The biggest factor that will benefit FSM’s stock price going forward, and which the market fails to “see” is the upside potential of FSM’s existing mine properties and, even more so..
The mid-tier and junior gold stocks still have lots of catch-up rallying left to do, both to reflect their superior fundamentals and this mounting gold upleg.
Gold prices nearly tripled and more than quadrupled during the last inflation super-spikes in the 1970s, launching gold miners’ earnings and stock prices stratospheric. A similar fundamental windfall should play out in this inflation.
2022 looks to be shaping up as the “Golden Year” we projected in December as linked above. It’s been a long 1.5 years in coming, but the pent up energy that those handles built up..
The bottom line is big US companies’ Q4’21 fundamentals are precarious. While they reported fantastic revenues and earnings growth, their stock prices remained excessively-high.
Idaho Strategic Resources produces gold at the Golden Chest Mine and maintains an important strategic presence in the U.S. Critical Minerals sector. New ticker symbol will be $IDR
The bottom line is gold and gold stocks just enjoyed big upside breakouts. The proximate driver was Russia-invading-Ukraine fears, but both the metal and miners had well-established young uplegs running for months before Putin..
Keep in mind that the 18 month bullish falling wedge is typical in a bull market. Sometimes they can be smaller or bigger but after a strong impulse you have to expect some type of trading range to form.
