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The Billion Dollar Class Action To Stop Naked Short Selling In Canada
AGORACOM IR
Mar 29, 2024
Naked Short Selling has cost Canadian junior mining companies $40 Billion - and that number balloons to over $500 Billion when you include all Canadian small cap companies - according to Terry Lynch.
Terry Lynch is the CEO of Power Nickel and the co-Founder of "Save Canadian Mining", the small cap stock advocacy group backed by industry giants such as Eric Sprott, Keith Neumayer, Robert McEwen and multiple sponsors who have worked tirelessly and given generously over the last 4 years to conduct research, create reports and meet with key government officials & regulatory bodies … for the singular purpose of putting an end to the devastating practice of illegal short selling in the Canadian small cap market.
BLACK FRIDAY
A few months back on Black Friday, the team behind Terry grew even bigger and better with the addition of Wes Christian and David Wenger to host a live webcast discussing the problem at greater depth, including new case law that opened the door to holding Broker-Dealers liable for failing to fulfill their "Gatekeeping Responsibilities" of monitoring client trading actions.
Over 1,500 small cap companies and industry participants were in attendance, further demonstrating the gravity of this potential existential threat to Canadian small caps.
GOOD FRIDAY
If that Black Friday webcast was the low point of frustration, anger and despair in the small cap world, today’s Good Friday video is the good news turnaround point (dare we say resurrection?) because Terry and his team have not only discovered the shocking mechanism to facilitate the firehose of naked short selling - but along with it the specific actions now required to be taken by the small cap industry to stop it, including a mass grassroots publicity campaign culminating in a Billion Dollar class action lawsuit.
POLITICIANS WILL GET WEEKS NOT MONTHS
Save Canadian Mining plans to present this new and final evidence to the Doug Ford administration in order to give them the opportunity to act. But when asked how much time SCM will wait for concrete action Lynch responded “Weeks Not Months”.
Lynch added “I want Doug Ford to be the hero. But they have to wake up because we are not waiting”
THE BILLION DOLLAR CLASS ACTION LAWSUIT
In the meantime, the march towards the Billion Dollar class action lawsuit has begun and will not stop. Lynch wouldn’t provide the names of specific targets for strategic reasons but he discusses why just 10 companies will be needed to begin the class action (3 are already confirmed) and how companies can contact him to round out the slate.
THE PLAN TO MOBILIZE OVER 1,000 SMALL CAPS AND THEIR INVESTORS
While the class action ramps up, we have put together a plan to mobilize over 1,000 small cap companies and their investors with collateral that has already been drafted and only requires company specific personalization including:
- Letter to shareholders
- Press release
- Social media posts for all platforms for companies AND shareholders
The goal? 100,000 posts
Thank you for now taking the time to watch this video and please be sure to share it with your networks across all of your social media platforms.
JUST STUFF.......
~*~Welcome to Mining & Metals GraveYard Shift~*~
Daily Dispatches
India's March gold imports to drop 90% as prices surge, sources tell Reuters
Submitted by admin on Thu, 2024-03-28 10:55 Section: Daily Dispatches
By Rajendra Jadhav
Reuters
Wednesday, March 27, 2024
MUMBAI -- India's gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest level since the COVID pandemic as banks cut imports after record-high prices hit demand, a government official and two bank dealers told Reuters.
Lower imports by India, the world's second biggest consumer of the precious metal, could limit a rally in global prices that hit a record high earlier this month on expectations that the Federal Reserve will cut interest rates this year.
The drop in imports could also help India narrow its trade deficit and support the rupee.
India's gold imports are likely to fall to 10 to 11 metric tons in March from 110 metric tons in February, said a government official, who declined to be named as he was not authorised to talk to the media. ...
... For the remainder of the report:
https://www.reuters.com/markets/commodities/indias-march-gold-imports-set-drop-90-prices-surge-sources-2024-03-2**************;
*******************************************
Jim Rickards: Why gold is the everything hedge
Submitted by admin on Wed, 2024-03-27 19:32 Section: Daily Dispatches
By James G. Rickards
The Daily Reckoning, Baltimore
Wednesday, March 27, 2024
Excerpted from his commentary tonight at The Daily Reckoning, "Gold Is the Everything Hedge":
https://dailyreckoning.com/goldilocks-is-gonna-get-it/
Gold prices are being driven higher by U.S. threats to steal $300 billion in U.S. Treasury securities from the Russian Federation. Those assets were legally purchased by the Central Bank of Russia as part of their reserve position.
