Brien Lundin, Editor of the Gold Newsletter, joins us to share his thoughts on the recent trends of higher commodities and precious metals prices, even in the face of rising interest rates, the Fed starting it’s tightening cycle, higher inflation metrics, and the higher US Dollar. Brien points out that many of these financial data points, so often used by main stream financial media as reasons to steer clear of gold, have actually had either a neutral or even constructive result in precious metals prices. We discussed that monetary and fiscal issues are going to regain dominance as the primary driver of the precious metals sector, as interest rates approach levels that make the cost of funding federal debt mathematically unpayable.
Next we shift over to silver and the silver stocks, which have not performed as well as gold and the gold stocks since the PM corrective move started in August of 2020. Brien points out that silver and the silver stocks tend to lag the moves in gold at first, but then end up outperforming the yellow metal and gold stocks as the bull market in precious metals picks up steam.
We wrap with a review of a few mining stocks that Brien likes at present and where he’s see the growth opportunity: Valore Metals (TSX.V: VO); Libero Copper (TSX.V: LBC); Goldshore Resources (TSX.V: GSHR); Anacortes Mining (TSX.V: XYZ).