Peter Grandich: We Need this Washout for Gold to Go Higher

Investing News, Released on 11/26/20 (Recorded on 11/25/20)

It’s been another tough week for gold, with the yellow metal sinking to around US$1,810 per ounce at its lowest point during the period, a level not seen since July.

Should investors be worried? Peter Grandich of Peter Grandich & Company doesn’t think so.

“We had a near-parabolic rise earlier this year. It’s not uncommon to see a substantial correction not long after that. I think that’s what we’ve experienced,” he said.

0:00 – Intro
0:17 – Gold’s recent downward price activity
1:56 – The big picture drivers for gold
5:11 – Going all-in on gold and mining stocks
7:42 – Potential for juniors, mid-tiers, majors
10:47 – Other trends in the gold space
12:19 – Why Peter likes uranium
14:49 – When will the uranium market turn?
16:43 – Companies Peter is involved in
20:50 – Outro

Peter Grandich’s work can be found at Peter Grandich and Company and Pete Speaks.