The Financial Road Map for 2018

By Nomi Prins

This post The Financial Road Map for 2018 appeared first on Daily Reckoning.

In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short-term rates have remained around zero. That will be a core pattern throughout 2018.

Central banks may tweak a few rates here and there, announce some tapering due to “economic growth”, or deflect attention to fiscal policy, but the entire financial and capital markets system rests on the strategies, co-dependencies and cheap money policies of central banks. The bond markets will feel the heat of any tightening shift or fears of one, while the stock market will continue to push ahead on the reality of cheap money supply until debt problems tug at the equity markets and take them down.

Central bankers are well aware of this. They have no exit plan for their decade of collusion. But a weak hope that it’ll all work out. They have no dedicated agenda to remove themselves from their money supplier role, nor any desire to do so. Truth be told, they couldn’t map out an exit route from cheap money even if they wanted to.

The total books of global central banks (that hold the spoils of QE) have ballooned by $2 Trillion in assets (read: debt) over 2017. That brings the amount of global central banks holdings to more than $21.7 trillion in assets. And growing. Teasers about tapering have been released into the atmosphere, but numbers don’t lie.

That’s a hefty cushion for international speculation. Every bond a central bank buys or holds, gets a price-lift. Trillions of dollars of such buys have artificially lifted all bond prices, and stocks because of the secondary-lift effect and rapacious search for self-perpetuating returns. Financial bubbles pervade the world.

Central bank leaders may wax hawkish –manifested in strong words but tepid actions. Yet, overall, policies will remain consistent with those of the past decade to combat this looming crisis. US nationalistic trade policies will push other nations to embrace agreements with each other that exclude the US and shun the US dollar.

And finally! My new book Collusion: How Central Bankers Rigged the World comes out on May 1. 2018. You can see my book tour schedule evolve over the next few months on my website. I look forward to seeing you at the upcoming events.

Meanwhile, here are some themes to watch for 2018:
1) Central Bank “Tightening” and “Tapering”: More Talk than Action

The Fed predicted three hikes for 2017, and for the first time in three years of announcing rate increases, meeting its own forecast. Thus, Federal Funds Rates rose by 75 basis points.

In Europe, the European Central Bank (ECB) kept rates in the zero percent range. Gearing up for Brexit, the Bank of England raised rates by a mere 25 basis points. In Japan, the Bank of Japan (BOJ) kept rates negative. The …read more

Source:: Daily Reckoning feed

The post The Financial Road Map for 2018 appeared first on Junior Mining Analyst.

Jordan Roy-Byrne – Techncial Commentary – Thu 11 Jan, 2018

By Cory Gold vs US markets, Treasuries, and the USD

Jordan Roy-Byrne, Editor of The Daily Gold joins me today to look at a wide range of markets and compare to the moves in the gold market. We look at the continued rise in US markets but gold’s ability to hold its current level. Also yields are discussed because if they continued rise this could draw money away from the precious metals. Finally Jordan has some comments on the USD and it’s chart pattern.

Click here to visit Jordan’s site for more metals focused commentary.

Download audio file (2018_01_11-Jordan-Roy-Byrne.mp3)

…read more

Source:: The Korelin Economics Report

The post Jordan Roy-Byrne – Techncial Commentary – Thu 11 Jan, 2018 appeared first on Junior Mining Analyst.

Skeena shares take off on BC Golden Triangle drilling

By analyst

By Frik Els

Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.

In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in Toronto.

In a statement Skeena highlighted several drill holes at its 100%-owned Snip property in the northwest of the Canadian province including 9.26 g/t Gold over 11.85m:
• UG17-027: 74.35 g/t Au over 2.00 metres
• UG17-033: 77.41 g/t Au over 1.10 metres
• UG17-034: 26.28 g/t Au over 2.03 metres
• UG17-034: 7.48 g/t Au over 6.35 metres
• UG17-035: 19.26 g/t Au over 11.85 metres
• UG17-035: 11.21 g/t Au over 5.95 metres
• UG17-036: 35.49 g/t Au over 4.35 metres

The Snip mine produced roughly 1m ounces of gold from 1991 until 1999 at eye-popping grades of 27.5 g/t

Skeena acquired the past-producing Snip mine from world number one gold miner Barrick Gold in July last year through an option agreement after spending $2m at Snip. Barrick retains a 1% smelter royalty and can also buy back a controlling stake should Skeena delineate more than 2 million ounces of gold.

