Goldman Sachs or Playstocks on Gold, Canada Bubble Popping
Hemostemix HEM, GSP Resources
Goldman Sachs or Playstocks on Gold
There has been much talk among gold followers that Goldman Sachs this week raised it's gold price forecast for the end of 2025 to $3,100 per ounce, up from its previous estimate of $2,890.
Seriously, these banksters are always just chasing the data. What good is this forecast to investors now? They obviously had to change it because gold went to around $2,940 last week, above their previous target and its only February. So should Goldman Sachs followers buy gold and gold stocks now to catch a $150 move? Or will they just raise their target again.
I put my $3,000 target on gold when it was under $2,600. On August 26 2024, I commented “Gold keeps stepping up higher and a price of $3,000 before year end would not surprise me, September into early next year are typically strong period for gold prices.”.
Officially I was calling this my target last September, In my Sept. 20th mid day report “$3,000 the magnet” and again in my Sept. 25th newsletter on gold that $3,000 was the magnet and I have been commenting about that ever since. If you bought gold and gold stocks back then you made very very good gains.
Of course the real issue is that Goldman Sachs is huge with a huge following. I am just a little guy that hardly anyone knows of. However, take this as our advantage because we get well ahead of the crowd.
U.S. Economy Continues Slide, Canada Real Estate Blowing Up
U.S. business activity nearly stalled in February with a tumble in activity to a 17-month low reported by S&P Global on Friday. S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 50.4 this month. That was the lowest reading since September 2023 and was down from 52.7 in January.
The services sector accounted for the drop in the PMI, contracting for the first time since January 2023. Services sector has been the bright spot, but no more. Also inflation concerns dominated in the S&P Global's survey. Its measure of prices paid by businesses for inputs increased 58.5 this month from 57.4 in January.
U.S. consumer sentiment dropped more than expected in February to a 15-month low and inflation expectations rocketed. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 64.7 from January's revised final reading of 71.7. The reading, the lowest since November 2023.
U.S. existing home sales dropped more than expected in January after three straight monthly increases as high mortgage rates and house prices stifled demand. Home sales decreased 4.9% last month to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said today.
Rush of Air From Canada's Real Estate Bubble to go into Overdrive
Canada newly listed properties jumped 11 per cent month-over-month in January - uncommon for the typically slow winter season. This is reflecting “the largest seasonally adjusted monthly increase in new supply on record going back to the late 1980s,” the Canadian Real Estate Association report said, aside from swings during the COVID-19 pandemic.
They are putting the blame on tariff uncertainty but the real cause is called 'recession'. And yes fear of tariffs could help deepen the recession. I remember many friends losing their homes to the banks back in the 1980s and in fact I bought a house off TD Bank back then. Sadly it's going to happen again.
Condo prices in the Greater Toronto Area fell 5.9 per cent in January compared to the same time last year, according to figures released by the Canadian Real Estate Association. However these figures don't include the new and pre construction condo deals where many investors are just walking away, forfeiting up to 20% down payments. New condo sales have dropped to 28 year lows. This example in the Globe and Mail of a buyer walking because the valuation of his condo came in at -27% below what he agreed to pay for in the purchase agreement.
Sadly it will get much worse before the bottom comes in.
Peace in Ukraine?
There has been a lot of criticism about Trump and his administration talking to Russia. This is just political nonsense. To have a peace agreement you have to talk with both sides. The U.S. has been talking with Ukraine constantly since the war began and Zelensky has visited the U.S. and met U.S. officials many times. It is important to meet with Russia and feel out their position. It will take both sides to tangle if there is any chance of peace.
Apparently Zelensky still has well over 50% support in Ukraine polls but trust in him is sliding. Just 7% of respondents in March 2022 said they actively did not trust the 46-year-old leader. That figure has since grown to 37% by early February of 2025, a poll showed. It is important that we take any news out of Ukraine with many grains of salt because it is government propaganda and it's accuracy is doubtful. When the war broke out, Zelensky passed law to censor journalists and bring all media into government control with all news into one government media outlet.
