A Weekend Update
My Trip To Silver Valley, A Podcast For This Weekend & Quick Hit Updates On Several Companies
I hope everyone is looking forward to the weekend and championship weekend football (Go Hawks), but I wanted to write a quick update on several companies and talk about some of the recent moves in the precious metals. I’m actually planning a trip up to the Couer d’Alene area starting on Sunday, so I might not have time to put together a post or two next week. The precious metals just keep running, and it seems to me like it has happened without a ton of froth or people getting too excited about the recent run. It’s an odd position to be in with gold knocking on the door of $5,000, silver pushing towards $100, and platinum up more than 10% this week.
At a high level, I know it’s tempting to take some chips off the table after some of the recent moves, but I keep going back to the companies and running the numbers and deciding that now is not the time, at least for me. If we do see silver in China and the US trading near parity, I think we will at least get a pause if not a pullback, but for now I think it’s just time to sit back and watch. If you don’t have any silver miners, some of them are still jump off the page cheap. I also wanted to include a podcast that is worth a listen below. There are too many good quotes to include every one, but he makes a compelling case that silver is still “The Big Long”, and we could see some bodies floating to the surface, especially with some of the European banks.
America’s Gold & Silver
Because I will be in the area next week for my research trip, I figured I would start America’s Gold & Silver USAS 0.00%↑. Investors looking silver miners and USAS in 2026 are going to start to figure out why two silver majors were born in Silver Valley over a century ago, and the company has plenty of cash to go to work in 2026 on restarting the recently acquired Crescent Mine by the middle of this year. Hecla HL 0.00%↑ was founded in 1891 and Couer CDE 0.00%↑ in 1928 (close enough), but USAS actually owns the Couer Mine now.
I was wondering why the market didn’t react much to yesterday’s news update on the production numbers for America’s Gold & Silver, but it looks like it was just on a one day fuse. Is it time to buy it in the very short term? Maybe not, but if you expect management to execute in 2026 by increasing production, lowering average costs, and bringing the Crescent Mine online by the middle of this year, in the middle of a bull market for silver, it seems like a good recipe to me. In twelve months the business will be gushing cash and I wouldn’t be surprised to see shares above $20 sometime in 2027.
