New Gold Explorer in Nevada Breaks Out into New Highs on Drilling Update

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 to the price were not prepared at all and suffered a once in 100 year collapse.  Fuel was added to the fire when mining champions of yesteryear bailed out and went into Crypto, AI, Airplane stocks and Cannabis.sc-160

All the speculative dollars which were supposed to fund exploration due to a coming metals shortfall have pretty much all dried up.  Financing in the mineral industry is just a fraction of past bull markets.  Other than Eric Sprott there are very few billionaire investors left in junior mining and who put down a lot of money to risk.

Many of the geologists and engineers I worked with either retired or died and the young ones either changed careers or got a government job.  The mining industry is North America has been virtually gutted over the past 5 years.  Recent mergers has also caused a massive new wave of retirees now that they are being offered the golden handcuffs after a 30 year career at Barrick and Newmont to cut costs.  Good luck trying to replace them.  Not easy to find guys out of school that know how to operate these gold mines successfully.

There have been very few disruptive discoveries which are needed now in this sector more than ever.  The rate of discovery is at an all time low.  Many of the gold geologists and mining engineers are retiring or passing away.  If we get a metal shortage and need to boost mine development again it will not be easy.

One jurisdiction I have always loved for many years is Nevada.  This is where great wealth has been made in gold mining with Royal Gold, Franco Nevada, Barrick, Newmont and Kinross.  Eighty percent of gold production in USA comes from the Silver State and they mined over 5 million ounce of gold last year.  Its one of the few places in the world where you can find monster 20+ million ounce gold deposits in a mining friendly area with major  infrastructure.  Although I've made tons of mistakes in mining one of the few places where I benefitted from buyouts and strategic investments at a premium was in Nevada.  I never had to deal with a resource being expropriated, robbery or violence.

Don't get discouraged that the money hasn't trickled down to the juniors.  It has started but it takes time.  Notice the majors merging, Barrick with Randgold and Newmont with Goldcorp.  These are signs of a bottom and the beginning of an uptrend.  We saw the Australians buyout Atlantic for $800 million.  In Nevada specifically, we saw Coeur buyout Northern Empire and BMO put over $20 million into Gold Standard Ventures.sc-161

Now I'm beginning to notice even some really good juniors in Nevada are breaking out!  Barrian Mining $BARI.V $BARRF which I own shares in and is a website sponsor has been basing for 5 months since they came public at the end of April.

They may be on the verge of breaking out of a cup and handle and past the IPO price as they announce some significant drilling news from Nevada.  They completed their summer drill program and disclosed today their was visible alteration which means potential for mineralization in all drill holes.

The drill program was completed on time and on budget and all the samples are in for assay!  Maximilian Sali, CEO and Founder comments “Drill hole logging by our geological team identified encouraging zones of alteration and mineralization in all ten holes, and we are confident that it will translate into positive results essential to advancing the Project.”  See the full news release by clicking here... or https://barrianmining.com/uncategorized/barrian-mining-completes-drill-program-with-two-final-holes-targeting-the-previously-producing-high-grade-silver-gold-zones/

Barrian is a new gold explorer in Nevada which could be on the verge of a major discovery and since its new the share structure is tight with less than 50 million shares outstanding.

 The Ceo Max Sali is a hard worker and tireless marketer traveling around the world telling the story.   I believe he is presenting this weekend in Muskoka conference.  He has a lot of skin in the game with close to 3 million shares.  The company is also founded by Brad Telfer whose father you may know from Goldcorp Sir Ian Telfer.  The head geologist is Kris Raffle who was highly instrumental in the success of the Gold Standard discoveries which just received a major investment of over $20 million from BMO.

Listen to my recent interview with $BARI.V $BARRF CEO Max Sali where he discusses the recent excitement around Barrian and the current drill program which could be exciting!

Also check out Jordan Roy Byrne's interview with Director Jim Greig from the Metals Investors Forum recently...

News should be only a few weeks away.  Drilling for gold in Nevada with a tight share structure.  5 month old stock on the verge of a breakout into new high territory with gold breaking out into multi year highs should be looked at.

