Mining Stock Daily Chris Vermeulen on Gold's Upcoming Correction; Kai Hoffman on Positive Sentiment Shifts in Capital Allocation within Junior Developers
In our first segment of this week's long-form, Chris Vermeulen of The Technical Traders discusses the current state of the markets, focusing on the relationship between gold, the dollar, and yields. He emphasizes the importance of technical analysis and following market trends rather than relying solely on fundamentals. Vermeulen predicts a potential market correction and highlights the need for a recession to address lingering inflation. He also shares insights on navigating the gold market and the implications of the current economic climate.
Kai Hoffman than joins the podcast to talk about the current state of junior mining and mine financing, highlighting the recent influx of capital into the sector and the positive sentiment surrounding gold and silver prices. They delve into Wheaton's strategic financing moves and the upcoming Deutsche Goldmesse, emphasizing the importance of market sentiment and investment opportunities in the mining sector.
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Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport. Grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit www.arizonasonoran.com.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
Minera Alamos is a gold developer and producer with its first low capex mine, Santana, continuing to work through start-up development. The company is also advancing the Cerro de Oro project through the permitting process. Minera is built around its operating team which brought 4 mines into production in Mexico over the last 13 years. It is fully funded with over $20-million dollars in working capital. Learn more at mineraalamos.com.