Gerardo Del Real,
Editor
Aug. 12, 2024
This is your Resource Stock Digest editor Gerardo Del Real here with some Monday coffee talking points and thoughts.
What am I watching this week?
Well, gold is surging towards US$2,500 - currently trading at US$2,460 per ounce. Gold looks primed to break out further as geopolitical tensions around the world are continuing to support the price of the safe haven metal.
When you add in the fact that Western central banks haven't really been as active as Asian central banks and BRICS countries in adding to gold reserves, you can see how the gold price is likely headed much, much higher.
Footage reveals America’s biggest gold mine…
NOT yet public knowledge
I recently put my boots on the ground in a remote site in Idaho… a place not accessible by typical transportation.
And what I discovered has blown away anything I’ve seen in my decade in the gold and resource sectors.
This is the single biggest undeveloped gold mine in America. Not second or third… but #1. And absolutely NOBODY knows about it.
That will all change soon, thanks to a shocking announcement that’s expected any day now… one that will launch one $4 gold miner to unprecedented new heights.
Click here for the full story.
Silver is also trading strong. It’s up over 1.5% today and pushing toward the US$28 per ounce level. Copper is also back above that all-important US$4 per pound mark.
Let's get to company specific news.
Q2 Metals (TSX-V: QTWO)(OTC: QUEXF) just drilled 215.6 meters of continuous spodumene pegmatite at its flagship, 100%-owned Cisco lithium property in James Bay, Quebec.
Couple that with what Patriot Battery Metals (TSX: PMET)(OTC: PMETF) is doing in James Bay, and you can clearly see that James Bay is going to be a big, big battery hub in the future.
That lithium supply has got to come from somewhere. And look, the bottom line is that there isn't very much compliant spodumene-lithium supply that's coming onboard as it relates to the Inflation Reduction Act. Those tax credits are going to be increasingly important to sector-related companies in the future.
I suspect that those companies are going to want to be able to capture those incentives by securing lithium supply from top-notch jurisdictions and flagship properties that have scale and life. Both Q2 Metals’ earlier-stage Cisco project and Patriot’s newly-renamed Shaakichiuwaanaan project offer that in spades.
I suspect it's going to be a heck of a second half of the year full of assays from Q2 Metals and Patriot Battery Metals.
3 AI Stocks That Could Make Us More Than Nvidia
Last year we told our readers to buy Nvidia well ahead of the crowd — and made 235% gains in just 29 weeks when the rest of Wall Street came piling in.
But the bigger story is what’s been happening with small AI firms. Most investors have never even heard of them... and yet they’re well known to Big Tech insiders who need their innovations to stay ahead of the competition. Big Tech is willing to pay a premium to acquire shares — and these small AI buyouts have already made us 123%, 145%, and 235%. The buyout frenzy has begun...
Find out the 3 small AI stocks at the top of Big Tech’s buyout list — and why we’re likely just weeks away from the next round of triple-digit gains.
It's interesting times out there. See you all next week.
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest