Gold expert predicts that only those with silver will remain calm, implying a disparity in the investment market.
In the world of precious metals, there has been a slight profit-taking move in gold and silver due to the expected interest rate cut by the Federal Reserve. This cut, however, was a "buy the rumor, sell the fact" event, as indicated by gold expert Markus Bußler.
Despite this temporary dip, Bußler states that there are no signs yet that gold and silver will enter a correction. He further suggests that there is little to suggest that gold, silver, and mining stocks won't see higher prices, even with a potential significant pullback.
The question of when investors should take profits during the gold and silver rally is a topic of discussion. Bußler, through his weekly assessment on the Gold Telegram, offers insights on this matter. The Gold Telegram, by the way, offers a free and non-binding subscription for staying up-to-date with gold, silver, and mining stocks.
Meanwhile, the company Americas Gold & Silver has hired Paul Huet as its CEO. Americas Gold & Silver is currently working on expanding the Galena mine in Idaho. Another stock mentioned in the context is Avino Gold & Silver. Perpetua Resources is another company that has been highlighted.
The interest rate cut was anticipated by gold and silver, as evidenced by their price movements. However, the question of why KGHM, a significant player in the mining industry, plays hardly any role in the videos and why the stock isn't tracking the silver price is raised. KGHM, it seems, pays hardly any attention to fluctuations in the gold and silver prices.
In other news, the Coffee project, which was originally developed by Kaminak, has been inactive for almost ten years before being sold by Newmont to Fuerte Metals. Newmont, the world's largest gold producer, made this move in the Yukon.
A breather for gold, silver, and mining stocks may be deserved, but a more prolonged consolidation has not been reliably signaled, according to Bußler. Larger losses among some junior mining stocks in recent days are an indication of this market volatility.
Lastly, for those interested in the ISIN for gold, it is XC0009655157. It's always a good idea to stay informed about the latest developments in the gold and silver market.
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