Epstein Research (free investment articles)

  It seems that each time I write an article about a gold (“ Au “) junior, I’m breathlessly describing Au price gains … And so it continues, Au is   39%!   since October 29th, 2023. As I write this sentence we sit within 1% of an ATH, we’re currently at   $2,769/oz. , but ~ 19%   below the Jan.-1980 inflation-adj. peak of   $3,416/oz. YTD, Au has averaged  $2,330/oz ., ~ 16%  below the current price. Imagine the margins of producers in 2025-26. What will companies do after debt has been largely paid down, shareholder-friendly buybacks & increased dividends? They can’t pay out all excess cash flow indefinitely, they have to reinvest in production pipelines. With Au so strong, M&A is a far better option than internal mine development, but both paths will be pursued. Dozens of brownfield projects in the U.S. & Canada have been the subject of rehabilitation efforts. In the four years from  1/1/20 to 1/1/24 , Au averaged  $1,829/o...

Despite huge moves in gold (“ Au “) & silver (“ Ag “),   +39%   &   +48%   in the past year — copper (“ Cu “) & nickel (“ Ni “) are indispensable, especially sources in N. America. I could write a book on the East, led by China vs. the West ( U.S./Western Europe) , but suffice it to say, relations are NOT good. China/Russia + BRIC countries are decisively moving away from the US$, a prime reason Au is soaring. Over time, a weakening US$ is good for hard assets. Will the economic rivalry between East/West turn to military action? Even if war seems unlikely today, can manufacturers of EVs & critical infrastructure bet on no wars in the next 20 years? Canada is especially well-positioned to thrive in the ongoing commodities boom as the hunt for  security of supply  intensifies. It’s a haven next to the U.S. market and accessible to Europe from its east coast & Asia from the west. It enjoys nearly ubiquitous green hydroelectric power and has...