It’s rare we ever say this – with 51 years in the business – that there’s “no time to delay, you better hurry up!” But truly that is where we are, with precious metals stocks today. The fat lady started singing when gold crossed $1,400 in 2019, and she’s getting her third wind, in a 10-part Opera.
At the moment, we’re writing from the Denver Gold Conference.
Yesterday we enjoyed a presentation from McEwen Mining Inc. (MUX) and CEO Robert McEwen. We are adding McEwen to the Gold Watch List at $13.50 – our 4th Watch List pick. Incredible story, from a CEO whose previous publicly traded mining company success, has rewarded him with a net worth near $800 million. We got a selfie with him, that we’ll post with our upcoming report lol.
Current Watch List
Brixton Metals Corporation (BBBXF) up 10%
Fairchild Gold (FAIR:TSXV) $0.085 up 142%
McEwen Mining (MUX) $13.50
Perpetua (PPTA) up 26%
Everyone here at the Conference has big smiles. Huge. We’re putting together a Gold Investor Guide and after you scroll through the charts, you’ll see dozens and dozens of names up 3-4 fold in the last six months. That includes $0.15 stocks going to $0.65 and giants like Agnico Eagle Mines (AEM) which is up 102% from $45 to $150 in the past year. That’s a huge market cap gain of $36 billion, for their extremely happy shareholders!
$36 billion in just one year, from just one company…think about that. And they don’t do anything to enhance or make the gold more valuable. Precious metals can do that (and vice-versa of course) all on their own.
In the next hour we will see presentations – back-to-back, from 5 companies with a combined market value of $298 billion, the Crème de la crème. And we could go on and on (and will later) about how they are all knocking it out of the park (fundamental wise). While we’re of course here looking for small undiscovered plays, listening to these presentations is simply breath-taking.
They don’t make anything (like a better widget), they just dig it up from the ground, sell it, and make money. Billions, how fun.
Even with our preference for small-caps, we could say with a fairly high degree of confidence, that all five of these names should be owned. For your ‘real’ money, with a small amount set aside for our upcoming smaller cap speculative ideas. Just saying.
Five Companies About to Present.
Agnico Eagle Mines Limited (AEM) market value $76 billion.
Barrick Mining Corporation (B) market value $49 billion.
Franco Nevada (FNV) market value $39 billion.
Newmont Mining (NEM) market value $86 billion.
Wheaton Precious Metals (WPM) $48 billion.
In the past year, combined these five companies are up an incredible $130 billion in value.
We suggest if you find the sector too confusing or speculative, look at the SPDR Gold Shares (GLD) or the much sexier VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ).
Whatever you decide, just get off the sidelines.
We said that in June of 2019 at $1,400 and again at July of 2020 at $2,000. And now were saying it again with the break above $3,500. We feel we are in the beginning of the third inning of a game, which could last 5-7 years. It of course won’t be a straight line up from here, with some 10%+ drawdowns. But it essentially looks like blue skies ahead.
We believe the next major breakthrough levels are at $5,000 and then $10,000. When that happens we believe it will bring in ‘retail,’ which is currently sitting on $7 trillion in cash, with another $62 trillion in stocks.
The market cap of the 50 largest precious metals stocks is just $538 billion. Imagine if 10% of that money, or $7 trillion, tries to find a home in a sector worth just half a trillion! Hello.
So we’re getting balls deep into the sector. Learned a lot about quality conference here – which should help with our Precious Metals conference in Palm Beach County, hopefully before the year is out Gold Investor Conference
June 2019: Is Gold ($1,330) About to Cross the Magic Five Year High of $1,400?
July 2020: “We think the next stop is gold $2,000. And that is when a mania could start to form – after a new and unchallenged high, combined with growing investor FOMO (fear of missing out). Next stop after that could be $5,000 propelled by a falling US stock market, where many (not all) stock investors – $35 trillion at this peak – who are seeking other places to invest, discover gold and gold stocks.”
July 2020: Next Up: The Coming Gold Rush.
One final note, you may hear a lot of commentators say that gold stocks have trailed gold prices over the last decade, which thus makes them grossly undervalued. Despite the recent strength – we’ll agree they have a long way to go to catch up!
MINERS TRAIL GOLD
TOP LARGE CONFERENCE PRESENTERS
Agnico Eagle Mines Limited (AEM) | 12 Month Gain $36 Billion
Barrick Mining Corporation (B) | 12 Month Gain $22 Billion
Franco Nevada (FNV) | 12 Month Gain $9.4 Billion
Newmont Mining (NEM) | 12 Month Gain $42 Billion
Wheaton Precious Metals Corp. (WPM) | 12 Month Gain $21 Billion
WATCH LIST CHARTS
Brixton Metals Corporation (BBBXF)
Fairchild Gold Corp. (TSXV:FAIR)
McEwen Inc. (MUX)
Perpetua Resources Corp. (PPTA)
Just to be clear, our mission is to find the next NGEx (NGXXF)..which went from $0.50 to $16.50.
Forward looking statements
This presentation includes certain forward-looking statements about future events and/or financial results which are forward
looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements
regarding the company’s plans, goals or objectives and future completion of mine feasibility studies, mine development
programs, capital and operating costs, production, potential mineralization and reserves, exploration results and future planning and objectives of Fairchild. Forward-looking statements can generally be identified by forward-looking terminology such as “may,” “will,”, “expect,” “intend,” “estimate,” “anticipate,” “believe,” or “continues” or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with mining generally and pre-development stage projects in particular including but not limited to changes in general economic conditions, litigation, legislative, environmental and other judicial, regulatory, technological and operational difficulties, labor relations matters, foreign exchange costs & rates. Revelers Media an associated firm of Institutional Analyst and Institutional Gold Analyst has been hired by the Fairchild Gold to build a news related website to disseminate news and SEDAR filings for a monthly retainer of two thousand and five hundred dollars a month. It will further negotiate for an equity stake in the company.
