VanEck Vectors Gold Miners ETF (GDX)

MEMO: FOMC members insider trading during tumultuous but opportunistic 2020 was not great shocker. Covid 19 brought great human challenges but mostly great opportunities to invest and dominate. Eldorado Gold (EGO:NYSE ELD:TSX) is about to be re-rated higher in the short-term as Greek assets-counting for over 50% of current NAV-and somehow forgotten legacy style Lamaque mine and surrounding assets in Canada expanding at rapid pace. Precious metals washout is officially over. Quarter 3 reporting period majority of producing miners consensus will have stronger H2 with surprises on the upside regarding R&R statement eoy and overall liquidation level valuations offering discounts in share price not seen since start of pandemic. M&A has picked up in mining sector recently and will continue to accelerate in Australia, North America, Canada-too many players. M&A arbitrage with Eldorado Gold rated #1 most likely takeover target in Canada due to current extreme discount in share price and billions in NAV to be unlocked in the short term. Eldorado will release an updated feasibility study for Skouries mine ($250 AISC gold/copper) in Q4.
$GDX $GXXJ $EGO $ELD $BTG $HMY $IAG $AUY $KL $AEM $NEM $GOLD $FNV

Greetings !
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$BRYYF $NEM $RGLD $FNV $GDX $SBSW

The most undervalued and priced almost next to nothing is currently Amani Gold from DRC
.... sitting on the planets biggest mother lode ...

IF you are reading this, I need to congratulate you. You obviously are smarter than the average investor. You have you own ideas about where we are heading and why...and you have decided that precious metals MIGHT be a part of your answer.

FIRST: You are NOT alone., even though if you watching CNBC or other business news you would think there are ZERO investors interested in precious metals or that those that are resemble the Beverley Hillbillies or bury coins in the back yard.

SECOND: IF you decide you are interested in gold, silver, platinum, palladium, or rhodium you are in the right place.

First, ASA has an enormous discount from NAV of over 13% right now. ANYONE buying the mining stocks on this list elsewhere are simply paying 13% more than those buying here.

Secondly, although everyone will agree ASA's management team has been an absolute disaster for years (hence, the discount is explained). However, the management team finally got smart and decided to turn it over to real professional asset allocators. Going forward, this fund will NOT underperform the averages like $GDX and $GDXJ as it did in the past.

Third, the discount is going away slowly and surely. This is going to happen because the team is going to strategically buy back shares to reduce the discount at the same time they are exploring conversion to an ETF, which would immediately eliminate the discount from NAV (and give you a free 13% one-day profit on ALL your invested funds).

Finally, yes I am a know-it-all and I'm sorry about that but watching people buy gold, silver or other PMs anywhere else is just dumb. Buy ASA instead for the reasons I have enumerated previously.

A interesting source on physical silver, gold, uranium is sprott asset management on twitter

Cheers

$GDX $PSLV $SLV $GOLD $URNM

$gdxj $gdx

Gold is up about 5 percent from its lows from a week ago. That means the miners who are obviously highly leveraged to the price should be up a minimum of 10 percent from the lows. They are up around 2.5 percent.

Clearly something is wrong here. I'm still bullish and they will let this go when they are ready I suppose. They can't hold it down forever

Also cash flows are the best the mining sector has ever had. Balance sheets as well. Yet here we are a near 52 week lows.

$gold $gdx $gdxj

US dollar has gained quite a bit recently but gold not going down.

You know what that means when the US dollar weakens

1800 plus next week