MIDAS Alert: Canada’s Top Gold Target is Cheap Again

By Dan AmossPosted June 24, 2022

With gold stocks beaten down on the rising strength of the dollar, the most promising gold development project in Canada has been oversold. Using the MIDAS system, Jim and Dan recommend buying back into a gold explorer we’ve owned before that has huge upside potential as an attractive acquisition target for a major or mid-tier mining company.

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Jim Rickards’ Gold Speculator with Dan Amoss

Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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MIDAS Buy Alert: Premier Project in the Golden Triangle is On Sale

By Dan AmossPosted July 22, 2022

British Columbia’s prolific Golden Triangle is home to several large high-grade mines and some of the world’s biggest mining companies have committed substantial capital to projects in the gold-rich region. Using the MIDAS system, Jim and Dan recommend an oversold stock that owns an exciting development-stage gold project with excellent economics in the Golden Triangle region and its depressed stock price makes it another viable takeover target for a senior miner.

Midas Sell Alert: Take A 24% Gain on Monarch Gold

By Dan AmossPosted November 3, 2020

When we recommended Monarch Gold in our starting portfolio, we wrote that Monarch would be an attractive takeover which could boost their stock price. Yesterday, Monarch announced that Yamana Gold will acquire their Wasamac property and the Camflo property and mill. So, let’s take short-term gains now after holding for only two weeks.

MIDAS Sell Alert: Take A 33% Profit on Corvus Gold

By Dan AmossPosted July 16, 2021

A key part of our thesis on Corvus since last October was its attractiveness to an acquirer. On July 13, AngloGold made an acquisition offer. Although we think AngloGold is getting an excellent deal relative to the free cash flow that Corvus’s assets can produce in the years ahead, now is a good time to take a gain on a position that we’ve held through a difficult period for junior gold stocks. Dan recommends taking gains in KOR.

MIDAS Sell Alert: Take A 42% Gain on Victoria Gold

By Dan AmossPosted March 7, 2022

Victoria Gold’s revenue, EBITDA and free cash flow were all impressive in 2021. That helped the stock to outperform gold and the GDXJ ETF of small-cap gold stocks. Considering its recent rally on strength in gold prices and the cheaper stocks in the rest of our portfolio, it makes sense to take gains today.

MIDAS Sell Alert: Take A 22% Profit on Osisko Gold Royalties

By Dan AmossPosted March 14, 2022

We recommended Osisko Gold Royalties in late 2020 as its performance had badly lagged its peers. We viewed this as a buying opportunity. Since our recommendation, OR’s valuation has reversed some of its valuation discount. Now, after a 30% rally in the past six weeks, OR looks overbought. It’s a good time to take a profit on this position.

Midas Sell Alert: Take A 28% Gain on Metalla Royalty and Streaming

By Dan AmossPosted December 14, 2020

MTA is a high-potential company and we are confident the stock will deliver excellent long-term returns. However, we see much better value elsewhere in our portfolio of recommendations. This stock has moved higher at a very fast rate on little incremental news. So, we recommend taking a healthy gain after a short holding period for an annualized gain of 186%.