Thursday, June 27, 2024

Good Morning!

There are a few historical precedents for Gold breaking out to a new all-time high after a long correction/consolidation.

But first, allow me to tell you about a promising, quality exploration company....

Western Exploration is a junior exploration company working its Aura project in Nevada. And it is backed by a private equity group & Agnico Eagle.

The project has two main deposits and a total resource of ~1.4M oz Au. The company has a market cap of US $28 Million with C$5.5 Million in cash. And only 44 Million shares out.  

Take a listen to the interview below, which is divided into chapters.

Gold could be headed for a retest of its historic breakout.

The same thing happened after the 1978 and 2009 breakouts to new highs. And Gold really exploded after the successful retests.

But the key now is Gold must soon begin to outperform the stock market. If and when that happens, it can move to $3000 and beyond. 

In TheDailyGold Premium...

We should have waited another week or two to do this but in TDG #888 we went through our Top 12 companies and assessed their upside potential.

This is in table format, so it's incredibly easy to read.

We factored in dilution, cost inflation, etc and assessed the upside potential at $50 Silver, $3000 Gold and $4000 Gold.

These are quality juniors, folks. Companies that can add value and succeed at static metals prices. 

Those are the ones that will 3x, 5x and even 10x after Gold outperforms the stock market.