There is a short squeeze happening in the metals market with gold surging back above $2,400 today and silver near $31. Metals and mining investors are in for a wild ride. Take a look…
May 17 (King World News) – Graddhy out of Sweden: I think it is time to revisit the upper black trend line of the bull market channel, repeating the move from 2000-07.
The 2nd upleg of the secular bull has already started.
End of the rainbow, huge generational opportunity.
The HUI Gold Mining Index Is Set To Skyrocket To New All-Time Highs!
Gold vs US Dollar
Graddhy out of Sweden: The inverse correlation gold vs US dollar can be strong shorter term, but longer term it is not an issue. I warned this chart is about to break out. It now has. This is very important, very big picture chart, shows that the next historical leg up for gold is here.
Gold Has Entered 3rd Phase Of The Bull Market Which Will End In A Mania
BUCKLE UP: Another Inflation Wave Is About To Hit
Peter Boockvar: I mentioned yesterday the comments from Hapag Lloyd that they’ve seen a lift in volumes but couldn’t put their finger on exactly why and what Maersk said last week that the Houthi’s are widening their area of attack. In response to both, container shipping prices jumped again for the week ended 5/16. The Shanghai to Rotterdam route price rose $463 after jumping by $606 last week. At $4,172 for a 40 ft container, it compares with $1,667 at the beginning of the year. The ride from Shanghai to LA saw a similar bump and at $4,476 that journey price is vs $2,100 at year end ’23.
More “Transitory” Inflation
Gold, Silver & Miners Surge
King World News note: Gold & silver sense the next wave of inflation and the continued monetary debasement of all fiat currencies globally which is why they are breaking out and surging higher. They have entered a very aggressive upside advance that will eventually culminate in a mania. King World News warned repeatedly that the time to buy cheap silver was coming to an end. Global readers also need to understand that the upside advance of the high-quality mining and exploration stocks will also be relentless as they head to new all-time highs. Here is one of the high-quality exploration stocks below.
This Could Be The Big One
Eric King: “Bryan, in its early stages your project in Victoria is mirroring the legendary high-grade Fosterville discovery. And now you just released results from your project in PNG that shocked everyone because of the high-grade. In fact, it looks like that project is mirroring K92s historic high-grade discovery. So the company has now become a twin threat in terms of making world class discoveries.”
World Class Assays in the Right Neighborhood
Bryan Slusarchuk: “Yes, Eric, this week’s Great Pacific Gold assays show that the veins on the company’s Kesar Project, along strike and having the same orientation as major K92 vein sets, carry high grade mineralization. Multiple samples from outcrop and from small underground workings returned ultra high grades – one sample graded as high as 244 g/t gold. Note also, in addition to the sampling from in-place occurrences on the property, Great Pacific also conducted a soil sampling program with more than 300 samples taken over a strike length of 5.5km. These soils returned exceptionally remarkable values (see 20.9 g/t gold). As soil sampling has proven to be a very effective tool for K92 Mining next door, these high grades in the soils at Kesar are very encouraging.
Well Positioned for Massive Upside
Great Pacific Gold has assembled a commanding 2500 sq km land package in PNG, known as “The Land of Giants” in the mining world for good reason. These properties range from the early stage and highly prospective Kesar Project through to the more advanced stage, former producing Wild Dog asset. Copper and gold are both important in these systems and Great Pacific Gold has a multitude of high-grade epithermal vein targets along with porphyry style potential. PNG has become a hot exploration jurisdiction due to the success of K92 Mining and the recent entry of the world’s largest gold company to the country. The early mover/first mover advantage that the Great Pacific Gold team has in this new era of PNG mineral exploration is important.
Twin Threat For Major Discoveries
At current budget, Great Pacific Gold has two years of working capital and is therefore well financed to conduct exploration. And as you mentioned, Eric, in addition to the company’s substantial PNG copper-gold project, the company also has a new discovery next door in Australia called Comet where a hole grading 8m at 106 g/t gold was announced at the start of 2024 and is being followed up on now with additional drilling. So, Eric, PNG provides an excellent foundation while Australia provides some amazing lottery ticket blue sky potential. Great Pacific Gold, symbol GPAC in Canada and FSXLF in the US.
Billionaire Pierre Lassonde On Gold & Silver Surge
To listen to billionaire Pierre Lassonde discuss what he is buying right now as well as the wild trading he expects to see in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
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