Gold has traded between $1,236 and $1,251 so far today…as of 11:00 am Pacific, the yellow metal is up $1 an ounce at $1,249…Silver has added 12 cents to $18.41…Copper is up 2 pennies at $2.73 while Nickel has also edged slightly higher to $4.96…Crude Oil is flat at $53.90 while the U.S. Dollar Index has gained one-tenth of a point to 101.53…
If you’re a Gold bug, you should be rooting for another near-term rate hike – following the last 2 hikes, the only ones in more than a decade, Gold has pushed significantly higher…New York Fed President William Dudley, one of the most influential U.S. central bankers, yesterday said the case for tightening monetary policy had become “a lot more compelling”, while San Francisco Fed President John Williams said he saw “no need to delay” raising rates…Ma Yellen speaks on Friday – the market of course will be paying close attention…money market futures are now pricing in close to a 70% chance of a rise in official interest rates in March, compared with a little more than 30% Tuesday…
President Trump really knocked one out of the park last night – even CNN had to admit (grudgingly, no doubt) that he delivered a powerful first speech to Congress…Trump’s businesslike approach to government is going to be a major game-changer with potential reverberations across the globe…
Investors should note that the new President last night strongly reiterated his plans for a $1 trillion infrastructure program funded through private-public partnerships…that helped give base metals another boost this morning…with his pro-business and pro-mining agenda, Trump could prove to be a huge boon to the resource industry in North America…he’s also keen on trying to keep the U.S. dollar constrained which is bullish for the Venture and commodities in general…while he’s focused on finding savings in government, Trump made no mention last night of reigning in U.S. deficits and debt which he believes will eventually decline after economic growth really kicks in through a combination of tax cuts and regulatory rollbacks, among other measures…it’s an inflationary approach but one that should get the U.S. to a higher growth rate…
Silver Short-Term Chart
Near-term/short-term, we do expect Silver to test the $18.75 level as per John’s 6-month daily chart before a minor retracement sets in to unwind temporarily overbought conditions…strong support on any pullback exists between the rising 50-day moving average (SMA), currently $17.10, and the 200-day SMA at $18.00…
Silver’s long-term chart is phenomenal, suggesting a major (historic?) ramping up in the price sometime over the next year or two…
Interesting note from the other day…Silver has posted 9 straight weekly gains, its best weekly streak since May 2006…according to the independent and unaffiliated World Bureau of Metal Statistics, Silver has experienced its most significant supply drop since 1995…
In Today’s Morning Musings…
1. Why recent weakness in the Venture has been a classic “buy the dip” opportunity…
2. Engold Mines drills 27 m grading 1.76% Copper at Lac La Hache, 2nd rig mobilized to property…
3. The drone deal that could fly very high…
4. A “Ring of Fire” in the middle of the Eskay Heart of Gold Camp…
5. Daniel’s Den – the 1 technology stock I’d considering marrying if it proposed to me!…
Click here to receive, via email, BMR’s “Who’s Who” List of the Greater Cobalt Camp – the top dozen or so companies active in the district.
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What a crazy day for SJL, traded 74 million shares on all exchanges. Took some profit too early like I always do but not complaining. It shows that investors do have an appetite for risk right now if it’s a good story, the wind is not in our face like it has been the last few years.
Comment by Danny — March 1, 2017 @ 1:46 pm
While listening to Presidents Trumps speech last night, specifically his comments about cutting cost to reform health care made me think Teladoc (TDOC)! Imagine what one of his famous Tweets could do if he found out about this company.
Comment by Dan — March 1, 2017 @ 2:59 pm
Teladoc is the perfect stock for the Trump era in the health care sector, Dan.
Comment by Jon - BMR — March 1, 2017 @ 3:08 pm
I like the GGI checklist…what does the the GGI checklist have that the EQT checklist did not have a couple years ago? Thanks!
Comment by johnz — March 1, 2017 @ 3:26 pm
age of rocks. minerals, tenure, sulphides, just a few
Comment by dave — March 1, 2017 @ 6:17 pm
TDOC, why dont we all buy some and then you tweet him, lol
Comment by dave — March 1, 2017 @ 6:43 pm
Nice going Danny. Saw that article that equity guru put out, it does make some sense. time will tell, you know its going to correct soon, they all do on a run like that.
Comment by dave — March 1, 2017 @ 6:45 pm
Jon, any thoughts on how high SJL can go? 74 million in volume is impressive.
Comment by Danny — March 1, 2017 @ 7:27 pm
Zadar Arranges $2M Strategic Non-Brokered Private Placement
02 Mar 2017 04:42 ET
Marketwire Canada
VANCOUVER, BC–(Marketwired – March 01, 2017) – Zadar Ventures Ltd. (TSX VENTURE: ZAD) (OTCQB: ZADDF) (FRANKFURT: ZAV) (“Zadar” or the “Company”) is pleased to announce that the Company has arranged a $2,003,680 Non-Brokered Private Placement. The company will issue 20,036,800 million units at $0.10 per unit. Each unit will consist of one common share and one $0.20 share purchase warrant for a period of two years. The proceeds will be used for exploration on its lithium projects and general working capital.
All securities issued under the Offering are subject to a hold period of four months plus one day in accordance with applicable securities laws.
There is a finder’s fee payable within accordance with TSXV guidelines.
Zadar Ventures Ltd. is a resource company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favorable to mining and industry. The Company’s flagship Clayton Valley project is located directly adjacent to the Albemarle Silver Peak lithium project, which contains North Americas only producing lithium mine. For more information we invite you to visit the company’s website at http://www.zadarventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray President
Comment by STEVEN1 — March 1, 2017 @ 9:11 pm
These situations can often become “extreme overbought”, Danny, from a technical perspective, as we alluded to in the Tuesday evening chart…will be examining an updated chart from John in the am. I still see room on the upside, for technical and fundamental reasons.
Comment by Jon - BMR — March 1, 2017 @ 10:00 pm
When NRN reached a market cap of 60 mill last year it had the likes of Coffin pushing it. Remains to be seen if Mr. Coffin ever comes on board with GGI seems he never has anything good to say about the company.
Comment by Ginger or Mary Ann — March 2, 2017 @ 4:42 am
Thanks Jon, dave…it will be an interesting day for SJL, almost like a junior making a big discovery, hard to tell how far it will run. Never want to get too greedy.
Comment by Danny — March 2, 2017 @ 6:07 am
Many of the Voisey’s Bay experts love what they’re seeing at the E&L, Ginger/Mary Ann, and when Alan King participates in the modeling and allows his name to be used in a news release, that should tell you something. Ray Goldie, who wrote the book on Voisey’s Bay, without hesitation is calling the E&L the top Nickel sulphide prospect in the entire country. Location is everything – look how it’s centered in the very heart of one of the richest mineralized Camps in the world.
Comment by Jon - BMR — March 2, 2017 @ 6:58 am
Coffin called the last release a bit of a stretch and a bit misleading. Strange that he would say that given who GGI’s geos are, and then to have Allan King put his reputation out there.
Comment by Dan1 — March 2, 2017 @ 7:09 am
GGI – Maryann’s comment about HRA never having “anything good to say about the company” is about the company , not the properties. HRA liked Mexico, and he isn’t the only ‘geo’, to say Mexico is interesting. It comes down to follow thru on promises and to date, Steve has a been a little lax on that. Love the properties, have issues with da man
Comment by david — March 2, 2017 @ 7:13 am
GGI
Pretty amazing really that Coffin would have been promoting NRN last year and they had nothing compared to GGI, he must have been getting paid to promote them, GGI has some impressive people on board and a lot of historical data in one of the most mineralized areas on earth and he is questioning GGI’s NR? Sounds like sour grapes, everyone has an agenda…
Comment by greg — March 2, 2017 @ 10:09 am
Twerent just the last NR he has issues with. He says he could never get decent technical information from them. He said their geo was at PDAC last year and he didn’t even have maps of their Mexican projects. With regard to GGI he says to be “very careful”.
