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Canadian Co. Represents an Ideal Leverage Play on the Price of Gold
Contributed Opinion

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Michael Ballanger Michael Ballanger of GGM Advisory Inc. shares why he believes Getchell Gold is a stock worth watching.

Settling the week roughly $120 per ounce off the blow-off top established during the December 3-4 carpet bombing episode that magically occurred a mere ten days before the Fed "pivot." I am absolutely 100% certain that it was a mere coincidence that gold was prevented from "sniffing out" the pivot as it most certainly was that Sunday evening.

After all, the Fed would not be concerned about an exploding gold price if they were planning a major shift in policy that could only be seen as "inflationary," now, would they?

Of course, you will all forgive the sarcasm here, but one would have to be senile to view the events in the precious metals this month as "random movements in free market capitalism."

As a worshipper of ex-Fed Chairman Paul Volcker, Powell can recite, chapter and verse," the parts of Volcker's memoirs where it explains how "the only mistake I made during my tenure as Chairman was to fail to control the gold price."

Between the ammunition banks of bullion manipulators in full employ of the N.Y. Fed, and with the blessing and backing of the Treasury and SEC, gold went out for the week in which the Fed pivoted up 3.79% for the year versus the Dow Jones' 15.13% moonshot in 2023.

Mission accomplished, no?

Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB)

I have no trading positions in gold at this time, and only if I see RSI under 30 for the SPDR Gold Shares ETF (GLD:NYSE) will I even vaguely entertain a position. I have more than enough physical metal and a whopping position in Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB), down 75% YTD and trading at a level where their 2,059,000 ounces of gold in Nevada are being priced at $4.90/ounce per Getchell share.

If and when next month they make their final $1.6mm payment and secure 100% interest in the Fondaway Canyon property, I am pretty sure that markets will wake up and revalue the asset to somewhere north of $50/ounce.

However, it will probably demand new highs in gold above $2,150 in order to peak investor interest, although volume last week started to flow back in.

Conclusion: GTCH/GGLDF represents an ideal leverage play on the price of gold.

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Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [Getchell Gold Corp.].
  2. [Michael Ballanger]: I, or members of my immediate household or family, own securities of: [All]. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  4.  This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

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