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Freeport-McMoRan shares up 1.6%

Miner Freeport-McMoRan (FCX.N), beat Wall Street estimates for second-quarter profit on Wednesday, as higher copper and gold prices helped offset lower production.

The company’s shares rose 1.6% to $40.54 in pre-market trade.

Freeport could be a big beneficiary, seeing as much as $1.6-billion boost to annual profit, given its position as the largest U.S. producer with more expansion options than rivals.

Freeport, which supplies about 70% of U.S. refined copper, said it expects to sell 1.3 billion pounds from its domestic mines in 2025.

Source – Reuters

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    Gold is struggling maybe not for long

    Gold prices struggle to hold onto gains after key U.S. data showed inflation picked up in June as expected, potentially signaling companies are starting to pass on tariff costs to consumers. Futures are down 0.1% at $3,357.50 a troy ounce following a 0.5% rise earlier in the session.

    Source – The Wall Street Journal

  • How to maximize Gold and Silver Investments

    I’ve been fascinated by investment strategies recently, and precious metals have always held a special place in my heart and financial toolkit. Gold and silver aren’t just shiny objects – they’re powerful financial instruments that can transform your investment approach when used strategically.

    Imagine having a financial safety net that not only protects your wealth but potentially grows it during economic uncertainties. That’s exactly what a well-crafted gold and silver investment strategy can do. In this guide, I’ll go over some techniques to maximize your precious metal investments.

    Understanding the Precious Metals Landscape

    Precious metals are more than just alternative investments – they’re economic chameleons that adapt to global financial conditions. Gold and silver have been trusted stores of value for thousands of years, but their modern investment potential is more complex and exciting than ever.

    Many people today are looking at more stability for their investments in case something happens in the digital world that will be hard to recover from. Precious metals is what people are looking for.

    Historical performance tells a fascinating story. During economic downturns, these metals often shine brightest. For instance, during the 2008 financial crisis, gold prices surged by over 200%, while silver demonstrated remarkable resilience. This isn’t coincidence – it’s a testament to their intrinsic value and economic significance.

    Key factors influencing metal prices include:

    • Global economic stability
    • Inflation rates
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    • Geopolitical tensions
    • Industrial demand
    • Central bank policies

    Diversification Strategies for Precious Metal Portfolios

    Successful investing is about balance, and precious metals are no exception. Think of your investment portfolio like a well-designed recipe – each ingredient plays a crucial role.

    Optimal allocation typically ranges from 5-10% of your total investment portfolio. This sweet spot provides protection without overexposure. Here’s a breakdown of potential allocation strategies:

    • Conservative investors: 5-7% allocation
    • Moderate investors: 7-10% allocation
    • Aggressive investors: 10-15% allocation

    Diversification isn’t just about percentages – it’s about mixing investment vehicles:

    • Physical bullion (coins and bars)
    • ETFs tracking metal prices
    • Mining company stocks
    • Precious metal mutual funds
    • IRA-backed metal investments

    Advanced Buying Strategies

    Timing is everything in precious metal investments. It’s like surfing – you need to read the waves and position yourself perfectly.

    Dollar-cost averaging emerges as a brilliant strategy. Instead of trying to time the market perfectly, you invest a fixed amount regularly. This approach smooths out market volatility and reduces the risk of making a single, poorly-timed large investment.

    Pro tips for smart purchasing:

    • Research reputable dealers
    • Verify authenticity of physical metals
    • Compare pricing across multiple platforms
    • Consider storage and insurance costs
    • Stay informed about market trends

    Investment Vehicles Comparison

    Not all precious metal investments are created equal. Each vehicle offers unique advantages and potential drawbacks.

    Physical Bullion:

    • Pros: Tangible asset, direct ownership
    • Cons: Storage costs, potential liquidity challenges

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    • Pros: Easy trading, no physical storage
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    • Cons: Influenced by company performance, not just metal prices

    Tax-Efficient Investment Approaches

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    Risk Mitigation and Protection

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    Future-Proofing Your Precious Metal Investments

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    Arizona Sonoran Copper makes big announcement valued at C$19.9m ($13.83m) with Hudbay Minerals

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    Arizona Sonoran president and CEO George Ogilvie said: “We are pleased and appreciative to welcome this further endorsement of our project and the go-forward plan by the team at Hudbay. It is the company’s objective to develop Cactus to be a significant producer of copper cathodes for direct use by industry in the state of Arizona and the larger US supply chain.

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    Source – Global Data

  • Trump Gold card will be launching in soon

    U.S. Commerce Secretary Howard Lutnick said Wednesday that the Trump Gold Card, which makes it possible for any foreigner to buy a visa for $5 million, will be available online within weeks.

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    Gold prices rise, gold futures up

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    “Investors are concerned about the state of the world, especially with U.S. policies being what they are, and so they’re buying gold as an alternative asset because they’re concerned that the U.S. government may throw the world into a global recession,” said Jeffrey Christian, managing partner of CPM Group.

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    Aya Gold & Silver down

    Shares of Aya Gold & Silver were down Friday after the company reported lower silver production than analysts expected in the fourth quarter.

    The stock retreated 15% to 10.85 Canadian dollars ($7.58).

    Silver production in the fourth quarter totaled 491,310 ounces, compared with 450,046 ounces in the same period a earlier.

    Source – Market Watch