Wed, 03 Jun 2020
Mickey Fulp: Buy the Unknown, Unloved, Unwanted, Undervalued
Source: Maurice Jackson of Streetwise Reports 06/03/2020
In light of pandemic conditions, government reactions and the impacts of both on financial markets, Mercenary Geologist Mickey Fulp describes his investment strategy to Maurice Jackson of Proven and Probable. Maurice Jackson: Joining us for conversation is Mickey Fulp, the world-renowned Mercenary Geologist.
I want to speak to you today about the mainstream financial news networks and the narratives that they're pushing on both sides of the aisle, respectively. And of course, depending on the news program, the blame is always cast on the political adversaries and never, to anyone's surprise, are they accepting blame for championing and implementing policies that have created the U.S. financial pandemic. . .it just seems to be skipping over most people's radar, as we're all focusing our efforts right now on COVID-19. When you look at the U.S. financial pandemic, just how bad is the U.S. economy, and did it...
Tue, 02 Jun 2020
Westwater Shares Charge Higher after Demonstrating Simulated Full-Scale Battery Graphite Processing
Source: Streetwise Reports 06/02/2020
Shares of Westwater Resources traded higher on greater than 100-times average daily volume after the company reported that positive independent test results on ULTRA-PMGÂ demonstrated successful simulated full-scale processing of battery graphite.Energy materials development company Westwater Resources Inc. (WWR:NASDAQ) today announced that "independent testing of its ULTRA-PMGÂ battery graphite material has shown outstanding resistivity values as a conductive additive."
Westwater Resources' President and CEO Christopher M. Jones commented, "This milestone achievement is a critical step in developing our battery graphite business. We have shown that one of the key products in our business plan Â purified micronized graphite (ULTRA-PMGÂ) Â can be produced using proprietary processes that we intend to utilize in our pilot program later this year. Successful performance testing demonstrates that we can manufacture...
Wed, 03 Jun 2020
COVID-19: A Catalyst for Small-Cap Outperformance
Source: Steve Palmer for Streetwise Reports 06/03/2020
Steve Palmer, president and chief investment officer of AlphaNorth Asset Management, outlines why he believes Canadian companies on the TSX Venture Index remain good investments in a time of pandemic uncertainty. We believe that the COVID-19 lockdown has been a catalyst for the TSX Venture index (TSX.V) to outperform. After a decade of underperforming the major equity indices the TSX.V has led returns from the March equity market lows, gaining 58.9% as compared to 36.3% and 36.6% for the TSX Composite and S&P 500 indexes, respectively. This is likely to continue for reasons outlined in this report.
We do not often write special commentaries. However, when a situation becomes particularly compelling, we are prompted to provide a timely opinion, as we did in our special commentary in February 2016 titled, "Reasons to be Optimistic on Canadian Venture StocksÂWhat Is Recent Investor Sentiment Implying for Equity...
Mon, 01 Jun 2020
Is Colombia the Latest Gold Exploration Hotspot? FenixOro Gold Thinks It Is
Source: Peter Epstein for Streetwise Reports 06/01/2020
Peter Epstein of Epstein Research profiles an explorer in Colombia with a project on the same prolific gold belt as BuriticÃ¡.The importance of good community relations and avoiding serious outcomes from bad environmental stewardship is paramount. Moreover, in the age of COVID-19 and a 7-year high in the gold price, investors are increasingly interested in countries with abundant mineral resources, that are not among the top producers, countries like Colombia. At the same time, due to COVID-19, local communities will be in need of good, longer-term, high-paying jobs.
Although Colombia remains riskier than the U.S., Canada or Australia, most of the country is considerably less risky than at least three of the world's top six gold producing countriesÂChina, Russia and Indonesia. Colombia has a globally significant endowment of potentially mineable metals, yet has been woefully under-explored.
Mon, 01 Jun 2020
Central Bank Hypnosis
Source: Michael Ballanger for Streetwise Reports 06/01/2020
Sector expert Michael Ballanger bemoans the panic-inducing influence of politicians and the influx of "counterfeit currency" from central banks on the money and commodities markets.One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering, and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the most recent pandemic; fear for the families whose primary breadwinner is now unemployed; confusion toward the proper course of action going forward; and finally outrage at the abject timidity of our citizens in responding to the orders laid down by these insipid politicians in response to the crisis.
As the welfare of future generations hangs in the balance, its tentativeness the direct result of government ineptitude, I keep asking myself a critical question: "When did the backbone of our people turn to mush?"...
