18 min listen
Sorry Gold Bugs, Gold and Silver Prices Could Face a ‘Particularly Tough 2023,’ Here’s Why
Sorry Gold Bugs, Gold and Silver Prices Could Face a ‘Particularly Tough 2023,’ Here’s Why
ratings:
Length:
17 minutes
Released:
Nov 21, 2022
Format:
Podcast episode
Description
"Gold and silver have outperformed equities," and we have to be happy with their performance thus far outside of the U.S. dollar, claims Philip Newman, managing director and founding partner for precious metals consultancy Metals Focus. Philip contends that October's inflation numbers cause the Fed to reconsider its aggressive strategy, sparking greater interest in the precious metals market. He says, "the market thinks the Fed will perhaps take a slower pace of rate increases, will we start to see some [investors] move back in? I think it is possible." Philip also asserts that the precious metals sector doesn't offer a viable safe haven for investors, despite a recent rally in the space. He says, "Gold and silver may struggle to hold onto some of these gains." Philip concludes, "It's difficult to read too much into one reading... [Yields moving higher] will be the ultimate headwind for gold and silver."
Released:
Nov 21, 2022
Format:
Podcast episode
Titles in the series (100)
It’s Getting Ugly Everywhere in the Markets; Looking for Recapitulation Says Brent Cook: It's ugly everywhere for the miners, "and I'm looking for a recapitulation later this year," says Brent Cook, Founder and Senior Advisor of Exploration Insights. He tells our Daniela Cambone that, "whatever happens to the majors mining market happens... by The Daniela Cambone Show