Gold is playing its ‘Trump” card again and touched a high of $1,216 today…as of 10:45 am Pacific, bullion is up $16 an ounce at $1,211…Silver has surged 43 cents to $17.50…Copper has climbed 7 cents to $2.71…Nickel is up a dime to $4.49…Crude Oil is 67 cents higher at 53.30 a barrel while the U.S. Dollar Index has plunged two-thirds of a point to 99.64…
Silver is looking particularly bullish from a technical standpoint as John’s chart showed yesterday…it often leads Gold to the upside so its strength is certainly encouraging in terms of the near-term outlook for the yellow metal…Silver has also been helped this month by gains in base metals, which have prompted funds to take long positions given Silver’s industrial properties…
A 2-day Federal Reserve meeting started this morning with traders hoping for clues on the outlook for U.S. interest rates when a fresh Fed statement is issued tomorrow…
Deutsche Bank is once again in trouble with regulators, and rightly so…the German bank has agreed to pay a total of $630 million after being fined by U.S. and U.K. regulators for not maintaining an adequate anti-money laundering (AML) control framework…the fines come after investigations revealed that the bank allegedly helped launder $10-billion out of Russia through bogus trades…
In Today’s Morning Musings…
1. The growing case for the stunning events that have occurred, geologically, in the heart of the “Eskay Camp” around the E&L – and how this information could make investors fortunes…
2. Updates on CXO, PGM, GSV, CNZ…
3. Take this girl out for a date, but don’t fall in love with her!…
4. Daniel’s Den – some TNT from KNT!…
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Hi Jon, have you seen the CSR NR this morning: Excellent silver- cobalt recoveries and concentrate grades in first stage bench-scale metallurgical testing of Beaver Mine mineralized material samples and tailings samples from both Beaver and Castle Mines.
Any thoughts? Share price went up a lot in the morning, and retreated on profit taking I guess.
Comment by rgiroux — January 31, 2017 @ 12:58 pm
Good to see that stubborn ask dwindle away, maybe some woke up the last hour for ggi, a little volume for a change hey,3-d coming and tora tora results very soon, looking good!!
Comment by Laddy — January 31, 2017 @ 1:57 pm
GGI – something has to give soon cause a rough idea is $1MM for vtem, geos, drilling, some office expenses, new powerpoints on E+L alone. FWIW , recent filings suggest that Rambo is being drilled, but I doubt that and think its old news and not updated in the filings properly. Permits for King are in hand and PSP has a small work commitment this year as well.
Comment by david — January 31, 2017 @ 3:11 pm
Just forget about GGI and stay away. Much better places to be.
Comment by Dennis — January 31, 2017 @ 3:53 pm
You’re absolutely right, David, and those are situations I particularly like for near-term gains as that’s when a company often turns on the engines and ramps up its stock price, and then locks in a financing…when that 3D model comes out shortly, it’ll be a slam dunk at some key brokerages and with some major individual players (including the Chinese, don’t forget that tie-in from late last year) for GGI…big demand for paper…why do I say that?…because the E&L does tick all the boxes, any mining analyst will be able to see that—especially with the 3D model…facts are facts…and this is in the heart of a world class camp which greatly increases the odds for something very big…Everett Makela and Raymond Goldie will lay it all out very succinctly, on video, in the days ahead…
Comment by Jon - BMR — January 31, 2017 @ 4:12 pm
Well as much as I smack GGI at times it is my largest holding and added another 100000 shares today. I’ve had this stock for two years and really hope this E&L is the catalyst to start a serious run. It is definitely looking good.
Comment by weatheritout — January 31, 2017 @ 6:12 pm
I’m sure that us here at theBMR board own several millions of shares between the lot of us… fingers crossed!! Jon- I know that EQT had a good promotion team a couple years ago, but geographically, did their nickel property have anything like what GGI has? I’m thinking in terms of the checklist… Were there massive sulphides in the area, gravity anomalies, or tenors present?
Comment by johnz — January 31, 2017 @ 9:05 pm
Ladies nd gentlemen>>> Cruz Capital.. heed Jon’s comments.. the promoters are good at what they do. they are the same band of crooks that managed canasia, brookmont, TAD minerals, and sienna..
they pump promote and give themselves paper with no hold period.
Jon/John your keen eye will be needed for n exit point – please:)??
they own stuff but never do anything with it.. all hype. I have shares but as always have no idea when to get out with a company like this… cheers all…
Comment by Jeremy — February 1, 2017 @ 4:05 am
DBV news: Doubleview (TSX-V: DBV) Announces Proposed Private Placement Financing of Convertible Notes in the Principal Amount of USD $450,000.
I believe he wants to keep momentum going and not slow down drilling plans…
Comment by Foz1971 — February 1, 2017 @ 6:21 am
Jon, what’s your opinion on DBV announcing another PP before results? That’s 2 since results pending.
