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Gold, Silver, Platinum Group Metals 2019 Metal Price Predictions And Stock Choices

Jan. 04, 2019 1:29 PM ETSBSW, FNV, RGLD, WPM, SAND, BTC-USD, GFI, WPM:CA, SSL:CA, FNV:CA8 Comments
Lawrence Williams profile picture
Lawrence Williams


  • Last year with precious metals, apart from palladium, falling short of projected values, our predictions and anticipated stock gains fell well short of expectations.
  • For 2019, we again anticipate relatively conservative gains in precious metals prices and continuing falls in general equities and bitcoin valuations.
  • If our predictions are correct, we could see a further recovery in precious metals prices and a sharp upturn in relevant stocks.
  • We are sticking in our stock recommendations to major precious metals miners and royalty/streaming companies as they are likely to remain comfortably in existence if metal prices move against them again.

I'm having another go at one year predictions for precious metals prices and stock picks for the year ahead after a fairly disastrous similar attempt in 2018. In mitigation, gold, and particularly silver, prices did not perform as expected - indeed turned negative over the year after a promising start and their poor performance, in turn, led to a pretty awful year for precious metals stock prices.

In consolation, I did restrict my stock recommendations to the gold and silver majors and while they virtually all fell, they did not drop nearly as much as most juniors in the precious metals space, some of which are no more - indeed the two biggest gold miners, Barrick (GOLD) and Newmont (NEM), actually outperformed the general equities markets (just) as represented by the S&P 500 and outside the U.S. the strong dollar meant precious metals and associated stocks did rather better.

To look at my 2018 predictions and comments of a year ago, click on Gold, Silver, Platinum, Palladium - Price And Stock Forecasts/Recommendations For 2018. I hope to do an awful lot better this year!

The strong dollar - which kicked up from April last year - also depressed the gold price which tends to move counter to dollar strength. This adversely affected precious metals stocks which, if anything over-reacted to the downside, which makes them particularly good buys now, assuming the dollar doesn't go on rising which we think is unlikely for the year ahead. Indeed we see the greenback as weakening over the year. We did recommend moving back into investing in the gold majors at the beginning of November (See: Now May Be The Time To Buy Into The Gold Majors) which would have been a good investment move at the time but we still think there is

This article was written by

Lawrence Williams profile picture
Former CEO of Mining Journal Ltd. and subsequently Editor and General Manager of Mineweb.com - a position relinquished in October 2012 to continue as a freelance writer. Graduate mining engineer from London's Royal School of Mines (part of London University) - has worked on gold, platinum and uranium mines in South Africa, copper in Zambia, uranium in Canada and holds a South African Mine Manager's Certificate. Joined Mining Journal originally as Financial Editor and worked for the company for over 30 years spending 13 years as CEO. Particular follower of the gold and platinum market and has written numerous articles on precious metals for Mining Journal and Mineweb and has also written for London's Financial Times as well as for other media and publications including SeekingAlpha. Is a regular writer for for sharpspixley.com . Also write articles for U.S. Gold Bureau.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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