THE EUPHORIA OF GOLD IS BACK

With all the euphoria around the price of gold it's hard to know where to plant some seed money in the markets. Even the dormant mining stocks have taken on a new life as companies release updates on property's long forgotten about by the market. CEO's who were thinking of retiring last year are breathing new life into their company and themselves watching gold juniors pop. Five cent darlings are turning into dollar plus monsters in days and sometimes hours. If it's a dream I don't want to wake up. If its a bubble well it's likely the very beginning of a very large bubble that may last 3-4 years and peak at $2500 gold.

I have been a sector player for a very long time but have been able to see the change in wind direction just early enough to exit one and enter another thus maximizing my profits as a trader and long term investor. This time around I may have entered gold a little early so it wasn't a lot of fun sitting around waiting, but I didn't waste my time watching, I squirreled away cheap shares in my favorites knowing they would be in demand when the real wave of gold buying struck. The only thing better than being in a hot gold stock is being in one with a tight float and a growing list of large investors deciding to go long on your symbol.  Then you have options as things move forward.


American Pacific Mining Corp USGD appears to be catching a lot of bids these days as the share price has been on a nice climb after closing the Madison Gold Project. There is still a small market cap in my opinion, which makes it quite attractive for a small or large investor. There are several catalysts that I expect will catch the markets attention in the coming weeks including new drilling, old drilling, and lets not forget they have some other valuable assets that they have been looking to partner on.

The Madison gold project came with a financing partner already in place Rio Tinto PLC. Rio has an option to get up to 70 per cent of Madison by spending $30-million. In 2019 Rio spent $2-million on the project and the results could be released any day now. With so many gold juniors to choose from this year, take some time to look over the world class management team and the assets at American Pacific Mining Corp USGD it just closed today at 49 cents.

I look forward to watching the story grow with the share price through a summer of activity and a roaring price of gold.

*Disclosure: I am invested in American Pacific Mining Corp USGD