Comment by Dan1 — February 1, 2017 @ 6:37 am
FGD – a near double in 7 trading days. Hope some took advantage
Comment by dave — February 1, 2017 @ 7:00 am
i like the looks of that dbv chart, looks like breakout soon
Comment by dave — February 1, 2017 @ 7:03 am
Dan1, I like the non-dilutive aspect of this and the fact DBV has another $600,000 CDN to drill more at the Hat is very positive (on top of what they raised in December)…they don’t have to worry about raising more money after results come out—-they can go right back and start drilling again…smart move on Farshad’s part…looks like the long-awaited breakout above the downsloping channel that we’ve alluded to could be happening…patience pays off again!
Comment by Jon - BMR — February 1, 2017 @ 7:21 am
Jon: that is how I see it re: DBV. I spoke with Farshad as well and he indicated he wanted to be able to continue drilling… essentially without placing a cap on momentum.
Comment by Foz1971 — February 1, 2017 @ 7:31 am
GGI – that lid that ANON keeps putting up at 14. Lid or frustrated sellor? every time 14 is cleaned out, a whack via ANON shows up again over the past couple days
Comment by david — February 1, 2017 @ 7:34 am
Good point, David, I’ve been watching that, too…a little “inside baseball” for readers…my conclusion (interpretation) is that this is Secutor, front-selling their flow-through paper (1.3 million shares) acquired in late December ahead of the normal 4-month hold…this actually creates a very bullish set-up from a demand-supply standpoint as my calculations this morning show they would only have a maximum of 600,000 shares remaining (they may be using more than ANON)…the clock is ticking…once that’s gone, the lid is off…you may ask, how are they able to sell prior to the 4-month hold?…don’t be naïve…this group is extremely creative, let’s put it that way…this is how they operate, with everyone…and they play both sides of the trade…I suspect they are also picking up some GGI shares, so their fund will profit from the flow-through share sales AND profit from the immediate ride up with paper bought in the open market…hence our sense of urgency about grabbing some while it’s still available at current prices because this is going higher, demand-supply reasons and fundamental reasons of course…
Comment by Jon - BMR — February 1, 2017 @ 7:57 am
David – the .14 on GGI is being bought with aggression. This means very very very soon, the .14’s are GONE.
Comment by dave — February 1, 2017 @ 7:58 am
Some U.S. buying on GGI today.
Comment by dave — February 1, 2017 @ 8:01 am
GGI – secutor – typically a NR says the release date. GGI didn’t. Could be an oversight or did Secutor, who didn’t get wts, ask for release from a hold. Could be wrong, but I think there are numerous ways inst’s can get thru the rules that ‘investors’ have to abide by, with the exchanges permission and blessing. Without the selling thou, we would certainly be higher and if Steve is trying to nail down a PP, well, a lid at 14 isn’t helpful in the short term.
Comment by david — February 1, 2017 @ 8:20 am
Jon
Any input to question number 7 above from Johnz?
Comment by Greg — February 1, 2017 @ 8:37 am
Absolutely no comparison to Garland, Greg, none whatsoever…Garland was strictly a grassroots property with virtually no historical drilling, just a few limited holes that returned no massive sulphides…however, in that part of the country, not far from Voisey’s Bay, it’s considered to be in a favorable geological environment, and a major that did some exploration work saw some promise…still has potential but tons of work required…they did get some interesting conductors from VTEM but those conductors apparently weren’t massive sulphides…if there’s anything there, it’s probably very deep…Makela never made it out to be more than what it was, grassroots and a big swing for the fences…the situation with E&L is entirely different as our checklist shows…this is already a deposit (near surface)…massive sulphides proven…19 historical drill holes…incredible world class district…high tenors…the right mineral assemblage…a 1,500 foot adit…the Q magnetic anomaly…the massive gravity highs…the sulphur source!! Hazelton black shales…none of that at Garland…everyone has to understand, the E&L is an advanced exploration play and the oldtimers back in the 60’s found some joy but missed the biggest and juiciest part of it…how often has that happened in exploration history?…another interesting note…as prolific as this district is, no property has returned higher Copper grades from drilling than the E&L…that says a lot…
Comment by Jon - BMR — February 1, 2017 @ 8:45 am
Thanks Jon
on another note and Im not bashing GGI here just an observation as a long time GGI holder, it just always seems there is a reason this or that that holds GGI back as far as share price appreciation, the Sprott selling, Secutor selling and then again today Secutor comes up, which was my concern and I noted it here when GGI did the financing with Secutor in December, now they are apparently selling again and holding down the share price, once they are done, then what will it be?….. very very frustrating…
Comment by greg — February 1, 2017 @ 9:23 am
I would argue, Greg, that the Secutor thing is actually very positive and bullish—timing actually couldn’t be better…it’s helping crank up the volume and once that supply runs out, very quickly, pop goes the stock…followed by the 3D model…we’re not talking about a lot of paper…Regoci held them to only 1.3 million shares last December…rapidly dwindling with a majority of it now gone, and Secutor is setting itself up to profit on the run higher…to me, that’s a great scenario, and retail investors are getting a last chance opportunity to grab cheap paper…what could be better?…also, no selling in May after the official 4-month hold is off…I love it!
Comment by Jon - BMR — February 1, 2017 @ 9:40 am