The latest gold and silver price forecast report released by Mitsubishi Materials Corporation- one of the world’s largest materials companies warns that the sell-off in gold is likely to continue amid expectations surrounding a possible US interest rate hike. Meantime, spot Silver prices could drop to as low as $10 per Oz, hitting multi-year lows.
Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation.
Are you ready for the next Cold War? Casey Research energy strategist Marin Katusa cautions that Russia and China have forged an alliance with the goal of world supremacy through control of the energy market, and Vladimir Putin is winning