China Stops Gold Buying, Silver Drops 5 Juniors Ramp up Marketing
Gold and silver had a painful week last week, both losing key support levels. The majority of that fall is thanks to certain developments in China. In this episode of Junior Mining Talks, I kick it off with an overview of why last week most metals closed in the red and what that might mean for the near-term future of precious & base metals.
After my rant, Luc ten Have talked to me about a few junior mining stocks, and why they moved last week.
More specifically, we talked about 5 junior mining companies that went up significantly last week:
1. Golden Shield Resources (CSE: GSRI) + 114%
2. SRQ Resources (TSX-V: SRQ) + 55%
3. Nevada King Gold (TSX-V: NKG) + 37%
4. Abcourt Mines (TSX-V: ABI) + 29%
5. Alaska Energy (TSX-V: AEMC) + 90%
Lastly, we talked about the overall promotion and marketing in the junior mining space. The good, the bad, and the ugly.
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The viewer acknowledges and agrees that the information does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
The host is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication. Always assume he doesn't know much more than a potato does.
The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don't read the official documents provided by the company on www.SedarPlus.ca, you will lose all of your money.
Timestamps:
00:00 Intro
01:43 Why are metals prices falling again?
14:39 Why did Golden Shield Resources go up?
25:09 Why did SRQ Resources go up?
35:58 Why did Nevada King Gold go up?
44:11 Why did Abcourt Mines go up?
51:39 Why did Alaska Energy Metals go up?
01:01:44 Promotion & Marketing in the Junior Mining Space