Zelensky has to come down to reality as Ukraine has done very badly in this war. He expects to get all the lost Ukraine territory back and to join NATO. The NATO issue is the main reason Russia went to war and they will never agree with that. When you lose a lot of ground in a war, you simply don't get it back because you made peace. Russia will get quite a bit of Ukraine territory as the spoils of war. There might be some way Ukraine can get some territory back but they don't have much to bargain with and are in a weak position. It will probably take something from the U.S. and Europe to get Russia to bend. The longer this war lasts, Ukraine's position will only get weaker.
Hemostemix - - TSXV:HEM - - - - - Recent Price $0.20
Entry Price $0.22- - - - - - - - Opinion - buy
Yesterday Hemostemix announced it has made a strategic breakthrough that secures its leadership position in the global stem cell market. By securing an arm's-length perpetual, royalty-free global licence to CytoImmune's Bioreactor stem cell technologies, Hemostemix has established an economic and competitive advantage that enhances its ability to scale ACP-01, protect its autologous stem cell market and create a cost-effective allogenic stem cell expansion strategy.
Subject to the TSX Venture Exchange acceptance, Hemostemix will pay CytoImmune $5-million (20 million shares) for a perpetual, global, royalty-free licence.
Hemostemix's strategic advantages from CytoImmune's Bioreactor technologies licence:
Lowest cost of goods sold for allogenic products;
Strategic fence around autologous stem cell production;
Scalability and commercial-ability of ACP-01 behind the fence.
In this deal Hemostemix is touting the lowest cost of goods sold (COGS) in the industry.
Continuous and scalable production reduces manual labour and batch-to-batch variability, ensuring consistent, high-quality stem cell output. The bioreactor platform maximizes cell proliferation rates, producing exponentially more therapeutic doses per donor-derived stem cell input. The efficiency of automated bioreactor systems minimizes the need for extensive cleanroom environments and skilled labour, leading to significant cost reductions. And lastly the economies of scale. Mass production becomes feasible at a fraction of the cost of traditional autologous methods.
I thought mild support might hold around $0.22 but the stock came back and filled the gap from it's initial run. A break above $0.22 and it could move quickly again.
GSP Resource - - TSX-V:GSPR, OTC:GSRCF - - - Recent Price - $0.115
Entry Price - $0.15 - - - - - - - - - - - Opinion - buy
This week GSPR announced a summary of the recently announced and completed late-2024 Alwin Mine Project drill program. It successfully expanded the shallow high-grade copper-silver-gold mineralization and discovered a new high grade gold zone . The drilling program was highlighted by a Gold discovery, in a step out hole west of the open pit resource area, with AM-24-06 Assaying 5.04 g/t Gold and 1.01% Copper Over 7.90m; including 22.93 g/t Gold and 1.82% Copper Over 1.64m. There are a lot of maps and graphics and worth while viewing here.
The program consisted of 7 holes totaling 812 metres designed to target potential extensions of known high-grade copper and gold zones at the Alwin Property. Drill hole AM-24-01 intersected multiple zones of high-grade copper-silver-gold mineralization over a combined 36.2 metre (m) core interval. Significant assay results include a main zone averaging 2.41% Cu, 35 grams-per-tonne (g/t) silver (Ag), and 0.68 g/t gold (Au) over 17.4 m , including 4.11% Copper, 60 g/t Ag and 0.95 g/t Au over 8.4 m ; in addition to an upper zone grading 1.01% Cu and 10.7 g/t Ag over 5.5 m.
Marketing Services Agreement
The Company also announces that it entered into a marketing services agreement with Plutus Invest and Consulting GmbH ("Plutus"), pursuant to which Plutus will provide the Company with marketing and communications services for a six-month term. Plutus will market GSPR through Plutus's network in the European markets. The Company has agreed to pay Plutus a fee of €85,000.
Like most junior explorers, the stock is beat down and depressed, this could really help to get the stock moving. The stock has been stuck in a range mostly between 8 and 12 cents for a year and a half. A break above $0.14 will be key and to watch for.
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