PDAC says 23,819 people attended this year’s conference. It’s an impressive number after a modest show last year and a missed show in 2021. And you might think such strong attendance suggested good investor interest in the mining space.
But the newsletter writer session, which is arguably the best place in a sprawling conference to gauge retail investor interest, looked different.
Click the following link to read Conference Thoughts: Dealing for Size, Supplies & Staying Power.
We can’t conserve away from fossil fuels so we need to produce power without oil and gas. Click the following link to read The Future of Power.
Click here to read The Mining Life Cycle, an excerpt from The Great Silver Bull.
A chart caught my eye last week about Molybdenum, which is primarily used in stainless steel.
Click the image above or the following link to read Woah Molybdenum!
A reader asks for guidelines on how to understand risk and time frames with miners. Click the following link to read Mailbox Q&A.
I was very excited about uranium a year ago. The entry of Sprott Physical Uranium Trust (SPUT) into the market had put the spot price into a steady climb. Then Russia’s invasion of Ukraine added all kinds of supply risks the market.
I had positioned for that excitement in the fall by adding a slew of uranium stocks to the portfolio. Those stocks did not do well in 2022. With inflation, rate hikes, and recession dominating the headlines, the overall stock market slid and took uranium with it. After all, uranium is a growth story – energy always is – and growth was not at the fore.
Click the following link to read Uranium: Sector Outlook & Portfolio Refresh.
Every year, The Silver Institute publishes its annual World Silver Survey in April. But in November, that’s followed by a mid-year review which updates the forecast for that calendar year. A couple of weeks back, the Interim Review was presented for 2022, and it’s a whopper.
Click the image above or following link to read Silver Institute’s Interim Silver Market Review.
Stocks have been on a run. The S&P 500 is up 14% from its June low; the NASDAQ 100 is up about 20%.
Yet sentiment is dismal. Google searches for ‘recession’ are through the roof. The yield curve is more inverted than it’s been for 20 years, even after improving a bit today. And Fed officials keep reinforcing their message that they are nowhere close to finished hiking, stock market rallies be damned.
So what’s going on?
Click the following link to read my thoughts about The Fed v The Market (I’m betting on the Fed)
Metals have had a crazy week. Last week it wasn’t clear if gold would hold above US$1620 per oz. Today it closed at US$1709 per oz. Silver gained even more, percentage-wise, over the week, rising from US$18.83 per oz. on Nov 3 to US$21.20 today.
Click the image above or the following link to read Metals: A Good & Heartening (If Unsustainable) Week.
