John Rubino – Fundamental Strength In Gold Presents A Compelling Catch-Up Trade In The Junior Precious Metals Stocks
John Rubino, [Substack https://rubino.substack.com/ ], joins us to break down the fundamental reasons why gold has been continuing to break higher thus far in 2025, and why he expects to see silver, and the junior gold and silver stocks have a compelling catch-up trade.
We start off discussing some of the potential implications of the policies from the new incoming Trump administration, and what it means for inflation, the deficit, consumer spending, tariffs, and global trade. We also look at how the uncertainty around tariffs, debt, and inflation may play into Fed policy, interest rates, the US dollar, and other global fiat currencies. There are a mix of elements factoring into the further buying of gold by both central banks and global citizens in the current macroeconomic environment.
Next we shift over to the gold equities, and how some of the larger producers have started to have a solid response and moves higher reflecting the higher underlying precious metals prices, and how this will attract more momentum buyers or those generalists filtering for earnings and revenue growth. However, we’re just starting to enter the phase where the junior gold developers and explorers may start receiving more volume and a bid in the market.
Wrapping up we shift over to the performance of the silver price, the associated fundamental drivers, and the silver stocks. John expects to see the gold:silver ratio up near 90 bring in more buying interest in both silver and the related equities, and he expects this cycle will be no different than past cycles where silver and the silver stocks eventually outperform gold and the gold equities respectively. John outlines why he likes both pure play silver stocks, as well as precious metals stocks with a nice balance of gold and silver; throwing in exposure to copper as another potential commodity that some companies are adding into their asset mix and project portfolios.
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Click here to visit John’s Substack to keep up to date on his market and economic commentary.
Silver Positioned for Outperformance
Paul Harris – Kitco Mining – Feb 13, 2025
“Can gold hit $3,000 this year? Why is silver poised to outperform gold? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Randy Smallwood, President and CEO of Wheaton Precious Metals at the Future Minerals Forum in Riyadh. They discuss the mining industry and Wheaton’s strategic approach to investments. Smallwood shares his insights on the increasing interest in responsible resource extraction in the Middle East, Wheaton’s investment strategy, and the company’s impressive growth trajectory with new projects in Africa and elsewhere. He also discusses the outlook for precious metals, particularly gold and silver, and explains why Wheaton prefers to maintain a simple, profitable business model focused on precious metals production.”
https://www.tradingview.com/x/lKqACFuh/
WPM : Bearish Expander Forming?
https://www.tradingview.com/x/SI5hcwWn/
Barrick Gold : Continuation Needed
Still seeing the silver laggards lagging despite silver price
Copper flying again. Magna Emerita and Osisko Mining. All looking good.
Re: TA guests for stocks. I guess I don’t count Steve Penny Ex cuz I check his free weekly updates and get his charts there but yes he’s a good example…and I saw you ask Doc to make an appearance again. Appreciate it. Cheers.
Thanks Wolfster. Yeah, I still count Steve Penny as a technician that we have on the show (but yes, I do recommend following his work over at SilverChartist in addition), as well as TG Watkins, Joel Elconin, Jordan Roy-Byrne, Rick Bensignor, and we just had one of our own BDC on the show earlier this week. Often times Dave Erfle and Craig Hemke will talk technicals with us as well.
We even did video segments with Steve Penny, TG Watkins, and BDC just so people could follow along with the charts, so we have plenty of T.A. commentary on the show, but are always open for more. Yes, it would be nice to get Doc back on soon for his technical outlook.
Quality Silver Stocks Have Been Performing – Now It Is Time For The Optionality Plays
Excelsior Prosperity w/ Shad Marquitz (02-14-2025)
https://excelsiorprosperity.substack.com/p/quality-silver-stocks-have-been-performing
BTW…. Silver futures are back over $34 today.
Gold is looking like it is set to close at another all-time weekly high… currently around $2960.
Still it seems like nobody cares…
When are people going to break out the bubbly and put on the party hats?
