As we close out the month of October, it’s been a tough year so far for precious metals investors. But are trends starting to change? Host Craig Hemke sits down with Tavi Costa of Crescat Capital to break down all the gold and silver news you need to read the positive signs coming out of the mining industry.
In this edition of The Monthly Wrap-Up, you’ll hear:
- Could silver pick up a bid as an industrial metal the way copper has?
- What’s holding gold back right now
- Plus: Will the FOMC meeting be a “Buy the News” event?
“I do think some things are starting to change here. Finally, we’ve started to see the sentiment really get to an extreme on the bearish side. Some folks saying that the gold trade is dead, the precious metals trade is being replaced by other assets, when actually what we’re seeing is quite normal. Gold, as it reaches new highs—and it did in August of 2020, and it did as well in January of 2008, and even in 1978 as well—all those times when we hit those levels, we usually see some weakness.”
To hear Tavi’s full thoughts on the month’s gold and silver news, listen here: