Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / EXPECT THIS! **GOLD & Silver Price** -- (JP Morgan, Dollar, Precious Metals Update, GoldMining Inc)
Transcript
- 0:03JP Morgan is calling for a gold price as high as $6000 by the
- 0:08year 2029 and we have record amounts of money flowing into
- 0:13the gold sector. Take a look at this chart.
- 0:16Gold is up almost 28% in 2025, while the dollar is down nearly
- 0:239%. The dollars trading at
- 0:26three-year lows. That's how tremendous this trend
- 0:29is. I don't remember it ever being
- 0:32so attractive. But the biggest story in my
- 0:35opinion is the breakout in mining stocks as represented by
- 0:39the GDXJ index, which is up nearly 45% in 2025 and the
- 0:47dollar is having a dismal 2025. The world's largest investment
- 0:52banks have some lofty projections for the gold price.
- 0:57We're going to get to that list next.
- 0:58But first, most importantly, thank you for joining me here in
- 1:02the basement. It's a big deal when you give me
- 1:05your time. We love to talk about the
- 1:07precious metals. We love to talk about the mining
- 1:10stocks. I hope you feel like you found a
- 1:12home away from home. Please subscribe to the channel,
- 1:15give the video a thumbs up and share it with anyone you like.
- 1:18But let's go through this list. It is a stop to hear what the
- 1:22big investment banks are predicting for the gold price as
- 1:25we head into the coming months, quarters and years.
- 1:29JP Morgan gold expected to rise towards $4000 an ounce by Q2 of
- 1:352026. Long term 2029 potential to
- 1:41reach $6000 per oz. Goldman Sachs gold by mid 2026
- 1:49expected to reach $4000 an ounce.
- 1:53That's one year from now. Bank of America Gold 2026
- 1:58forecast $4000 per oz. Are you seeing a trend?
- 2:03Silver 2026 forecast past $40.00 an ounce with potential to
- 2:08outperform gold in 2025. The gold sector is getting a
- 2:13growing level of attention and as we just saw, there's a lot of
- 2:17potential for much higher prices in physical gold.
- 2:21But is the smart money? Taking a look at the gold mining
- 2:24stock, the gold developers, I want to tell you about the
- 2:27sponsor of today's video, Gold Mining Inc.
- 2:31They trade on the NYSE American with ticker symbol GL DG, but
- 2:37they're trading at approximately the same price today that they
- 2:41were in 2018 when gold price was less than half of what it is
- 2:47today. GLDG is trading near A5 year low
- 2:52while gold is hitting new highs. Gold Mining owns one of the
- 2:57largest gold and copper gold resource stage mineral
- 3:01portfolios in the Americas. We're talking some dozen
- 3:04projects across five countries located in pro mining
- 3:09jurisdictions in Canada, USA, Brazil, Colombia and Peru with
- 3:14an estimated 12.4 million ounces of gold equivalent in the
- 3:19measured and indicated category and an additional 9.1 million
- 3:24ounces of gold equivalent in the inferred category.
- 3:28Gold Mining Inc doesn't just own resource stage mineral
- 3:31properties, it also has a portfolio of publicly traded
- 3:35equities and cash. Gold Mining has grown it's
- 3:39portfolio of publicly traded securities to over $150 million
- 3:45based on the market closing price of those securities on
- 3:48June 12th, 2025. This now surpasses the current
- 3:52market cap of the entire company.
- 3:55But that sank in for a second. Gold mining inks portfolio of
- 3:59equities without even talking about its cash and equivalents
- 4:03and it's dozens of gold projects is worth more than the entire
- 4:08market cap. The marketable securities
- 4:11comprise entities from spin outs and an option agreement
- 4:14including 13% Gold Royalty Corp, 79% US Gold Mining Inc, 22%
- 4:20Nevada Gold forming a solid financial foundation and also an
- 4:25additional 6.8 million of cash and equivalents as of the last
- 4:30reported quarter in financials on February 28th, 2025.
- 4:36Gold mining is focused on advancing key projects such
- 4:39which is a Sao Jorge project in Para state, Brazil.
- 4:43The company's just initiated the largest exploration program in
- 4:47the history of the company. At Sao Jorge, the future looks
- 4:52bright for Gold Mining Inc and as you can see in this graph,
- 4:55gold stocks have a tremendous gap to close compared with gold
- 4:59spot price which has soared. One of the biggest challenges
- 5:03facing the gold industry today is reserve replacement.
- 5:08Large mining companies need new discoveries or mergers and
- 5:11acquisitions activity to replace the oz they're producing.
- 5:16That's where companies like Gold Mining Ink may come into focus.
- 5:20Size, quality and location matter.
- 5:22The Gold Mining Ink portfolio includes increasingly scarce
- 5:26large scale gold and gold copper projects and mining friendly
- 5:31jurisdictions, just what the major operators will need to
- 5:35replenish reserves mined through production.
- 5:38Back in 2010 to 2012, the combined peak market caps of the
- 5:43companies that previously owned the assets in the gold mining
- 5:48portfolio was approximately 850 million Canadian dollars.
- 5:54And that's back when the Canadian dollar was much closer
- 5:57to par with the US dollar. Fast forward to 2025 and Gold
- 6:03Mining's entire market cap is around 150 million U.S. dollars,
- 6:09despite gold prices climbing from about $1900 in 2011 to over
- 6:16$3300 per oz today. Gold mining has a strong
- 6:21leadership team led by industry experts with decades of
- 6:25experience successfully growing and operating mining companies.
- 6:29Led by Co Chairman David Garofalo, ex Gold Corp CEO Amir
- 6:34Adnani. A serial success story in ex
- 6:38Newmont executives. This team has proven records of
- 6:41success. Insiders collectively own over
- 6:4510 million shares or about 5% of the company as of May 12th,
- 6:502025. They have real skin in the game.
- 6:55Key shareholders of Gold Mining Inc include Roofer BlackRock,
- 6:59Sprott, Morgan Stanley, the GDXJETFUBS and Goldman Sachs.
- 7:05Just the name of few institutions are all key
- 7:09shareholders. Management and insiders, as well
- 7:12as key shareholders all have positions in GLDG.
- 7:18If you're looking at companies with leverage to the gold price
- 7:21and a long term development strategy, GLDG may be worth a
- 7:27closer look. Check out gold Mining, ticker
- 7:30symbol GLDG and visit goldmining.com.
- 7:34Always do your own research and thank you, Gold Mining, for
- 7:37sponsoring this video. There's big potential that the
- 7:41US dollar can enter a protracted bear market.
- 7:45We'll be following those developments closely, but that
- 7:48would provide major support, a real tailwind for the precious
- 7:52metals prices. We'll stay on top of it all.
- 7:56Thank you for joining me here in the basement.
- 7:58I'll look forward to seeing you next time.