The property consists of one mining lease and four mineral tenures totaling approximately 1,932 hectares in the Liard Mining Division.The Snip mine produced roughly 1m ounces of gold from 1991 until 1999 at eye-popping grades of 27.5 g/t according to the company’s website.

It’s been a busy few months for Skeena.

Barrick injected $1m cash into the company in December and the Toronto giant also granted Skeena an option on another past-producing property located in the Golden Triangle, Eskay Creek.

Discovered in 1988, the former Eskay Creek mine produced approximately 3.3 million ounces of gold and 160 million ounces of silver at average grades of 45 g/t gold and 2,224 g/t silver and was once the world’s highest-grade gold mine and fifth-largest silver mine by volume.

Gold futures were trading near a 4-month high of $1,324.70 on Thursday, up 7% over the past month as the metal shakes off concerns about interest rate increases in the US drawing investors away from the sector.

The post Skeena shares take off on BC Golden Triangle drilling appeared first on MINING.com.

…read more

Source:: Infomine

The post Skeena shares take off on BC Golden Triangle drilling appeared first on Junior Mining Analyst.

Company Updates From Management – Thu 11 Jan, 2018

By Cory Fireweed Zinc – Tying Together Recent Drill Results and Updated Resource

On the heals of the new resource announced yesterday, Fireweed Zinc CEO Brandon Macdonald joins me share some additional insights. We look at drill results that were released in early December and the updated resource. The stock has been performing very well since I first introduced the Company in late November. Looking ahead a PEA is in the works.

Click here to visit the Fireweed Zinc website for more Company information.

Download audio file (2018_01_11-Brandon-Macdonald-Fireweed-Zinc.mp3)

…read more

Source:: The Korelin Economics Report

The post Company Updates From Management – Thu 11 Jan, 2018 appeared first on Junior Mining Analyst.

[CANNABIS ALERT]: Ray Blanco: “Sessions Can’t Stop U.S. Pot”

US Pot Stocks Roar Back

By Ray Blanco

This post [CANNABIS ALERT]: Ray Blanco: “Sessions Can’t Stop U.S. Pot” appeared first on Daily Reckoning.

A monumental policy shift announced by the U.S. federal government on pot last Thursday sent the pot markets into a frenzy.

U.S. Attorney General Jeff Sessions’ announcement that he will roll back the Obama-era “Cole memo” marijuana protections triggered a massive sell-off of pot stocks, especially in U.S.-based companies.

Early morning Friday, it was anyone’s guess how the U.S. pot market might be affected.

But as I expected, state officials strongly pushed back, and stocks have already recovered their losses.

U.S. States React

Politicians from both parties, alongside industry leaders, have already spoken out against the intrusion on states’ rights with Jeff Sessions’ actions.

In Alaska state officials are moving along with a “business as usual” approach.

According to a recent Marijuana Business Daily report, Alaskan Gov. Bill Walker sent a letter to Sessions in 2017 requesting to keep the “Cole memo” protections in place.

Alaska has become heavily reliant on the tax revenue boost pot has brought the state.

California, of course, is not bucking with its marijuana plans either.

Chief of the California Bureau of Cannabis Control Lori Ajax notes in a statement she “fully expects” the DOJ to “respect the rights of states” when it comes to the overwhelming public support legal marijuana has garnered.

Vermont barely batted an eye in reaction to Sessions’ new directives.

Yesterday the state made headlines, becoming the first to pass an actual bill that legalizes recreational marijuana. According to Vermont’s Public Radio, Republican Gov. Phil Scott has stated he plans to sign the bill into law soon.

Colorado, one of the first states to legalize marijuana, also plans to stay the course. State Attorney General Cynthia Coffman was quoted saying in a recent CNN report that “We will continue as a state to exert our right as a sovereign state to control what happens in our borders with regard to marijuana regulation and enforcement.”

