Gold was dealt What For last week, taking out major support, trading at levels not seen in over eight months. The culprit of this recent carnage was a major sell-off in bonds pushing the yield on the US 10-year note to 1.5% (yields were a mere 0.5% only six months back). Though current yields represent […]
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Companies on our shortlist pushing their flagships further along the curve – Defense (DEFN.V), Harfang (HAR.V), Minnova (MCI.V), Prime (PRYM.V) Skeena (SKE.T), and Strategic (SMD.V)
It seems we’ve entered yet another rout in the metals and mining stocks with several of the companies we follow closely getting sold off, testing their recent lows. It’s frustrating. One would think that with events over the past two weeks, gold would be ripping higher, tagging all-time historical highs. There’s been a lot of […]
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 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 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
Defense (DEFN.V) tables a PEA, Goldseek (GSK.C) drops final Beschefer assays, Harfang (HAR.V) delivers Serpent results, Forum (FMC.V) plots a course for 2022
The past two weeks have been particularly brutal for investors in the junior exploration arena. High-quality stocks are being tossed with little regard for their underlying intrinsic value. At this conjuncture, year-end tax-loss selling season looms large—it seems more outrageous this year than last. If you correctly predicted this rout, and have dry powder, some […]
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 […]