Robert Sinn – Reviewing The Recent Rule Symposium, And The Copper, Gold, and Silver Resource Markets

Robert Sinn, (aka Goldfinger on and publisher of Goldfinger Capital on YouTube, joins us to share his key takeaways from the Rick Rule Symposium in Boca Raton, FL last week, as well as thoughts on the copper and precious metals sector.  


At the Rule Symposium, Robert Friedland, the Founder and Executive Co-Chairman of Ivanhoe Mines (IVN), discussed the supply demand factors for the copper sector, in light of the electrification and electric vehicle narratives.  He also mentioned that now that the Fed is nearing the end of their rate hiking cycle, that he expects a very constructive environment for commodities and resource stocks over the next decade. This led to a discussion with Robert about why we’ve not seen more traction in the junior copper resource stocks, in light of the overall consensus about how important bringing on more supply of the red metal is so critical.


This also tied into a similar disconnect in the valuation of precious metals stocks, in light of the higher levels where both gold and silver have been trading for some time now.   We reviewed how inflation has crimped margins and spiked the capital costs needed to bring new mines into production, but doesn’t quite explain away the vast disconnect in valuations today compared to when metals prices and margins were lower than they are in today’s environment.  Whether it is because other speculative sectors are taking some of the shine off gold, or if we just need to see a big breakout that gets more investors attention, Robert makes the point that the PMs have held up quite well considering everything we’ve seen on the macroeconomic radar the last few years.  He provides some technical pricing levels for investors to keep their eyes on.


Goldfinger goes on to note that being a contrarian in this space, and acquiring quality teams and projects when they are least coveted can lead to outsized returns when the sentiment does turn again in the sector.  He wraps up discussing the importance of position sizing and time horizons, and that investors should develop their own unique strategy around these and their own risk tolerance parameters.





    Jul 31, 2023 31:16 PM

    The cryptocurrency market was a huge monetary diversion because many investors saw it as an alternative to The US dollar and gold. Speculation in the clippers was clearly absorbing more and more surplus funds of the country which could have gone into the markets. Speculators were ready to pay any amount of money as long as prices kept on climbing. Many of the believers in the clippers had never experienced a market smash, about 6 months ago they got taught a lesson when 2.3 trillion $’s disappeared overnight in the clipper market. This was a lesson learned but also a painful reminder of how dangerous speculation is and would definitely have scared off a lot of the investing public. But investors memories are short lived, and I expect to see a sizable rally in August starting tomorrow. DT

    Jul 31, 2023 31:37 PM

    Don’t overlook the paper price setting fraud and corruption. There is way too much trying to adapt for it rather than eliminate it.

    Jul 31, 2023 31:16 PM

    A reporter asked Gretzky, What’s on your mind when you step onto the ice?
    Gretzky said, I’m thinking about that puck, I really want that puck. That puck is mine. All you other guys go find your own puck.

    Jul 31, 2023 31:42 PM

    I had to stop watching the above video. The problem with the miners is very simple. The inflation-adjusted price of gold is much lower today than it was at the 2011 peak. The senior gold miners in general are in fact on a much better financial footing today than they were 10-15 years ago.
    The rest of this year is likely to be very good for the whole sector but especially for all things silver and speculative. I.e., silver will beat gold, silver miners will beat gold miners and junior miners will beat senior miners.
    This week is important. The miners need to get busy and are off to a good start.

    Aug 01, 2023 01:21 AM

    Silver is on the verge of a huge breakout and take a look at the golden ratio action pertaining to the 4 most important lows of the last 21+ years:

    Aug 01, 2023 01:50 AM

    In 2020 and based on monthly closes, the silver-gold ratio bottomed almost 30% below the major lows of 2003 and 2008. Those lows of 15 and 20 years ago represent nearby resistance today but I doubt it will last the week let alone through August. This pending breakout will be a big deal so don’t be surprised if silver and the riskier miners fly when it happens.

    Aug 01, 2023 01:35 AM

    Day after operning Green: Opened Red. Will it cancel yesteerday … again.

      Aug 01, 2023 01:54 AM

      Yesterday’s gains wiped out in less than 30 minutes. General Markets have had only one down day in 3 weeks. Lacy Hunt says recession starts in January. Best consider it.

    Aug 01, 2023 01:52 AM

    dollar DXY day…macd is below zero line…this bounce is counter trend….it should however smack into104ish and give it up…needs a few days yet to top…glta

    Aug 01, 2023 01:17 AM

    SilverCrest- SILV – added @ $4.72, $4.63

      Aug 01, 2023 01:24 PM

      SilverCrest – SILV- added again @ $.09 increments @ $4.54, @ $4.45. I’m done there. SilverCrest reports after the close on 8/09, and a conference call on 8/10. Guidance going forward showed on their latest mine report diminishing some 18%, but they have no debt, a strong balance sheet and both Au and Ag priced modestly. Their next 18 months their AISC are $13.50 and beyond 2024 it reduces to ~ $12AgEq while producing ~ 10 million AgEq / year into the 2030’s