Mon, 01 Jun 2020
X-Terra Resources: The Undiscovered Discovery
Source: Riley Ireland for Streetwise Reports 06/01/2020
Investor Riley Ireland provides his investment thesis for this explorer with gold properties in Canada. Investment Highlights:Strong management with direct ownership
Low market cap of $4,709,629
New gold discovery in New Brunswick on its Grog property
Exploration and drilling in a very active area on their Troilus Property begins imminently
Troilus East exploration and drilling fully funded through investments by Fonds de solidaritÃ© FTQ and SIDEX, sociÃ©tÃ© en commandite
Troilus East property directly adjacent to Troilus Gold Corp. ($TLG.TO) with a market cap of $103 million
Troilus Gold Corp. ($TLG.TO) has already confirmed 6.4 million ounces (all categories) on its Troilus property and geology suggests the formation could extend to X-Terra's property
"Undervalued" is a term thrown around a lot these days, especially when it comes to the resource mining sector. Unfortunately, most of these so-called...
Sat, 30 May 2020
Jayant Bhandari: East Asia Will Be a Post-Pandemic Success
Source: Maurice Jackson for Streetwise Reports 05/30/2020
In conversation with Maurice Jackson of Proven and Probable, Jayant Bhandari of Capitalism and Morality offers his take on what the post-COVID-19 world will look like.Maurice Jackson: Joining us for a conversation is Jayant Bhandari, the founder of Capitalism & Morality, and a highly sought-out advisor to institutional investors.
Jayant, there are a lot of mixed, contentious emotions regarding COVID-19. Irrespective of one's position, it's incumbent for us all to prepare for how the world will function going forward. Let's discover which parts of the world, and how readers may thrive in a post coronavirus world.
Sir, you recently wrote a musing entitled "What the Post Coronavirus World Looks Like." In this piece, you outlined a number of distinctions that may create a great divide between East Asia, the West and Third World countries. From a 30,000-foot perspective, who do you see coming out as the winners,...
Fri, 29 May 2020
Technical Analyst: Gold Explorer Stock at Point of Breakout After Prolonged Major Accumulation
Source: Clive Maund for Streetwise Reports 05/29/2020
Technical analyst Clive Maund charts Black Tusk Resources and explains why he sees it as an "immediate strong speculative buy."If you are one of those people who likes to show up at a lavish party right at the starting bell, after weeks or even months of arduous preparation (by others) then this stock is for you. This is one of the most powerfully bullish setups I have seen for a long time and the great news is that the price hasn't started moving yet, but all the technical indications are that it is about to.
On its latest 3-year chart we can see that after hitting a peak in 2018, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) has been in a persistent downtrend that continued through all of last year with the result that at its lows of last October and December it was priced at just 3 cents, or one-ninth of its price at its highs. Even now, after recovering somewhat in a Triangular base pattern,...
Thu, 28 May 2020
Adrian Day: Adversity Often Presents Investment Opportunities
Source: Adrian Day for Streetwise Reports 05/28/2020
Money manager Adrian Day reviews developments, both positive and not-so-positive, at several companies in his portfolio and he finds that some are cheap enough to buy.Loews Corp. (L:NYSE, 31.19) is having a rough time, with several of its holdings severely hit by not only Covid restrictions but by broader market conditions as well. Its struggling, majority-owned Diamond Offshore succumbed to weak oil markets by filing for bankruptcy.
Investment income at its CNA insurance unit declined sharply.
Virtually all its hotels have closed and laid off 90% of staff amid travel restrictions. All this contributed to a loss for the quarter of $632 million loss, over $400 million of attributable to a no-cash impairment on some of Diamond Offshore's rigs. And the current quarter won't be better. It will write down its carrying value on Diamond this quarter. The bankrupt shares are currently trading at 20 cents in the pink...
Wed, 27 May 2020
Blackrock Drilling for Bonanza Grade Silver in Nevada
Source: Bob Moriarty for Streetwise Reports 05/27/2020
Bob Moriarty of 321gold discusses the company's plans to explore its silver project in Nevada's second largest silver district. When all the stock markets in the world collapsed in mid-March they dragged down all of the metals as margin clerks made investors dump everything they could to meet margin calls. That took the metals and mining shares down in an instant to the horror of investors. I smiled. I predicted it on February 27 and I was ready.
Much to even my great surprise, silver literally fell off a cliff. That didn't surprise me but dropping to a ratio of 131-1 to gold did surprise me. So I was buying the crap out of silver below $12. I know a deal when I see one. You couldn't buy physical silver unless you were willing to pay an absurd premium. No dealer is going to be paying $17 for silver one day and sell it for $12 the next. But you could actually buy the silver ETFs and they were at a discount even...