Hopefully Coffin is all wet and some of you will make enough money to buy your own island as I know where you can get a good one.
Comment by Ginger or Mary Ann — March 2, 2017 @ 10:52 am
Strange, Ginger…it really is time for a FACT CHECK…GGI wasn’t even at PDAC last year. They were there the year before (2015) and I remember that well as Craig Gibson, the geo, was at the booth the entire time, along with the Mexican operations manager – we did an interview with Gibson for BMR, and plenty of maps. I’m sensing some sour grapes here for some reason. Dr. Gibson, by the way, has a stellar reputation for the work and discoveries he has been associated with in Mexico for more than 2 decades – I’m sure he wouldn’t be impressed with those comments on a public forum. Very unfair, but that’s the world we live in today.
I’ll repeat the quote of geologist and mining analyst Dr. Raymond Goldie who wrote the book on Voisey’s Bay and said this as the reason he decided to become a GGI director: “The E&L is the best Nickel sulphide prospect in Canada.”
Comment by Jon - BMR — March 2, 2017 @ 11:03 am
Strange indeed. I personally think GGI will reach a much higher market cap in the days ahead but sure would be better if Coffin was with us instead of against.
Comment by Ginger or Mary Ann — March 2, 2017 @ 11:25 am
HRA + GGI – no grapes, just the wrong year. was the 2015 pdac.
Comment by david — March 2, 2017 @ 11:30 am
Well, if that’s the case, David, the statement is really bizarre. I was there in 2015. I have video of Gibson (and maps) for proof. This whole thing is kind of silly, and one wonders what the agenda may be. If HRA didn’t see all the maps they wanted to see, that’s one thing – but there were maps there, plenty. To suggest otherwise to investors and create a false impression is wrong. What a waste of time this is.
Comment by Jon - BMR — March 2, 2017 @ 11:32 am
Jon
maybe Regoci doesn’t return Coffin’s calls or gives him the info he thinks he should get because he is Coffin… like I said earlier everyone has an agenda
Comment by GREGH — March 2, 2017 @ 11:35 am
That very well could be, Gregh. Egos are always at play in this business.
Comment by Jon - BMR — March 2, 2017 @ 11:39 am
CSR now oversold at 0.17, watch for a quick snap back.
Comment by Jon - BMR — March 2, 2017 @ 12:35 pm
GGI – maps or no maps, it doesn’t matter. Regoci doesn’t use them. He appears to be a lifestyle CEO.
Comment by PaulH — March 2, 2017 @ 1:08 pm
Lifestyle CEO’S, of which there are many on the Venture, aren’t interested in exploration, PaulH, and they like doing dilutive financings to keep funding their cozy lifestyles. While Regoci is certainly not everyone’s favorite CEO and has frustrated investors at times, I’ll tell you this – he did a helluva job picking up the E&L asset and taking it to where it is now over a very short period. No reasonable person can deny that. He astutely acquired something overlooked at the bottom of the bear market and put shareholders in a position to cash in big. That’s not a lifestyle CEO. That’s hard work and some smarts.
Comment by Jon - BMR — March 2, 2017 @ 1:26 pm
Jon
do you think GGI is getting ready to do a financing thus the share price being driven down, really doesn’t make sense to see it down here considering all GGI has going right now…
your thoughts…
Comment by greg — March 2, 2017 @ 1:43 pm
Weakness in the overall markets today, Greg, I wouldn’t read more into things than that. At some point GGI will obviously pull the trigger – we don’t know exactly when.
Comment by Jon - BMR — March 2, 2017 @ 2:31 pm
Thanks Jon, hope you are right. I’m not convinced but he has been careful about dilution. Just hope these new directors are able to lean on him to get something done.
Comment by PaulH — March 2, 2017 @ 6:45 pm