Author: Peter Krauth

Endgame Or Early Innings: Where Are We in This Gold and Silver Bull Market?

If you haven’t met our senior analyst Ted Butler, he actually withdrew from his master’s in finance degree, after becoming disillusioned by the status quo of 60/40 portfolios and the omission of gold and silver from the curriculum. He’s one sharp cookie, and he just completed some research on the question on everyone’s mind: is the top in for gold and silver mining stocks? -Jeff Clark

-Ted Butler, Senior Analyst

Gold is on track for its best annual performance since 1979, silver has skyrocketed to $48 for the third time since 1980, and the junior mining stocks—as measured by GDXJ and SILJ—are up some 130% year to date.

Naturally, you’d be forgiven for thinking that this bull market is approaching its “endgame” – the so-called mania phase where irrational exuberance runs high and objective analysis takes a back seat.

In doing so, you’d be quite mistaken. That’s because mining stocks still have plenty of room to run relative to historical cycles, especially as many of them are rocking record-high free cash flows and profit margins to boot.

At the same time, we are by no means at the “bargain basement” prices from earlier this year. Arguably, that train

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Silver Set To Skyrocket As Fed Fails Inflation Fight

Ted Butler, Senior Analyst, Silver Advisor

I’ve come to know the silver market like the back of my hand, thanks to 3 years of writing the annual silver chapter for the In Gold We Trust report – a 400-page treasure trove of world-class precious metals research.

Now in my new role as Senior Analyst at Silver Advisor, I’m delighted to have the opportunity to share with you the No.1 silver price catalyst I’m watching in Q3: The potential dawn of a Federal Reserve rate-cutting cycle.

Silver Set To Skyrocket As Fed Fails Inflation Fight

Fed Chair, Jerome Powell, is a Steady Eddie – one of those old-school “company man” types whose first words as a baby were more than likely “inflation is transitory” instead of the conventional “mama” or “dada”.

As a Brit, his lack of charisma reminds me of our former Prime Minister, Theresa May, who famously made herself into a meme after confessing the naughtiest thing she ever did was “running through fields of wheat”.

Unfortunately, though, there is nowhere left to run at present for our rockstar Fed Chair, who finds himself stuck between a rock and a hard place as the September FOMC meeting draws

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