For more research and due diligence call Barrian $BARI.V $BARRF toll free at  1 855 210 4846 or EMAIL info@barrianmining.com.  Ask to speak to the CEO Max Sali.  Please tell them you are a Goldstocktrades/Jeb Handwerger Blog reader.  Check out their website at barrianmining.com

Disclosure:
Author (Jeb Handwerger) owns shares in $BARI.V $BARRF and they are a featured sponsor company.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content.

 

 

 

 

 

 

Sun Metals $SUNM.V $SMTTF Shedding Light on a Whole New Disruptive Discovery in Canada

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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 history of some of the top American Families and realized it was the shares of natural resource stocks growing exponentially in value that created that generational wealth.

I was blessed to start out in this sector at a major bottom around the turn of the century.  After September 11th and the beginning of the Iraq War gold started an uptrend which lasted 10 years.  It was so easy picking gold stocks, especially if they were US listed and sponsored by institutions.  The explosive market even allowed some of the lower quality juniors to jump higher as the gold price continued to climb.

After multiple quantitative easings in 2010 and soaring sovereign debt levels investors thought inflation could climb to double digits.  Gold and silver soared to $1900 gold and $50 silver.

However, the majority of investors did not predict stocks and real estate to rise with no inflation of commodity, precious metals or food prices yet.  Stocks and housing have soared while commodities and precious metals have based for over 8 years.  The recent cover of a major financial publication was entitled "Inflation is Dead".

Its during these psychologically challenging bear markets that a mining investor really has to show if he knows his stuff and can make it through one of the most difficult bear markets of all with a declining gold and silver price and when all the weak hands are shaken out.

Most producers or developers will struggle in these environments unless they make a new high grade discovery.

Notice this year numerous examples in junior mining where despite 90 out of 100 stocks declining, a handful can show incredible relative strength if they are building value finding high grade orebodies in exciting mining jurisdictions.

Untitled 7This is a market where you need to stick with the mining explorers telling you where the high grade can be, not the engineers telling you what is wrong with a project at the Feasibility stage after sometimes 100's of millions have been put into the project.  I notice companies announcing these economic studies and they rarely go up after publishing them instead they mostly go down as it usually is a reality wake up call to the market.

You need to know the people behind the company.  This is an area that can be challenging because bad actors weasel into what looks like kosher situations. Make sure to download the filings and reference check the management and directors.  Do they have a track record of making money for their shareholders or are they in it just to get a paycheck to support their high priced lifestyles.  If you see a Chairman and CEO with a track record of major value creation that's a good sign.

One example in this really tough junior mining market which we have been writing about for over a year is one that could have that rags to riches potential as it is what could be classified as a "disruptive discovery".

A "disruptive discovery" is when the consensus of experts thought something couldn't be there.  Its happened in the past with Eskay Creek up in BC which became one of the worlds richest mines and it could be happening now with Sun Metals finding a carbonate replacement deposit in BC which up until this point has never yet been found.

Usually they are found in places like Ecuador and Mexico, not B.C. Canada.  I highlighted this company last summer before drilling hole 421 which was one of the best high grade drill holes in the World last year.

Even after this hole was announced the stock went down as investors were stoned off cannabis stocks.  It wasn't until Teck came in and took 11% of the company, that investors started to realize that Sun Metals may just be getting started into this high grade CRD system.

Untitled 5Sun Metals also has cleaned up the structure, consolidated 100% ownership now of the Project and eliminated royalties.

Now watch Sun Metals $SUNM.V $SMTTF this week as they head to the Las Vegas Money Show to tell their story.  I heard they are on a panel with Brien Lundin next week.  Remember these are the same guys who built Fronteer Gold into a billion dollar company in Nevada back in the last cycle.  Some of my smart mining analyst friends think this could even be better?

 

When Dr. Mark O' Dea and Dr. Peter Megaw who have made fortunes for investors in these type of deposits says this drill hole is a game changer pay attention.  These are some of the best explorers in the mining business.  CEO Steve Robertson was also hugely instrumental in the Red Chris Discovery that Newcrest just bought up in BC.SUNM Interview Template

Sun Metals is bouncing off the 50 DMA in a clear uptrend and could be on the verge of a breakout as they announce the kickoff of the next drilling program which will follow up drill hole 421.  It's going to be an exciting summer and I suggest you reach out to management before the drills start turning to ask the tough questions while you can before the news flow starts.

