1. The sell-off in the precious metals sector has nothing to do with Trump's victory; 2. The current sell-off is due to the sector being technically overbought after a significant move higher; 3. Comex banks were shorting gold and silver contracts to satisfy the demand of momentum-chasing hedge funds and CTAs.
Recent #Precious Metals news in the semiconductor industry
1. Silver is currently undervalued compared to historical peaks; 2. The BRICS summit and potential de-dollarization are driving up gold and silver prices; 3. Silver's rally is not over despite risks like higher interest rates and economic slowdowns.
1. Silver is expected to experience a significant breakout, potentially reaching $40 within the next year due to strong technical and fundamental factors. 2. Key drivers include a 215 million ounce supply/demand deficit, increased precious metals holdings by Russia, and massive silver demand from China and India. 3. Investor interest in silver as a 'poor man's gold' could surge, driving prices higher and benefiting primary and junior silver mining stocks.
1. Royal Gold is experiencing growth due to high precious metals prices and expanding royalty interests. 2. The stock is undervalued compared to peers and has potential for significant upside. 3. The company's acquisition of additional royalties and strong financial performance support a bullish outlook.