Massachusetts Gov. Charlie Baker, another Republican, called Sessions’ rollback of the “Cole memo” the “wrong decision.”

Massachusetts’ Cannabis Control Commission released a statement in response. The group states they “will continue to move forward with our process to establish and implement sensible regulations for this emerging industry in Massachusetts.”

These states are not the only ones.

In fact, every state with legal marijuana legislation on the books has announced that it will NOT bow down to the pressures of federal enforcement.

But what does this mean for you, the pot investor?

Marijuana Stocks Roar Back

Last week we reported that U.S. pot stocks dropped drastically in the wake of Jeff Sessions’ announcement.

In one day the U.S. Marijuana Index fell from grace, dropping over 20%. But the power of profits and the intrigue of buying on the dip shot the index back to near all-time highs yesterday.

Check out the five-day chart:

The data makes it clear: U.S. pot is moving full steam ahead.

There may be a few speed bumps along the way.

Another announcement from the feds, for example, could slow investing again temporarily, but the writing is on the …read more

Source:: Daily Reckoning feed

The post [CANNABIS ALERT]: Ray Blanco: “Sessions Can’t Stop U.S. Pot” appeared first on Junior Mining Analyst.

Company News – Thu 11 Jan, 2018

Figure 1 Jan 9

By Cory

Maple Gold Finalizes Drilling Plans and Prepares to Commence Winter Drilling Campaign

Maple Gold Mines released news yesterday focused on their winter drill program. After big changes to management and the technical teams in the second half of the year I am expecting this to a big year for the Company. The 100% owned Douay Gold Project already has a resource published last year of 2.8M Oz Au @ 1.05G/T. On top of a planned 25,000 -30,000m drill program the Company also has lots of historical holes to re-log which will continue to de-risk the project. This is a very large project with the opportunity to tie together the known resource area with other current discoveries that need some drilling between. Take a close look at the maps/images below to get an understanding of how this is all possible.

I am shareholder of Maple Gold for a number of reasons. I really like the new management team. I like that the Douay Project is in Quebec and I like that the potential of expanding the current resource into some much bigger. I will also be chatting with management shortly for a more comprehensive update.

Click here to listen to the most recent interview with Matthew Hornor, Maple Gold President and CEO.

Here’s the news…

January 10, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to provide an update on exploration activities and the upcoming winter drilling campaign. The Company’s team of eight geologists have now re-logged over 18,000 metres (m) from selected higher-grade sections throughout the Resource Areas, and are preparing for the 25,000 – 30,000m drilling program that will start on or about January 15. The updated camp, capable of accommodating up to 75 people, is in place and the first drilling contract has been signed with equipment being mobilized to site.

Maple Gold’s technical team continues to evaluate and modify the existing geologic and resource models, incorporating the 2017 drilling (~23,000m), new results from previously un-assayed drill-core in the Resource Area and applying new knowledge established from all of the database-related work completed during Q4 of 2017. The 25,000 – 30,000m winter drilling program will build on the 2017 campaign and includes plans for approximately 60% of the meterage for step-out and infill drilling (Resource Area), with the remaining 40% allocated towards greenfields exploration and new discovery drilling. More specifically, the objectives are:

Greenfields & New Discovery Drilling:

Test new discovery targets beyond the known Resource Area. This drilling will focus on the NE Syenite Target (10 holes, see press release Nov 29, 2017), additional Syenite Targets identified along the Casa Berardi Fault Zone to the NW of the current Resource Area (4 holes) and also a number of undrilled or insufficiently drilled EM conductors to the west of the Resource Area (9 holes).
Define new exploration targets in peripheral greenfields areas. This will be accomplished with approximately 100 shallow “Top-of-Bedrock/Overburden” type holes for a total of ~3,500m, mainly in the more remote and …read more

Source:: The Korelin Economics Report

The post Company News – Thu 11 Jan, 2018 appeared first on Junior Mining Analyst.