Its been over two decades since I started investing in the mineral exploration business. During this time I have come to recognize the true leaders in our industry who consistently win for their shareholders.

If you have followed my blog since I started in 2009 you will remember one of my first favorites Fronteer Gold $FRG which I wrote about for years before it was purchased by Newmont for over $2 billion in 2011. That win was huge for my readers and for me personally. In addition it was nice to be recognized and to build my reputation in the mining industry.

I unfortunately didn’t know at the time that would be the end of that gold bull cycle which I rode from the beginning in the early 2000’s. This correction since 2011 for now 8 years has caused many weak companies to go under or move into other fast money sectors like weed or bitcoin for a quick blip.

What is the benefit of these bear markets? Its nature’s way of weeding out many of the low quality management teams and underperforming fund managers. It becomes quite apparent during these corrections the blue chip management teams which consistently reward their shareholders with major buyouts.

Donald McInnes and Mark O’Dea from the Oxygen Group now have sold 5 companies. The one we witnessed firsthand was Fronteer’s Long Canyon in Nevada and I believe we may be onto our second major win with this group which might even be more disruptive than opening the entire eastside of Nevada as Fronteer did back in 2011.

This new discovery made by Oxygen Group’s Sun Metals $SUNM.V $SMTTF last year with drill hole 421 was amazing to me and immediately when I saw the news I shared it with all of you on my website back in November of 2018. It is unheard of to find in Canada a CRD like this with such high grades and size. This could be a disruptive discovery. Drill hole 421 intersected 100M of 5% Copper into the heart of what could be a major mineralized system.

This could be just the start like early stages of Long Canyon but better. There is extremely high grade gold plus high grade base metals.

Carbonate Replacement Deposits (CRD’S) are famous in Mexico where billion of ounces of precious metals have been mined for hundreds of years for a very simple reason. They are huge, simple to mine and they are high grade.

They have precious metals and base metals. Chemistry of the carbonates or limestone minimizes the oxidation so the metallurgy of these systems are simple. CRD’s can be the most profitable mines and have made early stage mining investors a fortune. A lot of Mark O’Dea’s wins have been CRD’s.

Its very rare to find a CRD in Canada which is one of the best places to mine from a geopolitical perspective. That is why Teck $TCK the large NYSE producer who does impeccable due diligence bought into $SUNM.V at a premium. This was a huge vote of confidence in the project.Despite the mining market malaise $SUNM.V Sun Metals is in an uptrend showing great relative strength. Drilling to follow up on the area of drill hole 421 one of the best intersections in Canada for 2018 is starting within weeks.  Listen to my recent interview with Sun Metals $SUNM.V SMTTF CEO Steve Robertson below.

Disclosure:
Author (Jeb Handwerger) owns shares in SUNM.V and they are a featured sponsor company. Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content.


 

 

Will Guyana Be Barrick’s $ABX Next Big Jurisdiction or Newmont $NEM?

For many months I've been highlighting a small junior miner in Guyana run by some of the top geologists and engineers in the business.  It was ignored for most of 2018 but this year in 2019 has been one of the best performers in junior mining as they have made a new high grade and shallow gold discovery which has raised the eyebrows of the smartest decision makers in mining.

Lots of smart people are following Guyana as its a jurisdiction largely underexplored and where there can be massive large scale gold discoveries.  Barrick's new President and CEO Mark Bristow loves Guyana and recently made an approximately $4 million investment in a small grassroots explorer.  This could be just the beginning of investments made in Guyana.  Guyana is an English speaking country with British Law and a stable democracy. There could be a major mining and natural resource boom in Guyana in 2019.

Although Barrick is investing in grassroots or what some may think "moose pasture", I'd prefer to stick to projects already derisked with economics with a PEA or Pre- Feasibility with no environmental or social issues and is ready to go right into production.  I like to see new high grade shallow discoveries already near existing infrastructure.

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There is a little junior adding high grade gold ounces every day with two rigs turning with a deposit open in many directions and at depth.  The new discovery is 1.5 km away from its major project.  They announced news today that the new high grade deposit is expanding and is open to depth and along strike.

