Gold (GC=F) fell 6% to around $5,000 per ounce on Friday while silver (SI=F) tumbled 14% in a sharp reversal of this year's massive rally in precious metals. The volatility came alongside a wider stock market sell-off, with the major averages all lower. "The higher metals rise, the more likely 2026 will mark enduring price peaks — notably for silver — if history is a guide," Mike McGlone, senior commodity strategist at Bloomberg, wrote on Friday. "There are always sound fundamental reasons for rallies ...

Gold (GC=F) fell 6% to around $5,000 per ounce on Friday while silver (SI=F) tumbled 13% in a sharp reversal of this year's massive rally in precious metals. The volatility came alongside a wide stock market sell-off, with the major averages set to open in red territory following a slide in tech stocks. "The higher metals rise, the more likely 2026 will mark enduring price peaks — notably for silver — if history is a guide," wrote Mike McGlone, senior commodity strategist at Bloomberg, on Friday. "The ...

Group 1: Company Strategy - Tiffany & Co. is shifting its focus from silver jewelry to gold and high jewelry, as stated by LVMH executives [1][2] - The demand for high jewelry has quadrupled over the last four years, while demand for silver jewelry has declined by one-third since LVMH acquired Tiffany in 2021 [2] - This marks a significant change for Tiffany, which has historically specialized in silver jewelry since its inception in 1851 [3] Group 2: Financial Performance - LVMH's watches and jewelry division reported €10.5 billion in sales (approximately $12.6 billion) in 2025, reflecting a 1% decline from the previous year [4] - LVMH's stock price has decreased by about 22% over the past year [4] Group 3: Market Trends - Gold prices have surged to record highs, with spot gold trading around $5,240 per ounce, up about 20% this year and 73% in 2025 [6] - Silver prices have also risen significantly, currently trading around $115 per ounce, with a year-to-date increase of 56% and a 170% rise last year [9] - The gold-to-silver ratio has fallen to a four-year low, indicating that silver now "appears expensive" relative to gold [12]

Group 1 - Gold prices rose close to $5,000 per ounce, while silver touched $100, marking a significant rally for precious metals [1] - Gold is on track for its best week since 2020, gaining 13% year-to-date, with private sector investors joining central banks in accumulating gold [1] - Silver futures have increased by 29% year-to-date, with a substantial portion of its supply used for industrial purposes [4] Group 2 - China has been hoarding silver and restricting exports since the beginning of the year, impacting global supply [5] - Analysts from JPMorgan noted that silver prices have significantly exceeded forecasted averages, indicating a volatile market [5] - The momentum for silver prices is strong, with potential for rapid retracement, reflecting the unpredictable nature of the commodity [6] Group 3 - Geopolitical uncertainty and expectations for interest rate cuts are driving investors towards precious metals [7] - A Danish pension fund announced its exit from US Treasurys, reflecting a shift in investment strategy amid geopolitical tensions [2] - Northern European investors are also reassessing US assets due to similar concerns [2] Group 4 - The erosion of fiscal discipline in the United States is contributing to the ongoing demand for gold [3] - Strategists cite a weaker US dollar and large fiscal deficits as factors influencing the precious metals market [1]

Core Insights - The iShares MSCI Global Silver and Metals Miners ETF (SLVP) and abrdn Physical Platinum Shares ETF (PPLT) have distinct structures, volatility, and recent performance, with SLVP focusing on mining companies and PPLT tracking platinum prices directly [2][3] Cost & Size Comparison - SLVP has a lower expense ratio of 0.39% compared to PPLT's 0.60%, but PPLT has a significantly larger asset base of $2.86 billion versus SLVP's $843.6 million [4][5] Performance & Risk Metrics - Over the past five years, SLVP experienced a maximum drawdown of -55.56%, while PPLT had a drawdown of -35.73%. The growth of $1,000 over five years was $2,222 for SLVP and $2,133 for PPLT [6] Fund Structure and Holdings - PPLT is designed to closely track platinum prices, avoiding equity risks, and has over $2 billion in assets with a singular focus on platinum market performance [7] - SLVP invests in approximately 30 mining companies, including Hecla Mining, Indust Penoles, and Fresnillo Plc, providing diversification but also introducing company-specific risks [8] Recent Performance Context - Both ETFs have significantly outperformed the market in the past year, with SLVP returning over 200% and PPLT around 135%, driven by rising precious metal prices amid inflation and economic uncertainty [10]

Core Insights - The recent rally in gold and silver prices has prompted investors to explore opportunities in the mining sector, moving beyond traditional mega-cap tech stocks [1][2] Group 1: Market Trends - Investors are beginning to recognize the value of gold for diversification and are also starting to pay attention to mining stocks, particularly in silver, which is gaining importance [3] - There is a belief that both gold and silver have further upside potential, driven by market performance and growing investor interest [3] Group 2: Mining Stocks - Many mining companies are currently offering attractive profit margins and favorable debt-to-equity ratios, with yields that surpass those of the S&P 500 [4] - The Sprott Active Gold & Silver Miners ETF (GBUG) provides a diversified investment option for those looking to increase exposure to gold and silver mining stocks [5][6]

Precious metals start new year strongly, where they left off in 2025. ...

Group 1 - The rally in precious metals has resumed, with both silver and gold moving closer to recent record highs [1] - Gold mining stocks have surged in response to the rising prices of precious metals [1]

Group 1: Precious Metals Market Overview - The recent rally in gold experienced its first significant pullback, dropping below $4,000 per troy ounce after reaching a high of $4,350 [1] - Other precious metals like silver, platinum, and palladium indicated a potential pullback in gold after peaking on October 16th [1] - Geopolitical tensions, particularly in Ukraine and Gaza, continue to drive investors towards safe-haven assets like gold [2] Group 2: Investment Vehicles for Precious Metals - The iShares Gold Trust ETF (IAU) has nearly $62 billion in assets under management and a low expense ratio of 0.25%, making it a cost-effective option for gold exposure [5] - The Aberdeen Physical Precious Metals ETF (GLTR) holds a diverse range of metals and charges a 0.60% expense ratio, with $1.88 billion in assets under management [8] - Newmont Corp. is the largest gold miner globally, with a market cap of $86 billion and annual sales exceeding $18 billion, offering tax benefits compared to physical gold ownership [11] Group 3: Technical Analysis and Market Trends - IAU's price is approaching the 50-day simple moving average (SMA), which could present a buying opportunity if the price continues to decline [7] - GLTR shares have also shown support at the 50-day SMA, and the recent rally has triggered an Overbought signal on the Relative Strength Index (RSI) [10] - The VanEck Gold Miners ETF (GDX) holds 46 stocks and has $22 billion in assets under management, with a 0.51% expense ratio, but is subject to higher volatility compared to physical gold [14][16]

Group 1 - Freeport-McMoRan Inc. (NYSE:FCX) is highlighted for its significant operations in gold, particularly in light of the upcoming earnings report which may indicate the sustainability of the recent gold rally [1] - The company operates the world's largest gold mine, which is currently facing challenges, including severe flooding in Indonesia [1] - Jim Cramer expressed confidence in the stock, suggesting that concerns about Indonesia expropriating the mine are unfounded [2] Group 2 - Freeport-McMoRan produces various metals, including copper, gold, molybdenum, and silver, indicating a diversified portfolio [2] - While FCX is recognized as a potential investment, there are opinions that certain AI stocks may offer better upside potential with less downside risk [2]