We are still holding and committed to Galaxy Digital shares for a double in the price from the current level. Continue reading
We are still holding and committed to Galaxy Digital shares for a double in the price from the current level. Continue reading
Gold appears to have completed its first leg higher and is consolidating that upward move. Probability favors the trend continuing as the Federal reserve is refinancing US Treasuries in the second half of 2024. Continue reading
In this Blog:
Equinox Gold (EQX*) Ready to expand production by 400,000 Oz Gold Annually
Production has begun at Greenway, EQX’s eighth gold mine. EQX also announced they have consolidated its ownership of Greenway to 100%. Annual production at Greenway is projected at 400,000 ounces of gold annually.
Greenway will be the largest producing mine in EQX’s portfolio of mines. It is also EQX’s lowest cost of production mine, and one of the largest gold mines in Canada. Continue reading
Speed listen while driving or working out to cut time but tons of solid logic in these conversation. It bothers me a little to have so many people saying the same thing, yet the reasoning is solid.
Geo-political situation is unclear. This week, a video appeared of B-52’s being armed at Grand Forks, ND with live nuclear tipped cruise missiles. There is only one thing more real than that.
The common theme is boiled down to – the only choice the US has, is to devalue the US Dollar and let gold run. Continue reading
In an April 7, 2024 dated released interview with Scott Melker, Mike Novogratz discusses:
Tradition has the S&P 500 priced in US Dollars. If however, the purchasing power of the US Dollar is declining due to money printing and the resulting inflation the S&P will rally. That does not imply that you have maintained your purchasing powers. Somethings are not included in the inflation rate. Things like home prices and food.
To give a better picture of our purchasing power we have used gold and Bitcoin as the denominator to the S&P 500. Because gold has historically not been devalued through excess money printing, we can use gold to be a better savings vehicle than the US Dollar.
Here what the last year look like for S&P 500 performance when priced in US Dollars. Below that graphic we show that the S&P 500 performance is when priced in gold. Continue reading
LOTM is bullish on gold and silver miners. We were early as is our profile but now the move has started. We are basically positive on hard assets. We include Bitcoin as a version of hard asset with its fixed number of coins that will forever be limited at 21 million. Many are above their 50- and 150-day moving averages. Look at the charts before you buy. Know your companies as best you can to avoid unpleasant surprises. Unpleasant surprises are normal in the market but try to minimize them as best you can. Names below are not a suggested buy list but are posted only to illustrate that the miners are on the move higher.
Listed below are the better performing silver & gold companies we track dated April 2nd . Continue reading