The actual securities are held in custody in digital form at European banks, U.S. banks, and the Brussels-based Euroclear clearinghouse. Only about $20 billion of those Treasury securities are held by U.S. banks; the majority are held by Euroclear. Those assets were frozen by the United States at the outbreak of the war in Ukraine.
Freezing assets means the Russians cannot collect interest or sell or transfer the assets or pledge them as collateral. Asset freezes are used frequently by the United States, including in the cases of Iran, Syria, Cuba, North Korea, Venezuela, and other nations. Often the assets are frozen for years but ultimately released to the owner as happened in the case of Iran after 2012.
Now the U.S. wants to go further and actually seize the assets, which may be viewed as outright theft under international law. The U.S. proposes to use the $300 billion to finance the war in Ukraine. European entities have expressed considerable uncertainty about this plan but the U.S. has maintained the pressure and wants to complete the theft before the June and July summits of G7 leaders and NATO members.
If the U.S. steals these assets, Russia will likely confiscate an equivalent amount of industrial and commercial assets located in Russia and owned by German, French, and Italian interests among others.
The bottom line is that if U.S. Treasury securities are not a safe investment, then securities of Germany, Italy, France, the United Kingdom, and Japan are no better.
The only reserve asset free of this kind of digital theft is gold. Nations are beginning to diversify into gold in order to insulate themselves from digital confiscation by the collective West.
*****************************************************
Federal Reserve refuses to provide records of foreign gold holdings
Submitted by admin on Wed, 2024-03-27 15:41 Section: Daily Dispatches
By Ken Silva
Headline USA, Charlotte, North Carolina
Wednesday, March 27, 2024
Weeks after Federal Reserve Chairman Jerome Powell evaded a congressman's questions about the central bank's foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for records about such holdings.
The Federal Reserve's lack of transparency comes amid reports that countries are removing their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.
According to a 2023 Invesco survey, a "substantial percentage" of central banks expressed concern about how the U.S. and its allies froze nearly half of Russia’s $650 billion gold and forex reserves.
U.S. Rep. Alex Mooney, R-W.Va., asked Powell about the matter in a December letter, only to have the Fed chair respond last month with evasive non-answers, telling him that the Federal Reserve does not own gold but holds it as a custodian for other entities -- a fact that the congressman presumably already knew.
Following Powell's evasive response, Headline USA filed a FOIA request with the Fed for records reflecting how much gold the Federal Reserve Bank of New York currently holds in its vault, as well as records reflecting the ownership stake that each of FRBNY's central bank/government clients have in that gold. The FOIA request also sought records about the Fed's gold holdings prior to Russia's February 2022 invasion of Ukraine. ...
... For the remainder of the report:
https://headlineusa.com/federal-reserve-refuses-to-provide-records-of-foreign-gold-holdings/
*****************************
Secret national police report warns Canadians may revolt once they realize how broke they are
Submitted by admin on Wed, 2024-03-27 11:53 Section: Daily Dispatches
When Americans discover the same thing, their revolt may make Canada's seem like a tea party.
By Tristin Hopper
National Post, Toronto
Wednesday, March 20, 2024
A secret Royal Canadian Mounted Police report is warning the federal government that Canada may descend into civil unrest once citizens realize the hopelessness of their economic situation.
"The coming period of recession will ... accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations," reads the report, entitled "Whole-of-Government Five-Year Trends for Canada."
For example, many Canadians under 35 are unlikely ever to be able to buy a place to live," it adds.
The report, labelled secret, is intended as a piece of "special operational information" to be distributed only within the RCMP and among "decision makers" in the federal government. ...
... For the remainder of the report:
https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are
***************************************
Switch to gold standard could stabilize prices, Philly Fed researchers find
Submitted by admin on Tue, 2024-03-26 16:47 Section: Daily Dispatches
From Central Banking, London
Tuesday, March 26, 2024
Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find.