GXS-NR-2019-3-06-Figures-3

Now this little rapidly expanding junior miner is planning another step out 100 m along strike to better define this new discovery as this new mineralized zone could transform this little junior and attract the major miners like Barrick, Newmont or possibly Iamgold who currently produces in this area and already owns 4% of this junior.

Listen to my recent interview with this 40 year miner who worked at the top of BHP for many years by clicking here... 

GXS Interview Template

See today's news release by clicking here...

See the excellent geological diagrams and maps from recent drilling by clicking here...

Check out the company's latest presentation by clicking here...

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Sign up for my free newsletter by clicking here… 

Please see my disclaimer by clicking here…
To send feedback or to contact me click here
Tell your friends! Please forward this article to a friend or share the link on Facebook, Twitter or Linkedin.

For informational purposes only.  This is not investment advice.  May contain forward looking statements.

Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit.  Lorraine is a sponsor.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.

Its Like 1999 All Over Again For TSX Venture $CDNX Investors

I would never of thought it but its like 20 years have gone by and TSX Venture investors are at same value as 1999.  At that time copper was under 75 cents a pound.  Now its close to $3 per lb.  Gold was under $300 now its above $1200.

The junior mining space is the cheapest its ever been and I believe it could be a once in a lifetime opportunity.  Meanwhile, the stock and bond market may have already topped.  The US dollar is about to be manipulated lower as the US needs to pay back the huge debts with cheaper dollars.

Check out my video update by clicking here...

https://www.youtube.com/watch?v=DC6bDmmYtMA

There is a lot of press on how electric vehicles are going to need a lot of #batterymetals especially #copper.  The big miners are actively looking to replace many of the old mines that are getting shutdown especially with high grade deposits in mining friendly jurisdictions.

See the big news this week in Canada of a huge new copper discovery in BC?  Check it out by clicking here...

https://www.youtube.com/watch?v=YG53GLwg4xE

Have a great weekend and remember we only have about six weeks left of tax loss selling before what could be a great rally ahead.

___________________________________________________________

Sign up for my free newsletter by clicking here… 

Please see my disclaimer by clicking here…
To send feedback or to contact me click here
Tell your friends! Please forward this article to a friend or share the link on Facebook, Twitter or Linkedin.

For informational purposes only.  This is not investment advice.  May contain forward looking statements.

Disclosure: Author (Jeb Handwerger) owns shares in SUNM and LLC and I want to sell them for a profit.  Lorraine is a sponsor.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.

 

 

Best Drill Hole in Canada in 2018 $SUNM.V $LLC.V Stardust Property ???

Some times the best buys are at the times when you have to hold your nose.

Market volatility has increased this October with rising US rates and a crashing Global currency crisis.   Gold should come back into favor as stocks continue into bear market territory.  The Fed may start to scale back on interest rates if stocks continue to crater.  This could turn real rates negative and push capital into precious metals and the junior miners which have already been in a 10 year bear market.

The rotation from stocks and bonds into commodities hasn't even really gotten started yet.   Nobody is looking at the juniors and there isn't much research coverage now as investors rely on blogs and social media forums to get good information these days.

Despite this horrible bear market in junior miners that has been ongoing for several years.  This month we saw a major discovery hole come out of BC with Mark O'Dea's Sunmetals $SUNM.V drilling the best intercept ever hit at the property in North Central British Columbia and possible the best drill result in Canada in 2018.  They hit over 100 meters of 5% copper equivalent.  That is spectacular!  Lots more hopefully to come this year.

The excellent management and technical team thinks they are in the guts of the high grade system and there are lots of assays pending.  I take these guys seriously as we made a lot of money with them on Fronteer's Long Canyon discovery which was acquired by Newmont for over $2 billion at the height of the last bull cycle in junior miners.  



Sunmetals has optioned the property from Lorraine Copper $LLC.V $LRCPF.  I own both but Lorraine may be another way to play this discovery.  Remember there may be more than a dozen holes still not released yet.  Could be a long way to run here?  

