John Rubino joins me today to discuss his outlook on the precious metals sector, with gold breaking out above $2100, silver having a nice move higher, and a number of precious metal stocks starting to pop. We start off looking at a number of potential macroeconomic and geopolitical catalysts potentially playing into the recent price appreciation in gold, and get John’s thoughts on if this is the breakout in the PMs we’ve been waiting for?
With regards to the producers we discuss the improving margins as metals prices move up, as well as the optionality on many of the junior developers and explorers, now that sentiment may be getting a lift higher. John mentions when building one’s portfolios at this time to focus on accumulating the quality royalty companies and producers first, before moving down the risk curve into the more speculative juniors, but even then to focus on the quality names in the sector over unproven riskier propositions.
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