In their working paper, published in February, Jesus Fernandez-Villaverde and Daniel Sanches explore how the gold standard would operate as a monetary framework in a hypothetical small open economy.
They argue that the price level would consistently converge to its long-run equilibrium value. Inflation and deflation would be "merely temporary phenomena." ...
... For the remainder of the report:
https://www.centralbanking.com/central-banks/monetary-policy/7961027/switch-to-gold-standard-could-stabilise-prices-philadelphia-fed-research
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (APRIL), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
https://harveyorganblog.com/2024/03/28/march-28-blog-first-day-notice-for-both-the-gold-and-silver-april-contract-month-gold-in-record-territory-with-respect-to-all-currencies-gold-closed-up-26-30-to-2218-30-silver-closed-up-0-20-to/
JUST STUFF.......
~*~Welcome to Mining & Metals GraveYard Shift~*~
Daily Dispatches
India's March gold imports to drop 90% as prices surge, sources tell Reuters
Submitted by admin on Thu, 2024-03-28 10:55 Section: Daily Dispatches
By Rajendra Jadhav
Reuters
Wednesday, March 27, 2024
MUMBAI -- India's gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest level since the COVID pandemic as banks cut imports after record-high prices hit demand, a government official and two bank dealers told Reuters.
Lower imports by India, the world's second biggest consumer of the precious metal, could limit a rally in global prices that hit a record high earlier this month on expectations that the Federal Reserve will cut interest rates this year.
The drop in imports could also help India narrow its trade deficit and support the rupee.
India's gold imports are likely to fall to 10 to 11 metric tons in March from 110 metric tons in February, said a government official, who declined to be named as he was not authorised to talk to the media. ...
... For the remainder of the report:
https://www.reuters.com/markets/commodities/indias-march-gold-imports-set-drop-90-prices-surge-sources-2024-03-2**************;
*******************************************
Jim Rickards: Why gold is the everything hedge
Submitted by admin on Wed, 2024-03-27 19:32 Section: Daily Dispatches
By James G. Rickards
The Daily Reckoning, Baltimore
Wednesday, March 27, 2024
Excerpted from his commentary tonight at The Daily Reckoning, "Gold Is the Everything Hedge":
https://dailyreckoning.com/goldilocks-is-gonna-get-it/
Gold prices are being driven higher by U.S. threats to steal $300 billion in U.S. Treasury securities from the Russian Federation. Those assets were legally purchased by the Central Bank of Russia as part of their reserve position.
The actual securities are held in custody in digital form at European banks, U.S. banks, and the Brussels-based Euroclear clearinghouse. Only about $20 billion of those Treasury securities are held by U.S. banks; the majority are held by Euroclear. Those assets were frozen by the United States at the outbreak of the war in Ukraine.
Freezing assets means the Russians cannot collect interest or sell or transfer the assets or pledge them as collateral. Asset freezes are used frequently by the United States, including in the cases of Iran, Syria, Cuba, North Korea, Venezuela, and other nations. Often the assets are frozen for years but ultimately released to the owner as happened in the case of Iran after 2012.
Now the U.S. wants to go further and actually seize the assets, which may be viewed as outright theft under international law. The U.S. proposes to use the $300 billion to finance the war in Ukraine. European entities have expressed considerable uncertainty about this plan but the U.S. has maintained the pressure and wants to complete the theft before the June and July summits of G7 leaders and NATO members.
If the U.S. steals these assets, Russia will likely confiscate an equivalent amount of industrial and commercial assets located in Russia and owned by German, French, and Italian interests among others.
The bottom line is that if U.S. Treasury securities are not a safe investment, then securities of Germany, Italy, France, the United Kingdom, and Japan are no better.
The only reserve asset free of this kind of digital theft is gold. Nations are beginning to diversify into gold in order to insulate themselves from digital confiscation by the collective West.
*****************************************************
Federal Reserve refuses to provide records of foreign gold holdings
Submitted by admin on Wed, 2024-03-27 15:41 Section: Daily Dispatches
By Ken Silva
Headline USA, Charlotte, North Carolina
Wednesday, March 27, 2024
Weeks after Federal Reserve Chairman Jerome Powell evaded a congressman's questions about the central bank's foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for records about such holdings.