Company Updates From Management – Thu 11 Jan, 2018

By Cory Miramont Resources – Another Look At The Cerro Hermoso Update

After the news yesterday I followed up with the Miramont President and CEO Bill Pincus. We take another look at the 3 priority targets and strategy for the upcoming exploration. Now that the Company has completed the Puno Gold acquisition and raised C$6 million it is moving forward with the Cerro Hermoso project. I am a shareholder of Miramont and will be in close communication with Bill and his team.

Click here to visit the Miramont website for more information.

Download audio file (2018_01_11-Bill-Pincus-Miramont-Resources.mp3)

…read more

Source:: The Korelin Economics Report

The post Company Updates From Management – Thu 11 Jan, 2018 appeared first on Junior Mining Analyst.

Ron Paul – Thu 11 Jan, 2018

By Cory Koreans Agree To Talk To Koreans…Nikki Haley Furious!

The North and South Koreans have moved closer to starting direct negotiations aimed at defusing the high tension levels on the peninsula. Instead of cheering an opening to diplomacy, however, US Ambassador to the UN Nikki Haley has warned that the US will not support such talks unless North Korea gives up its nuclear program first…

…read more

Source:: The Korelin Economics Report

The post Ron Paul – Thu 11 Jan, 2018 appeared first on Junior Mining Analyst.

Mine’s Updated Mineral Resource Contains Higher Grades

Source: Streetwise Reports 01/11/2018

Euro Pacific Capital reviewed the new estimated resource released by this company for its Peruvian mine.

In a Dec. 21 research note, Euro Pacific Capital analyst Bhakti Pavani reported that Great Panther Silver Limited (GPR:TSX; GPL:NYSE.MKT) released an updated mineral resource estimate for its Coricancha mine, which it had acquired from Nyrstar in June 2017. “We believe the overall mineral resource update at Coricancha is positive,” Pavani commented.

In the updated version, the Measured and Indicated (M&I) resource totals 752,759 tons. The M&I silver equivalent is higher, having increased to 24.2 million ounces from 21.96, Pavani highlighted. However, Inferred silver equivalent are lower, having decreased to ~0.9 million tons from 4.9, primarily due to the difference in methodologies used to calculate the resource.

Most noteworthy about the estimate, Pavani noted, is the metal grades “are comparatively higher than” those in the previous estimate. Comparison of the grades in the newly calculated resource to those initially determined showed 200 versus 174.6 grams per ton (200 vs. 174.6 g/t) gold, 5.8 vs. 5.04 g/t silver, 2.06 vs. 1.97% lead, 3.26 vs. 3.11% zinc and 0.53 vs. 0.42% copper, respectively.

For the resource update, Great Panther used the results from its own drilling of 33 diamond holes, (~6,000 meters) on the property along with the data Nyrstar had amassed and used in the historical resource in 2012.

The miner aims to complete and announce the results of optimization and technical studies on Coricancha by Q2/18, Pavani reported, with production likely starting there sometime in 2020. Euro Pacific believes Great Panther has sufficient cash to advance the project to that point.

Euro Pacific has increased its valuation on Coricancha to $85 million from $74 million based on the updated, NI-43-101-compliant resource estimate and “assuming the recovery of 80% of the M&I resource and 64% of the Inferred resource,” Pavani explained.

Regarding an update at the company’s Topia mine, Pavani indicated that in a “significantly positive development,” Great Panther now holds all of the required permits to build and run the new phase 2 tailings storage facility there, and plans to start construction immediately. The analyst added that the company has “sufficient capacity remaining at phase 1 to allow uninterrupted mining operations at the Topia mine and expects a seamless transition to deposition at [the] phase 2 tailings storage facility.”

Euro Pacific has a Buy rating and a CA$2.90 per share target price on Great Panther Silver, whose stock is currently trading at around CA$1.70 per share.

Read what other experts are saying about:

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Great Panther Silver. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Disclosures from Euro Pacific Capital Inc., Great Panther Silver, Company Update, Dec. 21, 2017
Euro Pacific expects to receive or intends to seek compensation for investment banking services from all companies under research coverage within the next three months. Euro Pacific or its officers, employees or affiliates may execute transactions in securities mentioned in this report that may not be consistent with the report’s conclusions.

