PI Financial mining analyst Christos Doulis says six years ago when the financial crisis was in full swing, safe-haven buying made gold skyrocket. Today, the fear component is down, as is the price of gold.
Christos Doulis travels the world for Stonecap Securities looking for mining companies that can contain costs; companies that can't contain costs because of rising labor and energy bills are not profiting from higher gold prices.
It seems fitting that Texas is about to become home to the second largest primary silver mine in the US. And it’s being accomplished in a manner befitting Texas’ long tradition of rags-to-riches entrepreneurial success stories.