Or when will it finally reach cow pastures mania in PM’s???? Still no sign of people moving down the food chain cuz of the top ones even being undervalued with present PM prices let alone for any blowoff top in PM’s
The problem is that your mind is conveniently skipping over the real issues that we all face, The US and Canada and much of the rest of The World are broke, and The Donald is attacking his neighbors and friends with tariffs, nobody can party in this atmosphere. Once you turn on your friends that leaves you isolated with your family and eventually that too will be under attack, because nobody can function in an atmosphere of fear and mistrust. DT
For 80 years The US has been funding one war after another the list goes on and on. Then they print trillions of dollars to fund those wars and give away their industry and now they are so far down the rabbit hole that they turn around and attack their friends and neighbors. This must be someone else’s fault surely, we couldn’t be wrong, but you are and just like most people these days you blame others instead of looking at yourself. This is the final act of stupidity that will witness their demise. DT
Yes, it has been sad to see the trajectory of US international policy for the last century…
It’s not just about the trajectory of US international policy for the last century it is also about your domestic policies.
The scandals in Washington, who loaned Biden the money, corruption on Wall Street, your immigration policies, The Veterans Bureau, the CDC, propaganda and counter propaganda, the illegal drug problem and the gangs, the rise of AI destroying civil liberties, the death of the middle class from excessive money printing, welfare and circuses for the disenfranchised, neglect of your inner cities and your countries infrastructure, the control of the mainstream media, it just never stops and the list is much longer and bigger than this. DT
It looks like gold and silver got whacked today and gold is back down to $2900, and silver is back down to $32.80.
Still good prices, but the market action this morning has thrown a wet blanket (once again) on any excitement in overseas trading progress the pricing running higher.
I agree DT.
Few if any will trust the U.S., I’m surprised Putin is doing a deal with Trump.
It is behind closed doors and the deal may simply be a complete surrender.
The world sees the U.S. is supporting a genocide and they see Trump supporting it as well so his true character is on display.
The action Musk is taking looks good to some people and people can say the Trump team is moving in the right direction.
Feb 14 US Economy ‘Breaking Into 1,000 Pieces’ as BRICS Smells Blood: Bob Moriarty YT @321 gold
Bob explains what actually has to be done which most on this site already know.
There is a chance that the american accumilation of gold does mean somebody understands what has to be done.
We can only hope that is the case.
Hi SF, everyone else can see what has been happening except for the perpetrator, it’s like a marriage where one person cheats on the other and everyone can see what is happening except for the jilted spouse who pretends that it doesn’t exist because they know when they face reality it is all over and reality won’t be denied. DT
The enemy of USA is the swamp. Trump has put a target on its back. Tariffs invite negotiation for reciprocal trade deals. If America fails, the world fails…
COMEX Flows: Is the Gold Case Almost Too Obvious?
Matthew Piepenburg – VonGreyerz – February 9, 2025
“For years, we’ve been warning of gold’s critical role as a buffer against increasingly obvious currency risk, banking risk, geopolitical risk and market risk.”
“And for years, we’ve been warning about the precious metal price fix in the COMEX, the hidden risks of holding physical gold in a commercial bank, and the now irrevocable de-dollarization trend away from an indebted UST and weaponized greenback.”
“With each passing day, these risks and forces are rising, so much so that the case for gold has become almost too obvious…”
“Since the November Trump Victory, over 400 Metric tons of physical gold has left London for the NY COMEX warehouses. This has resulted in a 75% increase of the COMEX gold stockpile (29.8M ounces, or 926 tons).”
“The headlines partially ascribe the massive gold flow to fears of future tariffs on gold imports. They point as well to a potential arbitrage play between the UK gold spot price and the NY-based futures price (London is known for making the physical gold spot price; NY is known for the futures contracts).”
https://vongreyerz.gold/comex-flows-is-the-gold-case-almost-too-obvious