Mon-Fri 8am-6pm EST -  Support: 212-391-2211

  • My account
Wallace Precious MetalsWallace Precious Metals
0
  • Home
  • Gold
    • Gold Coins
      • American Gold Coins
      • Canadian Gold Coins
      • British Gold Coins
      • Chinese Gold Pandas
      • Austrian Gold Philharmonics
      • European Gold Sovereigns
      • Gold Bars
    • Other Gold Coins
      • Somalian Gold Elephants
      • Ukrainian Gold Coins
      • Disney Gold Coins
      • South Korean Gold Coins
      • World Gold Coins
  • Silver
    • Silver Coins 1
      • Silver Bars
      • Silver Coins
      • Silver Bars
      • Silver Rounds
      • Silver Statues
      • Silver Bullets
      • Silver Eagles
      • Silver Dollars
      • 90% & 40% Silver Coins
      • Ukrainian Silver Coins
    • Silver Coins 2
      • America The Beautiful Series
      • Canadian Silver Coins
      • Canadian Silver Coins
      • Chinese Silver Pandas
      • Austrian Silver
      • South Korean Silver Coins
      • British Silver Coins
      • Australian Silver Coins
      • New Zealand
      • Gilded Silver Coins
    • Other Silver Coins
      • Solomon Islands Silver Coins
      • Armenian Silver Coins
      • Biblical Silver Coins
      • Cook Islands Silver Coins
      • Rwanda Silver Coins
      • Congo Silver Coins
      • Fiji Silver Coins
      • Native American Coins
      • Disney Silver Coins
      • World Silver Coins
  • Platinum
    • IRA Eligible Platinum
    • Platinum Bars
  • Palladium
  • On Sale
    • New Arrivals
  • Sell To Us
  • Charts
    • Gold Price Charts
    • Silver Price Charts
    • Platinum Price Charts
    • Palladium Price Charts
    • Stock Market Analysis
      • Technical Analysis Charts
    • Commodities Chart Box
  • IRA
  • Other
    • Copper
      • Copper Bars
      • Copper Rounds
      • Wheat Pennies
    • Accessories
      • Bar Accessories
      • Coin Accessories
  • Contact

The senior gold miners are ‘printing money’ – Soar Financial CEO Kai Hoffmann

Admin
May 24, 2022 Precious Metals News Comments Off on The senior gold miners are ‘printing money’ – Soar Financial CEO Kai Hoffmann



The gold price is proving resilient as markets have moved lower, said Soar Financial CEO Kai Hoffmann.

On Wednesday Hoffmann spoke to Wallace at the Vancouver Resource Investment Conference, the same day the S&P 500 dropped 4%, its worst one-day decline since June 2020.

“Volumes have disappeared. People are just selling trying to raise cash, but the gold price is hanging in there,” said Hoffmann. “I’ve had a couple conversations over the last few days and we’re fairly positive.”

The mining sector has been divided up into winners and losers. Exploration and development companies have performed poorly while senior gold miners and some royalty companies have seen better stock prices relative to the entire market. It’s only been a bit over three years that gold was in the $1,200 ounce range.

“[The senior gold miners] are still benefiting from fairly high gold prices. If you look at where we came from—$1,200  to $1,800 a ounce gold—they’re printing money more or less.”

Hoffmann will host his own show, Deutsche Goldmesse, in Frankfurt running from May 27 to 28, 2022.

Wallace Mining special coverage of the Vancouver Resource Investment Conference is brought to you by First Gold Mining.



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



Source link

CEOfinancialGoldHoffmannKaiminersMoneyprintingseniorsoar
admin

Hedge funds continue to sell gold but sentiment is shiftingPrevious post
Gold prices holding above $1,850 as U.S. new home sales fall 16% in AprilNext post

NEWSLETTER

Subscribe to our newsletter to get updates regarding our business and precious metal refining.

MY ACCOUNT

  • Cart
  • Checkout
  • On Sale
  • My account
  • Shop

ABOUT US

  • Sell To Us
  • Careers
  • About
  • Payments
  • Refine Jewelry

Address

Wallace Refiner’s Inc

+1 212-391-2211

15 W 47th St # 101, New York, NY 10036, United States

contact@wallacerefiners.com

©2020 Wallace Refiners - Wallace Precious Metals | All Rights Reserved.

Send Enquiry