on dips in gold, silver, and copper. Buying interest or short term investment interest in silver and copper is very high. Everyone (in India) is buying silver for the short term.
Because the effects of inflation have been more pronounced in the past year and one-half, the peak in March 2022 is now $250 oz. lower than the peak in 2020.
My expectations were that the cartel would knock the miners down and then hope that the gold and silver would follow. I was pretty sure that they would knock the miners to new lows and knock silver.
But, for now, I must warn you that this is still a treacherous market, and it has not yet given us the green light that it is ready to target new all-time highs.
The energy war in Europe is monstrous! Energy prices are shutting down business, factories and more and more. Will Europeans keep their solidarity? Gold has a down bias, under the..
And I’ve been adamant that regardless of what is supposedly required, rates are most likely headed to north of the 15% marker! It won’t happen in just a year or two, but over the next several decades.
Goldman reiterated its “buy” rating on Sibanye Stillwater. The bank sees appealing valuation coupled with strategic focus on acquiring green metal assets in developed markets and unique exposure to gold.
