Coeur Mining: Oy, Gold and Silver, What a Mess!

So, Coeur Mining (CDE 10.67%) took a tumble today, eh? Eleven-point-two percent! It’s like watching your bubbe try to do the Charleston – a lot of flailing, and not much grace. Now, usually, when the world starts looking like a Marx Brothers movie – and let’s be honest, it often does – folks run for gold and silver. Safe haven, you see. A little something to barter with when the barbarians are at the gate. This time? Not so much.

Turns out, the shiny stuff itself is doing the cha-cha downwards. Gold, silver… they’re both taking a hit. It’s enough to make a quantitative analyst weep into his spreadsheet. And Coeur, bless its heart, mines both. Double the trouble, double the… well, you get the idea.

Gold and Silver Prices Fall (A Tragedy in Two Metals)

Now, February closed with gold around $5,278 an ounce. Respectable! Then the fireworks started in the Middle East, and it briefly spiked to $5,416. A little excitement, a little panic. But then? Faded faster than a Borscht Belt comedian’s career in the age of TikTok. Last I checked, we’re down to $5,107. A drop of nearly four percent! It’s like the market is saying, “Relax, people, it’s just a minor kerfuffle!”

Silver’s having a similar existential crisis. Ended February at $93.73, peaked at $96.10… and now? Down six-point-one percent to $83.43. Oy vey. It’s enough to make a silversmith reconsider his life choices.

Is Coeur Mining Stock a Sell? (Asking for a Friend)

Why the sudden cold feet with the precious metals? Well, for starters, the U.S. dollar is getting all strong and confident. It’s like the dollar decided to take tango lessons. Suddenly, buying gold and silver costs more dollars. Basic economics, folks! And let’s be honest, people love a strong dollar. It makes their hot dog seem cheaper.

Now, war can be inflationary, which, theoretically, should be good for gold and silver. But here’s the rub: if the Federal Reserve gets spooked by inflation and decides to hold interest rates steady, that could lower inflation in the long run. It’s a head-scratcher, I tell ya! It’s like trying to predict what your mother-in-law will say at Thanksgiving.

Personally, I suspect gold and silver will bounce back. They usually do. But here’s the problem for Coeur investors: at a price-to-earnings ratio of 28x, all the good news seems already baked into the cake. And to make matters worse, earnings are projected to fall next year. It’s a double whammy, a cosmic joke, a…

Look, whichever way the gold price goes, I’d approach Coeur Mining with a healthy dose of skepticism. It’s not a terrible company, but it’s a bit like a Yiddish proverb: just because it can be done, doesn’t mean it should be.

2026-03-03 21:42

Gold and Silver Prices Fall (A Tragedy in Two Metals)

Is Coeur Mining Stock a Sell? (Asking for a Friend)

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