It appears that junior mining stocks are poised to decouple from the US stock market, anchor to gold, blast up from an immense H&S bottom pattern… and stage the biggest rally in the history of junior mining!
Chinese lockdowns and a failing stock market there have gold buyers in a lacklustre mood. Some miners are trading where they were when gold was $500-$600/oz and that’s obviously disappointing...
Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.
“These additional high-grade drill results from Golden Mile are exciting as we continue to confirm and further delineate high-grade gold mineralization."
Gold stocks’ latest upleg is their sixth of this secular gold bull born back in mid-December 2015. Since GDX’s latest major interim low in late September, this leading sector ETF has rallied 41.4%...
With phase-one now complete, the Company is now focused on phase-two mining with access to the mine's high-grade Pearl zone over the next three years (estimated at 3.75 grams per tonne gold).
