This will ignite a resurgence of gold speculators…
by Gerardo Del Real
I want to share my copper story with you.
The price of copper is over $4.00 per pound. The highest price since 2011, in a decade, when it traded at $4.50 per pound.
So here's my penny story, and my copper story.
A pre-1982 penny now has 2.5 cents’ worth of copper in it.
And there are a lot of people out there, including Peter Schiff, who I noticed tweeted this out. He thinks it'll be worth a nickel next year.
A penny's a penny. If you can find one, that's a heck of a return.
That should tell you how quickly the movements are happening.
I also have to talk about the uranium space as well, because although the spot price hasn't moved an inch — oh man — the uranium stocks are ramping up.
I could go down the list.
- Skyharbour Resources (TSX-V: SYH): 52-week low of C$0.08... 52-week high recently of C$0.36
- Uranium Energy (NYSE: UEC): 52-week low of US$0.35… 52-week high recently of US$2.56
- Energy Fuels (NYSE: UUUU): 52-week low of US$0.78… 52-week high recently of US$6.45.
All companies that we were highlighting when nobody cared. All of a sudden, everybody cares.
The same thing is happening in the copper space.
Regulus Resources (TSX-V: REG) is up 20% here in the past week or two. Kutcho Copper (TSX-V: KC) was hitting 52-week highs recently.
So listen... the time to buy is when no one is looking.
In the gold space, which seems so boring right now, the producers are making money hand over fist. A lot of producers have $700 to $800 margins for every ounce of gold sold. Those balance sheets look healthy to me.
You should be able to deduce that you're going to see some mergers and acquisitions (M&A) coming at a pretty premium.
I think that'll start up here soon.
And I think that's going to help ignite a resurgence of gold speculators.
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest
For the past decade, Gerardo Del Real has worked behind-the-scenes providing research, due diligence and advice to large institutional players, fund managers, newsletter writers and some of the most active high net worth investors in the resource space. Now, he is bringing his extensive experience to the public through Resource Stock Digest, Junior Resource Monthly, and Junior Resource Trader. For more about Gerardo, check out his editor page.
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