Kitco News interviewed attendees of the PDAC in Toronto to ask them why they attended, their sentiment on gold, and test their knowledge of the mining industry.
Unanimously, attendees favored the precious metals and held an optimistic and bullish outlook, a big switch from the skepticism and uncertainty surrounding last year's conference.
Born between 1981 to 2000, Millennials now average 26 years of age, and comprise about 27% of the North American population. This generation is coming of age in precarious financial circumstances.
Their elders have led them poorly and allowed debt-sellers and other predatory business models to prey on the young. For a brighter future, we need to get the masses out of endless debt holes, and into some financial stability.
We must focus policies on making education, job training and shelter options more affordable as well as on increasing savings rather than increasing debt. Older folks need the younger to get on solid footing so they can help pull the economic cart and help fund the entitlement programs that boomers are banking on.
There has been a lot of talk lately about Basel III and a potential return to a gold standard. Find out what it is, and what Mike Maloney feels is happening in today's latest update.
Lakshman Achuthan of ECRI returns to Real Vision following his April 2018 appearance, where he successfully predicted a slowdown in US growth.
Achuthan looks ahead with his new forecast to analyze whether the global growth slowdown will continue, unpacking economic cycles in Asia, Europe, and the potential disconnect between economic cycles and financial markets.
Topics include: how was Anarchapulco 2019? What is happening in the crypto space? TDV picked the top and the bottom, time to buy is now? precious metals, central bank money printing, Chinese economy, global role of crypto post collapse, hyperinflation, no point in worrying, no need for fear, work on yourself, life priorities, the TDV Summit 2019 videos now available.
Sitting on solid supply and demand fundamentals, palladium may have more room to grow even with the recent run-up in prices, this according to Phil Streible, senior market strategist at RJO Futures.
“There’s no question on how high [palladium] could go because of the fact that there’s limited supply and it’s controlled by Russia and what little comes out of South Africa.
With the new regulations on catalytic converters and fighting pollution, there’s a true demand for palladium,” Streible told Kitco News.
Craig Hemke tells Silver Doctors the recent pullback in gold and silver was a result of being overbought. Hemke expects a rally with the FOMC meeting Wednesday.
The $1360 level for gold is a key resistance level. Some catalyst, such as further easing from central banks will be necessary to launch gold past that level.
Hemke explains how the price setting of gold is different from the price setting of stocks. He argues it does not reflect physical supply and demand fundamentals.
Hemke comments on the historic rise in palladium prices and makes the case the rise is due to physical demand.
The U.S. economy is slowing. Hemke says the economy cannot handle the higher interest rates.
The mining space will not be facing a major bull rally, or “feast” soon, but an inflection point is coming for gold, said John Kaiser of Kaiser Research Online.
“I think we are in the middle of a turning point, the beginning of what will be a revival of interest in the junior resource sector, and there’s not going to be any glorious trigger.
I do think that gold is going to develop a subtle uptrend and the key inflection will be when it goes through that 2016 high of $1,370 or thereabouts,” Kaiser told Kitco News on the sidelines of the Metals Investor Forum in Toronto.
Increasing the minimum wages does not help the people, it might look like it does in the short run but in the long run they are exactly back to where they started or out of work.
The real problem lays with the economic system that we are in. Trump and the Patriots now have control over the Fed, the Fed is going to be in a holding pattern and talking about maybe increasing the rates in the 3rd quarter.