Robert Sinn – Sentiment Is Bullish, But Not Euphoric In Gold, Silver, Copper, and Uranium
Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me to share his outlook on gold, silver, copper, uranium, and their related resource stocks. We start off discussing the moves higher we’ve seen in September and October where we hit the “whiskey bottle pouring into the shot glass” phased of interest in the metals and many mining stocks, but outlined that while sentiment is bullish, it is still far from euphoric.
This is a longer-format conversation with Robert that really covers a lot of ground on different stages of mining stocks from the producers margins, to merger and acquisition strategies around developers, and then the strategic stakeholding positions that the larger companies are taking in earlier stage explorers. We get in macroeconomic thought leaders like Paul Tudor Jones getting more supportive of commodities and precious metals, as a good signal, but point out that most generalists are still not even paying attention. We also review all the news from big tech companies positioning in nuclear power as a megatrend supporting a rebound in the uranium equities.
This is a nuanced discussion that digs into a number of case studies and examples of various resource stocks including: Newmont Mining, Barrick Gold, Agnico Eagle, Alamos Gold, IAMGOLD, Wesdome, Gold Fields/Osisko Mining, Calibre/Marathon, NextGold/Signal Gold combining, Stellar Gold (w/ Nighthawk & Moneta combining), Integra Resources (rolling up Millennial PMs & Florida Canyon Gold), Hercules Silver, Talon Metals, Cameco Corp, and more.
Wrapping up we share our key takeaways from the Commodities Global Expo conference this week in Fort Lauderdale, Florida; including a gauge of investor sentiment in the sector, and why there is likely much further to run in the developing commodities bull market.
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Wow!!
US needs to triple uranium supply to support 300 GW of nuclear capacity
By The Oregon Group – October 8, 2024
https://www.tradingview.com/x/QTXraiQN/
NatGas : Golden C Target Zones
If Retracement Next.
There is a lot of hope in the energy field for small modular nuclear reactors but what has me concerned is when these units start being developed and put into use, they will still have the security concerns that a larger plant has. The cost of security will weigh heavily on the profitability because of a possible terrorist attack. Instead of having one site you will have maybe ten to protect in different locations and then there is the issue of safely transporting the nuclear material to all these locations. This could become a logistical nightmare. DT
DT – Good points. All the more reason to maintain focus on relatively clean Natural Gas.
What you mentioned here is probably the whisper words that the uranium industry is trying to work out. That’s why they haven’t started up all over the country especially up in the oil sands, investors take note, good point DT.
The assumption many make is cuz it’s smaller they are better but the inverse is true. There’s more wastage so per Gigawatt created it is actually less efficient.
DT.. Cerro De Pasco looking good again today. Uncle Eric is “pressing his bet” big time!
Hi Jetty, don’t forget Chen Lin likes Cerro a lot and he is an excellent stock picker, he does site visits on a regular basis and keeps his herd of investors informed. Chen Lin is like the energizer bunny he just keeps going and going and he is versatile buying in many sectors, he likes Biotech a lot. DT
PMs may have had a minimal pull back.
Spot Gold shows a bullish Gartley!
Confirmation is necessary.
Still being capped in all time low channel. Stocks green have moved down from 50% profit cap to 25%. Benton getting alternating day treatment at greater % than most and Theralase has volatility with no news. Theralase has been range bound for a long time no matter how many bladders they save. Emo is treading water. Intervention by AI seems managed as news and other fundamental considerations have no impact.
Stocks don’t go up every day no matter what you think! DT 😢
According to my accounts, they go up every other day. As a result, they flatline within a channel.
Drubbing In Newmont – After reporting a Q3 earnings miss, Newmont had its worst trading day since 1997
Robert Sinn – Goldfinger Capital – Oct 24, 2024
https://robertsinn.substack.com/p/drubbing-in-newmont