first majestic silver

Here’s Why Gold And Silver Are Rallying Right Now

MBA, Market Analyst & Author @ The Mining Stock Journal
August 25, 2023

After a selloff that began in mid-July that took silver down to $22.50 and gold below $1900, the precious metals have rallied over the past week. With silver now $1.75 higher while gold is up over $30.

And in today's show, analyst Dave Kranzler looks at the reversal in the pricing and explains the factors that are driving it, and what he expects to play out going forward.

He discusses the gold premiums in the far east, the changes in the COT report, and the sentiment index, and why they suggest that the precious metals could eventually begin a significant rally similar to what we've seen in the tech sector.

He also comments on the recent trading in some of the silver stocks, that have seen wide swings, and how investors can be taking advantage of some of the moves that are likely to continue.

So for a look inside the gold and silver markets as the summer trading season comes to an end, click to watch this video now!

Arcadia Economics

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Dave Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance. He currently co-manages a precious metals and mining stock investment fund in Denver. My goal is to help people understand and analyze what is really going on in our financial system and economy. Dave publishes the The Mining Stock Journal a bi-weekly subscription newsletter that features junior mining ideas as well as relative value ideas in large cap mining stocks.

 


Due primarily to the California Gold Rush, San Francisco’s population exploded from 1,000 to 100,000 in only two years.
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