October 15, 2019
Chris Vermeulen
TheTechnicalTraders.com
Note from Dudley – These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscr…
Metals Are Following Downside Selloff Prediction Before The Next Rally Read More »
October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com
Note from Dudley – These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscr…
Lots Of Upside Ahead For The Metals And Miners Read More »
October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com
Note from Dudley – These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscr…
Gold Gifts Traders With Another Rotation Below $1500 Read More »
Source: Michael Ballanger for Streetwise Reports 10/05/2019 Sector expert Michael Ballanger offers his observations on recent market fluctuations. On Wednesday, as the kiddies were upset over a swooning S&P, then trading a paltry 5% from the all-time high of 3,027, I tweeted out this graphic that perfectly describes my cynical view of the paper markets around the world. What prompted me to exercise my artistic flair was that the screams were loudest in the world of social media where the Millennial Horde had leveraged Mommy’s 2018 BMW Roadster convertible in order to trade S&P futures from the long side. “Cut rates!” they type-screamed using CTRL-B,U,I for emphasis; “Do the China Deal, Donald!” as margin calls came flooding into their inboxes. And as surely as the sun rises and gold gets hammered on an NFP Friday, the invisible hand reached out and rescued them with mercurial deft and timely precision. All is now right with the world, and stocks are charging back toward the highs with a 57-point turnaround in the S&P in less than two trading sessions. As I tweeted out [yesterday], it was (and is) laughingly predictable. Now, to underscore the absurdity of this obsession with rising stock markets, take a peak at the next graphic courtesy of Bianco Research. The pink section is all bonds trading at a negative yield, while the green is what would be historically “normal”—you know, a bond that pays the holder that is taking all of the risk a positive return. Is it … Continue reading →
Free Market Capitalism: Laughably Predictable Read More »
Source: Streetwise Reports 09/29/2019 Company notes “significant increases in gold grade and ounces of gold.” Wesdome Gold Mines Ltd. (WDO:TSX) updated the mineral resource estimate for its Kiena mine complex in Val d’Or, Quebec, it announced in a news release. The updated estimate includes 36,050 meters (36,050m) and 140 holes more of drill data than the previous one from December 2018. Data from 66 of those holes, covering 18,365m, were from Kiena Deep (the A zone). The newly calculated resource for the Kiena Deep A zone amounts to 405,100 ounces (405.1 Koz) of gold at a grade of 18.55 grams per ton (18.55 g/t) in the Measured and Indicated (M&I) category. That compares to 99.3 Koz of 9.95 g/t M&I gold in the 2018 resource estimate. Between the new and the 2018 estimates, the Inferred gold resource there grew to 332 Koz from 241.1 Koz, and the grade increased to 15.27 g/t from 11.43 g/t. “Our work has continued to grow and better define the high-grade Kiena Deep A zone, and we are confident that the mineral resource will increase as a result of the ongoing drilling of this high-grade area that remains open up and downplunge,” President and CEO Duncan Middlemiss said in the release. Along with Kiena Deep, the new report includes resource quantities for other areas of the property: proximal to the Kiena mine development (the A, B, South, VC and S50 zones), outside the Kiena mine area (the Martin, Dubuisson, Northwest, Presqu’ile zones and Wesdome deposit) … Continue reading →
Miner Increases Gold Ounces, Grade in New Resource Estimate Read More »
Source: Maurice Jackson for Streetwise Reports 09/24/2019 Maurice Jackson of Proven and Probable interviews the CEO of this project generator about the prospects for its latest acquisition. Maurice Jackson: Joining us for conversation is Dr. John-Mark Staude, the president, director and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, before we delve into today’s interview, please introduce us to Riverside Resources and the opportunity you present to the market. John-Mark S.: Riverside is a prospect generator and we’ve been able to deliver joint venture programs. We’ve been able to develop very good value for shareholders, and the value proposition is exposure to multiple commodities for upside with limited downside. Riverside’s well capitalized and moving forward as a strong prospect generator company. Maurice Jackson: Back in January, Riverside Resources was involved in some strategic acquisitions, which further expanded the footprint of Riverside in Sonora, Mexico. You have an update for shareholders. Take us there and provide us with the update please. John-Mark S.: We do have some exciting news to share. When the markets were tough during the early part of 2019, Riverside took advantage of our bases in Mexico to acquire the properties from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX) in Mexico. One of those projects, the Los Cuarentos Project, was one of our key acquisitions that we are very excited about, and with the recent results we have from there, we see blue sky going forward. Maurice Jackson: How close in proximity is Los Cuarentas … Continue reading →
Explorer in Mexico Believes New Mine Holds Promise for Blue Sky Read More »
