Since early July, I’ve told my subscribers in the precious metals markets to take a Katusa Free Ride on all our gold stocks.
Thus, all but one stock in our portfolio has a zero-cost base and we are flush with cash.
Is it time to jump in right now?
Before we get into what to do now, let’s do a quick review of the gold market for the last nine months up to September 2020.
Gold and silver were fresh off of multi-year highs…
Retail and institutional interest were at multi-year highs…
And volumes were through the roof.
New buying and market interest led to a large number of new gold and silver exploration companies. Promoters know that when the ducks are quacking, they must be fed.
On the back of a 20% rise in the gold price in 2020, this led to a massive number of financings and raises.
There was approximately $5.4 billion in resource financings YTD and 28 new gold companies alone.
