Resource Expert's Junior Mining Trio
10/10/2016 9:00 am EST
After years of losses and one of the most brutal junior resource markets ever, gold has soared. The first quarter of this year caught many of the big banks flat-footed, states Gerardo Del Real, editor of Resource Stock Digest Premium.
Gold has entered a new bull market and although there will be healthy corrections, even the big banks are catching on.
Here’s JPMorgan on May 11, 2016: "We're recommending our clients to position for a new and very long bull market for gold. After seeing three back-to-back years of losses, the precious metal has rallied 20 percent in 2016. And that's just the start of the next leg higher.”
Goldman Sachs, who was previously short gold and lost 4.5% on that position, got stopped out of its position and was forced to do an about-face and raise its gold forecast.
While the shiny yellow metal is up over 20% this year, many of the juniors are up 100%, 200%, even 400%.
While I expect healthy corrections in the price of gold and the juniors, there are three tiny gold stocks that you need to own now.
NewCastle Gold (CTMQF) is the owner of one of the largest undeveloped gold deposits in the US, yet trades at a fraction of what peers with smaller deposits trade at.
Nevada Sunrise (NVSGF) owns a small percentage of a high-grade discovery that is in its early stages but has the potential to become a very important gold deposit in one of the best mining jurisdictions in the world.
It’s also being drilled as we speak by one of the most respected geologists in the business.
Almaden Minerals (AAU) is sitting on a world-class deposit with excellent exploration potential, excellent infrastructure and multiple confidential agreements in place.
I believe it’s a prime buyout candidate and you want to position yourself in this company now.
By Gerardo Del Real, Editor of Resource Stock Digest Premium