Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and wonder if we should bet against Goldman Sachs.

Here are the high points:

🤓 Troilus Gets Results

🤓 GS With Ridiculous Forecast For Gold

🤓 UEC Gets Trashed By Shorters

🤓 Best Copper Hits

 🤩 Troilus Gets Results

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF)  (FSE: CM5R) has released assay results from its Troilus Project in Quebec, Canada. 

These results are part of an ongoing 6,500-meter drill campaign aimed at defining and expanding the new Zone X22 of mineralization, discovered in late 2022. 4,000 meters of assays are still pending. 

Highlights:

34m at 2.72 g/t AuEq, including 6m at 10.83 g/t AuEq, and 2m at 26.83 g/t AuEq

34.5m at 1.49 g/t AuEq, including 19.5m at 1.66 g/t AuEq and 4.5m at 2.55 g/t AuEq, 150m beyond the PEA pit shell

12m at 1.37 g/t AuEq, within a broader intersection of 42m at 0.72 g/t AuEq 

Troilus Gold Corp. plans to conduct an additional 1,300 meters of drilling based on the promising results obtained thus far to continue delineating this expanding zone.

  💸 Goldman Sachs Pushing Gold.. Or Is It?

Goldman Sachs raised its gold price predictions and maintained its optimistic outlook on commodities, as physical markets have reacted positively by the ongoing banking crisis. (Finaly)

The bank increased its 12-month gold price target to $2,050 per ounce from $1,950, (WHAT?! We might get there tomorrow) aligning with other financial institutions such as Citi, ANZ, and Commerzbank. (People get paid a lot of money for this kind of research - forecast for an 2.5% increase - you can’t make this stuff up).

 Goldman Sachs believes that the market will be well-supported by ETF inflows and a stronger "Wealth" effect from the East due to the US dollar's depreciation into year-end and strong GDP growth in emerging markets. 

The bank also expressed confidence in its commodity "supercycle thesis" and favored metals over oil in the short term. 

Despite the potential slowdown in Chinese physical buying, Goldman Sachs anticipates gold prices to slowly increase due to central bank buying and geopolitical concerns, with a break above $2,100 requiring the Fed to initiate actual rate cuts. 

Sigh. Is this a contrarian indicator? We sure as heck hope not.

🫣 UEC Gets Trashed By Shorts

Uranium Energy Corp (NYSE: UEC) was the target of a vicious short report by Kerrisdale Capital.

The report is actually very thorough and educational if you are new to the uranium space, but it makes claims that are rather laughable such as “these assets will not make money under current market conditions” …Duh, no 💩, Sherlock - that’s the whole uranium industry. 

Inaccuracies such as “Cameco is a pure-play uranium miner (hello Westinghouse merger). Throw in a bit of crystal balling about the price of uranium and you have yourself a very good reverse-pump sales letter. 

Points made about management compensation have been echoed by many in the industry and we totally agree - we also don’t know many other CEOs that have actually added as much “value” as Amir have and are able to hold the stock up, lowering the cost of capital - love him or hate him.

They do ask the important questions, we’ll give them that. Reading it and using this as a guide to do your own due diligence into whatever company you want to invest is very good advice.

We have no horse in this race, but to go after a company in part because they use aggressive sales tactics to push up the stock is not too far from….. Publishing a short report with the same intent, but the other way round. 

This is the second or third time this happens to UEC. The stock closed -14.73%

We have popcorn in hand, watching the fight but already knowing how it ends. 🍿

Best Copper Hits

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.