The Federal Reserve's lack of transparency comes amid reports that countries are removing their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.
According to a 2023 Invesco survey, a "substantial percentage" of central banks expressed concern about how the U.S. and its allies froze nearly half of Russia’s $650 billion gold and forex reserves.
U.S. Rep. Alex Mooney, R-W.Va., asked Powell about the matter in a December letter, only to have the Fed chair respond last month with evasive non-answers, telling him that the Federal Reserve does not own gold but holds it as a custodian for other entities -- a fact that the congressman presumably already knew.
Following Powell's evasive response, Headline USA filed a FOIA request with the Fed for records reflecting how much gold the Federal Reserve Bank of New York currently holds in its vault, as well as records reflecting the ownership stake that each of FRBNY's central bank/government clients have in that gold. The FOIA request also sought records about the Fed's gold holdings prior to Russia's February 2022 invasion of Ukraine. ...
... For the remainder of the report:
https://headlineusa.com/federal-reserve-refuses-to-provide-records-of-foreign-gold-holdings/
*****************************
Secret national police report warns Canadians may revolt once they realize how broke they are
Submitted by admin on Wed, 2024-03-27 11:53 Section: Daily Dispatches
When Americans discover the same thing, their revolt may make Canada's seem like a tea party.
By Tristin Hopper
National Post, Toronto
Wednesday, March 20, 2024
A secret Royal Canadian Mounted Police report is warning the federal government that Canada may descend into civil unrest once citizens realize the hopelessness of their economic situation.
"The coming period of recession will ... accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations," reads the report, entitled "Whole-of-Government Five-Year Trends for Canada."
For example, many Canadians under 35 are unlikely ever to be able to buy a place to live," it adds.
The report, labelled secret, is intended as a piece of "special operational information" to be distributed only within the RCMP and among "decision makers" in the federal government. ...
... For the remainder of the report:
https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are
***************************************
Switch to gold standard could stabilize prices, Philly Fed researchers find
Submitted by admin on Tue, 2024-03-26 16:47 Section: Daily Dispatches
From Central Banking, London
Tuesday, March 26, 2024
Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find.
In their working paper, published in February, Jesus Fernandez-Villaverde and Daniel Sanches explore how the gold standard would operate as a monetary framework in a hypothetical small open economy.
They argue that the price level would consistently converge to its long-run equilibrium value. Inflation and deflation would be "merely temporary phenomena." ...
... For the remainder of the report:
https://www.centralbanking.com/central-banks/monetary-policy/7961027/switch-to-gold-standard-could-stabilise-prices-philadelphia-fed-research
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (APRIL), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
https://harveyorganblog.com/2024/03/28/march-28-blog-first-day-notice-for-both-the-gold-and-silver-april-contract-month-gold-in-record-territory-with-respect-to-all-currencies-gold-closed-up-26-30-to-2218-30-silver-closed-up-0-20-to/
Thanks Tred Not everyone can do what we do 😃
Column: Funds stampede into copper as price breaks higher
Reuters | March 27, 2024 | 8:54 am Intelligence Markets China Europe Copper
with MMGYS Soundtrack
Check out the full read with charts here
https://www.mining.com/web/column-funds-stampede-into-copper-as-price-breaks-higher/
best to keep eyes on them copper cats !!!
