A “generational opportunity”…

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A Generational Opportunity

Not since the beginning of this century have we seen an opportunity like that offered by junior mining stocks today.

It’s depressing in the junior mining market right now.

A few weeks ago, I spent nearly a week in Vancouver attending two mining investment conferences back-to-back.
 

I can tell you that the mood at these conferences was as dreary as the weather.

Every day was marked by near-constant rain accompanied by chilly temperatures and a dark, twilight-like atmosphere. This alone would have been enough to dampen the spirits of the hundreds of mining stock investors that had flocked to the city for these new-year events.

But they had more to be depressed about. When gold ended 2023 on a high note, setting a new all-time record, metals and mining investors looked ahead eagerly to the typical new-year metals rally.
 

Only it didn’t happen.

Virtually on cue with the ringing in of 2024, the gold price began to slide. From the first trade of the year to January 17th, gold lost about $80 and threatened to fall back below $2,000.

However, as I’ve been reporting in these letters, gold steadfastly refused to dip below that key level. Not until last week, when the January CPI numbers came in hotter than expected and spawned a wave of selling across every asset class, did the spot gold price dip below $2,000.

It stayed there for all of two days, before climbing right back above and beginning a new rally, as you can see below.

So what’s the lesson in all of this?

Gold’s reluctance to fall below $2,000 is powerful evidence that there’s a sovereign bid in for gold. Whenever the shorts try to force the price below key support to trigger sell-stops and accelerate a decline, in comes the buying to drive the price right back.

But failing to fall doesn’t equate to extended gains. And that’s precisely what we need to see — a consistent uptrend driven by monetary factors — to get the junior mining stocks rolling again.

Why It’s Now About To Turn...

The good news comes in two parts.
 

First, mining stocks are as bombed out today as they were in 2000, more than a generation ago. But back then, gold had bottomed at $252 an ounce...and it took a couple of years of steady gains in gold to get the mining stocks moving.

Today, with gold near an all-time high, it won’t take two years of gains to jump start the mining stocks. Something like two weeks might be enough, if gold is moving for the right reasons.

The other factor to consider is that we need to prove that gold has truly broken out before we can expect those generalist, trend-following Western investors — who have been ignoring gold so far — to jump in.

In my opinion, that means we need to break decisively through $2,100 to show that the current move isn’t just another top and failed breakout.

Which brings me to the second piece of good news: That $2,100 level is within spitting distance. We could get there in a day’s trading, given the right circumstances.

And those circumstances seem directly ahead. While the markets are now arguing over when the Fed’s first rate cut will come and how many there will be this year, the big story is that we’ve progressed from the most severe hiking cycle in Fed history to a rate-cutting cycle.

That means we’re about to get a tremendous tailwind for gold, silver, mining stocks and “things” in general.

And that’s why this is truly a generational opportunity in junior mining stocks.

Life-Changing Potential

The last time junior mining stocks were selling this cheaply, they were about to embark on an 11-year run that spun out absolute fortunes.
 

It wasn’t unusual to see companies soar four, five, even 10 or more times in value during that bull market, with these kinds of performances repeated over and over again.

And remember, back at the beginning of that run, gold was also selling for multi-year lows. Today, gold is near an all-time high and seemingly headed much higher.

So when the turn comes this time, it’s going to come hard and fast.

As I just noted, the Fed seems poised to launch the next big run in the weeks directly ahead. Once the initial rate cut seems imminent, gold — and the best junior mining stocks — are likely to take off in a flash.
 

The time to get involved is now, while these companies are still selling for a fraction of their recent highs.

Get Everything You Need To Know Now

Next week we’re going to publish the March edition of Gold Newsletter, with my latest views on the metals markets and coverage of dozens of today’s most exciting junior mining stock opportunities.

If you’re not already a subscriber, you need to sign up now to guarantee that you get this valuable issue hot off the press. Just CLICK HERE to subscribe now.

In the meantime, you also have a free venue to learn about quality junior mining stocks: The recently re-launched Gold Newsletter YouTube Channel.

In conjunction with noted mining market commentator Kai Hoffman and his Soar Financial service, we’ve been conducting interviews with the management teams at many of the top junior mining companies in the market and posting them on our rejuvenated YouTube channel.

These concise, information-packed interviews are now all available for you to view on the official Gold Newsletter YouTube Channel. Some of our recent interviews include:

• Lavras Gold (LGC.V) – a company with not only a major, world-class gold discovery, but potentially an entirely new district...
   
• White Gold (WGO.V) – the company leading the modern Yukon gold rush, with a commanding position including both confirmed discoveries and exciting targets...
   
• First Mining Gold (FF.TO) – a company that controls not one, but two of the largest gold projects in Canada...
   
• Defiance Silver (DEF.V) – capitalizing on Mexico’s rich mining history, this company is rapidly advancing discoveries in not only silver, but gold and copper as well...
   
• Scottie Resources (SCOT.V) – with high-grade drill hits that keep on coming in an area surrounded by mines and infrastructure, this company is building a large, rich gold resource...
   
• Torq Resources (TORQ.V) – on the trail of massive copper and gold deposits in Chile’s most prolific mining belts, with drill results on the way...
   
• Goldshore Resources (GSHR.V) – advancing a multi-million-ounce gold project with the potential to grow much larger with 36 targets along a 35-km trend...
   
• Banyan Gold (BYN.V) – a 7-million-ounce gold resource currently valued for a small fraction of what it would be in a normal market, with the next gold bull run seemingly just ahead...

Again, you can get the latest details on these exciting companies right now on the Gold Newsletter YouTube Channel. Just click on the link below to watch these interviews and more....

All the best,

Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference

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