Gold Holding Up Over $1,400/oz (June 29, 2019)

Nobody knows what the future will bring, but for now, gold continues to hang in there tough, with the spot price still trading above $1,400/oz. Granted, as usual, I just try my best to look for opportunities (if I can find them), and using my “more conservative approach” to speculating, these days, here are some names that I’m liking (assuming gold can stick around these levels, or head higher still).

  • Orezone Gold (ORE.V/ORZCF) is up 40.66% since June 1.
  • Teranga Gold (TGZ.TO/TGCDF) is up 27.71% since June 1.
  • B2Gold (BTG) is up 11.81% since June 1.
  • Marathon Gold (MOZ.TO/MGDPF) is up 4.55% since June 1.

I certainly realize that owning gold stocks primarily focused on projects located in West Africa (Orezone Gold, Teranga Gold, B2Gold) is NOT everyone’s bag, baby, but through my own research, I’ve more or less concluded that a lot of the “higher margin” stuff is located in this part of the world…

But I do also really like Marathon Gold, as well (which is also shown in the chart above)… and their flagship gold project is located in Newfoundland, Canada.


Full Disclaimer: I own shares of: Orezone Gold, Teranga Gold, B2Gold, and Marathon Gold. As ALWAYS, though, I’m NOT recommending anything to anybody. Please do your own research and due diligence before putting your own capital at risk. I’m a gambler, so a gambler’s gonna gamble, ya know… Don’t be like me.


Sure, it’s risky stuff to stray far from home (right!?!), but that’s kind of the nature of speculating (in essence), and for myself, I tend to “dabble” on the side of the spectrum that’s “boring as fudge” for most people, anyway… You know, late-stage developers, producers, near-term producers, etc.


I’m NOT caught up in fixating on early-stage exploration stories no more…


I mean, I’ve got shares of Novo Resources (NVO.V/NSRPF) for shits n giggles (let’s call it a hail mary punt, in case a “home run” eventually eventuates), but that’s pretty much it, these days…


Chicken Shit Speculating 101, if you will…


Again, not for everyone, but if gold can manage to hold up reasonably well over the next 6-12 months or so (continuing to hover above $1,400/oz), I think that’s pretty much all I need to see for a lot of the “boring as fudge” stocks I own to do reasonably well…


Different strokes for different folks; if you want 10x bangers, my approach likely won’t work for you…


After observing so many disasters/calamities/trainREKTs/shady shady shady/etc. in the mining biz, let’s just say my overall confidence level in the sector is near NIL.


So, I’ve got absolutely no problem/reservations continuing along this most boring path possible (leave me alone scam artists, I want nothing to do with your next “great idea”), as it pertains to being a chicken shit gold mining speculator.


Happy Hunting!

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