As Gold consolidates after taking out $2k, there’s anticipation of an imminent assault on all-time highs. The conditions are right for a powerful, sustainable push to higher ground. Of course, much of the short-term price action will be data-driven vis-à-vis a backdrop of falling yields, a sagging Greenback, and weak US economic data—not to mention […]
Posted inExploration and Development
A March 13 Highballer Update featuring Forum (FMC.V), Apollo (APGO.V), i-80 Gold (IAU.TO), and Paycore (CORE.V)
‘Uncharted waters’ is perhaps the best characterization of the environment we’re currently in as the biggest bank failure in nearly 15 years rattles the global economic landscape. Markets are now sizing up the potential fallout from the collapse of Silicon Valley Bank (and Signature Bank). To help settle rattled nerves, and to prevent an all-out […]
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 Feb. 6 Highballer Roundup featuring Patriot (PMET), Apollo (APGO), Teuton (TUO), and Forum (FMC)
Gold: What initially looked like the early stages of an assault on last April’s highs ended in a freefall back below $1900. After eight consecutive weeks of steady accumulation, this correction might represent a healthy pause before the next leg higher. And there might be enough gravitation pull to yank the metal back into the $1825 […]
Posted inExploration and Development
Patriot (PMET) knocks it out of the park triggering a trading frenzy – also Apollo (APGO), Defense (DEFN), Prime (PRYM), and Northern Superior (SUP)
Not to downplay Gold’s recent trading action—a Golden Cross and subsequent trajectory that saw $1900 fall—but the headline event in the junior exploration arena is Patriot Battery Metals’ spectacular run. Included in the frenzy are a host of strategically positioned explorecos in proximity to the Patriot’s flagship Corvette Project in the James Bay region of Quebec. After […]
Posted inExploration and Development
A Jan. 10, 2023 Highballer Roundup featuring Forum (FMC.V), Apollo (APGO.V), Patriot (PMET.V), i-80 (IAU.TO), Paycore (CORE.V), and Red Pine (RPX.V)
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. […]
Posted inExploration and Development
A brief Holiday Roundup featuring Forum (FMC.V), Teuton (TUO.V), and Patriot (PMET.V)…
Lots going on in the macro realm as Gold continues to flirt with levels that, once convincingly breached, could send it on its merry way. Myriad cross-currents are underpinning current trade, but the most significant is a weaker Greenback. $1825 is the level we need to plow through in the precious metal. We need to […]
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 inUranium
Forum Energy Metals (FMC.V) mobilizes drill rig to Athabasca Basin – a Q&A with Forum’s Wheatley and Hunter + a word on i-80 Gold (IAU.TO)
Forum Energy Metals released two pieces of news in recent sessions that set the stage for a highly anticipated drilling campaign on the edge of the prolific Athabasca Basin in Saskatchewan. (click on the images below to amplify) Wollaston Aside from its strategic location 10 kilometers south of Cameco’s Rabbit Lake mine/mill and 30 kilometers […]
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 […]