Overwhelming momentum is driving the gold price higher.
The pandemic, a crashing economy, QE Infinity, fear; these forces have all united at once with incredible potency and perfect timing.
A record high for the precious metal is now in sight and after that it is a short hop, skip and jump to $2,000/oz.
What happens next?
Well it’s anyone’s guess, but a great deal of pent up energy could be unleashed with explosive power.
Gold bugs have been willing the price of gold through the emotionally decisive $2,000/oz. threshold for well over a decade.
After a number of false starts, it looks like their time has finally come.
Once it does, the real fireworks could begin.
Many current retail investors weren’t around in 2009 and 2010.
Those that were will remember how fortunes were made in double quick time, during those exhilarating years.
As the Great Financial Crisis was brought to an end by the first round of Quantitative Easing, inflation expectations propelled gold upwards.
Gold stocks lifted off not long after, in what became one of the most intense bull markets imaginable.
Similar conditions prevail today and we could be setting up for a repeat move.
The best quality gold stocks have already rallied hard over the last 6 months and show little sign of slowing.
The question now is which companies can benefit most, when the buying frenzy really begins?
As ever, it will all come down to careful stock selection. If you can find a combination of the following traits in your picks, you won’t go too far wrong:
1. Proven and compliant resources in the ground
2. Plenty of exploration upside
3. Stable operating environment
4. Tight share structure
6. Potentially an abundance of news flow from drilling activities
Of course, the best outcome would be to find a stock that has all six.
A share price rally poised to bust new highs – KORE Mining (TSX-V:KORE|OTC:KOREF)
The market loves momentum.
In the last 3 months, the share price has rallied 4 times to C$0.81 and the best could yet still be to come.
The company has an exciting portfolio of 4 gold projects, each of which has knockout potential to deliver vast exploration upside.
All 4 are located in Canada and the United States, some of the most secure mining jurisdictions in the world and all 4 are excellent prospects to add ounces and make meaningful new discoveries.
In fact, there is so much commercial promise across this electrifying portfolio that it has already won the support of the mining investment world’s biggest names.
This is a huge endorsement and gives the firm backing to deploy into the field, at a time when the market loves nothing more than gold exploration drill results.
It immediately initiated what might well be a transformational drill campaign, which could see the company add to the significant gold resources it ALREADY has in place.
First results came in a few weeks ago at the FG Gold Project and the market LOVED what it saw.
The shares are up 15 per cent.
IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT
This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by KORE Mining Ltd to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of one hundred and forty eight thousand four hundred and twenty seven USD to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.
Changes in Share Trading and Price
Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.
No Offer to Sell or Buy Securities
This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.
Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.
This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy.
No Financial Advice
The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.
Forward Looking Statements
This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.
Indemnification/Release of Liability
By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.
All trademarks used in this communication are the property of their respective trademark holders. Other than Valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than Valuethemarkets.com.
Valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.
This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.
Ben Turney does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. Ben Turney has been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of ValueTheMarkets.com, has been paid for the production this piece by the company or companies mentioned above.