Regardless of the outcome over the next six weeks, precious metals remain in a very strong position for the next six to 12 months. A Fed policy shift and rate cuts are inevitable..
If I’m wrong the risk is minimal, but if I’m right the reward will be worth taking the risk at the very bottom. This is how you get 5 to 10 baggers in the PM complex.
The bottom line is gold and its miners’ stocks are reentering their strong season. That starts with nice autumn rallies mostly in August and September, normally fueled by Asian seasonal gold demand.
Aztec plans to drill the 10 hole, 3,000 m core program through September 2022 as a follow-up to the successful Phase 2 RC drill program earlier this year. The new program will test three main targets
Aztec will indirectly acquire Kootenay’s 35% interest in the joint venture company that holds the Cervantes porphyry gold-copper project in Sonora, Mexico.
The path of least resistance for the gold stocks in the short-term is higher. Even when they were extremely oversold in 2008, 2013, and 2014, they enjoyed a relief rally before more selling.
Gold and Gold stocks have fallen to levels from which we should see excellent returns over the next 12 months and potentially spectacular over the long term. However, that does not mean a bottom and reversal are imminent.