Source: Maurice Jackson for Streetwise Reports 09/24/2019 Maurice Jackson of Proven and Probable interviews the CEO of this project generator about the prospects for its latest acquisition. Maurice Jackson: Joining us for conversation is Dr. John-Mark Staude, the president, director and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, before we delve into today’s interview, please introduce us to Riverside Resources and the opportunity you present to the market. John-Mark S.: Riverside is a prospect generator and we’ve been able to deliver joint venture programs. We’ve been able to develop very good value for shareholders, and the value proposition is exposure to multiple commodities for upside with limited downside. Riverside’s well capitalized and moving forward as a strong prospect generator company. Maurice Jackson: Back in January, Riverside Resources was involved in some strategic acquisitions, which further expanded the footprint of Riverside in Sonora, Mexico. You have an update for shareholders. Take us there and provide us with the update please. John-Mark S.: We do have some exciting news to share. When the markets were tough during the early part of 2019, Riverside took advantage of our bases in Mexico to acquire the properties from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX) in Mexico. One of those projects, the Los Cuarentos Project, was one of our key acquisitions that we are very excited about, and with the recent results we have from there, we see blue sky going forward. Maurice Jackson: How close in proximity is Los Cuarentas … Continue reading →
Explorer in Mexico Believes New Mine Holds Promise for Blue Sky Read More »
Bob Moriarty Archives Sep 16, 2019 As any fan of detective books or shows knows well, when you observe a crime you must first ask yourself, “Who benefits.” The Latin is Cui Bono Literally to whom is it a benefit? On Saturday September 14th someone fired missiles or sent armed drones against Saudi oil facilities reducing world oil production by 5% and Saudi production by 50%. The beleaguered Houthis group at war by Saudi Arabia in Yemen quickly claimed credit for the attack. While the Houthis have used armed drones in attack mode previously against the Saudi’s, those flights were bee stings compared to the sophistication and breadth of success in the latest attack. The BBC calls the latest events “a different order of magnitude altogether.” There were seventeen different points of impact on the Abqaiq facility. What ragtag poorly armed enemy could possibly conduct such as remarkably complex attack? Since the recent long past sell-by date demise of John Bolton, Donald Trump’s current attack Chihuahua, Mike Pompeo, promptly insisted Iran was behind the attack. But how does Iran benefit by starting World War III? Are they so fucking stupid that they would wave a red flag in front of the nuclear armed US, nuclear armed Israel and Saudi Arabia run by a snow flake who thinks cold blooded murder is just about right when his feelings are hurt. Israel has been threatening Iran with destruction since at least 1982 with the publication of the Yinon Plan. The document is remarkable in its candor for the Zionist plan for the … Continue reading →
Israel Made the Attack on the Saudi Oil Fields Read More »
Investor Interest Is Soaring For These Securities Better than options, better than shares, better than preferred shares and better than convertible debentures. Some others in the business have referred to these securities as Premium Shares, however, there is no such thing as Premium Shares which was a ‘made-up’ term by others for marketing to their base. These securities are actually stock warrants which have been around since the 1920s. Stock warrants are a favorite of many large and savvy investors, like Warren Buffett and Rick Rule, both of which would never participate in a financing unless warrants are issued to them as well as the common shares of the company. For investors, ‘timing’ is extremely important, when to buy, when to sell. It is like a merry-go-round and each investor is in control as to when to enter or exit a trade. With stock warrants I usually like to have at least 2 years of remaining life before buying the warrants and there are many in my databases. So warrants can be viewed as an equity kicker, incentive, to get the deal done and Warren and Rick are tough negotiators and want the best terms possible. Admittedly, most of the warrants which Warren Buffett and Rick Rule receive are in connection with private placements which might not be available to the average investor, but there are many stock warrants trading which can be bought on the exchanges just like buying common shares but only if you know where to … Continue reading →
Investor Interest Is Soaring For These Securities Read More »
Source: Streetwise Reports 08/31/2019 The company’s revised estimates, the reasons for and repercussions of them are addressed in a CIBC report. In an Aug. 26 research note, analyst Dave Popowich reported that his firm CIBC reduced its price target on Whitecap Resources Inc. (WCP:TSX) to CA$7.25 per share from CA$7.50 due to strip pricing changes. In comparison, the oil and gas company’s current share price is about CA$3.67. CIBC made other small adjustments to its estimates on Whitecap to reflect the company recently reducing its 2019 budget by CA$50 million to CA$400 million. This move, Popowich wrote, reflects “an increasingly cautious industry stance” in a worsening oil price environment. Consequent to lower spending, Whitecap’s Q4/19 production is expected decrease to 74,000–75,000 barrels of oil equivalent per day (74,000–75,000 boe/day) from 77,000–9,000 boe/day. Full-year 2019 production guidance remains the same, however, and Whitecap forecasts free cash flow this year of about CA$135 million, an increase over previous guidance of CA$95 million. “With an estimated FY19 payout ratio of just 82% on recent strip pricing, Whitecap’s 9.3% dividend yield looks very safe for the time being,” Popowich highlighted. CIBC anticipates Whitecap’s lower spending in H2/19 to carry over into 2020. Thus, the bank decreased its full-year 2020 capital spending forecast on the energy firm to CA$450 million from CA$500 million and reduced its projected production by 4% to 74,015 boe/day. Popowich concluded that “Whitecap has maintained a relatively strong balance sheet throughout the ongoing industry downturn, and we see that as a … Continue reading →
Energy Firm Reacts to Oil Price Weakening with 2019 Budget Decrease Read More »
