The KE Report, Released on 12/9/24

John Rubino joins us to discuss the recent break higher in both gold and silver, the contrasting moves within the #preciousmetals mining stocks versus juniors, looking ahead to Q4 earnings, the improving margins in the gold and silver producers, and the macroeconomic trends behind inflation. We start off discussing China buying more gold as they stimulate their economy, the geopolitics factors like conflict in Syria, and parts of Europe, and how this is bringing in a steady amount of safe haven buying. There are a number of factors underlying the robust gold and silver metals prices, and it was encouraging to see silver catching up and rallying in a bigger way to kick off this week. Next we shift over to the PM mining stocks, noting the cost creep this year eating into some of the gains in the underlying metals from a margins perspective, but that over the last 3 quarters many producers did finally start seeing margin expansion and share price appreciation. Looking ahead to Q4 earnings, we may finally see some upside surprises as costs have moderated. This leads into a larger discussion on labor costs as a key driver of inflation both in the mining sector and across the broad economy.

John Rubino is the founder of the popular financial website DollarCollapse.com which he sold in 2022. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. His latest work can be found at https://rubino.substack.com.

  economy, geopolitics, gold, inflation, investing, precious metals, silver