gold mining

Streetwise Reports: ‘Gold Will Hit $3,000, But It’s Going to Be a Wild Ride’

Streetwise Reports For Tuesday, April 28, 2020
 

 
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STREETWISE REPORTS FOR TUESDAY, APRIL 28, 2020

 
 

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How Many Investors Own Gold Stocks?

April 25, 2020 Collin Kettell Palisades Goldcorp Ltd. collin@palisades.ca     Bull markets reach their peaks when there are no suckers left on the sidelines. A 1996 FORTUNE Magazine article titled When the Shoeshine Boys Talk Stocks It was a Great Sell Signal in 1929 tells the story of Joe Kennedy, a famous investor of his day. Joe Kennedy wrote of his experience leading up to the Great Depression – “Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929.” Taking this example into modern day… When your uber driver starts talking up Bitcoin, or your grandparents extoll the benefits of cannabis equities, your gut reaction to jump ship may be one worth noting. As I have written about in my latest articles, gold and gold stocks are emerging from a prolonged bear market. Already, the narrative is beginning to catch airwaves, with Bank of America recently calling for $3,000 gold. But how many investors are paying attention? How many people actually hold gold stocks in their portfolio? The answer is shockingly low and that is despite industry bellwethers Barrick (NASDAQ:GOLD) and … Continue reading

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Gold Has a Long, Long Way to Go

April 23, 2020 Collin Kettell Palisades Goldcorp Ltd. collin@palisades.ca     The Toronto Venture Exchange is a well-known proxy for the junior resource sector. The index has been in a decade’s long lull, which was further exacerbated by the precipitous decline in March of this year. I touched on this two weeks ago in an article titled The Bigger the Base, the Bigger the Bull. Get this… Since its peak in 2007, the Venture is down over 90%! With 55% of the Venture comprised of resource related equities, that means the junior sector (responsible for that drop) is off more like 95%! Find me another exchange that has performed as poorly since the ‘08 crash. You won’t. In fact, almost every index out there is up considerably over that time frame. Even the Australian Stock Exchange, which is heavily weighted towards mining, is up since 2008. But like they say, what goes up must come down. And less supported by the laws of physics… what comes down, must go up. For those closely monitoring the juniors, the past couple weeks certainly feel like the onset of that inevitable move higher. Take a look at the below chart, which shows a one-year performance of the Venture Exchange. Note – that “feeling of a bull market” emerging has occurred over a very short time frame. Now lets zoom out to a fifteen-year view of the index, and take a snapshot of what that “feeling of a bull market” move looks like in context … Continue reading

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Gold on the Cusp of Reaching $2,100

April 23, 2020 Chris Vermeulen TheTechnicalTraders.com         Note from Dudley – These Guys Are Good: Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com. Stock Warrants – If Not Now, When? GET STARTED NOW   Gold on the Cusp of Reaching $2,100   Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half. E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants. “I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.” Jeff Baker Senior Analyst – Admin/Web Developer B.Sc. Geological Sciences (UTEP) Common Stock Warrants & Junior Mining News

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