Basically, ramping EV demand for copper (used in autos and new power transmission lines) and renewed astronomical levels of money printing next year to fight a deep recession (spiking investor/institution gold interest) may be opening a smart buy entry for related miners. My working assumption is gold and copper prices will bottom in late 2022, while both could have a spectacular upside surprise in store for 2023. Declining from $2.40 in April, shares are now going for just $1.33, despite no real change in the underlying long-term worth of Casino and a future mine.

The good news is weakness in gold and copper commodity prices during 2022 has dropped the Western stock quote into an area with limited further downside risk, in my opinion. May 2022 Investor Presentation, Western Copper and Gold Another interesting asset is the Casino Project owned/controlled by Western Copper and Gold ( NYSE: WRN ).

Over the past year, I have mentioned the upside gold/copper potential of Seabridge Gold ( SA ) in Canada (through several projects including KSM ) and the mostly gold reserves/resources of NovaGold ( NG ) in Alaska ( Donlin ). With my growing bullishness on gold during the summer (you can review my logic outlined in precious metals articles since July), and the high odds of a global shortage in copper supplies appearing soon as the electric vehicle marketplace explodes demand over the next decade, today may be a great time to consider the opportunity of a stake in a junior miner developing a significant resource of both metals.

Gold west casino