The Trump Trade hits the Mining Sector Today: Market Analysis with David Erfle
Gold and silver prices are on the rise, with gold reaching an all-time high close. The upcoming Fed meeting on July 31st could lead to a further increase in gold prices. Silver needs to pick up the pace to keep up with gold.
The Trump trade is influencing the market, with stocks like Trilogy seeing significant gains. A Republican presidency could speed up the permit process for American mining projects. Q2 financials for gold mining companies are expected to be strong, with Newmont and Agnico Eagle anticipated to announce blowout profits. Diversification and strategic investments are becoming more common in the mining sector.
While the financing window is opening up, investors still need to be selective in their stock picks.