Peter Krauth

The Jackson Hole, Wyoming powwow for central bankers is behind us, and Fed Chairman Jay Powell didn’t disappoint markets. He said the time has come to start lowering rates, citing a softening labor market and inflation. We may get a correction in precious metals over the next few weeks, but I expect that will be a tremendous opportunity to load up on these assets, writes Peter Krauth, editor of Silver Stock Investor.

The Federal Reserve met, and the Fed decided…to do nothing. Policymakers held the key federal funds target rate range at 5.25%-5.50%, first set back in July last year. As for the “dot plot,” though it has a lousy track record, it suggests only one rate cut is coming this year. But make no mistake, this continues to be an ideal environment for gold and silver, explains Peter Krauth, editor of Silver Stock Investor.

Over the past four years, silver has tested $30 three times. We’ve even seen silver reach new multi-decade highs in most major currencies. Then BOOM! It surged to $28 in April, pulled back to $26, then rocketed to $32 in the last three weeks. I like Wheaton Precious Metals Corp. (WPM) as a way to capitalize, suggests Peter Krauth, editor of Silver Stock Investor.

Two weeks ago, I attended and spoke on a panel at the spring edition of the Swiss Mining Institute investment conference. This year we were witnessing all-time highs in gold prices. I was asked if I thought this was finally going to be a true breakout for precious metals. As always, I gave my honest opinion, saying that I don’t know for certain, but believe it is. So why haven’t silver prices really rallied…yet? Here’s my take, recounts Peter Krauth, editor of Silver Stock Investor.