Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

Nick Hodge: Gold to Remain Bullish, Watch Silver, Copper and Uranium Too

by May 14, 2024
May 14, 2024
Nick Hodge: Gold to Remain Bullish, Watch Silver, Copper and Uranium Too

Nick Hodge, publisher at Digest Publishing, shared his latest thoughts on gold, silver, copper and uranium.

Speaking first about the yellow metal, he said he sees it maintaining its bullish edge. ‘Gold is starting to check technical milestones. It’s checking technical boxes that tell broader, more generalist investors that gold is emerging from a bear market, and it starts to beget or attract capital simply because it’s going up,’ Hodge explained.

While silver is currently lagging behind gold, it’s starting to move based on a shift in perspective.

‘What’s happened is that silver is being treated now as more of a precious metal than an industrial metal,’ Hodge explained during the interview. ‘Before it was trading sideways to down with copper, and now that gold has caught a bid, silver is doing what it’s typically done in the past — it’s being treated more as a precious metal.’

Looking over to copper, he said while its supply/demand fundamentals have been strong for some time, prices are now moving because a recession hasn’t materialized in the US. Meanwhile, other countries are coming out of recessions.

One way Hodge is playing copper is with the iShares Copper and Metals Mining ETF (NASDAQ:ICOP).

In closing, he touched on uranium, saying he remains bullish as the commodity consolidates after a quick run.

‘Commodities move in cycles … and I think that it’s going to be a cascading or a wave effect,’ he said. ‘We talked about how investors are bored with uranium right now because they’re more intrigued with gold and copper. Well you’re going to see that copper will do its thing for a little bit and then it’ll spill over into silver and platinum-group metals and then back into uranium. I think that with higher inflation for longer and then with relatively stagnant growth it’s a good environment for commodities across the board to move higher. And they’re just going to do so in independent cycles.’

Watch the interview above for more of Hodge’s thoughts on gold, silver, copper and uranium.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Spectacular Vein Gold Discovery Expands Christmas Gift Shear
next post
At-The-Market Raise

Related Posts

Hempalta Corp. Announces Financial Results for Three Months...

March 4, 2025

Silver North Announces Closing of Second Tranche of...

June 29, 2024

Boab Metals: Advancing Toward Near-Term Lead, Silver Production...

January 15, 2025

Cote d’Ivoire Acquisition Completes

May 8, 2024

Awalé Announces New Gold Discovery on the Odienné...

January 12, 2024

LU7 Raises $3.64 Million to Advance Closing the...

May 1, 2024

Canadian Election Candidates Unveil Plans to Fast Track...

April 11, 2025

Pan American Makes US$295 Million Deal to Sell...

May 4, 2024

South Star Battery Metals Announces Upsize of Non-Brokered...

January 27, 2024

SKRR Exploration

November 29, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved