Here is a look at 3 absolutely shocking charts, plus look at who just said investors should expect big gains ahead for gold and mining stocks.
Big Gains Ahead
March 8 (King World News) – Fred Hickey: On top of very low Gold DSI, HGNSI & BPGDM we have latest COT report which showed Managed Money (those pesky hedge funds) with another big drop in their net long positions to the lowest level since May 2019 (big rally followed). Their positions nearly cut in 1/2 past month.
May be a little more “pain” due to rising yields, but I look at it as a little more “opportunity” to buy near lows. Managed Money (hedge funds) net long positions down to just 45.9K contracts – that’s down over 80% from 2020 highs. Most of the “pain” is behind us. Big gains are ahead…
This company just made a gold acquisition that is worth 7-8 times what they paid for it and is now set up for monster upside in 2021! To learn more click here or on the image below.
Savings Rate Continues To Soar
The Daily Shot: US bank deposits are up over $3 trillion from the same time last year (see chart below).
US Bank Deposits Skyrocket, More Than
$3 Trillion Higher Than Last Year!
The Daily Shot: US consumers continue to cut back on their credit card balances. Revolving credit is down almost 12% from the same time last year – a record drop (see chart below).
People Continue To Pay Down Credit Card Debt
The Daily Shot: US long-term unemployment is approaching the financial crisis peak (see chart below).
Unemployment Approaching 2008 Financial Crisis Peak
Also of importance…
Multiple High Grade Discoveries
Joe Hebert: Eric, we have made multiple high grade discoveries, and importantly, we have also had a 100% success rate on targets. Now we have property wide geophysics underway for new target generation.
Outcrop Gold Corp. is also pleased to announce that it has been named to the 2021 TSX Venture 50, a ranking of top performing companies traded on the TSX Venture Exchange. Outcrop was ranked fourth in the Mining Sector with a market cap increase of 1,381% and a share price increase of 392% in 2020.
The TSX Venture 50 is an annual program showcasing the top performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Winners were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2020. A brief video on Outcrop highlighting this achievement can be found at www.tsx.com/venture50 and by clicking the link below:
“We are honoured to be recognized by the TSX Venture as a top 10 Company in our sector,” commented Joe Hebert, President and CEO of Outcrop. “We have worked hard to deliver value through drilling multiple discoveries during 2020 at Santa Ana in Colombia. In 2021, we look forward to establishing Santa Ana as a world-class silver district, advancing other projects in our portfolio and continuing to leverage the excellent platform provided to us by the TSX.”
About Outcrop Gold
Outcrop is a hybrid prospect generator active in Colombia acquiring gold and silver exploration projects with world-class discovery potential. Outcrop performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk. Outcrop has seven primary projects in Colombia. While Outcrop’s other projects are available for joint venture, Outcrop will continue to drill and de-risk the Santa Ana high-grade silver project. Outcrop Gold, symbol OCG in Canada and new US symbol is OCGSF.
Gerald Celente discusses the imminent global boom as the world prepares to open economies, what surprises to expect, as well as what’s next for the gold market and you can listen to it by CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss the gold and silver takedown and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
© 2021 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.