Let's look at three current positions that I have recently featured. Since early May some of our featured companies are up exponential. This has come at a time when frankly the junior mining sector has sucked. In some ways its almost as bad as the end of 2015.
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Get Out of Cannabis and Crypto and Move Into Gold and Silver
At the conference I had dozens of meetings with juniors. One of the things that impacted me most was when the CEO's showed up and mentioned to me that they were recently buying their own shares. This is a very bullish testament to me as an investor and it was nice to see two of the CEO's telling me that they are putting heavy amounts of their own net worth in recently as they believe their own stock has value and should rise.
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Gold Forming Huge Long Term Cup and Handle Flag Pattern
Right now gold has been basing for almost 7 years while the majority of short sighted investors chase momentum into bubble like areas in financial stocks, tech and housing despite the record valuations and despite the warning of a market that has been on its longest run since the roaring 20's which preceded the Great Depression.A little junior I featured a few months ago when it was trading at pennies has just broken through the $1 mark on a world class lithium discovery. A few months ago when I first did the interview many analysts were skeptical now the big banks have jumped on board.
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Top Gold Exploration Team in Nevada Trading at Huge 50%+ Discount
Gold could be about to breakout into new 10 year highs when looking at in Canadian dollars and top gold explorers in the best mining jurisdictions will come back into favor as the producers can not replace their reserves. Stick to teams with track records like this team in Nevada. It starts life as an attractive explorer with a proven exploration team, a portfolio of promising targets in mining-friendly jurisdictions, and ~$4 million in cash. Its shares are heading to 90 cents, Beacon Securities said. Its currently trading at more than half off that below 45 cents.
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3 Junior Miners in USA Making Big News at PDAC in 2018
Here we go again as this time of year brings a lot of hype to the mining industry as tens of thousands of people from all over the world come to Toronto to present their goods and services at the PDAC convention. Its not uncommon to pay $300+ for a hotel room to hang around the Toronto Convention Center and go to a bunch of parties.
However, the more experienced junior mining investors are aware of what has been termed by many the "PDAC curse". The PDAC Curse is becoming more widely known when there has been more selling coming out of the conference than buying. However, things may have changed these past couple of years and we are seeing some bullish reversals coming out of PDAC.
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Gold Is Almost Ready To Make the $1400 Breakout!
I recently went to the Money Show conference in Orlando and saw a lot of buzz around crypto currency and cannabis but very little about lithium, cobalt, zinc, copper and precious metals. Notice the pricing in lithium and cobalt is surging. Gold is on verge of huge breakout at $1400.
Remember the days struggling companies would change there names to dot coms? Now they are adding blockchain to their names to dupe investors into the latest fad. Well I'm not falling for it and either should you! Stick to the metals and commodities just beginning to breakout into multi year highs. Look to early stage explorers and developers known as junior miners with top tier assets and management teams with track records and are debt free. See full report by clicking here or you can download attached pdf. Please comment with your thoughts?
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Multi-Year Breakout in Gold at $1400 Could Boost Junior Miners
“We see a breakout at $1,400 in gold, which could mean new multiyear highs,” said Jeb Handwerger, editor of GoldStockTrades.com, which offers a newsletter focusing on mining exploration companies. Gold futures haven’t topped $1,400 since 2013.
A decline in the value of the U.S. dollar has recently helped boost dollar-denominated prices of gold, but Handwerger pointed out that “many investors have been diverted away from mining into much more speculative areas like blockchain and cannabis.”
“Even investment conferences and newsletter writers who were once gold bugs are now cryptocurrency gurus,” and this is very similar to 1999 when gold bulls became dot-com gurus,” he said. “Eventually, we will have another gold rush possibly even bigger than the late 70s but possibly more like the 30s.”
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Is Trump Sparking a Revival in US Lithium Sector?
Many investors are ignoring the recent move in the nation's capital by President Trump to reduce our reliance on imported lithium which more than half comes from South America. A US domestic lithium supply is becoming a top interest for lawmakers and energy companies. I believe we should continue to witness increasing agreements between end user battery makes and junior lithium companies especially in the USA. Notice the chart below the US is nowhere to be found for lithium production despite having significant resources. That could change under Trump.
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Are You Ready for The 2nd Leg Higher in the TSX Venture in 2018?
Looking at the TSX Venture Chart above it appears the Venture peaked in 2011 and bottomed in 2016. Since the summer of 2016 the Venture has consolidated that first move for over 18 months. It appears that we could be starting the next leg higher with this break of 850. We are also moving into a very favorable time period where rallies occur between January and March.
If you want to take advantage of a new year tax loss bounce you should buy a handful of really quality juniors which are still cheap.
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Is Chile’s Mining Industry About To Boom After Election?
For many months now I have related to my subscribers that the pro capitalist movement in Chile was growing stronger and that a rally could begin in the Chilean junior miners as the country turns more pro-busines. I highlighted for close to a year now that maybe Argentina was getting a bit overpriced and we should look at Chile for the critical lithium supplies.
Over the weekend the runoff election was announced and my forecast of Chile turning pro business was spot on. Conservative candidate Pinera won by a huge margin pledging to rebuild the economy and open up the country to foreign investment. He won more votes than any other president indicating the people of Chile want the economy to rebound.
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