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Lux Metals Reports Remarkable 343 gram/meter Gold HoleBob Moriarty Gold and silver are holding just barely above their lowest prices for the last ten months. As of Friday, the DSI for gold was 27 and for silver, 14. The lowest gold has gotten lately was 13 and for silver 10. As a contrarian, those numbers do not scream BOTTOM to me. Tom McClellan believes the 13.5-month low for the metals is coming in December. Given the DSI numbers, I tend to agree. Another favorite sentiment measure is the premium/discount number for the Sprott Silver ETF, the PSLV. It shows a discount of 4.81%. When silver had its last major crash in March of 2020, the discount went to about 10%. Now that would scream BOTTOM to me. Silver is by far the most volatile of the two metals so I’d really like to see that sort of discount again. That would probably mark the very day of a major bottom. I began talking about the start of the crash a month ago when I read about how 59% of ordinary stocks had declined over 20% and 41% had declined over 30%. That’s not a correction. GOOG proved it on October 29th when it shed $500 billion in market cap in a day. Intel followed the next day dropping 20% intraday. Just wait until Nvidia takes a shit after releasing earnings a week from now. The period from now until probably January of 2027 might well be the best opportunity to make your fortune in my lifetime. Yes, I have called for a market crash starting in October. Yes, we have it. Yes, the margin clerks are on the phone demanding money with menace. Yes, the resource stocks have tumbled, many to yearly lows. That’s the time to buy. The American Empire just died a death and the dollar is on its way to massive declines as a Democrat Congress fires up the printing presses big time in order to dilute a $40 trillion in debt that anyone with an IQ above room temperature understands can never be paid off for real. The world is at a major tipping point, perhaps the most important in five hundred years. Bibi Netanyahu is on the verge of being booted out of office. Once out it is likely he will shed his silk suit for a prisoner’s uniform with stripes. His sole remaining asset is a copy of Epstein’s files including 38,000 mentions of Epstein’s best friend, Donald J. Trump. Epstein was a pedophile and a collector of blackmail on the rich and powerful. DJT would have been his prime catch. In late October the House Judiciary Committee released a staff report about Jeffrey Epstein and his relationship to Trump. In it there were five testimonies about how convicted rapist Donald J. Trump had raped them. Two were from women who were thirteen at the time of the rapes. One was from a 24-year-old Miss Switzerland who told investigators how Trump raped her. There are a lot of people in prison on less evidence than what has already been released about Trump. The biggest issue between Bibi and Donald seems to be the question, should they blow up the world’s economy by conducting another meaningless bombing attack on Iran? Or should they just simply blow up the world by dropping a nuke on Iran to destroy a mythical nuclear weapons program that eighteen US intelligence agencies say doesn’t exist? The night of November 9th is a new moon, perfect for a bombing campaign. Lux Metals (LXM-V) got into contact with me a week or so ago with a compelling story well worth telling. On October 14th the company released the first assay results from their diamond drilling campaign at the La Grande Gold Project in the mining friendly James Bay region of Quebec. The assays showed an incredible 17.57 g/t gold over 19.5 meters from 220 meters down hole. The assays included 39.08 g/t gold over 8.0 meters. The company followed up two weeks later with the copper assay from the same hole giving 1.45% copper within the same 39.08-gram gold over 8.0 meters interval. That would be a home run all by itself. Those assays remind me a lot of Great Bear that went from $.50 to a buyout at $28. Lux Metals is essentially a new company born from a shell within the last year. The La Grande Gold Project was added a year ago with 100% ownership paid for by issuing about 20% of the shares. The purchase came with a 4% NSR on production. That is a bit high however the project already shows remarkable potential with new and aggressive management. And to their credit, the project hadn’t been drilled in ten years but there was a lot of historic data. Whoever spotted the first drill hole did a brilliant job of hitting a winner. What investors need to understand is that you do not get 343 gram/meter holes in a vacuum. If there is one there, there could be a lot more. Interested investors should view the company presentation, it is excellent. The company was trading at $.215 on the news. In a way it provided a liquidity event for bored old shareholders of the shell. The shares have dropped by 40% to $.125 in the interim providing a wonderful opportunity for new investors to place a low-cost bet on a solid project. The total market cap of the company today is only about $9 million Canadian. Due to a private placement done in February of 2025 there are about 12.3 million warrants at $.05 outstanding that expire on February 14, 2027. With only three months before expiration the warrant holders will pretty much put a cap on the price of the stock until all the warrants have either been exercised or expire. Even at $.125 it would be worth selling shares just to exercise the warrants. I talked at length to management. I like the story. I did buy some shares in the open market. I will be participating in the upcoming private placement with terms yet to be announced. Do your own due diligence. Lux Metals Corp ### Bob Moriarty 321gold Ltd |
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