Column: Funds stampede into copper as price breaks higher
Reuters | March 27, 2024 | 8:54 am Intelligence Markets China Europe Copper
with MMGYS Soundtrack
Check out the full read with charts here
https://www.mining.com/web/column-funds-stampede-into-copper-as-price-breaks-higher/
Column: Funds stampede into copper as price breaks higher
Reuters | March 27, 2024 | 8:54 am Intelligence Markets China Europe Copper
with MMGYS Soundtrack
Check out the full read with charts here
https://www.mining.com/web/column-funds-stampede-into-copper-as-price-breaks-higher/
Choosing Mining Stocks Through The Eyes Of The Beer-holder
MARKET MOVERS
COMPANY +CHANGE% LAST TRADE
Premier American Uranium 0.52 20.81 $2.99
Endeavour Mining 0.44 1.74 $25.71
Capstone Copper 0.23 2.89 $8.20
Dundee Precious Metals 0.23 2.34 $10.08
Gold Fields 0.22 1.45 $15.38
Cameco 0.20 0.35 $57.19
SSR Mining 0.19 3.51 $5.60
NovaGold Resources 0.19 5.49 $3.65
Awalé Resources 0.18 22.50 $0.98
Aura Minerals 0.16 1.68 $9.71
Jaguar Mining 0.16 7.02 $2.44
Eldorado Gold 0.16 0.87 $18.47
Artemis Gold 0.13 1.66 $7.98
Newmont 0.12 0.35 $34.04
Wesdome Gold Mines 0.12 1.26 $9.62
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Gabriel Resources 6,395,737 $0.01
The Metals Company 6,233,101 $1.35
Uranium Energy 4,349,136 $6.77
Anfield Energy 4,031,014 $0.09
Orecap Invest 3,773,983 $0.08
Kinross Gold 3,513,370 $7.73
Awalé Resources 3,158,705 $0.98
ATEX Resources 2,950,156 $1.46
B2Gold 2,747,109 $3.41
First Quantum Minerals 2,212,494 $13.32
OceanaGold 2,156,529 $2.90
NuLegacy Gold 2,125,000 $0.01
i-80 Gold 2,008,929 $1.71
Calibre Mining 1,953,650 $1.62
Goldsource Mines 1,658,496 $0.47
Choosing Mining Stocks Through The Eyes Of The Beer-holder
MARKET MOVERS
COMPANY +CHANGE% LAST TRADE
Premier American Uranium 0.52 20.81 $2.99
Endeavour Mining 0.44 1.74 $25.71
Capstone Copper 0.23 2.89 $8.20
Dundee Precious Metals 0.23 2.34 $10.08
Gold Fields 0.22 1.45 $15.38
Cameco 0.20 0.35 $57.19
SSR Mining 0.19 3.51 $5.60
NovaGold Resources 0.19 5.49 $3.65
Awalé Resources 0.18 22.50 $0.98
Aura Minerals 0.16 1.68 $9.71
Jaguar Mining 0.16 7.02 $2.44
Eldorado Gold 0.16 0.87 $18.47
Artemis Gold 0.13 1.66 $7.98
Newmont 0.12 0.35 $34.04
Wesdome Gold Mines 0.12 1.26 $9.62
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Gabriel Resources 6,395,737 $0.01
The Metals Company 6,233,101 $1.35
Uranium Energy 4,349,136 $6.77
Anfield Energy 4,031,014 $0.09
Orecap Invest 3,773,983 $0.08
Kinross Gold 3,513,370 $7.73
Awalé Resources 3,158,705 $0.98
ATEX Resources 2,950,156 $1.46
B2Gold 2,747,109 $3.41
First Quantum Minerals 2,212,494 $13.32
OceanaGold 2,156,529 $2.90
NuLegacy Gold 2,125,000 $0.01
i-80 Gold 2,008,929 $1.71
Calibre Mining 1,953,650 $1.62
Goldsource Mines 1,658,496 $0.47
Cocoa is more expensive than copper as it tops $9,000
Bloomberg News | March 25, 2024 | 5:44 am Markets Africa Copper
with MMGYS Soundtrack
Cocoa extended its surge — surpassing $9,000 a ton for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans.
Futures are up about 50% this month alone and have more than doubled already this year. Poor harvests on the back of bad weather and crop disease in West African growers, where most of the world’s cocoa is grown, and little sign of production relief elsewhere have left the industry in a bind.
The rally has sent prices toward $10,000 — a level that seemed unthinkable only a few months ago — and even made cocoa more expensive than bellwether industrial metal copper.
Cocoa’s advance will feed through into higher chocolate costs throughout the year. Easter eggs are already getting more expensive due to last year’s price jump, and some manufacturers are curbing bar sizes or promoting varieties with other ingredients to soften the blow.
Futures rose as much as 5.2% to $9,400 in New York. Prices have kept climbing despite a technical gauge being in overbought territory for much of the last couple of months. Cocoa in London also climbed.
