Not long ago, we wrote to watch for a gold rally against uncertainty ranging from Washington to Europe. Gold was around $1,820 per ounce then and since rocketed back over $2,000 an ounce. Nothing fundamental has changed - the U.S. dollar index has dipped in October and economic uncertainty and geopolitical unrest are still in the forefront, leaving more upside for the precious yellow metal.

“Tight policy is putting downward pressure on economic activity and inflation,” Federal Reserve Chairman Jerome Powell recently commented at the Economic Club of New York. The central bank leader stopped short of saying anything definitive, but his suggestion that rising bond yields could temper inflation without any new rate hikes was enough to get economists buzzing.

Typically, a strong dollar puts downward pressure on gold because it is priced in US dollars, making it more expensive for foreign investors. The USD has cooled this month and gold also got an unexpected new catalyst: war breaking out in the Middle East between Israel and Hamas. Gold is viewed as a safe haven in these volatile geopolitical environments.

With gold bouncing in October, some dually-listed gold stocks have made moves off bottoms that could continue to enjoy bullion bullishness. These include Seabridge Gold (NYSE: SA)(TSX: SEA), Sandstorm Gold (NYSE: SAND)(TSX: SSL), Equinox Gold (NYSE: EQX)(TSX: EQX), and Gander Gold (CSE: GAND)(OTCQB: GANDF).

A differentiator for Gander Gold is not only its tiny market cap compared to others, but its unique focus. The company has a commanding land position in Newfoundland, a region in North America heralded for its potential to be home to a bona fide gold rush. Miners and explorers have been flocking to the area ever since New Found Gold's Keats discovery and Labrador Gold's Kingsway discovery in the province.

Today, those major discoveries are surrounded by claims owned by active gold explorers seeking to prove up gold resources along the region’s many potential gold bearing geological structures. Gander Gold, with over 2,250 square kilometers of claims, can trumpet the largest and one of the most prospective portfolios in the region.

Projects are just rock without the right team directing the exploration. Gander Gold has a strong management team and board of directors with a proven track record of success in the mining industry. The company's CEO, Mark Scott, has over 27 years of experience in all facets of surface and underground mining, metallurgical processing, and associated service and support functions, within multiple mining majors including Vale Canada where he served as Head of Manitoba Operations through 2018 and successfully managed an annual combined OPEX and CAPEX budget of US$500 million and a workforce of 1,875.

There is also the fact that Shawn Ryan, arguably Canada’s greatest prospector ever, is on board as a technical advisor, implementing the Ryan method in a bid for his next great discovery. Billionaire Eric Sprott, unquestionably Canada’s most famous gold investor has a deep interest in Gander Gold too. Cumulatively, he and Sassy Gold (CSE: SASY) own 50.2% of Gander Gold’s stock.

Gander Gold has already had some early-stage exploration success at its projects. For example, at the company's Gander North project, Gander Gold has identified multiple gold targets across a 25-kilometer-long trend. The Ryan method to gold discovery is a fiscally responsible one undergirded by unprecedented geological testing and mapping before sinking a drill bit in the ground. With that complete in some high-priority targets, Gander Gold this summer and fall completed rotary air drilling on several of its top projects with assay results expected soon.

Any number of factors on the horizon could be a company-maker for Gander Gold, starting with its early discoveries at Gander North that suggests the potential to be a multi-million-ounce deposit. This alone could make Gander Gold attractive to a major mining company to partner with it on the development of the deposit. That goes without mentioning its other projects that were drilled any one of which could be shepherded into production in the coming years. If that scenario were to play out, Gander Gold's share price could increase significantly, making it a very successful investment for shareholders.

Overall, Gander Gold is an interesting company for investors to watch due to its large land position in a highly prospective gold district, its strong management team and board of directors, its strategic partnerships, its early-stage exploration success, and the favorable market conditions for gold.

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