The David Lin Report Gold At $3,300: Market Peak or Just The First Leg Up? | David Wolfin
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May 1, 2025 In this engaging conversation, David Wolfin, the President and CEO of Avino Silver & Gold Mines, shares insights on gold's role as portfolio insurance amid market uncertainties. He outlines the company's ambitious five-year expansion plan, which has generated impressive share price growth. Wolfin delves into mining sector dynamics, including cash flow management and the strategic advantages of projects in Latin America. He also discusses the influence of trade tariffs and effective growth strategies in the evolving mining landscape.
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Gold as Essential Portfolio Insurance
- Every portfolio should include gold as insurance against uncertainty.
- Ignore gold's price fluctuations and ensure some allocation in your investments.
Leverage in Gold Equities
- Gold equities offer higher leverage than owning bullion directly.
- Share prices can rise 30-40% when gold prices increase 10%.
Cash Flow Drives Mining Stocks
- Free cash flow is the key valuation driver for mining equities.
- Increasing dividends from seniors attract yield-driven investors flowing down to juniors.