The situation in gold and gold stocksis not stagnant. Something shifted. And the implications are not minor.A Moment of RealizationIn 1993, Aerosmith released the songcalled “Amazing”. I really enjoyed it when it came out and some of the lyricsstuck in my mind. When I was reviewing the charts to prepare today’s analysis,I recalled a part of that song. I wasn’t sure why, as...Read More
The situation in gold and gold stocksis not stagnant. Something shifted. And the implications are not minor.A Moment of RealizationIn 1993, Aerosmith released the songcalled “Amazing”. I really enjoyed it when it came out and some of the lyricsstuck in my mind. When I was reviewing the charts to prepare today’s analysis,I recalled a part of that song. I wasn’t sure why, as...Read More
Gold price rallied this week, and thisgot many heads turning. Rightfully so?Let’s check the details and see whatreally happened.Having said that, let’s take a look atgold’s rally. Gold moved above its April 2023 high.Again.HistoricalPatterns: A Look BackThis is the fourth time that ithappened if we don’t count the tiny early-January attempts.All those moves have been invali...Read More
Perpetua Resources should receive a final Record of Decision for its Stibnite Gold Project from the U.S. Forest Service, according to a Roth MKM report. Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) offers favorable gold project economics and increasing strategic support from state and federal stakeholders, according to a February 2 research note from Roth MKM analyst Mike Niehuser.The Stibnite...Read More
Gold price rallied this week, and thisgot many heads turning. Rightfully so?Let’s check the details and see whatreally happened.Having said that, let’s take a look atgold’s rally. Gold moved above its April 2023 high.Again.HistoricalPatterns: A Look BackThis is the fourth time that ithappened if we don’t count the tiny early-January attempts.All those moves have been invali...Read More
Gold price rallied this week, and thisgot many heads turning. Rightfully so?Let’s check the details and see whatreally happened.Having said that, let’s take a look atgold’s rally. Gold moved above its April 2023 high.Again.HistoricalPatterns: A Look BackThis is the fourth time that ithappened if we don’t count the tiny early-January attempts.All those moves have been invali...Read More
Gold price rallied this week, and thisgot many heads turning. Rightfully so?Let’s check the details and see whatreally happened.Having said that, let’s take a look atgold’s rally. Gold moved above its April 2023 high.Again.HistoricalPatterns: A Look BackThis is the fourth time that ithappened if we don’t count the tiny early-January attempts.All those moves have been invali...Read More
Gold price rallied this week, and thisgot many heads turning. Rightfully so?Let’s check the details and see whatreally happened.Having said that, let’s take a look atgold’s rally. Gold moved above its April 2023 high.Again.HistoricalPatterns: A Look BackThis is the fourth time that ithappened if we don’t count the tiny early-January attempts.All those moves have been invali...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on American Eagle Gold Corp.'s stock to explain whether he believes it is a Buy.Note the action on American Eagle Gold Corp. (AE:TSXV) with a print just a penny below the all-time high at CA$0.50 on 618,176 shares volume on a day when everything was in the red. I continue to pound the table on this issue as the NAK discovery is real and bi...Read More
Perpetua Resources should receive a final Record of Decision for its Stilbnite Gold Project from the U.S. Forest Service, according to a Roth MKM report. Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) offers favorable gold project economics and increasing strategic support from state and federal stakeholders, according to a February 2 research note from Roth MKM analyst Mike Niehuser.The Stibnit...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on American Eagle Gold Corp.'s stock to explain whether he believes it is a Buy.Note the action on American Eagle Gold Corp. (AE:TSXV) with a print just a penny below the all-time high at CA$0.50 on 618,176 shares volume on a day when everything was in the red. I continue to pound the table on this issue as the NAK discovery is real and bi...Read More
Michael Ballanger of GGM Advisory Inc. shares one stock he believes is a one-stop-shop for copper and gold investors.Freeport-McMoRan Inc. (FCX:NYSE) is the world's largest producer of molybdenum, is a major copper producer, and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.If you are a copper and gold bull (as I am), you have to like the idea of "one-stop-shopping"...Read More
Dakota Gold Corp. recently announced positive drill results, according to Agentis Capital.Dakota Gold Corp. (DC:NYSE American) announced positive drill results from its Richmond Hill project in South Dakota's Homestake district, according to a January 31 research note from Agentis Capital analysts Michael Gray and Jake Savage.The eight holes contained high-grade rare earth element (REE) mineraliza...Read More
Several resource companies provided preliminary fourth-quarter results, with mostly misses on guidance (notwithstanding higher production), higher costs, and weak outlooks for 2024. Global Analyst Adrian Day believes market reactions were overdone, however, making for some very good buys.Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) reported higher production in the fourth quarter when it released preli...Read More
LONDON, 1 February 2024 - This month's Lunar New Year holidays in China could offer Western investors the chance to buy gold on a dip in price, says leading US financial news-site MarketWatch today, quoting analysis from BullionVault. While China's surging private-household gold demand "shows no sign of letting up," says the report, "Western investors who want a dip in the gold price to start ad...Read More
Dakota Gold Corp. announced the discovery of important rare earth elements (REEs) at its Richmond Hill Gold Project in the historic Homestake District of South Dakota. See why this could open new economic and permitting opportunities for the company.Dakota Gold Corp. (DC:NYSE American) announced the discovery of important rare earth elements (REEs) at its Richmond Hill gold project in the historic...Read More
Michael Ballanger of GGM Advisory Inc. takes a current look at the state of the stock market and shares some stocks he has been keeping an eye onThere are many famous quotes passed down over the years by hundreds of investment gurus and while I think that reprinting witticisms conjured up by self-anointed messiahs is disingenuous at best, I use them as a token of respect for the author. I love to...Read More
Idaho Strategic Resources Inc. saw record gold production in 2023, according to a Roth MKM research note.In a January 29, 2024 research note, Roth MKM analyst Mike Niehuser reiterated a Buy rating on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) with a US$9 price target. The Idaho-based mining company has seen record gold production at its Golden Chest Mine while advancing rare earth elements...Read More
LONDON, 31 January 2024 - Comment from BullionVault features today in a report on last year's global gold demand from the Financial Times, the UK's financial newspaper of record."Blistering demand from central banks also helps keep yellow metal above $2000 per Troy ounce," says the FT.Read the full story, including BullionVault's comments, in today's newspaper or at FT.com here:Chinese investors b...Read More
Technical Analyst Clive Maund takes a look at Soma Gold Corp.'s 6-year, 18-month, and 6-month charts to explain where he believes it is headed. With its gold production set to ramp up substantially this year and in years to come so that increasing revenues rapidly reduce outstanding debt, the outlook for Soma Gold Corp. (SOMA:TSX; SMAGF:OTCMKTS) could scarcely be brighter. With AISC (all-in sustai...Read More