Gold prices ended another week of consolidation. “Certainly we were all hoping for a little more momentum in mining stocks after Newmont broke out to a new all-time high last weekend,” says Markus Busler.
But both the precious metals themselves and mining stocks had a rather quiet week.
The focus of this week’s video is on posts that are popular with viewers. “There were a lot of little exploration values,” says Markus Busler. “Please realize that the chances of an explorer becoming a producer are in fact about 1 in 200.” Many companies fail because the deposit is not large enough, because of difficult geology or mining, or simply cannot be mined economically. “Companies fail frequently because of poor management decisions.”
Producers focus on values like B2Gold. The group has been able to achieve great success in Mali, and it has through the Anaconda Depot a deposit that will extend the life of the mine in the huge Fikola mine. But streaming companies like Wheaton Precious Metals are also among investors’ favorites. “Anyone with a stake in their portfolio has done nothing wrong,” says Markus Busler. “Even the resignation of a chairman shouldn’t mean a business model is broken.” Beyond the realm of gold and silver, the Sovereign Metals were making waves. The group discovered huge deposits of rutile in Malawi. “It is a very profitable business.” Other stocks on display: Sierra Madre Gold & Silver, Turmalina Metals, Sibanye-Stillwater, Fortuna Silver and Endeavor Silver. Investors can continue to post submissions under a YouTube video. “We will always try to include requests.”
Does gold make a breakout? What about silver, oil and co?
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