Precious Metals Shares Continue To Show Strength In The Face Of Metals Weakness
We have been chatting a lot about how well the gold and silver stocks are holding up while the underlying metals prices have been trending lower. Today is another good example of this trend continuing.
Craig Hemke joins me today to share a chart that caught his eye comparing gold company producers (XAU) to the gold price. This chart is showing a short term breakout that could signify the start of a very bullish long term move for the overall PM sector.
Click here to visit Craig’s site and follow along with his metals commentary.
+1 Fritz Bender. ANX has accomplished many production and exploration milestones the last 2 years, and it will be interesting to see if more investors and funds come to this revelation in 2020, as they were mostly ignored in 2019, but they delivered far better on their strategy than most mining companies.
I’m also curious to see if 2020 is the year that Anaconda and Maritime will finally combine both sets of assets into 1 larger company.
Yes, I looked over all their data again yesterday and could not find a real weakness. They do not have multi million ounces but they can and will increase their reserves. Was going to get some Osisko mining but did not want to chase it even higher. Looked at Anaconda and added more. I mean 16.3 cents really. I feel compelled to get as much into miners as I can before this rocket takes off. Listen To Jordan Byrne almost a permabear is bullish now.
These Stocks Can Be 10-Baggers at $2500 Gold
December 09, 2019 Jordan Roy Byrne CMT, MFTA – 10-BAGGER PODCAST
“Don Durrett, (goldstockdata) is very knowledgable about the entire spectrum of gold and junior gold stocks. In seeking out 10-baggers, he favors development stories that “look like” optionality plays. He shares more than a handful of potential 10-baggers should Gold reach $2500/oz.”
10 bag producer candidates $LMC $AR $HUM.L $ELD and developers $FPC $FF $ORE $AGC $AMM $AUMN
https://thedailygold.com/these-stocks-can-be-10-baggers-at-2500-gold/
Their will be 100+ 10 baggers @$2500 US.GOLD.JUST KNOW HOW TO THROW A DART
Exactly. 2500 represents a 70% move from here and there were a number of 10 baggers in 2016 while gold moved up 30% (I had three). Some did far better like BBB.V (23 bagger) and SIL.V (30 bagger).
Of course, that’s assuming SILVER @ $30 US
At 2500 gold, I think silver would easily be 45. That would make for a reasonable gold/silver ratio of 55:1.
For the last 20 years, the average GSR was 60:1 but bull moves often ended with dips well below 50:1.
https://www.mining.com/web/alert-gold-silver-ratio-spikes-highest-level-27-years/
No disagreement with your thoughts, Matthew, just keeping in balance with current circumstances. It ALL revolves around the standing of the USD going forward.
I bought more Anaconda today, It is my next biggest holding now. I love the story, the gold is there, they have cash flow> I believe AISC is 1k per ounce. More exploration and various areas. Creating good paying jobs. Bright future.