1911 Gold Corporation (TSXV: AUMB; OTCQX: AUMBF)
1911 Gold is Manitoba’s Gold Standard - Ready, Permitted and High-Grade 1911 Gold is an Emerging Gold Producer, with Significant Cash Flow Generation and District-Scale Growth Potential
A classic and widely recognized axiom in financial markets is playing out in gold prices: when an asset can’t fall further, it rises. Recent months have perfectly illustrated this phenomenon. Gold accelerated its rally early this year, hitting a record high of $3,500.16 per ounce in April, before entering a phase of consolidation. While upward momentum appeared to stall, the metal has demonstrated remarkable resilience under pressure.
The idea that “what can’t fall will rise” refers to a scenario where selling pressure exhausts itself at a certain level, while buying interest remains strong. When a key support level is repeatedly tested and holds, market consensus solidifies around that level as a “strong floor.” Unless fundamentals deteriorate drastically, even a simple absence of bad news can serve as a catalyst for renewed gains.
In June 2025, West Red Lake Gold （TSXV: WRLG）‘s President and CEO, Gwen Preston, shared the company’s latest developments and next steps during an interview on METALS 100. Due to strong results, West Red Lake Gold Mines Ltd. is advancing its Madsen Gold Mine and expanding drilling at the Rowan target to 25,000m. On May 21, West Red Lake Gold approved an early restart of the Madsen Mine, ahead of schedule, setting the stage for a strong second half 2025. Also, West Red Lake highlights two new exploration targets at its Rowan Property, reinforcing its growth potential beyond a single-asset company.
During Thursday trading, gold climbed to a three-week high, driven by technical buying and a weaker U.S. dollar. December gold futures rose $12.60 to $3,461.30 per ounce. Technically, bulls maintain a firm near-term advantage, with resistance seen at $3,500.00, while strong technical support rests at the July low of $3,319.20.
Institutional analysts remain broadly bullish, particularly over the longer term.
Ian Samson, Multi-Asset Portfolio Manager at Fidelity International, noted that although gold has already delivered outsized gains in recent years, bull markets in the metal tend to last multiple years once underway. With the U.S. likely facing stagflation in the near term, he sees no reason for investors to reduce exposure. Gold continues to provide diversification even when bonds do not, while maintaining its ultimate safe-haven status, Samson emphasized.
Analysts at Bank of America expect the rally to continue, maintaining a $4,000/oz target for the first half of 2026, citing falling interest rates and a weaker dollar as key tailwinds. Markets are pricing in a Fed rate cut as soon as September. The CME FedWatch Tool shows traders are nearly fully expecting a 25-basis-point cut, with further easing anticipated in October and December.
