Categories: General Market Commentary
Topics: General Market Commentary

SAMPLE ISSUE: Junior Resource Monthly

Editor's Note: This is the last free sample alert from Junior Resource Monthly that we'll post. Click here to subscribe now for the discounted price of $99 per year. The faster-paced Junior Resource Trader will be live this week. Stay tuned. 

--Gerardo

A quick update on this morning’s copper price action. 

We’re seeing a good old-fashioned melt up in the copper space with the spot price hitting $3.14/lb. 

Junior Resource Trader will be live soon and if I was writing to the trading service this morning I’d be advising you to make sure you own Chakana Copper (TSX-V: PERU) (OTCQB: CHKKF) for a short-term trade or a great longer term speculation. 

I anticipate assays as early as this week, the precious metals space looks like it’s close to resuming its upward trend and the copper chart is a thing of beauty. 

For those of you that have patient capital to allocate, I’d be easing into or adding Magna Gold (TSX-V: MGR) (OTCQB: MGLQF) which is currently drilling multiple projects (silver and gold), is on the M&A hunt, producing and has pulled back a bit recently. 

I’d also make sure I owned all the Almaden Minerals (TSX: AMM) (NYSE: AAU) I wanted at these prices. I believe we will soon hear from SEMARNAT (the environment ministry) which should soon decide on Almaden’s mining permit.

A decision I expect to be favorable and a decision that I believe pulls in potential suitors sitting on healthy balance sheets looking to replace depleting reserves. 
 
I've recently issued guidance on Nevada Sunrise (TSX-V: NEV) (OTC: NVSGF) and the weakness in share price. It's due to the exercising of warrants that expire on the 29th of this month. There will soon be a drill turning at Coronado and assays will start coming in from Kinsley. These prices are a bargain. Take advantage of them.

Expect your new issue of Junior Resource Monthly (subscribe here) by month end and stay tuned for the launch of Junior Resource Trader.
 
Let's get it,

Gerardo Del Real
Editor, Junior Resource Monthly