Recent Interviews

Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)


Interview Clean Logistics: Hydrogen challenge to Daimler + Co.

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

15. July 2021 | 11:56 CET

SAP, White Metal Resources, Nokia - Markets facing a decision

  • Commodities
Photo credits:

The global economy is celebrating a turnaround, and corporate profits are bubbling. Consumer spending is jumping due to austerity during the Corona lockdowns. In addition, growth is fueled by billions of dollars in infrastructure projects from policymakers. Golden times for the stock markets, if it were not for concerns about rampant inflation. According to the Labor Department, consumer prices in the USA rose by 0.9% to 5.4% in June. It is the most significant price increase since August 2008. The FED is being challenged.

time to read: 3 minutes by Stefan Feulner
ISIN: SAP SE O.N. | DE0007164600 , WHITE METAL RES | CA9640461062 , NOKIA OYJ EO-_06 | FI0009000681

Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
"[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

Full interview



Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

Framework data is right

Once again, Federal Reserve Chairman Jerome Powell appears at a hearing in the US Congress to explain the Federal Reserve's monetary policy. The main topic is almost certainly the fear of rising inflation. So far, Powell has consistently emphasized that price pressures are temporary and that monetary policy will remain loose for the foreseeable future.

If inflation in the US turns out to be stronger and remains so for longer, an earlier than planned exit from bond purchases is probably inevitable. Still, central banks have their backs to the wall. If the interest rate hikes are too steep, there is a risk that the economic engine will stall. Added to this is the historically high level of government debt, which totals almost USD 300 trillion. The financing of the energy turnaround does not allow for extremely high interest rates and yields.

Rising inflation with two smaller interest rate hikes until 2023 and a growing and remaining rate of price increases would be the basis for a long-term rising gold price. In addition to buying physical gold, an investment in gold producers and exploration companies is a good idea. These have corrected disproportionately since the high of the gold price and offer an attractive risk-reward ratio in the long term.

Interesting mix

One buys a well-diversified portfolio at White Metal Resources. In addition to gold and silver projects, the project generator also invests in promising copper properties in cooperation with suitable partners. Due to its conductivity, copper is considered the "metal of the energy transition" and promises high value increases in the coming years due to growing demand.

The geographic focus of White Metal Resources is on the Canadian province of Ontario. Here, the focus is on the 1,968 hectare Tower Stock Gold Project, in which the Company holds an option to acquire 100%. A summer drill program of 3,000m has now commenced and will last four to five weeks. The drill program will also focus on unexplored areas of the Bench Zone where drilling is spaced 75 to 100 meters apart in places, and as a result, a significant amount of detailed drilling will be required.

In addition to Canada, White Metal Resources is investing in Namibia. If historical drill results are anything to go by, the Okohongo copper-silver project offers enormous potential. Here, too, the Company is currently carrying out an exploration program along the resource-rich, sediment-bedded copper horizon, more than 7 km in size, which extends north of the deposit. Samples of up to 31.8% copper, 65 g/t silver and 20% lead have been collected. The Company now believes that Okohongo's mineralization to date extends much further than suspected.

With a market value of just EUR 4.5 million, the intrinsic value of the projects is already likely to exceed the current market capitalization. In addition, the Company's management plans to steadily expand the portfolio with promising projects.

The turnaround is underway

Nokia, once the world's largest cell phone manufacturer, has had difficult years. Thanks to enormous cost-cutting measures - in March, the Finnish Company decided to cut 10,000 jobs to permanently reduce costs by EUR 600 million by the end of 2023 - and better business, there is light at the end of the tunnel. Due to this, an increase in the annual forecast was now considered. Initially, Nokia was looking for net sales adjusted for currency fluctuations of between EUR 20.6 billion and EUR 21.8 billion and an operating margin of 7% to 10%. JP Morgan upgraded the Finn's stock to "overweight" from "neutral" after the full-year forecast increase was announced and raised its price target to EUR 6.50 from EUR 3.80.

Further upgrade

Investment house Morgan Stanley had already taken action on SAP before the figures. The US analysts kept their rating at "overweight". However, the price target for the Walldorf-based Company was raised from EUR 128 to EUR 136. From a chart perspective, the gap opened last fall by the disappointing quarterly figures has been closed. The next resistance now lies at EUR 130.

The central banks are in a tight spot. If they raise interest rates too much, growth will be slowed down. Thus, if at all, only moderate interest rate hikes are likely in the near future. Gold and equities are therefore ideally positioned for further increases in prices. Gold mining stocks such as White Metal Resources offer leverage to the gold price but are more speculative. Nokia's turnaround seems to be accelerating.


Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

Related comments:

19. October 2021 | 13:44 CET | by Fabian Lorenz

Barrick Gold, Standard Lithium, GSP Resource: Commodities booming

  • Commodities

Copper, lithium and oil are just a few examples of commodities whose prices are going through the roof. The shares of the producers of these commodities are benefiting as a result. In addition, there is now often a takeover fantasy. This applies, for example, to Standard Lithium. The US explorer has now also published positive data for its project. It also applies to GSP Resource. At least as far as drilling results and takeover fantasy are concerned. The share price, on the other hand, still has room for improvement. The same applies to Barrick Gold. The Q3 figures were convincing, with the gold company earning brilliantly on every ounce, but the shares are trading close to the year's low.


05. October 2021 | 11:40 CET | by Fabian Lorenz

BioNTech, Varta, Sierra Grande Minerals - Is the countermovement coming?

  • Commodities

The BioNTech share was under intense pressure in the past trading week. But even at the start of the week, the bulls could not prevail with a countermovement. There is also good news from the new German biotech star. Ripe for a rebound are also the shares of Varta and Sierra Grande. At Varta, the presentation of Apple's new Airpods could herald a share price recovery. Sierra Grande is suffering from weak precious metal prices. The Company has just published positive drilling results. Investors could soon look forward to rising prices for all three shares.


10. September 2021 | 13:50 CET | by Carsten Mainitz

Sierra Grande Minerals, Barrick Gold, Sibanye Stillwater - Tempting valuation levels

  • Commodities

Patience is a virtue. Especially on the stock market, investors are often required to be patient. Why do rising prices take so long to materialize, even though the relevant facts are already on the table? One or the other investor who has invested in commodity shares has undoubtedly experienced this or a similar situation. But those who take a longer-term view and make the proper sense of the relevant framework conditions that determine supply and demand will be successful. Precious metals have proven to be a protection against inflation over long periods of time. Various raw materials such as copper and lithium are experiencing rising demand as a result of electromobility. These three stocks offer opportunities.