With a very volatile precious metal market, especially in the shares, many have wondered this past month if the bull market has already ended.
In early August, we warned of a private placement headwind that could last into October…
Just ten days ago, we publicly stated that the gut-wrenching correction is over and that we are feeling more certain about it... No doubt the sector had a good shake out, but I am 100% confident the bull market is fully in tact, and ready to surge much higher.
Gold, for September, was up 0.6%. Silver rose 2.8% and the GDXJ, which tracks the juniors saw a 7% gain for the month. We suspect that what we are looking at is a far greater rally going into the last part of the year.
The silver chart specifically is showing an inverted head and shoulders pattern, which could mean a violent rise for silver could be imminent!
Silver, right now, looks to be set up for a significant move higher!
Due to the bear market, corrections can feel like the “end” for investors today, but as noted in our Keith Neumeyer interview last week, these types of moves are normal. It’s why the sector is also where the biggest profits are.
Three of our suggestions have come off their highs, and we think now is a great time to add to those positions.
1. Golden Arrow Resources (TSXV: GRG), recommended at CAD$0.77, saw a high of $1.45, and today it trades for $0.96. We like it here – a lot.
This is a big play on their agreement with Silver Standard, as well as Joe Grosso, who runs the company. They have a 245 million ounce silver deposit, and this is a must-own for silver investors, in our opinion.
2. K92 Mining (TSXV: KNT), recommended at CAD$0.90, saw a high of $2.15, and recently closed for $1.48.
We aren’t into making price predictions, so we won’t, but you have to consider the asset they bought from Barrick is actually higher than their market cap today. High-grade gold production is imminent, and they have a world class team in charge of exploration – including some of the men responsible for one of the the largest gold discoveries in history. This is a big winner, in our opinion, that gold investors should consider owning.
Looking at a comparative gold producing company, KNT could easily see a 500% move from here.
3. First Majestic Silver (NYSE: AG) we suggested at $2.50. It ran to $18.42, and today it trades for $10.30.
This is the purest silver play on earth, and a screaming buy recommendation.
If silver does what we expect it will do, then I don’t know why you wouldn’t have a heavy position in this stock. Whatever silver does, we predict First Majestic will do 6x the gain.
Always remember that we have no idea what your financial position is, and this is not individual advice. I also don’t have a crystal ball, so for all I know, these amazing stock suggestions could crash and go to zero. Be responsible, and only invest money that you can afford to see fluctuate on a daily basis.
Have a great week!
President, FutureMoneyTrends.comShare Disclosure: I am long Golden Arrow Resources, K92 Mining, and First Majestic Silver.
Never base any decision off of our emails. FutureMoneyTrends.com (FMT) stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We have also been compensated by First Majestic Silver twenty five thousand options and eighteen thousand dollars for a one year marketing agreement. We have been previously compensated by Golden Arrow Resources, two hundred and fifty thousand dollars. We have also received one hundred and fifty thousand option and taken place in their most recent private placement. We have previously been compensated by K92 Mining two hundred and fifty thousand dollars and one hundred and froty five thousand options. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneytrends.com.
Gold Standard Media (GSM shares the same owner members as FMT and is currently marketing Golden Arrow Resources for two hundred and fifty thousand dollars for a thirty day digital agreement. We have previously been compensated one hundred and twenty five thousand dollars. GSM has been compensated by K92 Mining two hundred and fifty thousand dollars for a thirty day agreement. We have previously been compensated two hundred and fifty thousand dollars.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Wealth Research Group (WRG) is majority owned by FMT and has received a total of one hundred and fifteen thousand dollars to market K92 Mining.