Listen to my interview with Bill Morton CEO of Lorraine Copper $LLC.V $LRCPF who made the deal with Sunmetals to make this great new discovery in BC.  Bill was early on this property and this is some of the best results in Canada this year. Bill has held positions with companies such as Giant Mascot, Sumitomo and Imperial Metals.

Lorraine Interview Template

https://www.youtube.com/watch?v=YG53GLwg4xE

Best wishes,

Jeb Handwerger 

Disclosure: Author (Jeb Handwerger) owns shares in SUNM and LLC and I want to sell them for a profit.  Lorraine is a sponsor.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.

Are You Ready For the Fall Fireworks in Gold – Silver After Labor Day?

Over the years, I have come into contact with some of the smartest fund managers in the gold business and the intelligent money was very excited to see this selloff in gold as a long-term discount buying opportunity. Long-time investors know that the summer months are usually down that is why they call it the summer doldrums when investors go on vacation and price and volume levels usually decrease.

July was unique in that you had a very strong US dollar due to the collapse of the currencies in China, Turkey, and Venezuela. A rise in the US dollar coincided with a record short position on gold not seen since the end of 2015 and major retail funds liquidating their precious metal positions. This triple whammy caused a capitulation in gold below $1200 per ounce this summer and new lows for most major miners including Goldcorp (GG), Barrick (ABX), and Newmont (NEM). The junior miners (GDXJ) were hit even harder with many stocks hitting new lows.

One way to go poor in investing is by following the masses. The consensus opinion is usually wrong at turning points. The last time we saw this record short position in gold was at the end of 2015 before a powerful rally. The record short position is actually now even greater than the end of 2015 and coincides with the tech bubble in 2000 when gold was under $300 an ounce.

In addition to this record short position, we are witnessing retail funds leave the precious metals space most notably Vanguard. Short selling combined with huge funds liquidating has caused a short-term panic. Investors know that new uptrends begin after a climax bottom or selling capitulation. Recent volume spikes in early August may have signaled that the selloff peaked.

What does this record short position and precious metals fund liquidation mean to smart contrarian value gold investors?

Read more on seekingalpha for free by clicking here!!!  Please comment.  I talk about Pilbara, Golden Triangle and Nevada!

NuLegacy Gold $NUG.V $NULGF Could Be Onto Next Goldrush in Cortez Trend

For years NuLegacy Gold's $NUG.V $NULGF CEO James Anderson has been championing the exploration in Nevada's highly desirable Cortez Trend believing that his company could be onto what could be the next great gold mine of this prolific belt.  Mining investors know that it is on the Cortez Trend where the most profitable and safest mines in the world can be found.  

Barrick's (ABX) Goldrush mine on the Cortez Trend in Nevada could be its biggest winner.  Construction is set to start by 2022.  "Goldrush currently has proven and probable gold reserves of 1.5 million ounces and measured and indicated gold resources of 9.4 million ounces, with significant potential to identify additional resources once underground access to drill the deposit is established." (Barrick Website)  There have been very few discoveries like Goldrush in the past 20 years.

If Barrick (ABX) wants to come back its success lies on focusing on Nevada.  They need to find more Goldrush's and that is why I believe they are going to possibly buy NuLegacy $NUG.V $NULGF while it is still cheap.

I saw NuLegacy CEO James Anderson when he joined me on a mining and metals fishing trip around the BMO conference in Miami.  James said he really was excited about this year's program and believed they would be successful.

31503071_1984664684938962_3447470549423357952_n

News today looks like his forecast is being proven credible.   "Drill hole SR18-02C, a -70º angle core hole drilled as a 100-meter step-out to the west of the currently defined Serena zone, encountered 8.7 meters of 16.92 grams/ton gold within a broader interval of 22.1 meters grading 6.59 grams/ton gold starting at a vertical depth of 258 meters."

Look at the Board of Directors of NuLegacy you will see former executives for Barrick and Ed Cope who was the lead exploration man for Barrick states, "...The grade is excellent, and reminiscent of the grades Barrick found while drilling Goldrush several years ago."

Things are moving fast here four follow up holes then about a dozen more in mid-September.  NuLegacy hired a Barrick Geologist Charles Weakly who worked on Goldrush.  He stated, "Everything we saw at Goldrush exists on the Red Hill property...our methodology for finding higher grades is improving constantly.”

