The Daily Gold, Released on 6/28/23

Volume in junior Miners and junior exploration companies is now at a 20-year low. Share prices have plunged. Here are the causes. First, metals prices across the board are down significantly. Silver is 25% off its high while industrial metals and energy commodities are 35% and 45% off their highs respectively. Second, and this impacts everything outside of precious metals, the Fed has tightened extensively and there are major concerns about a recession and current demand. Finally, the costs of production have increased dramatically over the last few years.

0:00 Intro
0:30 Volume @ 20-year low
4:20 Top 3 Reasons
6:55 Gold AISC Up 45%

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

  gold, gold miners, gold stocks, Jordan Roy-Byrne, junior mining