Regulation Analyst Certification (“Reg AC”) — Bhakti Pavani. The views expressed in this report (which include the actual rating assigned to the company as well as the analytical substance and tone of the report) accurately reflect the personal views of the analyst(s) covering the subject securities. An analyst’s sector is the universe of companies for which the analyst provides research coverage. Accordingly, the rating assigned to a particular stock represents solely the analyst’s view of how that stock will perform over the next 12 months relative to the analyst’s sector average.

No part of the compensation of the analyst preparing this report was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such analyst in this report.

Additional disclosures about the sources cited in this article

( Companies Mentioned: GPR:TSX; GPL:NYSE.MKT,
)

Stick with Our Fab Four for Continued Outperformance

Source: Fincom Investment Partners for Streetwise Reports 01/11/2018

While miners have bounced off their December lows, what is in store for 2018? Fincom Investment Partners profiles a handful of companies it believes have an opportunity to double in 2018.

December’s annual tax ritual provided a number of opportunities. While miners have bounced off the December lows, the year is just getting started, so now what? Going forward, we prefer shares offering fundamental value improvement, which may increase share price in both a rising gold environment, and, if it so happens, another flat or soft year. These stocks have an opportunity to double in 2018 even if the mining sector remains flat.

Silvercorp Metals Inc. (SVM:TSX; SVM:NYSE). Bet you did not know that in the last (available) quarter (Q317), Silvercorp earned more money than Helca, Coeur Mining, First Majestic Silver, SSR (formerly Silver Standard), Tahoe, Endeavour Silver and Klondex COMBINED. A Canadian company, its high-grade silver mines in China produce a strong zinc/lead by-product, thus earnings have been excellent. We have the company at about an 8X current year PE. With $100 million in cash and no debt, SVM’s $438 million market cap easily makes it the best value in silver mining.

In terms of China operations, by now, all skeptical doubts are finished. We believe there is less risk as a tax-paying operator in China, than about anywhere in Latin America, Africa, etc. Following the company for several years now, we have found management solid and conservative. We cannot say the shares are this cheap entirely because of poor investor communication, as there is almost no investor communication. We have also spoken with a former, highly experienced and well-regarded senior mining exec who visited the properties in depth and offered a highly favorable opinion, calling it “one of the best properties I’ve ever seen.” In addition, Silvercorp now owns 32% of New Pacific Metals; already with nearly a billion ounces, this Bolivian silver developer has company-maker potential.

Marathon Gold Corp. (MOZ:TSX; MGDPF:OTC.MKTS) did not have much of a tax loss season as shares were up 125% in 2017, although consolidating for the past 11 months. We think that is a “tell” and great set-up; as shares outperforming the indexes, combined with heavy insider buying, confirms our view that this Newfoundland project is not only going to be a very profitable gold mine, but still a relative value. Already at nearly 3 million gold ounces, ongoing drilling is hitting consistently; initial PEA underway for Q2. Proven, serious and highly skilled management team has done it before, from grass roots exploration to ultimate sale. Well financed, without over-issuing warrants. Something we like. The good news is that management does very little to promote the shares, so you are not buying a lot of fluff. The bad news is there isn’t much of any promotion; you may have to sit with shares during consolidation periods, although we think one just ended. Our opinion is that Marathon will be bought—that is management’s plan also—for a nice payday between $3 and $4. About as sure as it gets for mine explorers/developers.

Wesdome Gold Mines Ltd. (WDO:TSX; WDOFF:OTC.MKTS). We were fortunate to buy shares in St. Andrew Goldfields right before the Kirkland Lake buyout in 2015, and while the KL trade continues to work, we think Duncan Middlemiss’ new job, as CEO of Wesdome, has a much better chance of doubling your money in 2018. The driver here is the exciting high-grade gold discovery at the Kiena complex. Very few high-grade opportunities are left in Canada and with a market valuation only CA$286 million, we are surprised the company is still “single.” Besides the obvious tax-loss selling, another factor throughout 2017 helped push the price extra low: a tiny investment fund—but a 20% Wesdome share owner—consistently sold shares. We don’t know what the real story was and we don’t especially care. Dumb things happen in mining; big shareholders telegraphing intentions allow investors to sell out ahead, driving prices lower, becoming a self-fulfilling prophecy, when, for a mere 7%, plenty of investment bankers would have placed the whole block, at what would have been much higher prices. That mistake is your gift. Wesdome should fundamentally improve over the coming year as the Kiena project matures; we see both value and opportunity for outsized returns.