Barrick and Oceanagold are already insiders.  Toqueville Gold is also a major fund backing NuLegacy as an insider.  You got the smartest shareholders and the best technical team.  Remember these guys are looking for a grand slam giant deposit.

As the CEO stated before in an interview “Elephant-sized deposits [are] the goal. That is why we have been given the mandate and the geological brain trust to step out and drill some of these high-impact targets. It’s the home run that people are looking for.”

Please see their latest news by clicking here...

Please phone 604-639-3640 contact James Anderson (CEO) at james@nuggold.com, Albert Matter (Chairman) at albert@nuggold.com  or visit www.nulegacygold.com send them a quick hello and congrats and let them know you found out about NuLegacy from your friend Jeb Handwerger.  It would be greatly appreciated.

This could be just the beginning and the breakout needed for NuLegacy Gold.  Please note for full disclosure I am a significant shareholder and they were a sponsor in the past so I may have a conflict of interest and could benefit from a higher share price and increased volume.

Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.

Junior Mining Stocks: Buy Fur Coats During A Summer Heat Wave

Buy Fur Coats During A Summer Heat Wave...buy junior miners during the summer doldrums when most people are snoozing.

My Father grew up in the garment business as my grandfather had a successful tailor and dry cleaning store in the South Bronx right off the Bruckner Blvd.  One of the first lessons he taught me was buy the highest quality winter gear during a heat wave in the summer.  Most people don't even look out a few weeks let alone a few months.  Use other people's shortsightedness as an advantage to get bargain basement opportunity.

Although its the summer doldrums and its hard to stay focused on the markets, we must not ignore the few areas in the mining sector that are really drawing the attention of the markets.  Eventually our sector will come back and could possibly lead.  Look at oil and copper a couple of years ago it was in the basement and now it has led over the past year.  It almost moved up so high recently that I got nervous for a short term pullback.  Same with gold miners they will eventually come back into favor as the explorers are having a hard time finding new economic gold deposits.  There will be more investments into the juniors notice the recent strategic move of Goldcorp to take a position in Allegiant Gold which I featured only a few weeks ago right here...

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.

Nevertheless, don't give up hope.  Attention should be paid as there is a major conference in Vancouver all next week run by the big boys Sprott, Rick Rule and Doug Casey.  I expect a lot of news going into that conference and possibly buying in the market as you have the top mining promoters and investors who can afford the $900 entrance fee.  Unfortunately, I will not be able to attend but I will have subscribers there that could report back.
http://www.cvent.com/events/2018-sprott-vancouver-natural-resource-symposium/custom-17-1bdaa1f10192419d9f2f6ef3b95b8f23.aspx

First off there are two areas that many of my active subscribers are currently interested in and that I expect to see a push at the conference.  One of them is the golden triangle in BC. Its getting a lot of interest.  Last summer a few stocks went from pennies to dollars as they hit with drilling.  I think we could see another summer of great results thanks to the global warming in that area that has led glaciers to recede and new gold targets to be found. I recently highlighted and bought shares in the open market of $GOT.V Goliath Resources run by Roger Rosmus.
 
They are drilling two new discoveries during this season. Management is very confident that this year’s drilling success will have a positive and material impact on the market cap.  The stock is on the verge of a major cup and handle breakout at $.28 where the next stop could be $.40 according to the technicals.  Give Roger Rosmus a call if you would like to learn more!

 
Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer Tel: +1-416-488-2887 x222
Check out the recent exploration news here...
https://goliathresourcesltd.com/wp-content/uploads/2018/07/GOT-news-release-2018-Surface-Exploration-Program-Commences-July_5_2018-1.pdf

Another area which could start gaining momentum again is the Pilbara in Western Australia.  Eric Sprott has been adding to his position Novo and I expect more bulk sampling news which could prove more continuity in the region.  I expect some news before this upcoming conference.  As you know I recently bought shares and have been highlighting Pacton Gold $PAC.V as our pick.  Novo may be bought out soon by Kirkland Lake with some development success which could put all the eyeballs on Pacton which Sprott just bought into when the company raised around $5.5 million and now control the 3rd largest position in the Pilbara Region.  

