For Institutions
About
Kinross Gold (TSX:K) has surged 180% over the past year and 20% in the last 3 months. The current share price of CA$38.46 reflects operational progress and a reset in risk perception. Analysts suggest the stock is 30% overvalued with a fair value of CA$38.33. Despite rising costs and regulatory delays, the P/E ratio of 19.2x is below the industry average. Investors are advised to consider other resource stocks and evaluate key risks.
Peter Schiff explains the Federal Reserve's new Treasury-buying program, likening it to quantitative easing, and its impact on gold and silver prices. Despite rate cuts, inflation pressures are rising, and gold closed above $4,300, silver surged past $60. Schiff highlights why bond yields are rising, inflation won't return to 2%, and why gold, silver, and miners are leading the market. He advises against waiting for a dip, as this week marked significant changes.
Well that was a chaotic week full of ups (mostly positive macro and dovish Fed surprises) and downs (mostly AI narrative challenges) that left us with a mixed picture across stocks and bonds, dollar down bigly, and precious metals to the moon.
Several specialists are noting a concerning blend of factors that resemble those that contributed to past financial crises.
(Updates) Shares of gold miners fall, as metal prices reverse course (GOL/) Spot gold (XAU=) falls 0.2% to $4,272.97 per ounce Prices fall as U.S. dollar edges higher against other fiat currencies, making greenback-priced metals less affordable for foreign buyers (USD/) Top miners Newmontand Barrick Mining (ABX.TO) fall 2.3% and 2% respectivelyU.S.-listed shares of South African miners Harmony Golddown 1.2% and AngloGold Ashantifalls ~3%Canadian miners Agnico Eagle Mines (AEM.TO) down 1.4% and Kinross Gold (K.TO) falls 3.5%
