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- Last Update: 3 August 2020, 15:52
Impact ~ Alexco ~ Endeavour ~ First Maj ~ mmg...
The paint is barely dry on the Barrick-Randgold merger, and now Newmont is buying Goldcorp!
When mergers or takeovers happen, I like to see the new entity prove itself technically, with momentum...
In the case of Barrick, I?ve suggested that investors need to see a weekly close of $14 for that.
For Newmont, I need to see a weekly close of $36. That would suggest institutional money managers are
endorsing the new entity. Once that happens I would be a buyer of every dollar of price weakness in the stock.
Both Barrick and Newmont are key GDX components. I?m impressed with the relative strength of GDX
in the face of the softness in both those stocks.
While senior citizens in the Western gold community may long for what is essentially a remake of the 1970s
fear trade oriented gold market, today?s gold market is mainly about the rise of gold as a respected asset class.
That?s being created by the ongoing rise of China and India as economic titans.
Today?s Western fear trade for gold is more like icing on that cake than the centre stage price driver that it
was in the 1970s. In a nutshell, a ?goldaholic army? of three billion Chindian citizens is becoming wealthier at
a very fast pace. That?s creating annual gold demand growth of 6%-8% that is essentially relentless.
Mine supply can?t seem to grow more than 1%. It?s becoming a ?no-brainer? that the gold price will rise
consistently for decades to come, and probably for the next two centuries. & Silver is gold with a turbo...
Stewart Thomson Graceland Updates
You have alluded to some of your larger positions: Detour, Torex, Wesdome, Pan American Silver, MAG Silver. Can you talk a little bit about the key factors that led to those investment decisions? Every one was different.
Junior SOURCES >> https://www.youtube.com/channel/UCc0h6rwJD4vr_Rtdasuyn-w/videos
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