The chart is excellent looking to form another breakout above $.90.  Its been one of the best performers on the TSX Venture in 2018.  It could be just the beginning if Novo makes some positive developments going into this Sprott Conference in Vancouver.
For more information on Pacton Gold contact 1-(855)-584-0258 or info@pactongold.com and ask to speak to the Chairman Dominic Verdejo
Check out their recent news by clicking here...
http://pactongold.com/index.php/investors-en/news-releases/193-pacton-gold-to-acquire-highly-prospective-bellary-dome-project-in-pilbara-mining-region-where-multiple-nuggets-discovered

Finally I would like for you to look at an interview with Plateau Energy Metals $PLU.V $PLUUF.  You may remember it as Plateau Uranium but it has changed its name as they have made a huge lithium discovery which they have taken from discovery to a possible maiden resource any day now which could knock the socks off the lithium industry!  It could be big.  I wouldn't be surprised if this could be soon taken out by a Lithium Americas or possibly the Chinese once they have that maiden resource in hand as early as the next couple of weeks.  

Please listen to this interview as this is quite exciting times for $PLUUF!  

https://www.youtube.com/watch?v=ec_4CrUHXzE

Best wishes,

Jeb Handwerger

Disclosure: Disclosure: Author (Jeb Handwerger) owns shares in these sponsored companies and I want to sell them for a profit.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.

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Get Out of Cannabis and Crypto and Move Into Gold and Silver

Summary

1)2018 has seen so much volatility in the equity and bond markets after going straight up since 2009.

2)"Everything" bubble is simply the result of record low negative real rates manipulated by Central Bankers to prevent deflation by all means possible.

3)The ending of QE combined with increasingly inflationary concerns has sparked the US to start raising rates.

4)Unwinding of easy money policies could be quite painful.

5)Stay away from margin and company's with any debt on their books.

One of the most overlooked stories in 2018 has been the volatility in equity and bond markets.  The "everything" bubble is simply the result of record low negative real rates manipulated by Central Bankers to prevent deflation by all means possible.  In 2008, the US banks were on the verge of collapse, the Fed since that time has tried every effort to protect the economy with easy money policies.

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The result since 2008 has been remarkably effective.  Unemployment in the USA is at record lows only ten years following the government bailouts of banks and the auto sector.  The real estate foreclosure crisis has been completely turned around.

We must not forget that for every action there is a reaction.  The unwinding of easy money policies could be quite painful.  The ending of QE combined with increasingly inflationary concerns has sparked the US to start raising rates.  Bond yields are now the highest in many years spiking higher taking the investment world by storm.  Real interest rate hikes are happening for the first time in many years.  The Fed has started warning investors about rising risks most notably recently with Deutsche Bank.

10-YR YIELDS 89-

First hit is now Italy who has always lived the sweet life heavily indebted.  Next will be Greece or maybe Spain or Portugal and the PIIGS as interest rates increase.  Don't worry about Spain, Greece and Italy they will be bailed out by the EU again with another lifeline.  Instead, be concerned for many young people living in debt.  They may have jobs now with record low unemployment.  Nevertheless, in many cities such as NYC, LA and Miami the average teacher can't afford a place to live.

02-15-HousingAffordability

As rates rise again to historic levels, I expect to see many more delinquencies.  The recent concerns at Deutsche Bank may be just the beginning.

I remember how fast these bank panics happen.  First it started with Bear Sterns then Lehman and then AIG.  All during that time the pundits in the mainstream media said there was nothing to worry about and that housing and the markets were booming forever and ever.

A similar phenomenon could be happening right now.  We have so many warning signs of another crash. The biggest one is the major increase in bond yields in 2018.  Not only have rates moved higher but it jumped quickly the most in many years.

I expect the recent warning signs from the Fed Reserve on Deutsche Bank to be just the beginning as debtors who became over leveraged to low rates pay the price now as rates rise quickly.  I don't believe the Fed is done raising rates until there is a severe market downturn.

There is no doubt that highly leveraged borrowers at record low interest rates will come into trouble.  This begs the question how many of the banks still have derivative exposure like AIG and Lehman.

