Mon, 03 Aug 2020
Storm Clouds Are Gathering for a Major Market Downturn
Source: Clive Maund for Streetwise Reports 08/03/2020
Technical analyst Clive Maund charts warning signs of a Fed-driven stock market downturn.There is a now widespread, universally held belief, especially among "dumb money" market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at them, pumping them higher and higher.
This erroneous belief appears to be based on an assumption that the Fed cares about the economy or the welfare of the citizenry, when the reality is that the reason it exists is as a "wealth transfer engine" whose prime function is to serve as a mechanism for transferring the fruits of the labor of the population at large to the elite cadre at the top of the pyramidÂand they even have a pyramid on their Federal Reserve notes.
They achieve this through "systemic inflation," with a fiat money system in place now for many years that enables them to print unlimited quantities...
Mon, 03 Aug 2020
Treasury Metals: Acquisition of Goldlund and C$11.5M Upsized Financing Couldn't Be Timed Better with Gold Reaching All Time Highs
Source: The Critical Investor for Streetwise Reports 08/03/2020
The Critical Investor takes an in-depth look at Treasury Metals and its new acquisition in Ontario.Treasury Metals Inc. (TML:TSX: TSRMF:OTCBB) recently surprised the markets with the raising of C$11.5 million in an oversubscribed financing, after announcing the pretty interesting all-equity acquisition, worth C$44 million in shares at the time of the news release, of the neighboring Goldlund open pit project from First Mining Gold, adding 1.6 Moz Au of resources to the 1.46 Moz AuEq of Treasury's flagship Goliath Gold open pit/underground project. By creating a 3 Moz gold developer in Ontario, one of the hottest gold mining districts in North America, Treasury attempts to come onto the radar of larger industry players. The beefed up treasury will allow the company to advance both assets at increased speed, hereby ideally utilizing the rising spot gold price, which reached all time highs on July 31 at...
Sun, 02 Aug 2020
Precious Metals Landmine
Source: Michael Ballanger for Streetwise Reports 08/02/2020
Sector expert Michael Ballanger offers his latest analysis of how current economic circumstances are driving the gold and silver bulls.Before I begin this weekly missive (which is being penned on a Wednesday due to my impending cruise to the northern habitats of Georgian Bay), I need to present one quote that for me summarizes everything there is to know about risk management in the capital markets universe:
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." ÂMark Twain
As we speak, the world is unanimously bullish on silver, with gold a hair's breadth behind, and judging from volume inflows into the SLV and GLD exchange-traded funds (ETFs), the big money boys (who are hard pressed to spell"inflation," let alone prepare for it) are in the process of allocating. Seeing their competitor asset managers buying into names so foreign and so hideous, like...
Fri, 31 Jul 2020
Rockridge Prepares to Drill High Grade Gold in Ontario
Source: Bob Moriarty for Streetwise Reports 07/31/2020
Bob Moriarty of 321gold profiles this explorer with a gold project in Ontario and a copper rich VMS deposit in Saskatchewan.I suspect we have either started the correction I have been predicting or are about to. Silver spiked as it does every time it makes a temporary top as both metals show signs of schizophrenia not knowing just which direction to go in next.
We have way too many bulls and the cries of "short squeeze" have gotten shrill as they do with every top, temporary or not. Markets go up and markets go down. That's the way they are supposed to work. A correction on a regular basis is not an option; it is mandatory no matter how violent the bull.
Rockridge Resources Ltd. (ROCK:TSX.V) has a pair of interesting projects, a gold project in Ontario in the Greenstone belt surrounded by a host of other gold mines nearby and a copper rich, VMS deposit in Saskatchewan.
For now Rockridge's primary focus is on...
Fri, 31 Jul 2020
Junior Miner Begins 'Aggressive' Exploration on BC Gold Prospect
Source: Maurice Jackson for Streetwise Reports 07/31/2020
The CEO of NV Gold provides an update on his company's projects in British Columbia and Nevada in this conversation with Maurice Jackson of Proven and Probable.Maurice: Joining us for our conversation is Peter Ball of NV Gold Corp. (NVX:TSX.V; NVGLF:OTC). We're delighted to have you back on the program as NV Gold continues to have more and more exciting news for shareholders, coming from the newly acquired high-grade Exodus Gold Project located in BC (British Columbia). But before we begin, Mr. Ball, [what] is NV Gold, and what is the opportunity the company presents to the market?
Peter Ball: NV Gold is an exploration company focused on finding the next multimillion-ounce gold deposit [and] that has put together what we believe [are] some of the best and brightest tactical minds, including Dr. Quinton Hennigh, Dr. Odin Christensen, John Watson. Specifically, [we have] a focus on making discovery, and we've...
