Welcome back to our weekly update. I'm Charlotte Mloud with investingnews.com and we're going to run through a few of this week's biggest stories in the mining industry. If you enjoyed this video, don't forget to hit the like button, subscribe to our channel, and of course, leave us a comment below. Let's get into it. [music] The gold price was back in action this week, breaking above 4,200 per ounce after spending about 2 weeks trading at lower price levels. Silver was on the


rise again as well, pushing briefly past 54 per ounce. Both metals saw their biggest gains midway through the week as the US government shutdown came to an end. [music] At 43 days, it was the longest in history and finished as eight Democrats broke ranks to vote in line with Republicans on a funding package. [music] US economic data has been scarce during the shutdown, and government agencies are now beginning to play catch-up as they return to work. While it's possible that some reports will come out in just


days, others could take weeks or may never be released. From a gold perspective, all eyes are on numbers that may impact the US Federal Reserve's interest rate decision next month. Chair Jerome Powell emphasized after the central bank's last meeting that a December reduction isn't guaranteed, and more recent commentary from other Fed officials points to continued descent about whether to cut or pause. CME [music] Group's Fed Watch tool currently shows an almost even split between the


two options. [music] For our bullet briefing this week, I want to share a few highlights from the New Orleans Investment Conference, which our team attended from November 2nd to 5th. [music] At the time, the gold price was around $4,000 and silver was in the $48 range. And I have to say that my main takeaway from the many experts I [music] spoke with was that we were seeing a temporary pullback, not the end of the bull market. That idea was almost immediately proven right as prices for both metals rebounded this week. [music]


That said, it's worth noting that most of the people I heard from weren't expecting such a quick turnaround. [music] In general, the consensus was that prices could remain at lower levels for weeks or months, with [music] some saying gold could fall as low as 3600. Does that mean a deeper correction is still to come? Time will [music] tell. On that note, another topic that came up frequently at the event was taking profits. [music] Quite a few people discussed how they did some trimming in


October when gold and silver prices were really running and then put the money to work in other parts of the market. [music] For example, Rick Rule of Rural Investment Media talked about how he sold 25% of his junior gold socks at that time. Here's how he made that decision. >> We were in a period 5 weeks ago where there were no asks. There were all bids. And I've learned in the market to do what's easy. Uh if there's no bids, be a bid. If there's no asks, be an ask. And


the sector was white hot. There were so many junior financings. And when a company's financing, they're telling you that your cash is worth more than their stock. Well, they should know what their stock is worth. Since they were selling, I decided I would sell some, too. But what was most important to me was personal. Uh, I've been a heavy investor in the sector since 2020. And I was at a period of time where I could by selling a quarter of my position recoup all of my capital and pay the capital gains tax


and have the rest for free. I can be very patient Charlotte with that remaining 75% because it stands me zero after tax was a personalized decision. >> I recommend watching the full interview with Rick. But if you're curious, I'll tell you right now that he redeployed the cash he got from selling gold juniors into physical gold eagle mines. Franco Nevada, wheat and precious metals, and oil and gas stocks. [music] Finally, while I'm always keen to understand what's happening right now, I


also wanted to use this conference to start talking about what sectors will do well in 2026. I asked almost all of my interviewees what they think next year's top performing asset will be, and I was surprised to get a fairly wide variety of responses. Precious [music] metals were definitely mentioned with multiple people saying that while silver has made impressive moves this year, it hasn't truly had a chance to shine. But copper was also brought up numerous times, as was uranium. And I got a


couple of outlier responses, too, including emerging markets, which Peter Shiff discussed, and oil and gas, which Rick Rule said would be his pick for top performing asset in terms of riskto-reward. Rick also highlighted small-scale community banks in the US. [music] I'll leave a link to our New Orleans playlist in the video description. We've been adding to it all week and I'd love for you to check it out. Thank you for watching. If you like this video, make sure you hit the like button and


subscribe to our channel. We'd also love to hear your thoughts, so leave us a comment below. [music]