Whiskey Bottle Begins Pouring Out All Over In The Mining Sector & A 6,000% Rally In This DRUG Stock

Gold has entered what I would call a "running bull market", and last week silver made a new 11+ year high weekly close above $33/oz. In this video, I attempt to unpack some of main drivers for the rally in precious metals - some of the drivers could have to do with the potential election outcome in the US next month.

At the end of last week it also began to feel like the junior mining sector is beginning to enter the "whiskey bottle into the shot glass" stage. Many silver juniors such as Blackrock Silver, Dolly Varden, and Vizsla Silver were bid up on heavy volume and ended the week at fresh 52-week highs. The animal spirits are beginning to escape the bottle they have been trapped in for the last several years.

I also attempt to explain the 6,000%+ rally in tiny Canadian biopharma stock Bright Minds Biosciences (Nasdaq:DRUG).

00:00 Intro
01:18 Story about a conversation I had with another gold investor last week
02:28 At first slowly, then all at once
05:40 The US election could be helping to drive gold/silver higher in recent weeks
09:15 The gold recycling trade
10:15 Both Presidential candidates will run huge budget deficits
11:45 Junior miners enter "whiskey bottle into the shot glass" stage (pardon the hyperbole) https://robertsinn.substack.com/p/min...
14:08 Investment banks raising their gold price targets
15:15 TSX-Venture Composite completes H&S bottom
18:20 DRUG stock rises 6,200%!!
20:24 Nuclear energy resurgence continues, uranium sector rises in sympathy
21:57 Oil gets hammered again, Schlumberger lowers guidance (NYSE:SLB)
24:40 Bottoming tails on Albemarle (NYSE:ALB) monthly chart, lithium sector working on a bottom
27:45 Gold giant Newmont (NYSE:NEM) set to report Q3 earnings Wednesday afternoon
28:45 Gold/Silver junior breakout charts (FDR.V, DV.V, VZLA)
30:25 Did Mr. Market remember that BIG.V used to be a silver stock?
31:10 Thanks for watching and have a powerful week!

Disclosure: Author owns shares of some stocks mentioned in this video including ALB, CYBN, and BIG.V. Author may choose to buy or sell at any time without notice.


DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.