Mon, 03 Aug 2020
Precious Metals Explorer Provides First Results from Nevada Gold Project
Source: Streetwise Reports 08/03/2020
Newrange Gold reported first results from the drill program at its Pamlico Gold project in Mineral County, Nevada.In a news release, Vancouver-based precious metals exploration and development company Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced "the first results from the ongoing reverse circulation (RC) drilling program at the Pamlico Gold project in Nevada."
The firm noted that 25 holes totaling of 2,505 meters have been drilled to date and that the 14 holes reported herein cover around 450 meters of strike length along the central part of Pamlico Ridge. The company indicated that gold-silver mineralization consists of higher grade structures up to 9.51 g/t gold in the area between the Pamlico and Gold Bar mines.
The company's CEO Robert Archer commented, "We are making good progress in our understanding of the geological setting along Pamlico Ridge...These first results are helping to define the continuity of mineralized...
Mon, 03 Aug 2020
Junior Explorer Confirms High-Grade Copper-Silver at Ecuador Property
Source: Streetwise Reports 08/03/2020
The mineralization at Aurania Resources' flagship project is "resolving into specific targets."Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release it confirmed high-grade copper-silver in the Tsenken B target area of its flagship Ecuadorian Lost CitiesÂCutucu project.
"We are very encouraged to see the copper-silver in the Tsenken area resolving into specific targets that we aim to drill test as soon as possible," Chairman and CEO Dr. Keith Barron said in the release.
The explorer, headquartered in Toronto, reported that Tsenken B showed "sedimentary-hosted copper-silver mineralization in outcrop and boulders," the release noted. Field mapping and soil sampling will be done there next to define drill targets.
To date, Aurania has tested and reported results for the Tsenken A, Tsenken B, Tsenken N1, Tsenken N2, Tsenken N3, Tsenken N4 and the Tsenken magnetic center targets, spanning from the intensely...
Thu, 30 Jul 2020
Silver Sets the Pace for Precious Metals
Source: McAlinden Research for Streetwise Reports 07/30/2020
McAlinden Research Partners reports on the conditions driving the accelerating silver market, and sees "more upside on the horizon."Summary: The rally in silver prices has accelerated this summer, pushing spot prices to a six-year high this week. While the debasement of the dollar by huge fiscal and monetary stimulus has played a role in the broader outperformance of precious metals, silver has benefited from a rebound in industrial activity, as well as historically low relative pricing when compared to gold. [Related exchange-traded funds (ETFs): iShares Silver Trust (SLV), Global X Silver Miners ETF (SIL).]
The precious metals have had quite a run over the last few months, and silver has been at the top of the heap.
To receive all of MRP's insights in your inbox MondayÂFriday, follow this link for a free 30-day trial. This content was delivered to McAlinden Research Partners clients on July 22.
Wed, 29 Jul 2020
Analyst: A High-Grade Copper Prospect Beside a Giant
Source: James Kwantes for Streetwise Reports 07/29/2020
James Kwantes of Resource Opportunities outlines the investment thesis behind GSP Resource Corp., which is exploring prospects in British Columbia adjacent to the working Highland Valley Copper Mine.Dwight Eisenhower was in the Oval Office and America was still on the gold standard when British Columbia prospector Dick Billingsley first staked mining claims. Then 14, Billingsley pounded in wood stakes north of Rossland in British Columbia's West Kootenays on behalf of an uncle who worked in the mining industry and speculated on claims on the side. That uncle worked for the Consolidated Mining and Smelting Company of CanadaÂotherwise known as Cominco, which merged with Teck Resources Ltd. (TCK:TSX; TCK:NYSE) in 2001.
Billingsley has been staking claims ever since. In the process, the 78-year-old Surrey resident has become one of the largest individual claims holders in B.C., with about 120,000 hectares of...
Thu, 30 Jul 2020
Junior Miner's Shares Jump on Acquisition News
Source: Jay Taylor for Streetwise Reports 07/30/2020
Sector expert Jay Taylor of J. Taylor's Gold, Energy & Tech Stocks provides his take on Irving Resources' plan to acquire the Yamagano gold mining license.Irving Resources Inc. (IRV:CSE; IRVRF:OTCMKTS)54,990,799 shares
On June 23 Irving's shares popped upward by ~14% on news of Irving's plans to acquire the Yamagano gold mining license from Shimadzu Ltd. Irving Resources Inc. has signed a non-binding term sheet with Shimadzu Ltd. to acquire the 5.25-square-kilometer Yamagano mining license, site of extensive historic high-grade gold vein mining in southern Kyushu, approximately 11 kilometers (11 km) southwest of the large, high-grade Hishikari gold mine.
