Source: Bob Moriarty for Streetwise Reports 08/28/2020
Bob Moriarty of 321gold discusses corrections in the precious metals market and profiles an explorer that’s about to start a drill campaign.
If you read the writing of the vast majority of those talking about the resource sector there is one word you rarely chance across. You can hear all about manipulation just as if nothing else in the financial world is manipulated. Everything it seems is some sort of conspiracy because conspiracies are always popular even if you can’t prove or disprove them. That’s their charm. Price suppression is always a big hit. I was a giant fan of suppression all the way from gold at $252 to $1923 and silver from $4 to almost $50. You just have to wonder what prices might have been like if they hadn’t been suppressed all the way to the top.
Comex defaults gain mention now and again but are about as common in real life at the upcoming Gold Derivatives Time Bomb that is taking its own sweet time in appearing. It’s been twenty years now and if that is imminent, you couldn’t prove it by me.
You never ever hear the word correction. It’s as if all those guys writing about fiction have never read a non-fiction piece. Corrections are a part of investing. Investors get too bullish and things sell off. Investors turn bearish and the market goes higher. Nothing goes straight up or straight down no matter what the news of the world. So we have corrections. You just don’t get to read about them except on very few sites. I wonder why? It’s like correction is some sort of four-letter word.
Brigadier Gold Ltd. (BRG:TSX.V; BGADF:OTCBB) resumed trading after a one year trading halt in June and shot up to a high of $0.62 two weeks later in July. They did a private placement at $0.26 in late July to raise $3.5 million before doing a deal on the Picachos gold project in Sinaloa, Mexico, right in the heart of elephant country. The 3,954 ha property has over 160 ancient past producing mines on it. Brigadier has an option for 100% of the property in what is a little complicated mix of cash, shares and work commitment.
Basically BRG has $3.5 million in cash to spend on a property with a lot of potential. They start a 5,000 meter 40 hole drill program in September. If they hit, the stock goes up a lot. If they don’t hit, the stock goes down a lot and I write a follow up castigating management for screwing it up.
Brigadier got expensive in July, it has corrected by 50% and now is a lot cheaper. It’s a binary issue; they either belly up to the bar or pass out. I hope they hit, as my readers will like that a lot as will I.
Brigadier Gold is an advertiser and you are responsible for your own due diligence. Investors were happy to pay $0.26 for the shares in a private placement that just closed so the price seems reasonable.
Brigadier Gold
BRG-V $0.31 (Aug 28, 2020)
BGADF-OTCBB 70 million shares
Brigadier Gold website
Bob Moriarty
President: 321gold
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Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
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( Companies Mentioned: BRG:TSX.V; BGADF:OTCBB,
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