Richard “Doc” Postma joins us for our regular monthly market recap of gold, silver, copper, the US dollar, bonds and interest rates, and expectations around the Fed’s tightening policies. It’s a discussion that looks at both the technical setups in many of these sectors as well as some of the fundamental macroeconomic drivers at work.
We start off discussing the recent bounce we’ve seen in the precious metals and related mining stocks, and while Doc sees the potential for green candle in the month of October, after 6 prior red monthly candles, he does not think this recent rally is the beginning of a new bull market in the sector. Then things turn to the mining stocks and the divergence we’ve seen in this bounce and the potential weakness still to come between the more established larger and mid-tier producers and the other earlier stage junior explorers and developers. Doc then shares the types of PM mining stocks he’ll be positioning in when he feels the sector has bottomed, and also offers some thoughts on the copper sector.
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Cory and I are attending the upcoming New Orleans Investment Conference on October 12-15. We’d love to see you there! It’s a great way to meet company management and spend some time in New Orleans. Click the link below to register and please let us know if you will be there so we can meet up.