Blog

I believe we are in the early stages of a significant bull market for precious metals, namely gold & silver, and the precious metals equities. The previous bull market for gold and silver (and the equities) was roughly from September 2008 - September 2011.

As highlighted in my previous blog post here, I believe we could see a short term bottom in the cannabis sector near this year's tax-loss selling deadline of December 27th.

Tax loss selling is a proven strategy used by investors to reduce their tax bill. It can be employed at any time during the calendar year up until the tax loss selling deadline (December 27th this year). Though this is the case, most investors wait closer to the deadline to crystallize their losses.

Over the last six years, the mining sector has had glimmers of hope. There have been too few successes to cheer about, although there have been a couple darlings in the space. One in particular that stands out is SilverCrest Metals (TSX:SIL).  

In this issue of the Mining Sector Update, PI Financial's mining analysts answer the questions:

With silver now trading north of US$ 19 / oz, hitting multi-year highs, what that does this mean for the silver equities? Will silver continue to outperform gold?

What are the new price targets for precious metals equities using silver at US$ 19 / oz? Find out what PI Financial's mining analysts think in this mining sector update.

With what appears to be a new bull market for gold and other precious metals, I am having more conversations with clients and other investors as to how they should be invested in the sector. 

Interest rates around the world are trending towards or are now at record lows. This applies to GICs (guaranteed investment certificate) too. Just to give you an example of how much rates have declined; in the 1980's a 5 year GIC paid as much as 15% per year at the time, today 2% is the norm.

Gold is testing multi-year highs after making an incredible move in the last year, up nearly US $300 / oz (~25%).

Recently there's been significant coverage in the media about blockchain, Bitcoin and other cryptocurrencies. But what does this all mean and what are the implications? And of course, as investors, how can we profit on this?!