3 Top Junior Gold Stocks Currently Outperforming GDXJ
Jeb Handwerger | Aug 10, 2016 05:39AM ET
After one of the most exhausting and traumatic bear markets in junior mining history the 2016 rebound has been quick and powerful. We are witnessing a massive uptrend that has rarely seen pullbacks. Its been very hard for the investors who have been short precious metals or in cash to acquire meaningful sized positions. Gold and especially silver are breaking out and look very powerful. Some of out top notch junior gold miners are breaking out in addition the lithium sector may be just a few weeks away from its next big up move after consolidating for about three months. I expect more news coming out of Tesla's (NASDAQ:TSLA) Gigafactory to help increase eyeballs on the sector. Big money is getting behind gold and lithium in 2016 which I have been positioning for years.
Lets visit some of the recent junior gold stories I have been highlighting this year.
1) Treasury Metals Inc (TO:TML) which was pretty much a low volume and relatively unknown stock when I started highlighting it at the end of last year on my website. Now the stock is breaking out into new 52 week highs as it may begin to be recognized as one of the top near term high grade gold producers in Ontario. Treasury has been able to raise money this year and recently made a strategic gold acquisition in Ontario. Please note I am a shareholder of Treasury Metals and they are a current website sponsor.
2) MX Gold Corp (V:MXL or MXLGF) is a company which I have been highlighting for a few months as a near term gold producer. The company was able to raise $4 million CAD and recently appointed a former Goldcorp Inc (NYSE:GG) mine builder as its new CEO. This is a huge vote of confidence in the ability of the company to start gold production at its Willa Project. MXL recently broke out on huge volume and then pulled back to the 50 Day Moving Average which it has bounced off of on good volume. Look for a bullish MACD crossover. Please note I am a shareholder of MX Gold and they are a current website sponsor.
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3)I just recorded an interview with Sandspring Resources Ltd (V:SSP) (MU:SRX1) CEO Rich Munson and discussed what makes their project so unique that it can attract the large high quality silver royalty company Silver Wheaton Corp (NYSE:SLW) to make a financial commitment. Sandspring was also able to raise a significant amount of money this year which will allow them to do some exploration drilling to hopefully look at starter areas which could improve the economics on the Definitive Feasibility Study which Sandspring is working toward. Having Silver Wheaton and Mining Financier Frank Giustra backing the company is great sponsorship and I would not be surprised to see Sandspring attract the attention of large majors who have seen the recent success of Guyana Goldfields Inc. (TO:GUY)) which is an $8 stock and the possible undervaluation of Sandspring which is still under $1. Please note I am a shareholder of Sandspring and they are a current website sponsor.
Disclosure: I own securities in Treasury, MX Gold, Sandspring. Treasury, MX Gold, Sandspring are current website sponsors. Please be aware of these conflicts of interest and do your own due diligence. Owning securities and receiving compensation is a conflict of interest as I could personally benefit from a price/volume increase. Please do your own due diligence as this is not financial advice! Section 17(b) provides that:
“It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication, which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.”
I am biased towards my sponsors (Featured Companies) and get paid in either cash or securities for an advertising sponsorship. I own shares in all sponsored companies.
You must do your own due diligence and realize that small cap stocks is an extremely high risk area. Please do your own due diligence!
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