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Peter Spina, CEO at GoldSeek.com, highlights that mining ETFs more than doubled to $87.4 billion in Q1.
Spina adds that while large funds are betting billions on a mining supercycle, gold funds experienced outflows as investors favored industrial metals. He also observes that the relatively small size of metals markets is amplifying volatility, with shifts in sentiment quickly impacting prices.
Spina has previously tracked developments in the mining sector, noting AbraSilver’s receipt of key DIA approval for its Diablillos project and record price highs for the company in a recent article. He also reported on Venezuela’s central bank and the U.S. hiring Deloitte and other auditors to review Venezuela’s foreign-held assets and gold operations earlier this year. These reports reflect ongoing activity in mining and gold-related assets.