hi all, The perfect storm is coming as we now end 2022 with the precious metals making a big comeback this week. We saw GOLD roar past our $1800 target as you all know Chris from IGOLD talked about how this number was big. Also, for those of you who followed my posts for many years i always mentioned the RBC Global Precious metal fund! Talk about an investment now over $50 bucks a share and is a great follower to where the miners are headed. As for the main stock to always keep on your radar on all metals is Wheaton Precious Metals the meca of all!! When this stock moves we all move and we are headed into 2023 with life changing events. Now, lets focus on Copper. Lets look at the charts and why this metal is headed back above $4 and maybe hit $5 again soon. I did mention a one time post from a very big poster on tradingview of a $12 a lbs target for Copper. With inflation continuing and the US is trying to calm the waters we are not slowing down. The biggest issue is what is going on in the Eastern part ofthe world. As we see government unrest and a lot of speculation around the other countries from war, oil, gas, winter, China, Taiwan, Russia, Ukraine and now Rocket Man...who knows how unstable 2023 will be. Heck, if Trump comes back what is next!! The fact is Copper is the biggest doctor of them all and this metal is going to shock the system. see the chart below as we did do a dip after the $5 hit and now its time to move higher into 2023. I did post last year about a $6 a lbs target and it looks real to me. see the chart below and look at how the bollinger bands are moving.....Blue and Red lines.
GOLD, my god this is the time we can see this asset be just as vaulable as owning a house! or Owning land, or owning a real part of an investment you can pass on to your family!! Best part it will last forever and ever and ever. So grandchildren, any goodwill or charity will have it also as an investment forever. GOLD right now is just starting and all i can say is $2500 an ounce was always a target of mine since 2019. This time as we now move into 2023 we can say something is coming and a correction has started. Not sure how we can all look at this chart but the GOLD price is not moving that fast but the excitment at $1800 is bigger than the time we hit $2000 for the first time in history. Why? How come we are so much more excited about the $1800 an ounce? Looking at the minors moving fast and seeing how the RBC Global Precious Metal fund now at $50 a share is exciting?? All i can say is if we hit $1900 before Jan.1.2023 watch out as we can see a bull run in gold and i mean $100 move in a day!! Forget the $35 moves we have seen or even back in 2018 when Trump was about to be named President we saw Gold move overseas almost $75 a ounce. So the GOLD price to me is just starting. Take a look at the chart and we are ready for something special and scary! As we do not know what is comng to us from the other side of the world!! The chart below you will see our $2000 target and the dip as the bollinger bands red and blue are moving higher and no sign of making and crossings lower.
Silver. the king of kings ready to move higher and we could see $26 an ounce very soon as this metals has been demolished for the last 15 years!! No more games and no more manipulation. The chart below says it all and i do not need to say anything except load up on the juniors!! This chart shows you the history and look at the U-Shape formation and now we can spike so high we will all wonder how we got to maybe $50 or $100 an ounce in the very near future.
Save the best for last! Well Northwest Copper has all 3 metals, and with the location and owning all 5 projects we are in the eyes of many minors who need these metals to grow. I kid you not there is many watching and the drill results are coming! It is a scary position for a company like ours trying to build a big asset knowing we can be bought out. As for the share price this is the scary part as we can get hit with any kind of announcement for a takeover. Why do you think we are taking so long? We are a pressure cooker and the share price can explode with high grade and results in these metals. The higher we continue to move in the precious metals sector the bigger and higher our share price will go. Northwest Copper also has not even announced the credit we will get from the BC Government....OH yeah did you all forget the millions we are going to get from 2021 and 2022? See the link
https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/mining-exploration#:~:text=The%20credit%20is%20calculated%20as,subsidies%2C%20rebates%20and%20forgivable%20loans. So as for our CASH we are fine....and with our share price pending a move that nobody knows where we will go is exciting. Below is the share price over the entire history and we are just waiting for all the drill results to come in and everyday it becomes more interesting. We are acting like a junior exploration company that has one project and nothing else.
Now looking at the chart below this is a very unique history. I want to explain the chart below as you see the big spike to $9 as this was the day we hit $4 a share on the discovery on Kwanika. The past is the best way to predict the future. As you are all wondering why this chart on Northwest Copper is showing these high targets is due to Serengeti taking over Sun Metals and we did a reverse split 1 for 2. So everything is double in the share price....Now looking forward and what is about to come in the precious metals market into 2023. The metals we own and hold in all our projects and the results coming makes this stock the number one recovery phase into 2023 for a share price. So having said that we will see how much Mark O'Dea talked about in his November presentation back in 2021 that explains these world markets and our situation in BC. I have inculded the video for those of you who need to remember what the world is looking for in resources and where we are positioned. Cheers and enjoy your weekend.
Here is the video with over 220k views!!
Novermber presentation below....listen to his comments and he mentioned the size of what we have in the ground!!