Gatos Silver posts solid 2024, prepares for takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
All signs still point to a big gold and silver breakout, says John Embry, top strategist at Sprott Asset Management.
“Gold is so dramatically under-owned, that when it is finally seen as the best alternative, the amount of money that will pour into an already remarkably tight physical gold market, once this money gets unlocked, will cause the price of gold to literally soar,” said Embry in an interview with King World News.
“Once gold really gets moving, I think people will be amazed at how quickly and how far gold goes.”
Embry said he would not be surprised to see $1,900 gold before the end of the year.
Catalysts to drive gold higher are EU woes, and a US market that is being artificially supported.
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SunnyGuy
Yes I