Wed, 27 May 2020
Junior Miner Presents 'High-Risk, High-Return, High-Grade Gold Story'
Source: Peter Epstein for Streetwise Reports 05/27/2020
Peter Epstein of Epstein Research explains why he is "bullish" on Falcon Gold Corp., with five Canadian projects targeting mostly gold, but also silver, copper, cobalt, nickel and platinum group metals. Note: Unless stated otherwise, all $$ = US$. Gold = Au, silver = Ag, copper = Cu, cobalt = Co, nickel = Ni, palladium = Pd, platinum = Pt.
Gold producers are benefiting from a significant increase from ~$1,200/ounce nine months ago, to an eight-year high of $1,788/ounce in March, and ~$1,750/ounce in mid-May. Yet, gold bugs say we're still in the early stages of a gold bull market. Pundits and analysts are moving price targets ever higher due to the shocking economic fallout and massive debt issuance/money printing resulting from COVID-19.
What might past bull markets say about today's gold market?
In the four largest historical bull markets since 1970, the average inflation-adjusted gain has been +237% over...
Tue, 26 May 2020
The InflationDeflation Conundrum
Source: Michael Ballanger for Streetwise Reports 05/26/2020
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions.As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of its own makingÂa floating algae bloom of debt, deception and intervention.
Following this metaphor apropos, there is nary a dock with twenty miles of Port Perry that is navigable without encountering an impassable wall of goose droppings. Being Canada's favorite bird, these creatures are the height of ornithological fecal incontinence. Sadly, as a "protected species," citizens are prohibited from causing them not only any harm, but also inconvenience (as in shooing them off your property), resulting in spoiled lawns...
Sat, 23 May 2020
White Gold Has a World of Riches Few Understand
Source: Bob Moriarty for Streetwise Reports 05/23/2020
Bob Moriarty of 321gold discusses a company with 33 projects in the Yukon.Recently billionaire Eric Sprott added a multi-million dollar vote of confidence to that of Agnico Eagle and Kinross in the Yukon based amalgamation of all the projects of Shawn Ryan named White Gold Corp. (WGO:TSX.V; WHGOF:OTCMKTS). That now makes an even three entities that actually understand the magnitude of what White Gold has in their stable. That would be Eric, Kinross and Agnico Eagle. Few others get it.
The mining industry used to be populated by legends. A few exist today. One of the most interesting would have to be Shawn Ryan highlighted in various articles and magazines.
I was on a trip to the Yukon fifteen or so years ago when I met him. He was living with his partner in a trailer in Dawson. He was intent on staking half the Yukon and eventually pretty much succeeded. Later he did joint ventures with a number of juniors...
Thu, 21 May 2020
Why Silver Stocks Should Be on Investors' Radar
Source: Clive Maund for Streetwise Reports 05/21/2020
Technical analyst Clive Maund explains why he believes investors should be looking at silver right now.We are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other central banks virtually guarantee that most currencies, including and especially the dollar, will end up totally worthless, just like in the Weimar Republic in Germany in 1923. Needless to say, in such an environment, anything that has real value like gold and silver, will soar in price, and even make intrinsic gains as everyone eventually tries to get aboard the lifeboat.
Massive deflationary forces are already ravaging the economy, with the virus scare acting as a catalyst, and already millions have already lost their jobs and millions more will as the economy comes to a screeching halt. In the face of this the Fed and other central banks have mobilized to try to head off complete collapse and...
Tue, 19 May 2020
Adrian Day: Three Undervalued Resource Companies
Source: Adrian Day for Streetwise Reports 05/19/2020
Money manager Adrian Day reviews developments at three gold and silver companies in his portfolio.Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX, US$0.807) continues to advance the Mt. Todd project in Northern Territories, Australia, as it monetizes non-core assets to maintain a healthy balance sheet without dilution. As it awaits its final permit, the improvements at Mt. Todd are now incremental, with the most significant boost coming from the gold price itself; the project, one of the largest undeveloped gold projects in the world, is highly sensitive to the gold price.
To illustrate that sensitivity, the project's NPV at a $1,700 gold price (and a 5% discount rate) has virtually doubled to $1.6 billion from last year's pre-feasibility which used $1,350, and the internal rate of return jumped from 23.4% to 30%. An independent benchmarking study completed in March confirmed Vista's numbers and assumptions in its pre-feasibility....