Remember statistically we have up to 50% corrections or more once every 10 years or so.  I know you don't like to hear it but this is the second longest bull market since the 1920's which led up to a major crash and the Great Depression.  We are in the midst of trade wars not seen in 100 year since the Smoot Hawley Era which many blame as one of the accelerants in deepening the Great Depression's devastating effects.

How does one protect oneself?  Stay away from margin and company's with any debt on their books.  You might want to look at hedging against the financials, real estate and bonds (TBT).  Stick to small cap stories with no debt over large caps with debt and look to see if they have real assets preferably in the form of some sort of commodity in the ground.  The mining sector (GDX) which has been under attack by the activists and unloved for years may actually be one of the best places especially gold (GDX), silver (SIL) and copper miners (COPX).  The energy (XLE) and agriculture (DBA) sector may also be safe areas which over time could outperform during a potential bear market panic.

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Conditions point to a bear market and possible flash crash this summer.  Please prepare for real estate and stock market valuation to come back to earth as rates move higher.

What is deeply discounted right now and could soar again if we see double digit inflation like in the 1970's?  The junior miners could be the best place especially right now the beaten down exploration stocks which have been brutally neglected by the major producers for years.  I recently went to a mining conference in NYC put on by 121 Mining and met with some of the top CEO's and Fund Managers.

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One of my really smart professional subscribers Art pointed out Shanquan Li.  Mr. Li manages the Oppenheimer Gold and Specialty Minerals $OGPSX.  Before entering the investment sector he was a director of a think tank for the Chinese Government and then joined Brown Brothers Harriman before joining Oppenheimer where he has been for 22 years managing the precious metals fund since 1997 building it to just under $1 billion under management.  He has significantly outperformed his peers recently with picks such as Kirkland Lake $KL, Endeavour $EDV and Newmont $NEM.  The fund pays a yield of 2.99% and has four stars from Morningstar.  Over the past year Li's $OGPSX fund has stayed in positive territory while most mining funds have been down.

He mentioned to me he doesn't buy stocks until they reach a minimum market cap but he does like to follow them and start doing research at an early stage.  He comes to these shows because he realizes in his experience as a portfolio manager that big miners start out little and grow.  He is smart, humble and constantly looking as he does not want to miss some big discoveries in the junior mining sector.  This may be an actively managed fund that I may look into.  Check out this recent interview with Oppenheimer Portfolio Manager Shanquan Li by clicking here...

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.  I'm still doing due diligence to confirm what they are telling me is correct but Liberty Gold $LGD and Victoria Gold $VIT may have had some recent insider buying.  If you find insider report please email it to me.

There were a few select juniors showing some great momentum at the conference based on prior results and good discoveries this included Teranga $TGZ, Fireweed Zinc $FWZ, Corvus $KOR and Silvercrest $SIL.

Many of the companies came to the conference already well positioned financially recently raising money such as GoviEx Uranium $GXU.  Some recently announced financings like Alexco $AXU which seems to be a top takeout target for high grade silver companies.

Interestingly, many investors are still unaware of the recent investment by Eric Sprott into what could be the next Novo which went up ten fold last year.  Sprott just made a $10 million investment in a small company which is just starting to pick up.  The CEO was just interviewed and was one of the first I've seen on this rising junior in the Pilbara in Western Australia.

Also incredibly I spoke to some of the top lithium experts on the internet and they were not aware of a discovery that I was one of the first in the industry to highlight back in November last year which could be huge.  Since that time they raised $2.5 mil CAD and are advancing permitting and metallurgy.  The stock has gone from a quarter to 1+ and it could be just a start as there have recently been some major advancements with the permitting.

Make sure to stay tuned as I expect a positive turn in the mining market to be imminent.  Be careful of the overbought cannabis and cryptocurrency sector which has attracted a lot of speculative capital and tons of fraudsters.  See the recent article entitled, "Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud" or "SEC Tells Investors Potential For Fraud in Companies Tied to Cannabis Industry".  Please be careful...caveat emptor!  If you have gains in cannabis or crypto, it might be prudent to rotate into cheap mining stocks.

Disclosure:  Assume Author (Jeb Handwerger) owns shares in featured companies and that I want to sell them for a profit.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.