Stock Talk
Gold and silver are both off some, but still at historic highs. Gold holding above $4,000, silver easing back near $47.8 after running past $50.
Even with prices still this strong, the miners are taking a beating. KGC and HL are trading off over 10% as of this note, and it doesn’t add up. The metals didn’t break — the market did.
It’s easy to say “ignore the noise,” but when screens go red, it’s not noise to the folks feeling like bag holders while market makers, hedge funds, and manipulators shake out the retail. It’s frustration and disbelief all over again.
If any of us little people step to the sidelines in some of both, who can blame us? Still, holding KGC and HL may yet defy the sentiment of the hour or the day. The coming earnings may yet prevail — with recent gold levels, there’s a fair chance Kinross could blow out estimates, maybe coming in up to or near $0.50 a share for the quarter.
Penny Stock Corner
While most traders were watching the dip, a small note hit the Fidelity feed: Kinross exercised its warrants and boosted its stake in Relevant Gold (RGCCF). No fanfare, no hype — just a modest $2.9 million top-up and a show of quiet confidence.
Relevant trades around $0.30, a true penny stock with light volume — averaging about 38,000 shares a day. That means only small limit trades, and only for those willing to wait and speculate on what Kinross may also be seeing out there.
“Relevant Gold – Wyoming Project Portfolio” map showing 40,000+ acres
Even on a day when a hit still hurts, maybe a little prospecting may restore some hope — in a 30-cent, 40-acre gold prospect with surface gold and a little patience.
Relevant Gold – Wyoming Project Portfolio” map showing 40,000 + acres
Kinross already knows this kind of ground. It built part of its success mining the same ancient, gold-bearing formations farther north. Wyoming’s belt offers that same geology inside the U.S. — stable laws, open ground, and less competition.
Relevant controls more than 40,000 acres across several projects, with mapped shear zones and visible gold at surface. For Kinross, a small investment secures a front-row seat on a big land story. The first drill results are due early next year. It’s a waiting game, thin volume and all, but sometimes that’s where the quiet setups start.
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Disclosure: Jones bought 5,000 shares of RGCCF with a limit order at $0.30 — taking the gamble alongside Kinross. The Jones Report has no affiliations or arrangements with any company mentioned here in StocksToWatch. This isn’t a pump site, just conversation about what’s out there — and what may or may not be.
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More later so ....Stay tuned, if you dare!
For now, we close by noting that any view on the market and stocks on any particular day may change in the days to come. That is why we watch and see how our views match up with reality. Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor.
All in all - we use the word maybe "some", not "too much" and play it accordingly. Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside our control. So, we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
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