Goldsource mines has begun to rapidly advance its Eagle Mountain Project in Guyana after a significant increase in gold resources and a PFS on the way.
The gold miners’ stocks are enjoying mounting gains, with their young upleg continuing to power higher on balance. Their recently-reported Q1 results revealed strong fundamentals, fully justifying better stock prices.
Bill Powers of Mining Stock Education invited me on to discuss my outlook for gold, silver and the mining stocks, including some of my favorite stocks right now.
An early signal of the relative strength in gold stocks will be GDX breaking out relative to Gold, which may occur before Gold makes a new all-time high. In other words, gold stocks could make new highs before Gold.
Gold had another solid week, trading up in the mid-$1890's relative to $1,875/oz, as the close of last week. It has become apparent the summer is upon us as news flow has lessened......
The mining stocks remain historically undervalued in relation to the money supply and relative to the prices of gold and silver even after the 30% move since early March.
