RE:Green DayI expected we would have closed the year a little better. Ready to add in the new year with so many companies back in the lows.
Comentary on Au and 2025 outlook CXB included assuming Au/Ag prices drop which I don't expect. Fluctuating prices may affect profitability and investment planning
Initial resistance stands at the overnight high of USD$2,640.90, followed by USD$2,650.00, with first support at the overnight low of USD$2,596.70 and then USD$2,580.00. Meanwhile, March silver futures bears have seized the near-term technical advantage, as bulls strive to close above resistance at USD$31.50, while bears focus on driving prices below the August low of USD$27.39. Silver’s immediate resistance lies at the overnight high of USD$30.14, followed by USD$30.50, with support levels at USD$29.50 and then USD$29.00.
The shifting technical outlook for gold prices could have significant downstream effects on industries such as jewelry manufacturing, where rising gold prices often lead to higher production costs and potentially dampened consumer demand.
Similarly, the gold mining sector may experience increased pressure as fluctuating prices affect profitability and investment planning. Companies like Calibre Mining Corp (TSE: CXB) (OTCMRKTS: CXBMF), which operates across North and Central America, could see impacts on their operational strategies and revenue projections as they navigate these market dynamics.
Another example is Kinross Gold Corporation (TSE: K) (NYSE: KCG), a major producer with operations across the Americas, West Africa, and Russia. Both companies may need to adjust their approaches to production and exploration to remain resilient in the face of evolving price trends and market volatility.
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