With another week of consolidation in the books, it is looking increasingly likely we will see a break soon. Whether this is to the upside or downside remains to be seen. If it is to the downside, it will be short-lived and could present the last opportunity before the train really leaves the station. Beyond the very-short term, precious metal prices are headed higher, much higher.
There are a number of potential catalysts for the price of precious metals over the coming months including the US election, likely additional QE measures to be undertaken by the Fed, another stimulus bill, which could be very significant, and of course the inflationary measures that other countries will be implementing.
Note: We have launched the GoldSeeker subscription service and will keep introductory pricing for the next 6 or so weeks. You get a 30-day trial period to decide whether this service benefits you and your investing needs. If not, sign up for our free letter @ GoldSeeker.com.
$USAS, $BTG, $GBR.V, $HIGH.V, $KL, $LGD.TO, $MAG, $ME.TO, OIII.V, $OGC.TO, $ROXG.TO, $SKE.TO, $WM.TO, $AUY
America’s Gold & Silver: Provided an update regarding the ramp-up of its flagship asset, Relief Canyon. After placing ore on the 6W leach pad in early August, leach solution grade from the pad has increased substantially. This should continue and improve the consistency of the heap performance and reduce operating costs. The company is still targeting Q4 for commercial production to be achieved. There have been some start-up issues at Relief Canyon but it looks as if things are getting back on track.
https://goldseek.com/article/gold-seeker-report-30-week-mining-multiple-catalysts-horizon
Chief Mining Analyst with SilverSeek & GoldSeek. Previously he was the Senior Mining Equity and Economic Analysis at The Morgan Report. He was a Co-Founder and Director of Lemuria Royalties, before it was acquired in March 2018. He also co-authored The Silver Manifesto with David Morgan in 2015.
Legal Notice / Disclaimer: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. SilverSeek.com, Silver Seek LLC have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; SilverSeek.com, Silver Seek LLC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of SilverSeek.com, Silver Seek LLC only and are subject to change without notice. SilverSeek.com, Silver Seek LLC assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto. The company is may or may not be a sponsor of this, or any other related, websites. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction. Please see our full disclosure statements for more information.
