As we wade into the uncharted waters of this new year, it’s beginning to look like the $1825 level in Gold, once taut resistance, is now in the rearview mirror. The metal is currently doing battle with the $1875 price level. An assault on higher ground at $1900 might be in the cards short term. […]
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Posted inExploration and Development
A Junior Sector Roundup plus an update on Forum Energy Metals (FMC.V)
The bear market in junior (exploration) equities has become so entrenched, so protracted that many are questioning whether we’ll ever see a return to normal valuations, let alone a raging bull market. But at the risk of coming off as a lone voice in the wilderness, I’m confident we’ll see a meaningful turn in the […]
Posted inExploration and Development
A mid-May Highballer Roundup featuring Patriot (PMET.V), Prime (PRYM.V), i-80 (IAU.TO), Teuton (TUO.V), Goldseek (GSK.C), Forum (FMC.V), HighGold (HIGH.V), Arizona Metals (AMC.TO) and others
If you’re inclined to wager bets in this high-risk/high-reward arena, I don’t need to tell you how compelling the current set-up is for medium to long-term (high-quality) exploration and development plays. And the potential is not just in gold and silver—it runs the (metals) gamut. It’s fair to say that, as a society, we’ve been […]
Posted inExploration and Development
A February 21 Roundup featuring Forum (FMC.V), Goldseek (GSK.C), Patriot (PMET.V) and others
Gold continues consolidating its steep run launched in early November 2022. It recently tested support at $1825 after slipping through its 50-period SMA. Amidst this volatility, news events dictate trade as rattled (twitchy) investors attempt to glean the Fed’s next move. The current weakness in the metal weighs heavy on many of the stocks we […]
Posted inExploration and Development
A Highballer Roundup for December 6 featuring a host of names – familiar and new
I’ll dispense with my usual preamble blather, cept to say… Gold stocks, as per the GDX, are up roughly 30% from their 2022 lows. Gold stocks are stronger than all other major indexes. The GDXJ is up closer to 40% from its 2022 low. My point: this recent breakout could mark the initial stages of […]
Posted inExploration and Development
A Nov. 8 Highballer report updating the companies on our list PLUS a few new names that may represent good value at this juncture
Just as Gold appeared to be in the process of breaking major support last week, it staged a dramatic reversal after tagging a fresh 52-week low. On the weekly chart, it staged an outside reversal (taking out the previous week’s low and closing above the previous week’s high). Interesting price action. As has been the […]
Posted inGold
A new addition to the Highballer list – Optimum Ventures (OPV.V)
The allure of the discovery cycle… There’s nothing like establishing and holding a position in an early-stage junior exploration company that goes on to tag a significant discovery. It’s akin to picking a winning set of lotto numbers. The allure is especially amplified today in this era of depleted ore reserves and a discovery cycle […]
Posted inExploration and Development
A Highballer update featuring Banyan (BYN.V), Defense (DEFN.V), Forum (FMC.V), Goldseek (GSK.C), HighGold (HIGH.V), and Prime (PRYM.V)
The price strength in precious metals continues with gold closing out last week’s session at the highest level in some eight months. A flight to safety—mounting tensions along the Russia-Ukraine border and recession fears—underpin this recent price strength. I follow a good number of companies in the junior space, some of which have been presented […]
Posted inExploration and Development
A potential Bottom in Gold + a roundup of companies on the Highballer List making headlines in recent sessions – Banyan (BYN.V), Cartier (ECR.V), Defense (DEFN.V), Forum (FMC.V), HighGold (HIGH.V), Prime (PRYM.V), Skyharbour (SKE.T), Sokoman (SIC.V), and White Gold (WGO.V)
In early October, there was evidence that an important bottom was forming in the precious metals arena. The following excerpts are from a (timely) article I put up on the Equity Guru website on October 4th—Unabated selling, dry powder, the upside of buying when you’re the only bidder in the room… (click on the following […]
Posted inGold
Gold gets slammed, bargains emerge – HighGold (HIGH.V), Forum (FMC.V), Strategic (SMD.V), Kuya (KUYA.C), Nomad (NSR.T), and Skeena (SKE.T)
Gold is currently testing support at $1,800 (lower blue line) after crashing through support at $1,850. Current prices represent multi-month lows. If $1,800 doesn’t hold (that’s where the 200 SMA is at), $1,750 might be in the cards. Of course, this sudden price weakness might be a big-ass Bear Trap. If so, the metal should […]