“Chocolate may be even more expensive in Easter 2025, if cocoa-tree diseases and inclement weather prolong the deficit amid high sugar prices,” Bloomberg Intelligence analyst Diana Gomes said in a note on Friday.
While prices have soared, speculators have actually been pulling out of the market. Open interest — the number of outstanding contracts — has dropped from a peak in late January, and money managers cut their net-bullish wagers to a one-year low in the latest week. That suggests that physical buyers may have played a key role in the price rally.
There’s a risk the supply situation may worsen. Incoming European Union rules — aimed at stopping products that destroy forests from being sold in shops — may make it even harder for the bloc’s top chocolate makers to secure supplies.
Focus is now turning to West Africa’s upcoming mid-crop, the smaller of two annual harvests. Top grower Ivory Coast’s regulator expects that to shrink this season, Bloomberg reported earlier this month.
(By Megan Durisin)
https://www.mining.com/web/cocoa-is-more-expensive-than-copper-as-it-tops-9000/
Christina Aguilera - Candyman (Official Video)
Cocoa is more expensive than copper as it tops $9,000
Bloomberg News | March 25, 2024 | 5:44 am Markets Africa Copper
with MMGYS Soundtrack
Cocoa extended its surge — surpassing $9,000 a ton for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans.
Futures are up about 50% this month alone and have more than doubled already this year. Poor harvests on the back of bad weather and crop disease in West African growers, where most of the world’s cocoa is grown, and little sign of production relief elsewhere have left the industry in a bind.
The rally has sent prices toward $10,000 — a level that seemed unthinkable only a few months ago — and even made cocoa more expensive than bellwether industrial metal copper.
Cocoa’s advance will feed through into higher chocolate costs throughout the year. Easter eggs are already getting more expensive due to last year’s price jump, and some manufacturers are curbing bar sizes or promoting varieties with other ingredients to soften the blow.
Futures rose as much as 5.2% to $9,400 in New York. Prices have kept climbing despite a technical gauge being in overbought territory for much of the last couple of months. Cocoa in London also climbed.
“Chocolate may be even more expensive in Easter 2025, if cocoa-tree diseases and inclement weather prolong the deficit amid high sugar prices,” Bloomberg Intelligence analyst Diana Gomes said in a note on Friday.
While prices have soared, speculators have actually been pulling out of the market. Open interest — the number of outstanding contracts — has dropped from a peak in late January, and money managers cut their net-bullish wagers to a one-year low in the latest week. That suggests that physical buyers may have played a key role in the price rally.
There’s a risk the supply situation may worsen. Incoming European Union rules — aimed at stopping products that destroy forests from being sold in shops — may make it even harder for the bloc’s top chocolate makers to secure supplies.
Focus is now turning to West Africa’s upcoming mid-crop, the smaller of two annual harvests. Top grower Ivory Coast’s regulator expects that to shrink this season, Bloomberg reported earlier this month.
(By Megan Durisin)
https://www.mining.com/web/cocoa-is-more-expensive-than-copper-as-it-tops-9000/
Christina Aguilera - Candyman (Official Video)
Thanks Bob the video had some really good information and insights into the high grade hanging wall intercepts we're all interested in.
However it was one of the worst CEO interviews I've ever seen in my life !
Should have never been aired as a video IMO I mean nobody ever holds a hand held camera at themselves during a interview,The camera shaking all around and zoomed in on his face mainly plus whats with the missing front tooth WTH a dental flipper only costs around $750 or so.
Don't want to ever judge anybody but this was really bad
I suggest listening only.
I was embarrassed as a shareholder to be honest and now have new doubts about the CEO
“I Worked Hard and Got Lucky with Multiple Discoveries of Size While in My 30’s” explains Rick Rule
MiningStockEducation.com
Mar 18, 2024 #goldstocks #miningstocks #juniormining
“I worked hard and got lucky with multiple discoveries of size while in my 30’s” explains Rick Rule in this MSE episode. Rick offers both timely and timeless junior mining stock wisdom in this interview with Brian Leni.
