Peter Grandich Says Gold’s Bull Market Is Not Over and Mining Offers Exceptional Opportunity in 2027
Peter Grandich joined the MINING channel on Top of Mine to explain why the recent pressure on gold does not signal the end of the bull market. The veteran market commentator argued that rising interest rates may not derail gold the way many investors assume.
He predicted another Federal Reserve hike in December yet maintained that central bank buying remains a powerful support for prices. Grandich noted that sentiment has shifted dramatically during the selloff, but he views any further weakness as a chance to position for the next leg higher rather than a reason to abandon the trade.
Grandich stressed that preserving capital matters more than chasing returns in the current environment. He warned of risks facing Wall Street, including the possibility that midterm election results could surprise markets and the hidden dangers embedded in passive investing.
Institutions that once treated gold like an undesirable asset are now making room for it alongside traditional holdings. He sees this shift as constructive for the metal even if bond yields continue to rise. In his view gold can thrive alongside higher yields because the fundamental drivers of demand have changed.
Looking ahead Grandich highlighted exceptional opportunities in Canadian mining heading into 2027. He believes capital that has flowed into crypto and artificial intelligence may rotate toward junior miners as those areas lose momentum. He pointed to strong copper demand and the work of investors such as Michael Gentile as reasons for optimism in the sector.
Grandich closed by reiterating that the bull market in gold remains intact and that selective exposure to mining equities offers the best way to participate in the years ahead.
The interview reinforces his long standing emphasis on capital preservation while identifying concrete areas where patient capital can be deployed.
