Gerardo Del Real,
Editor
April 29, 2026
I’m staying in a casino in South Dakota wrapping up a site visit, which is a bit ironic given the volatility in the high-risk/high-reward junior mining space where I make my living.
Not surprisingly, talks with Iran over the reopening of the Strait of Hormuz have once again stalled, sending global yields higher, gold back to the $4,500 level, silver below $72, and oil over the $105 level.
It’s also Fed Chair Jerome Powell day, which isn’t exactly providing any stability to an already jittery global setup. Rising rates in the U.S. with nearly $10 trillion in refinanceable debt this year is going to provide challenges, to say the least, for the incoming Fed Chair.
In the short-term, the noise (consequential noise) will persist but the overall drivers for gold, copper, lithium, uranium, etc. remain the same. Which is why I’m in South Dakota looking at a gold/lithium/critical metals project on private land.
It’s also why subscribers of Junior Resource Speculator just got a new alert yesterday for a gold/antimony project in a Tier-1 jurisdiction.
The recent pullback in the juniors is a gift that needs to be taken advantage of because the overall picture remains the same. Companies with real projects doing real work in safe jurisdictions will do very well in this cycle.
After all of the recent headlines about Turkey selling some of its gold reserves, the country has quietly begun buying that gold back. The Turkish central bank added 36.4 tonnes of gold in the past two weeks. It now sits at roughly 730 tonnes of the yellow metal.
Last week, I told you about M&A picking up with Agnico flexing its checkbook in Finland. It’s not a one-off. Global mining mergers and acquisitions hit nearly $22 billion in the first quarter of 2026, the highest in three years.
The war in Iran and the fallout from it is only reinforcing the need to establish domestic supply of metals deemed essential to national security and future stability.
Alliances are changing. Just this week, the UAE announced, as of May, it would no longer be a part of OPEC citing a need for more independence with regard to quotas.
Countries wanting sovereignty over their strategic resources is a trend that will continue at a time where new discoveries and new meaningful production coming online continue to face obstacles.
The world is a volatile place right now but that volatility continues to present compelling opportunities if you’re able to keep your eye on the bigger picture.
Let's get it,
Gerardo Del Real
Editor, Daily Profit Cycle