Gold & Silver Mining Stocks

[text] Many of you have not experienced the high volatility of gold/silver. And thus these corrections feel rather painful. I've experienced so many of them over 20 years that I am immune. I always try to buy the dip and wait for it to end. It always does. We know where this goes. The

[video] Oil just reached $100. That means the S&P 500 is heading lower on Monday. We will find out whether gold is ready to decouple, or if it will follow the S&P lower. Stay tuned. The 200 DMA (6582) is likely to get taken out next week. I've never witnessed a US President take a risk

[image] The silver bull is going to buck. Expect $72, and perhaps a bit lower. 🧐

[image] The opportunity to buy Hecla is approaching. The buy window is $15 to $19. We probably won't see $15, but we could get close. Let's value Hecla at $150 and $200. This is a strong asymmetric bet if you think silver is going a lot higher. $150 silver / $6000 gold: 15.5M oz ($150

[image] Gary is a bit bullish on silver prices. 🧐

[text] 2026 Toronto MIF/PDAC Top Picks Potential 20+ Bagger at $6500 gold / $150 silver Andean Silver (Production in Q1 2028). Blue Lagoon Resources (New producer in Canada. Excellent production growth potential). Cassiar Gold (Pivoting to development. Long-term development

[image] $250 is a piece of cake? Hmm. My targets are way too low! The problem is that the numbers get wonky at $250! For instance, Andean Silver will restart their mine in Q1 2028. They will mine between 5M and 10M oz per year, depending on the head grade. Let's use 6M to be

[image] He's kidding, right? 😳

[text] Gary is calling for at least $6K gold on the next uptrend in gold. 😳

[image] 10% whack in a single day. Like I said, buckle up, the bull is going to buck. Keeping silver under $90 is important for the banksters. Above $90, and $100 becomes a magnet. Above $100 is a problem for them. But the story is gold, and gold is going higher. That's all that

[text] Hycroft Mining updated their resource. It's huge. Let's do a back of the napkin valuation at $7K gold. 500K/year AU x ($7000 - $2500) = $2.2B x 15 = $33B future mkt cap. Using silver as offets to lower their ASIC.

[image] My lineup. All 10-baggers. 😳 1911 Gold Talisker Gold Santacruz Silver Scottie Resources Silver Tiger Lahontan Gold

[image] Update from Eric Sprott. Always a good listen. 👍

[text] I agree. The gold bull market is not likely to end before 2028. Both 2026 and 2027 look extremely strong for gold. 🧐

[image] $1,000? I remember when silver was at $10, and $100 was considered fantasy. I expected $100, but not $1,000. It blows my mind that some are expecting about $1,000. For instance, $5,000 gold x 10 = $50,000. 😳

[image] Buy silver miners. They are cheap! 🧐

[text] Wrong. Sure, you can likely make a nice return on fertilizer stocks, but the silver developers (with construction less than 2 years out) are by far the most overlooked trade! 😉

[image] Who wants to buy the dip? 🧐

[image] Around $1400 per oz operating costs. Let's use 15% for energy. That is around $200 per oz. If energy prices rise 50% ($90 oil), then you get an $100 increase per oz. If energy prices rises 100% ($120 oil), then you get a $200 increase per oz. Then, if inflation kicks in, you

[text] Top 10 Silver Producers, ranked. 😉

[image] This is the trade of this decade, and most will miss it. 🧐

[image] Here is a 10-bagger list. 🧐

[video] Notice the one lady quickly leaving. She is in the 1% club -- who sees what's coming. Are you in the 1% club? If you don't own any gold/silver miners, then the answer is no. 😳

[image] Rubio: "The war will only last 2-4 more weeks." That sounds like we plan to walk within a month, even if we don't get a deal to open the Strait. Or, we will accept a bad deal. The chance of a good deal in 2-4 weeks seems unlikely. My reaction: The US economy was already

[image] The next few months will be interesting. 🧐

[text] If oil averages between $100 and $85 in Q2, we should see AISC for gold/silver miners rise by about $100 to $200 per oz. If the average is between $100 and $120, it gets uglier -- $150 to $250 is my guess. The key is the gold price. If gold averages above $5200 in Q2, then

[text] Mid-Week Macro Gold dropped $150 today to $4847. It is now down 13% from its ATH. Silver is at $76 and dow 36% from its ATH. The HUI is at 753 and down 22% from its ATH. The S&P 500 is at 6624 and down 5% from its ATH. Iran is causing havoc. As I have been saying, we can expect

[image] My winners today. I'll continue to post these lists until at least a few gold/silver miners get pricey. So far, everything remains cheap.

[text] Here is your buy-the-dip list. 😉

[image] Silver Storm Mining @TSXSVRS promo.

[image] Many of you are likely experiencing this today. It's not necessarily a bad thing to be down 50% -- if you own the right stock. 😉

[text] Nothing stops this train. 🧐

[image] China and Russia do not allow the export of gold bars. Who's next? 😳

[text] Hecla Mining: Q4 results. 3.8M oz AG at $12 AISC. Guidance for 2026. 15.5M oz AG at $15.50 AISC. FCF run rate $700M. FCF multiple 20. Cash balance $242M. Debt $275M.

[image] Some Mexico risk-aversion. 🙄

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[image] Below is a new video out by Jordan Roy Byrne (@TheDailyGold). He makes a good argument that this current correction in gold will end before July. Since 1970, corrections during a gold bull market have never lasted more than 5 months. So, if history rhymes, the current

[image] Once the selling was done, this was inevitable. Gold is the new buy-the-dip asset. 🧐

[image] Another -6% day for gold/silver miners. Gold down $117. Gold is down 20% from its ATH. Silver is down 45%. HUI is down 27%. The bull is bucking. If you want big alpha, the bull won't let you have a free ride. Pain will be involved. Lots of bruises. I will repeat, the best

[text] Enter the 5-4-3-2-1 contest. Turn $7.5K into $3.7M. Note: You do not need to join my Substack to read this article. It is open to the public.

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[image] Nice chart, but Pan American's revenue is only around 27% silver. It was down to 20% before the MAG Silver deal. 🧐

[image] Hycroft likes these results.

[text] Mid-Week Macro Gold and silver were up big on Friday and Monday, then crashed on Tuesday. The HUI reached a new ATH on Monday at 978. Today it closed at 902. That is a 7.7% correction so far this week. Let’s see how we close on Friday. The war in the Middle East is supposed to

[image] In a gold/silver miner bull market, you want to buy the dips. We should continue see higher highs and higher lows. 700 clearly looks like the new floor. Soon, that will become 800, then 900, then... I think it is heading to at least 2000, and probably 2500. 🧐

[image] I often think CFOs have lost their minds. 😂

[image] Newsletter Favorites (90 stocks) reviewed in 20 minutes using the new GSD defaults of $7000 gold/$200 silver.

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[image] First Majestic Silver: Jerrit Canyon restart planned for H2 2027. Feasibility to be released in Q4 2026. Current resource 7M oz. I expect at least 125K oz production, ramping up to 200K/year.

[image] My MIF presentation today.