Gold Mountain acquired Bayshore Minerals in September 2020, with 100% ownership of the Elk Gold Project in the Merritt area of British Columbia, Canada. The Company has a strong treasury and is fully funded to execute on its growth objectives and rapidly achieve its vision of becoming a million-ounce company. With a strong mix of…
During this quarantine I have been blessed to speak to some extremely successful entrepreneurs in the mining sector. It has been during this pandemic crisis that opportunities arise for astute investors who can think quickly. Many smart investors who left the mining sector to real estate, cannabis and crypto have come back to safe haven in the form of precious metals and gold miners. Just as the sun rises and sets every day like clockwork so too the markets have their cycles.
Now the cycle has been turning for gold and the miners. Gold is one of the few asset classes that have outperformed this year! Investors are looking for unparalleled value and leverage to the rising gold price in the form of wealth in the earth with great management team and the best backers.
This is where the problem lies with a lot of gold miners. More than 10% of gold mined is lost in this 100 year old cyanide solution using activated carbon. This comes at a huge cost for big producers like Agnico, Kinross and TMAC. A 200k oz/year producer could lose over $26 million annually just lost in cyanide solution and carbon particles.
Several weeks ago when the TSX Venture was on its back due to tax loss selling I warned its planting time not selling time predicting a year end breakout in gold and the junior miners. Now gold has rallied pretty much everyday for 2 straight weeks making it short term overbought after a powerful breakout move into new 7 year highs.
Don't be surprised for a little profit taking along the way as precious metals bulls who have been beaten down for so long are finally able to take some gains as gold is overbought because of the recent instability in Iraq over the killing of the Iranian General by the USA.
Any connection? $spy #usdebt reaching 24 trillion. Every ten trillion equals 1k points on the #sp500?? pic.twitter.com/i10yd19Q1A — Jeb Handwerger (@goldstocktrades) November 12, 2019 Following the Great Financial Crisis in 2008, Governments around the world flooded the banks with cash expanding their balance sheets. Rates were kept artificially low to continue to try to support…
Remember the best time to start acquiring juniors is during tax loss selling. Find some juniors beaten down for no good reason that have been publishing great drill results.
There is no doubt about it that the gold and silver breakout in 2019 is for real and it could be the end of what could be one of the most severe bear market downtrends in mining stock history. Gold corrected less than 50% from 2012 to 2016 but the mining stocks which are highly leveraged…
It was in the late 1990's when I was just graduating high school that I decided I wanted to go into junior mining. I remember studying the life of Herbert Hoover who went from being a poor farm kid to President of the United States based on his background in mining exploration. I studied the…