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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Gold to $4000 in 2025
Published: Tue, 04/11/23
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Gold has pulled back a bit after flirting with a new all-time high. That is fine. It closed last week at its 2nd highest weekly close ever and closed March at a new quarterly all-time high and monthly all-time high (by a hair).
Gold is a little stretched but that's okay. The path of least resistance remains to the upside. Gold to $4000 in 2025 is not some target I just pulled out of my ass. This is based on the super bullish cup and handle pattern, historical moves in Gold (in the 2000s, not 1970s) and how markets act after breaking multi-decade resistance. Read more about it in the article. Article: Gold to $4000 in 2025 Greg Weldon is one of the best in Gold & macro. Listen to his views on the near-term outlook, & potential for a big leg down in the stock market. (Timestamps of subjects discussed are at bottom of player). Email sales@weldononline.com to get his Gold report. Greg Weldon: Gold & Silver Big Potential Next 3-6 Months -------------------------------------------------------------------------------------------  Nevada King Gold is a new sponsor of this free newsletter. The company discovered oxide mineralization at its Atlanta Mine Gold project in Nevada and has reported numerous, excellent drill hits. They have drilled high-grades over some lengthy widths. Nevada is the top mining jurisdiction in the world. There have been quite a few takeovers there in recent years and oxide projects are quite valuable. Last week in an interview for TheDailyGold Premium subscribers, company CEO Collin Kettell said there were two steps for the project to go from good to great. 1) Prove the metallurgy supports a heap leach mine. 2) Show 3M oz Au potential, which will get majors sniffing around. TheDailyGold Premium subscribers are up 40% on this position. I will be reassessing the upside potential this weekend. With strong potential for ~2M oz Au @ +1 g/t and a current market cap of US $85 Million, this could 2x or 3x at the current Gold price. What if we are looking at $3000 Gold in 18 months? What if they prove up over 2M oz Au? ------------------------------------------------------------------------------------------- In TheDailyGold Premium... In TDG #824 we included a company report on a company we teased here in a recent update. The company has a market cap below US $700 Million. If Gold and Silver prices surpass their 2020 peaks, the company's mine could generate $250-$300 Million/yr in cash flow. In TDG #825 we noted that even though the sector has rebounded significantly, a handful of high quality juniors were trading at good entry points. One of our favorites has potential to 3x in the next 18 months at the current Gold price. The company also has a world class mine and the cash flow numbers it could generate in the next 2 to 3 years are simply staggering. I could also mention two of the cheapest silver stocks but that's enough for today. -------------------------------------------------------------------------------------------
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