Atlantic Gold Corp. (AGB:TSX.V; SPVEF:OTC.MKTS), had a good 2017, up nearly 100%. We first invested back in 2016—liking management, 35% insider ownership, production economics, and Nova Scotia location. Management has delivered; all is working well at Canada’s newest gold mine. Efforts are now underway to expand mine life, which would significantly increase value. The company did it right—start small, then expand. Although you can fairly argue share structure is a bit blown out, with 42 million warrants/debentures still out at a $0.60 strike, and they are no longer the screaming buy of 2016, we note shares have now been consolidating for nearly nine months, allowing value to catch up. Mitigating factor: Atlantic should be included into the GDXJ ETF during 2018, which would add massive buying—such inclusion led to a sharp, nearly 75% spike in Wesdome last year. We think that is a decent bet for 2018 and are willing to sit since (probably) 10 million shares of new, net buying on a stock averaging 200,000 daily traded shares will have impact.

Honorable Mention:

Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE) doesn’t quite fit with the others and had rough year due to bunches of both bad luck and inept market communication. Who gets hit by lightning twice? Endeavour did. However, the bad news seems priced in and the company is on track to repair damages. Plus it is building several new mines, taking the company to around 15 million silver ounces, a number big enough to attract attention; even to work its way into the much larger GDX ETF. Endeavour has the balance sheet to get there. Although, like most silver miners, Endeavour needs higher prices to make decent money and we also have very low expectations for the upcoming fourth quarter numbers. Thus we view Endeavour as more of a second half story—yet we own shares now, feeling comfortable in the low $2s—in a strong metal environment, of which we are optimistic—ETF buying alone can really move these small, U.S.-listed miners—possibly even back to the 2016 highs of $6. Further, while CEO Brad Cooke may not be quite the glib, Vancouver smoothie, he is a mining professional and Endeavour has both cut costs and is growing production faster than peers. Any evidence management can deliver promised improvements should help the beaten down shares exponentially.

Frederick Lacy, president of California-based Fincom Investment Partners, began as a Chicago commodity broker in 1984, before heading west in 1987, joining Bateman Eichler, Hill Richards. Ultimately “retiring” in 2000 as a licensed Securities Principal and Managing Director of Investment Banking, he has been involved in numerous successful investments, including raising the institutional start-up capital for what became PetroHawk, subsequently purchased by BHP in 2011 for $15 billion. Fincom IP was one of the very few correctly calling both sides of oil’s 2003-2014 bull market, repeatedly advising clients, months before the 2014 top, of a “100% chance of a bloodbath in oil.” The firm also has a long-time involvement with technology, such as mobile payments in India; leading an early $13 million VC financing for a “ledger” software (a sector now commonly known as “blockchain”); other investments include 3D holographic display technology along with early mobile applications. Fincom’s long-time clients are enormously successful investors. Some helped found/director of LNG pioneer Cheniere Energy; others founded Upfront Ventures, the #1 performing venture capital fund last decade. In 1989, Mr. Lacy hosted “The Venture Capitalist,” which aired on (now) CNBC and he was invited to Beijing in 2006 to advise Chinese companies on entering the U.S. financial markets. Fincom Investment Partners is not accepting new clients and does not sell any subscription services.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Frederick Lacy: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Silvercorp, Marathon Gold, Wesdome, Atlantic Gold and Endeavour Silver. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Klondex Mines. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: AGB:TSX.V,
EDR:TSX; EXK:NYSE; EJD:FSE,
MOZ:TSX; MGDPF:OTC.MKTS ,
SVM:TSX; SVM:NYSE,
WDO:TSX,
)