Signal Flashes “Green” on NEXT 10,900% Lithium Stock Winner

On your mark, get set... Go!

That’s what it feels like in the resource space with September finally here and with renewed activity in the space. 

Increased activity that’s welcomed as the summer doldrums are left behind.

What am I looking forward to? Well, lots going on. Despite a dollar index stubbornly near the 104 level, gold continues to hold the US$1,900 level and technically looks primed to break out.

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Geopolitical uncertainty, a Fed hell bent on raising rates, and China with surprise rate cuts have led to the dollar catching a significant bid, yet gold and even silver have held up well.

If you haven’t used the summer sell-off in the gold space to tidy up positions — you may want to get that done.

Uranium is also catching a bid and looks ready to break the US$60/lb spot price. When the US$60 level is broken, US$70 will be right around the corner. Don’t get caught without uranium equity exposure. The next leg up is right around the corner, and the first moves tend to be violent in the uranium space.

Which brings me to lithium. A slowing Chinese economy combined with dubious reporting led to a pullback in the lithium space that looks to have bottomed, both in terms of the lithium hydroxide price and in the lithium equities.

The pullback, combined with rampant, widespread wildfires north of the border led to a suspension of all activity for many resource stocks, especially lithium explorers in the new Saudi Arabia of Lithium — James Bay, Quebec.

Signal Flashes “Green” on NEXT 10,900% Lithium Stock Winner

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The bans have now been lifted, crews are mobilizing, and drills are finally turning.

Of course, not everything will work in James Bay. But the region is ripe for additional discoveries. And with over C$150 million in the bank, lithium darling Patriot Battery Metals (TSX-V: PMET) (OTC: PMETF) has 4 rigs turning and will have 7 by mid-September.

That means a lot of news flow from the region that should remind speculators exactly why there’s still a lot of runway for Patriot’s share price. 

Patriot won’t be the only James Bay play that makes millionaires but you’re going to have to be selective. I think I’ve found the next quadruple-digit winner in the Bay. And the best part is… it’s not drilling yet but will be soon! 

I suspect that within the next few months, we’ll be on to another significant hard rock lithium discovery in James Bay, and I plan on making sure we profit from that one as well.

Gerardo Del Real

Gerardo Del Real
Editor, Daily Profit Cycle