|
[ Follow Us On Twitter ] #Stocks #TSX #TSXV #CNQ #NASDAQ @MarketTrendNews |
|
December 17th, 2019
Dear Valued Readers,
This will be our final newsletter of the year. We would like to wish you all a very Merry Christmas and Happy Holidays! May 2020 bring you health, happiness, and a some profits!
The Dow train keeps chugging along. It is up about 500 points since we last wrote. Quite an impressive 6600 point move this year (from the low). Interactive chart of it [ here ] .
Frank Holmes Kitco Interview: The ultimate gold price forecast for 2020 [ View Video ]:
A supply crunch is coming and this will cause commodities to skyrocket in 2020, this according to Frank Holmes, CEO of U.S. Global Investors.
"This theme of ESG, environmental, social governance, is driving everything and it’s going to harm exploration. We’re going to see a supply-side restriction but people are going to have babies and the world is going to chug along and grow, but the commodities aren’t going to be there," Holmes said, adding that a huge price rally would follow."
Spot Gold [XAU/USD] is currently at $1477 usd/oz. It has formed a short term bottom at $1446 and we will see how the holidays go. Hopefully January sees the Gold Train break $1500++ again. We have US politics, the US $ and other factors influencing gold but once some momentum builds it could be a crazy train to be on! Speculation always drives financial instruments higher (and lower) than where they should go. Look at the Bitcoin example ($1000 to $20,000 in 1 year, 2018). In my opinion Gold's turn is coming again.
Another example is Cannabis stocks. Many people made a lot of money when speculation ran rampant with the legalization of Marijuana in Canada. Hopefully you sold and made some money. As I just said, financial instruments always run too high and often way too fast. Here is a good [ infographic ] showing the Dramatic Rise and Fall of Cannabis Company Stocks.
Both of our featured companies are sitting at 52 week lows. Tax loss selling here at the end of the year can provide opportunities to accumulate discounted stock in your favorite companies. Have a look at our featured companies below, look at their projects, and do some research on their 2020 exploration programs.
One of our featured companies has provided us with a link to a recent webinar hosted by O&M Partners out of New York. You can view the recording [ here ] .
Upgrade your subscription to MTN Platinum ---> [ Here ]
|
|
|
|
|
|
Editorial Comments:
Osisko Mining Inc ( OSK TSX ) [ Osisko Web Site ]
[ I do not own any ]
What a ride for Osisko Mining shareholders this year. $2.48 last December, up to $3.15 in January, then back down to $2.50 (still in January), then up to $3.75 in February, then back down to $2.60 in April, then up to $3.90 in July, back down to $2.60 in November, and here we are in December at $3.66! Osisko is caught in a range and skilled traders/institutions could have traded it all year. [ Interactive Chart ] . $3.75 is a previous resistance level and then it could be off to challenge previous 5 year high of $5.65 (April 2017).
Why has it gone from $2.70 to $3.66 in the last month? Check it out the headlines and read the full news at their website:
11-25-2019 - Osisko Intersects 161 g/t Au Over 8.0 Metres at Windfall
12-2-2019 - Osisko Intersects 106 g/t Au over 13 Metres in Lynx Extension
12-5-2019 - Osisko Mining Closes $61 Million "Bought Deal" Private Placement of Flow-Through Shares, Including Full Underwriters' Option
12-9-2019 - Osisko Mining Recaps Windfall Drill Program and 50 Top Intercepts
12-10-2019 - Osisko Windfall Update on Discovery 1 Deep Drill Hole
12-11-2019 - Osisko Lynx Bulk Sample Returns 17.8 g/t Au Reconciled Head Grade
12-16-2019 - Osisko Intersects 1475 g/t Au Over 4.6 Metres in Lynx
The company has raised a whole lot of cash, drilled ridiculous grades, but the deposit is deep (expensive to develop). What will happen to Osisko Mining? Will they fully develop this Canadian mine? Or will they be bought out and at what price??
2020 should be interesting for them. Auryn Resources ( AUG TSX-Venture ) [ Auryn Web Site ] [ I own some of it, I do not work for them. ]
Auryn news today:
"Auryn Strengthens its Peruvian Team with Appointment of Christian Rios as Vice President of Operations in South America"
"We are very fortunate to add someone of Christian's caliber to our team. His impressive track record of discovery and extensive experience advancing projects in Peru will be paramount to Auryn's success as we look to bring both our Sombrero district and Curibaya project through the discovery stage with maiden drill programs anticipated in 2020. "We are currently awaiting an update on our pending drill permit for Sombrero and expect to receive news shortly."
================================================
2020 will be a very busy year for Auryn. When drilling starts and the news flow increases I'm hoping Auryn shareholders will be handsomely rewarded. I am the most excited about this company for 2020 and it is my biggest holding by $$ value.
If you haven't researched Peru and Auryn's targets, you should.
December 4th: Auryn Resources: Curibaya Further Enhances The Bullish Case
Presentations/Interviews:
December 2nd: The Silver and Gold Summit [ View Here ]
November 29th: Commodity-TV [ View Here ]
October 30th: Proactive Interview [ View Here ]
October 29th: Financial Survival Network Podcast: [ Listen Here ] June 16th, 2019 Investment Recommendation: Roth Partners Target $3.25USD [ View Here ] Precious Metals Summit: [ 15 Minute presentation ] [ PDF of the slides ]
========================================
Do your own research!
More stocks and more commentary in our next newsletter!
Treat this section as a very opinionated BLOG.
I do not provide trading advice and you should do your own research. |
|
|
|
|
|
|
DISCLAIMER:
Our sponsoring company has paid for an advertising package with Market Trend News.
Market Trend News may or may not have a share position in the company being featured. |
