Why Gold & Silver Miners Will Now Outperform Metals
Although gold and silver mining stocks have been soggy performers, there are many reasons to believe that is about to change in a significant way.
Although gold and silver mining stocks have been soggy performers, there are many reasons to believe that is about to change in a significant way.
Expert analysis suggests geopolitical turmoil is the primary driver of gold's current high valuation and consolidation, with global conflicts and the sovereign debt crisis.
Indonesia will impose a new gold export duty by late next year, aiming to boost local refining and processing. The announcement sent gold-related stocks sharply lower.
Bart Melek said, "the government is opening up in the US and the market is anticipating the release of economic data, which is likely to show that the American economy has weakened."
Silver's reclassification as a critical geopolitical resource by the US and China is driving a supply crisis, pushing it toward $\$100$ per ounce.
Technical strategist Chris Vermeulen forecasts gold will hit $5,100 by year-end, driven by a financial reset and stock market collapse fear.
The Isulu-Bushiangala underground project will need about 337 acres of mostly private land and could displace nearly 800 households, its environmental impact assessment warns.
The current precious metals correction, including silver's recent 16% decline, is a healthy necessity after an overbought market. Patience is key before the next major rally.
The United States has expanded its official list of critical minerals to include copper, silver, uranium and more
Morgan Stanley’s CIO suggests a new 60/20/20 strategy - adding 20% gold to strengthen portfolios against inflation and market volatility for today’s investors and savers.