I can’t believe how much stuff I read in a day. I read pretty fast, plus tend to be quick on the computer, so that helps. But in addition to places like the Goldtent, with all of the fine charting and the collective smarts of this eclectic group, I also go far afield in fundamentals.

Yeah, it’s a bull, but I always look for reassurance and to see trends as the develop/unfold. I started noticing a few months ago – maybe back into 2019 – that juniors are not having much trouble getting financing. All kinds of financing. I read this afternoon of a deal that was signed and taken to market Monday night and Tuesday morning it was fully bought.

I’ve watched minimum participation rise from $5,000 to $25,000. One of the deals Sprott did recently – like last week or so – he took his usual 19%, the management team took 20%+, and institutionals took 20%+. The float that was left was about 30%.

Money is being plowed into explorers and juniors with good documented prospects with solid teams in ways I have not seen since…well, a very long time ago.

Coupled with the charts, something really big is afoot, a bull bigger than I anticipated for sure. And hardly anyone not a gold bug is aware of it – only the smart guys, and they appear to have very deep pockets. My limited use of a calculator points to hundreds of millions being plowed into these companies from what I am reading…