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 […]
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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
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 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 inExploration and Development
An Oct 11 Highballer report featuring Defense (DEFN.V), Forum (FMC.V), Goldseek (GSK.C), HighGold (HIGH.V), Prime (PRYM), and Teuton (TUO.V)
When the Fed began a hiking cycle way back in 1975, the Dollar soared and Gold got cut in half (from $200 to $100). Towards the end of 75, as higher rates and a soaring Greenback weighed heavily on the U.S. economy, the Fed blinked and backed away from its hawkish ways. That move served […]
Posted inExploration and Development
A Highballer update for August 2, 2022 – Is It Go Time?
The last few weeks have been hectic. In the wake of last week’s .75% rate hike, gold formed a higher low on the charts. But will it stick? If the Fed’s bullying tactics towards the inflationary spiral have run their course—if they’ve exacted enough shock value via these high-handed three-quarter-point rate hikes—it could be game […]
Posted inExploration and Development
Inflation, Gold, and an early spring roundup featuring Goldseek (GSK.C), Teuton (TUO.V), Forum (FMC.V), and Cartier (ECR.V)
Inflation is every investor’s concern right now. It’s on everyone’s radar. Spiraling price pressure doesn’t just represent a loss in purchasing power; it’s a precursor to a lower standard of living (if wages don’t rise commensurate with the spiral). All eyes will be on the CPI numbers set for release this Tuesday (April 12). Analyst estimates […]
Posted inGold
Inflation, Gold, Copper, Bitcoin – Part 2 – also Cartier (ECR.V), Highgold (HIGH.V), Kuya (KUYA.C), Pure Gold (PGM.V), Skeena (SKE.T), Minnova (MCI.V), and Forum (FMC.V)
After testing the $1800 level earlier this week, gold backed off, rounding out the week essentially flat. But the setup here looks compelling. Since a double bottom that bookended the month of March (chart below), the metal is grinding out a series of higher lows- higher highs. Having tested and broken out above the 50 […]
Posted inGold
An early spring Highballer update – Defense (DEFN.V), Cartier (ECR.V), Forum (FMC.V), HighGold (HIGH.V), Kuya (KUYA.C) and Pure Gold (PGM.V)
The junior exploration arena has sprung back to life in recent sessions. Two companies on the Highballer shortlist tagged significant highs in recent sessions. Forum Energy Metals (FMC.V)… Prime Mining Corp (PRYM.V)… This episode of Highballer will bring many of the companies on our shortlist up-to-date. Defense Metals (DEFN.V) Yesterday, on March 23rd, Defense dropped an […]