Peter Grandich: We Need this Washout for Gold to Go Higher

By Investing News / November 28, 2020 / marketsanity.com / Article Link

It's been another tough week for gold, with the yellow metal sinking to around US$1,810 per ounce at its lowest point during the period, a level not seen since July.

Should investors be worried? Peter Grandich of Peter Grandich & Company doesn't think so.

"We had a near-parabolic rise earlier this year. It's not uncommon to see a substantial correction not long after that. I think that's what we've experienced," he said.

0:00 - Intro0:17 - Gold's recent downward price activity1:56 - The big picture drivers for gold5:11 - Going all-in on gold and mining stocks7:42 - Potential for juniors, mid-tiers, majors10:47 - Other trends in the gold space12:19 - Why Peter likes uranium14:49 - When will the uranium market turn?16:43 - Companies Peter is involved in20:50 - Outro

Peter Grandich's work can be found at Peter Grandich and Company and Pete Speaks.

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