I only offer these three subscriptions. Anything else is a scam.
https://t.co/4BWSNAWAmh (my website)
https://t.co/ndM58qufnU (@dondurrett)
https://t.co/ke3fCkJ35T (@dondurrett)
My favorite testimonial:
Note: To find my book, go to Amazon and search for Don Durrett Gold & Silver.
Friday Recap
Current (Last Week) -- (% from ATH | ATH)
AU: $4,539 ($4,713) -- 19% from ATH ($5,608)
AG: $75 ($80) -- 38% from ATH ($121)
HUI: 752 (802) -- 24% from ATH (986)
DXY: 99 (97)
S&P 500: 7,408 (7,398) — 1.5% from ATH (7517)
10-Year: 4.6% (4.3%)
The S&P 500 finally had a down day, closing down 1% today to 7408. This was mainly caused by higher interest rates, with the 10-Year rate at 4.6%. It rose from 4.3% last week. Also, there is a chance that the war will resume in Iran next week, which added uncertainty heading into the weekend.
Gold got smacked this week, down $175. Silver got smacked even harder, down $5 for the week, and $14 from the weekly high ($87). Many thought silver had broken out, but the war was a signal to be cautious about expecting a breakout.
What’s next for gold and silver? Well, the war will determine that outcome. It's unlikely that some type of deal will be agreed to with Iran. So, I only see two outcomes: 1) The war escalates. 2) Trump walks away and allows the Strait to open on its own. I think we will get both. Trump will escalate the war for a few weeks before walking. He will inflict missile damage (without ground troops) and then walk away. The war will likely be over within a month.
The 200 DMA for gold is around $4300, and $64 for silver. If the war doesn’t end within 2-4 weeks, we can expect to reach these levels. My target for the next cycle low for gold is $4200 to $4400, and $58 to $68 for silver. We might reach these levels in the near term if the war is extended, or later in the summer/fall with a stock market crash. I expect these levels to be reached, but I will be happy if they aren’t.
If the war ends within 4 weeks, expect everything to take off, with substantial strength in the S&P 500, gold, silver, and the miners all the way to August or September.
The gold/silver bull decided to buck again today. No posers allowed.
My current floor is $58 for silver and $4200 for gold. My expected 2026 next cycle low range is $58 to $68 for silver and $4200 to $4400 for gold.
We could reach those cycle lows at any time between next week and the end of the year. Hopefully, I'll be able to raise the floors soon. Floors are always fluid.😉
.@DonDurrett & @FeneckConsult sit down and speak with @AzEagleMining ( $AZEM ) President, CEO, & Director Kevin Reid to discuss the company's consolidated high-grade gold and silver district in Yavapai County, Arizona.
Watch: https://t.co/9DkFMeg3Gh
Interview with Arizona Eagle Mining. New gold/silver story in Arizona.
https://t.co/1TXPeDFzUB
first 6min is macro, copper, etc
6:30 many big gold stocks have a lot of copper typically
2 smaller names that have a lot of copper exposure that Don & John both own:
6:42 US Gold USAU
7:19 Denarius Metals DNRSF / DMET
7:37 John introduces Kevin Reid of AZEM
Highlights:
--main project is McCabe, a past producing gold mine in Arizona
--3 weeks ago they announced that they also acquired 3 past producing silver mines, which are all on private land
--54% of the stock "is escroed for 3 years". That is positive in that it makes early investors longer term shareholders
--49mil shares out at time of interview
--this financing will help to bolster their US drill program: Arizona Eagle Mining Corp. Announces Non-Brokered Private Placement Financing for Gross Proceeds of up to C$3,000,000
Talisker Resources. Updated MRE. 3.3M oz at 8 gpt AU.
They have a strong project that everyone is ignoring. Their market cap would be at least $500M if it were 2009.
-1% today. Investors have lost their minds. 🙄
https://t.co/NLhE2Xl04v
Gold down $40. What did Lil Sis do? Down $4. Big Brother sets the tone.
So much for that breakout in silver. Silver does not run on its own. Never has and never will.
Gold is waiting. For what? The fear trade. It's coming. The decoupling is getting closer.
Gold does not believe in the breakout on the S&P. Today's PA told you all you needed to know.
Gold is in a bull market, not the S&P 500. Ask Michael Oliver. 😉
Lahontan Gold (LGCXF/ LG)
LGCXF/ LG has been a top 40 gold pick of Don's for the past 12-16 months. If you watch this interview, you can see Don is excited about the upside potential:
https://t.co/wcX3Vre1KK
0:57 Gold
1:50 IMetal (IMRFF, IMR) is directly adjacent to McFarlane, which is around the 5mil oz gold level
2:45 NexGold (NXGCF, NEXG) 7mil oz of gold in Canada
3:11 Paramount Gold (PZG) Sleeper (#2 project) in Nevada already has 3mil oz of gold...and their #1 gold project in Oregon is being "fast tracked"
3:34 Rua Gold (NZAUF, RUA) PEA is out - more gold/antimony news planned June-Sep
4:00 1911 Gold (AUMBF, AUMB) on track to be producing gold in 2027 in Canada
4:24 Don on (NZAUF, RUA)
5:16 Don on (AUMBF, AUMB) "this is one of my favorite junior companies"
6:16 Don on (NXGCF, NEXG) "they are getting no value for the Goliath complex...and Goldboro is undervalued"
6:50 Don on (PZG) "this is a good gold stock to buy and wait for the outcome"
7:44 Don on (IMRFF, IMR) "they should come on the show and show us how they are congruent to McFarlane's success" IMRFF/ IMR mgmt told us they are a 25-30min walk from where McFarlane is finding a lot of gold
8:39 John on PZG's potential
9:43 Don on PZG's potential "we are getting the 3mil oz gold Sleeper deposit for free currently"
10:44 John discusses that PZG's best news in history hit 1/30/26 at 1.74....at recording, stock was at 1.47
12:00 John introduces Kimberly Ann CEO of Lahontan Gold (LGCXF, LG)
LGCXF is in Nevada USA closing in on 2mil oz...but they are hi grade, low cost ounces. Cashed up.
Catalysts:
--Releasing MRE June 2026
--Releasing PEA Sep 2026 (no PFS needed)
--Gold production planned for 2027 (Mgmt stated construction is not your typical 18 months...but rather just 4-6 months)
Other notes:
--$1000-1100 AISC for gold is extremely low vs gold junior peers.
--Current payback on last PEA was 18 months. CEO stated "a short 9-14 month payback period is our goal"
--Company has no royalties or streams on the project holding back the potential upside.