Patience In A Galvanized Markets Week

“We interview CEOs, and we learn they’ve spent two decades becoming overnight successes.” — Rick Rule, strategist

**The works: gold, silver, tech stocks, blue chips — a surge** [5-day chart]

Seabridge Gold | Banyan Gold | F3 Uranium | Ivanhoe Mines

TCRs,

Some calm and common sense for us during this week’s hyperactive investment markets (the works: miners, government bonds, blue chips, Bitcoin, physical gold and silver — I could go on).

Several Rick Rule video interviews are just published at YouTube, including Banyan Gold and Seabridge Gold and F3 Uranium.

Those are the early birds that the mining investor posts for his annual summer conference in Florida. They each are a lesson in patient investing.

More of these CEO interviews will see light of day at Rule Investment Media — linked here for its YouTube channel. They’re short yet pithy, and perhaps actionable.

I own Banyan Gold BYN and have for many years. Not two decades, but definitely five or six years.

“Banyan has 7 million ounces (gold). That’s a large project, and we’re the fifth largest undeveloped project in North America. I know gold.“ — Tara Christie, geo-CEO, on Banyan’s Airstrip and Powerline deposits in Yukon

That’s from a 15 minute interview with Banyan Gold, and whilst it does not summarize two decades, it does make the case for patience.

Rudi Fronk at Seabridge Gold is a trusted, longtime source on gold and markets along with his co-founder, Jim Anthony.

Addressing the massive KSM gold-copper project in British Columbia, Rudi explains the capital commitments ($6.4 billion projected) and de-risking of (one hopes) a future mine that has been in the works and part-parcel of his life for 30 years. See here for his compact summary of those years.

TCRs, look for more fierce rallies like the one Wednesday-today — tremendous investor rushes into oversold natural resources companies. And horrific declines.

Yes, patience required. Comes with the territory — mining.

TCRs, look for fierce rallies of oversold natural resources companies. Yes, patience required.

Outpacers today-Wednesday include: gold, Banyan Gold, EMX Royalty, Integra Resources, Xtra-Gold Resources, Sprott Physical Gold & Silver Trust, Seabridge Gold, Avino Silver Mines and Alamos Gold.

Oh, and uranium mining stocks as a group are up 9% in a day. CanAlaska Uranium rose 11% for the day.

Copper miner Ivanhoe Mines, our largest natural resources holding, rose 11% for the day.

— Thom Calandra [I own most of the mining stocks in this report and have owned them, for the most part, for years and years.]

Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. The Calandra Report, in its 13th year, offers a one-price, $139 yearly fee for all newcomers. Earlier subscribers keep their original cost. Sob stories listened to. No refunds after three weeks of service. Exceptions:groceries, mistaken ambitions.