Irving and Shimadzu have begun work on a definitive mineral property option agreement; the terms of the option agreement will be announced once signed. In addition, the Kyushu Bureau of Economy, Trade and Industry has accepted the filing of 23 new mineral prospecting...
Tue, 28 Jul 2020
Why Is VanGold Mining So Hot?
Source: Peter Epstein for Streetwise Reports 07/28/2020
In this interview, Peter Epstein of Epstein Research talks with CEO James Anderson about why this company has potential beyond riding the rising tide of gold and silver prices.In every article/interview I've done on a gold or silver junior in the past three months, I've remarked, somewhat breathlessly, on how strong prices are. Yet, prices keep moving higher! Gold, at US$1,944/ounce (US$1,944/oz; an all-time high in U.S. dollars) is up +39% from its 52-week low of US$1,401/oz. Silver, at US$24.33/oz, is up 102% from its mid-March COVID-19 low!
VanGold Mining Corp. (VGLD:TSX.V) is a silver-gold story benefiting from this apparent precious metals bull market, but more importantly from the potential to generate two-years-plus of steady free cash flow starting in about 6Â9 months. Monetizing historical stockpiles is as much as most readers may know about VanGold, but there's so much more to this story.
Tue, 28 Jul 2020
Aftermath Buys Silver for $0.12 an Ounce
Source: Bob Moriarty for Streetwise Reports 07/28/2020
Bob Moriarty of 321gold outlines the company's latest deal.If you are a silver bug, Aftermath Silver Ltd. (AAG:TSX.V) just did a binding agreement on a project in Southern Peru with a silver 43-101 resource of 126 million ounces. They are paying about $14.5 million in total in USD with a tiny NSR on production. It comes with 771 million pounds of copper in a 43-101 resource for free.
Alternatively, if you are a copper nutcase rather than a silver nutcase, you can think of Aftermath paying $0.02 a pound for a 771 million pound copper resource that comes with 126 million ounces of silver for free. That seems like a pretty good deal to me.
They are buying the project from SSRM. SSRM used to have the most wonderful name. They were called Silver Standard. How cool was that?
Some bright spark determined SSRM was a better name. Not all of the idiots in the world are in Portland and Seattle.
In any case, SSRM (gag...
Mon, 27 Jul 2020
The Explosive Upside for Junior Gold Developers
Source: Michael Ballanger for Streetwise Reports 07/27/2020
Given current market conditions, sector expert Michael Ballanger makes his argument for investment in junior gold developers such as Getchell Gold.Reading the hundreds upon hundreds of newsletter writers, bloggers, armchair analysts and professional money managers this past week skipping merrily down the road of self-aggrandizement, large meaty hands issuing congratulatory thumps squarely on their own puffed-out chests, I began to get the sense that a certain definable "froth" has descended upon us.
"Froth" is defined as "something that rises or overflows in a soft, light mass," as in a glass of beer or other carbonated soft drink, but for today's discussion, from a political perspective, "froth" is defined as "worthless or insubstantial talk, ideas, or activities." And nowhere was there less worth and insubstantial talk than in the Twitterverse, where the number of late claimants to the throne of the Golden...
Sun, 26 Jul 2020
Explorer Acquires Rosales Copper Project in Chile, Drops Indiana Project
Source: The Critical Investor for Streetwise Reports 07/26/2020
The Critical Investor examines Golden Arrow Resources' swap of one South American gold project for another, and discusses the company's prospects for becoming a "multi-bagger."Because Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) renegotiated their Indiana gold project in Chile not too long ago [with] very favorable terms, I was surprised to recently read about the company dropping the projectÂ"The Company also wishes to report that it is not proceeding with its option of the Indiana Gold-Copper project in Chile."Âwhen announcing in the same news release the acquisition of the Rosales Copper project, located in Chile as well, which is less advanced, and will be discussed later on.
The Indiana project seemed very appealing to me, with a significant but still historic near surface resource of 607,000 ounces at 6 g/t gold equivalent (AuEq), and lots of exploration potential. Management...
Sat, 25 Jul 2020
Lion One Intercepts $80,078 Au
Source: Bob Moriarty for Streetwise Reports 07/25/2020
Bob Moriarty of 321gold discusses Lion One's latest drill results.I put out a short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) released assay results on Friday as well. The numbers were off the chart.
Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7 meters but if you look at the interval it indicates 12.7 meters. That seemed incredible at first glance.
I kept reading and my eyes just about popped out when I saw 0.9 meter at 506.4 g/t Au. I should have calmed down but couldnÂt when I saw the shorter interval.
Three feet of $30,955 gold is remarkable but a piece of last interval graded over a kilo of gold to the ton.
Those vein intercepts are 75 meters above the anticipated target zone indicating this is probably a bigger system than first imagined. When...