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Gold finished the first two trading weeks in September with one of its best runs in a long time. It’s also one of the best-performing assets of 2017 so far. Jim digs deeper into the fundamental and technical indicators that will drive precious metals in the months ahead. Then Bryon runs down the open portfolio, sharing his field notes from his latest trip to a remote mining project.
Markets have been tough on precious metals and mining shares in recent weeks. Many names in our Gold Speculator portfolio have sold off and drifted downward, entirely for negative sector sentiment. The decline is certainly not due to anything amiss with our ongoing M.I.D.A.S scrutiny of the companies involved. For now, here are our thoughts on our open positions…
Byron recently spoke with Amir Adnani, founder and CEO of GoldMining Inc. They discussed different growth models in the gold-mining business. Byron then outlines four different models that can be used to deliver shareholder value and profits.
The Fed will not let stock markets or inflation drop too far. If that happens, the Fed will act to ease financial conditions by pausing rate hikes or cutting rates, if necessary. When the Fed eases, gold rallies.
As we look to the future of the mining industry, one technological revolution will be artificial intelligence, or AI. As companies develop digital technologies, the result will be fewer workers doing the hazardous work in mines. This week, Byron gives an overview of AI and how it applies to metals and mining. He also gives two plays that are well positioned to benefit from the recent spike in palladium in global markets.
After a bump of 42% on news of this takeover, it’s time to book gains for a total of 65%. Congratulations!
