Robert Sinn’s Post

With gold prices consolidating, is it time for investors to start paying closer attention to silver? Gold has been consolidating at recent highs, partly due to geopolitical worries and Chinese buying, though prices have fallen back a little in recent weeks. Enthusiasts have started talking about a new gold cycle, with prices of $6,000 a possibility, although most observers have more modest targets, probably in the $2,500 to $3,000 range. Two months ago, gold hit an all-time high, yet the giant gold miner, Newmont Mining, along with most of the major gold producers, hit a 4-year low. Ian Williams, Manager of WS Charteris Gold and Precious Metals Fund, thinks the gap between the current gold price and gold mining equity valuations has 'opened up a huge arbitrage-type profit opportunity’ and suggests, ‘silver is the absolute pick for investors wishing to make huge amounts of money, if this Bull market does develop into the real deal'. Charlie Morris, Founder of ByteTree, Fund Manager and long-time precious metals observer, agrees: ‘The bulls, like me, see $50 within sight. Silver managed to do that in 1980 when the Bunker Hunt Brothers cornered the market. Silver retested $50 in 2011. Surely third time lucky?’ Is now the time to add silver to your portfolio? #Gold #Silver #PreciousMetals #Commodities #GoldMining #Equities

Recently Gold broke $2,400 a Troy Ounce, an all-time high, and I would be incredibly surprised if it did not go a lot, lot higher. India and China are going on the most aggressive gold buying spree in history. Why? It has to do with the BRICS (Brazil, Russia, India, China and South Africa) coalition's effort to supplant the American dollar as the world's reserve currency, with their own currency, backed, in part, at least, with gold.  To truly correspond with the world's money supply would require gold prices to increase ten-fold, at least.  There will most likely a great increase of new prospectors in the very near future. If you plan to join them your odds are best in areas where gold has been found historically. The book lists locations in 47 states, where natural gold has been found, along with prospecting techniques and how and where to file mining claims. https://lnkd.in/gVkWUcx5

Gold and silver miners continue to shine benefiting from the recent rally in precious metals prices.  The price of #gold has risen 2.5% this week alone, taking it back above the $2,000 an ounce mark, currently trading at $2,038.73/ounce, while the price of silver has enjoyed an even better week, up 5.7%.  The share prices in gold miner Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) is up a further 3.1% today, taking gains in the past month to more than 10%, while gold and silver miner, FRESNILLO PLC PLC (LSE:FRES), has jumped 5.8% today, and 6.7% in the past month.  GREATLAND GOLD PLC PLC (AIM:GGP, OTC:GRLGF) is another stock to benefit, rising 5.7% today, and a bumper 26% in the past month.  Susannah Streeter, head of money and markets, Hargreaves Lansdown explains the price has gold has been helped by the dip in the dollar as interest rate cuts are eyed on the horizon.   More at #Proactive #ProactiveInvestors #LSE #TSX #OTCQX #EDV #EDVMF http://ow.ly/1c4b105454f

On this episode of Commodity Culture, John Feneck points out that we don't need a higher gold price for gold miners to generate strong cash flows and now that the majors have woken up, the developers and explorers are next in line to benefit. https://lnkd.in/g3nyiirf #gold #goldmining #goldstocks

Get expert gold market insights in the 60+ pages of quick-reference charts : https://bit.ly/3uocl9u Does the Mixture of Geopolitical Tensions and Structural Inflation Drivers Lead to a New Wave of Inflation — One That Again Escapes Everyone's Radar? — p.51 of the Gold Chartbook (published by Ximen Mining partners, In Gold We Trust). #XimenMiningCorp #InGoldWeTrust #Gold #GoldStocks #GoldPrice #GoldInvestment #InvestInGold #PreciousMetals #Inflation #GoldBullion

🥇 GOLD OUTLOOK: Glory to be Gold - Download our 2024 report today: https://lnkd.in/eQqaZvUq #Gold had been hovering just short of US$2,000 per ounce for around three years leading into 2024, breaching that ceiling three times for extended periods – August 2020, March 2022, and across April-May last year – but each time failing to hang onto its gains. But for the first time, gold punched through US$2,000/oz in late 2023 and retained that four-figure value, despite losing some ground over January.  This report will investigate the drivers for gold in 2024 and the likelihood of its long-awaited bull run. We will also be reviewing the global gold space for the #miners best placed to take advantage; the development companies positioning themselves to enter production at the onset of higher prices; and the #explorers with the projects worthy of most #investor attention when the market falls back in love with gold. 🔗 Find out more and get your report today: https://lnkd.in/eQqaZvUq #MiningJournal #Aspermont MiningNews.net

MINING Charted: The Value Gap Between the Gold Price and Gold Miners

Check this out, folks! 🌍✨ 2023 was a shiny year for gold, and this cool chart shows who dug up the most bling! China's at the top with a whopping 370 tonnes – that's like, a lot of gold bars! 💰 Australia and Russia aren't far behind, each mining enough gold to fill a treasure chest. Countries like Canada and the USA also made some serious moves in the gold world. What's really wild is the "Rest of World" section, which together out-mined any single country with 700 tonnes. This chart's a golden snapshot of where all that glittery stuff is coming from! 🏆🥇 #GoldRush #EconomyTrends #ShinyStats

Could buying gold put a shine on your portfolio? Our Co-CIO, Thomas Becket argues that gold has a place in any balanced portfolio and how, in a year of significant volatility, gold held its own in 2023, in an article for The Times by David Brenchley. According to Tom, gold bullion is the way to play the theme in contrast to gold mining that has been a terrible performer in recent years. https://ow.ly/7t0J50Qs3j3 Investment involves risk, and you may not get back what you invest. It’s not suitable for everyone. #markets #investing #gold

Watch out for one or more of these characteristics of gold scams: 1. An over-representation of the amount of gold found within a mine. 2. "Bring it to our refinery and we will pay you double the price." 3. I have shares in that refinery. 4.Over-estimated claims of the share price of gold mining companies, or speculative claims about the value of a mine based on its proximity to a proven reserve. 5.High-end brochures, a slick website, or pictures used to demonstrate a mine or an investment’s value, with little other evidence provided. Fraudsters may allude to so-called “specialty” markets that only they can access. 6.A plan to recover sunken gold from the ocean floor or buried treasure from a secret location. 7.Under the guise of buying gold, investors pay a fee and are paid to recruit others who pay a fee. REAL GOLD BUYERS GO TO THE MINES REAL GOLD SELLERS ARE NOT IN A HURRY TO SELL. #GOLD #GOLDSCAMS #BEWARNED