Market Talk
The market pulled back over the past two weeks, mostly on the idea that the Fed might skip the December rate cut many had expected. That was enough to shake things out a bit. Since then, a few Fed officials have hinted that the economy still supports a cut, which helped steady the tone. For Jones readers who kept some powder dry, the dip may have opened the door to nibble on select tech and defense names. If buying back in, small batches and inching in still look like the prudent approach.
Stock Talk
With gold and silver holding firm and both metals sitting well above the levels most banks predicted for this year, the miners that actually deliver real grades and real cash flow are starting to separate from the pack. Two names stood out this week:
Hecla Mining Company (HL)
Hecla turned in a strong update across all three of its key sites. Midas (Nevada) hit high-grade gold with visible gold in the core, running from roughly 30 g/t up to over 200 g/t in the best pockets, with surrounding intervals in the 4–10 g/t range. Keno Hill (Yukon) added more silver zones, including the usual 80–200 g/t silver that fills out the system. Greens Creek (Alaska) confirmed additional ore in active areas, consistent with the strong silver, gold, zinc, and lead grades that make it one of the better producers in North America.
The grades at all three sites are high overall and show potential for high-value expansions at mines that are already highly productive.
Kinross Gold Corporation (KGC)
We don’t even need higher gold prices here. Kinross produces at low costs, and with gold holding well above what even Goldman Sachs predicted ($2,700), KGC stands out. They’re posting steady earnings, buying back shares, cutting debt, and raising dividends. That combination makes it one of the better stocks in the sector — and for that matter, the entire market.
On top of that, KGC has exposure to fresh exploration upside through its involvement with junior companies now trading at penny-stock levels, including Relevant Gold (RGCCF) in Wyoming and Puma Exploration (PUMXF) at the Williams Brook Gold Project in New Brunswick, Canada. These early-stage districts add inexpensive optionality that could matter over time.
Bottom Line
Earnings and growth are the key fundamental drivers, and both HL and KGC are showing those traits right now. That’s the hallmark of a stock worth watching, and it’s why both continue to stand out on the Jones report.
Speculation Corner – Oncolytics Biotech (ONCY)
ONCY, as a $1 penny stock may fit best as a “some stock” — an interesting speculative name, but not a “too much” stock. The company now has initial FDA alignment for a pivotal Phase 3 pancreatic cancer trial, which can draw attention from big pharmas whose checkpoint inhibitors struggle in cold-tumor cancers like pancreatic, ovarian, prostate, MSS-colorectal, and GBM. If a partner steps up, it could put the other checkpoint companies on alert — and once that happens, that’s where a pop could come from.
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If interested - scroll back and view notes on other stocks, we watch here at the Jones report. Why not? With the caveat that things change and we try to stay aware - It's all FREE to read and make your own calls and decisions. Finally - maintain some dry powder and trade or invest according to your own due diligence.
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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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ALL in my humble opinion, scroll down and read more.This site does NOT make Buy / Sell recommendations.
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