Gold and silver just had major upside breakouts. Look at who just said first stop for gold $2,500 and $45 silver.
Big Moves For Gold, Silver And Miners
January 5 (King World News) – David Hunter: All systems go for the metals. Gold poised to run to $2500 & silver to $45 in the 1st Quarter. The miners will follow suit with GDX headed for $55, GDXJ $100, SIL $75, and SILJ $30. After big gains in the 2nd & 3rd Quarter, metals and miners consolidated those gains for 4 months. Next upleg has begun.
Silver
Otavio Costa: Amazes me that silver still trades sub $30/oz. Last 12 months: $25T of newly issued debt worldwide. $9T of monetary stimulus by central banks. $18T of negative yielding bonds. Meanwhile: Silver miners’ CAPEX is now at a decade low. -18% YoY! Supply massively constrained.
Very Exciting News!
Bryan Slusarchuk: Today, Fosterville South announced the start up of drilling at the Lauriston gold project, which is a flagship project for a few key reasons.
Lauriston – Next to Highest Grade & Lowest Cost Gold Mine in the World
Lauriston is immediately south of and contiguous with Kirkland Lake Gold’s Fosterville Mine tenements. It is a huge 600 square kilometer property and the big regional structures that run through Kirkland Lake’s ground also run through Lauriston. In fact, the control of the Lauriston property is the reason Fosterville South is noted as perhaps having “the world’s best address for high grade gold.”
When people see the geological attributes of Lauriston, review the reports of gold production from the 1800s and note that it borders Kirkland Lake Gold’s Fosterville ground, they wonder how Fosterville South tied it up during the current gold rush going on in the region. The fact is, this land position was assembled long before Fosterville became the household name that it is today.
Fosterville South co-founder and COO Rex Motton applied for Lauriston at the start of 2017 and Rex being so far ahead of the pack of companies now involved in the modern-day gold rush occurring in the region is very much a case of home field advantage. Rex is a local guy and before a successful career as an international geologist spent his teenage years roaming around this gold belt. In fact, his home today is a short 30-minute drive from the Fosterville tenements.
First Mover Advantage
While Lauriston has the right geology and is in the right place, it has seen very limited modern exploration. This all changes today as Fosterville South converts a first mover advantage into action with drills turning to target new discoveries in this prolific gold region. Fosterville South, symbol FSX in Canada and FSXLF in the US.
Did You Miss Kirkland Lake Gold’s 50-Fold Share Price Increase?
Kirkland Lake Gold Skyrocketed From $1 To Over $50!
Two Billionaires Just Bought Huge Stakes In The Next Kirkland Lake Gold!
To find out which company two billionaires just bought huge stakes in what they believe will be the next Kirkland Lake Gold click here.
***To listen to Danielle DiMartino Booth’s powerful audio interview about gold, silver and what surprises to expect in 2021 CLICK HERE OR ON THE IMAGE BELOW.
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