The recovery in metals stocks balanced with the rebound in US markets
Brien Lundin joins me today to comment on the recent strength in metals stocks that are moving along with the US markets. Since Brien is focused more on the junior stocks we dive into what he is looking for in his recent investments.
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Paul, rising profits/undervaluation will drive the miners up.
As for the miners, they’re in a bull market but it is very early stage when compared to the uptrend gold has been in. Many individual plays don’t look good at all but the NYSE Gold Miners Index is currently 100%+ above its bear market low of 4+ years ago and has managed to put in higher lows as well as a higher high.
With gold sitting way above its 2016 high for so long, my sympathy for the naysayers has grown but I believe that their worries will soon be gone as the miners are getting ready to finally and convincingly join gold.
https://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=6&mn=11&dy=0&id=p15015306445&a=731189324
Hopefully Brien will share his take.
Thoughts on GoldMining Inc (GLDLF)- In these times where major and mid-tier miners are incurring the costs of shutting down mines due to the ongoing virus GoldMining Inc looks good. They have no debt, $8 million in cash and 21 million ounces of gold “vaulted” albeit underground throughout the Americas-and not depleting their resources and very little overhead they must be smiling from ear to ear that they have placed themselves in such an advantageous way. Heck, with even the best gold bullion wholesalers charging $100 plus over spot GoldMining looks really interesting.
B careful of this lying mfer he is a fraud he only makes money on backs of idiots who follow this clown he recommends 100s of stock most go 2 nothing but every 1 can pick 1 winner and he will b crowing I picked that stock before anyone f u u fraud
He was recommending strong but on rare element at over 10$a share went 2 2 cents fool he takes money from companies and recommends them and of course they go mostly 2 zero.b careful of this fraud please
Brien what your thoughts about juniors because gold technicians say gold is in bull mkt but gold stocks gdx, gdxj are not considered to be in bull mkt yet.
What will drive the miners up because some calling for deflation not inflation for next couple years.