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Gold is getting beat up this morning as concerns about weakness in the stock market is shaking out some of the bullishness it seems we’re getting a little bit of a risk off in the gold’s this morning in the dollar continues to surge perhaps rising energy prices is one of the concerns and the possibility of course that investors are going to need cash to meet margin calls on their stock positions. The strong jobs report also reduced the chances of fed rate cuts which is causing the dollar to soar. A surge of buying in the dollar index is not helpful to gold.

Yet the Kitco Metals scurvy looks very bullish. The Kitco News Top Metals 2025 Survey showed retail traders continue to believe in gold’s ability to outperform in an unstable world, while industry experts also see potential for silver prices to play catch-up in the second half of the year.

Kitco News gathered the votes of 208 retail investors this week for the Kitco News Top Metals 2025 Survey, and the results showed that over half of Main Street expects gold will outgain all other metals once again in 2025 ,106 retail traders, fully 51%, expect the yellow metal to lead all others this year. Another 36%, or 74 Main Street investors, predicted silver would be the top gainer in 2025, while 8%, or 17 participants, expect copper to post the strongest performance. The remaining 11 retail traders, representing 5% of the total, think platinum and palladium prices will outperform other metals in 2025.

Industrial metals the copper is doing much better. Obviously, the sad fires in California mean we’re going to need a lot of industrial metals to rebuild.
Peter Grandich who is part of a financial planning group in Wall, NJ, blogger and podcaster said “Not only has copper shown strong support around $4 but has now broken the downtrend of lower highs. There is chatter of a short squeeze but sooner see just a slow but higher overtime move that sees $5 by year-end.
In the short term we’re going to see a lot of volatility but the infrastructure in California is going to have to be rebuilt. The demand for copper, aluminum and steel will be very strong.

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