The following report is provided free each week by McAlinden Research Partners exclusively to members of Hedge Connection. Today’s issue cluster focuses on Electric Vehicles
... Read more »
As shareholders of TMAC Resources Inc. (“TMAC”) we are disappointed with the January 5, 2021 news of the proposed buyout of the company by Agnico Eagle Mines Limited (“Agnico ”) for Cdn $2.20 per share or just under Cdn $300 million. While the offer is Cdn $0.45 per share higher than Shandong’s May offer that was struck down last month by the Canadian government on national security concerns, we think history will view this transaction as a steal relative to current gold mining valuations
... Read more »
We are mildly cautious on the gold price for 2021 as we expect some of the factors that drove it to record highs in 2020 will begin to reverse. As the world moves somewhat back towards normal, we think the financial shock and volatility resulting from Covid-19 (Covid) will abate, causing downward pressure on the gold price from current $1,880 per ounce levels
... Read more »
The following report is provided free each week by McAlinden Research Partners exclusively to members of Hedge Connection. Today’s issue cluster focuses on Copper
... Read more »
Gold spiked to new all-time highs of US$2070 and Euro 1740 last week and is currently trading about US$1940 and Euro 1640 after a sharp correction in the past two days. That correction has modestly muted our more cautious view we had heading into this week. Forecasting gold is always dangerous because one can’t predict the future. We recall reading about a gold trader who lost his job after heavily shorting gold in December 1979 at around $500 after the price about doubled in the prior six months. Then the Soviets invaded Afghanistan and gold quickly went to over $800.
... Read more »