“I Worked Hard and Got Lucky with Multiple Discoveries of Size While in My 30’s” explains Rick Rule
MiningStockEducation.com
Mar 18, 2024 #goldstocks #miningstocks #juniormining
“I worked hard and got lucky with multiple discoveries of size while in my 30’s” explains Rick Rule in this MSE episode. Rick offers both timely and timeless junior mining stock wisdom in this interview with Brian Leni.
Warning ! Doom loop for gold and silver sellers! - LFTV EP165
Mar 22, 2024
In this week’s episode of Live from the Vault, Andrew Maguire discusses how the resurgence of physically-driven demand from central banks and manufacturers have laid the groundwork for silver’s recent breakout rally.
The London whistleblower investigates how the Federal Reserve is injecting volatility into gold and Bitcoin ETFs, before looking closer at the mystery behind the COMEX’s impending “First Notice Day”.
Warning ! Doom loop for gold and silver sellers! - LFTV EP165
Mar 22, 2024
In this week’s episode of Live from the Vault, Andrew Maguire discusses how the resurgence of physically-driven demand from central banks and manufacturers have laid the groundwork for silver’s recent breakout rally.
The London whistleblower investigates how the Federal Reserve is injecting volatility into gold and Bitcoin ETFs, before looking closer at the mystery behind the COMEX’s impending “First Notice Day”.
Gold hits all-time high of $2,222.39 per ounce
Gold hits fifth record high in March on Fed rate-cut view
By Sherin Elizabeth Varghese
March 21, 20243:49 AM MSTUpdated 19 min ago
with MMGYS Soundtrack
Summary
March 21 (Reuters) - Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signalled it would press ahead with three rate cuts in 2024 despite elevated inflation.
Spot gold was up 1.1% at $2,209.65 per ounce at 1035 GMT after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures soared 2.4% to $2,212.40.
"The rally was started by yesterday's Federal Reserve comments, basically confirming their intention to eventually start cutting U.S. interest rates," said Julius Baer analyst Carsten Menke.
"The mood in the gold futures market is very bullish. So your hedge funds or any other short-term traders or trend followers are positioned for higher prices, and I think this is the segment that is in the driving seat while the physical gold market is rather soft."
Despite recent high inflation readings, Fed chair Jerome Powell said the U.S. central bank is still likely to reduce interest rates by three-quarters of a percentage point by the end of 2024, but that it also depends on further economic data.
Fed funds futures traders are now pricing in a 74% probability that the Fed will begin cutting rates in June, up from 60% before the rate decision, according to the CME Group's FedWatch Tool.
The dollar slipped to a one-week low against its rivals, while benchmark U.S. 10-year Treasury yields also dipped.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making greenback-priced bullion more appealing for other currency holders.
Spot gold may retest resistance at $2,222 per ounce, a break above which could lead to a gain into the $2,228-$2,234 range, according to Reuters' technical analyst Wang Tao.
Spot silver fell 0.4% to $25.51 per ounce, platinum rose 0.6% to $912.10 and palladium dropped 0.9% to $1,012.22.
https://www.reuters.com/markets/commodities/gold-sprints-record-high-fed-sticks-2024-rate-cut-view-2024-03-21/
This post dedicated to JW@KSC
Gold hits fifth record high in March on Fed rate-cut view
By Sherin Elizabeth Varghese
March 21, 20243:49 AM MSTUpdated 19 min ago
with MMGYS Soundtrack
Summary
March 21 (Reuters) - Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signalled it would press ahead with three rate cuts in 2024 despite elevated inflation.
Spot gold was up 1.1% at $2,209.65 per ounce at 1035 GMT after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures soared 2.4% to $2,212.40.
"The rally was started by yesterday's Federal Reserve comments, basically confirming their intention to eventually start cutting U.S. interest rates," said Julius Baer analyst Carsten Menke.
"The mood in the gold futures market is very bullish. So your hedge funds or any other short-term traders or trend followers are positioned for higher prices, and I think this is the segment that is in the driving seat while the physical gold market is rather soft."
Despite recent high inflation readings, Fed chair Jerome Powell said the U.S. central bank is still likely to reduce interest rates by three-quarters of a percentage point by the end of 2024, but that it also depends on further economic data.
Fed funds futures traders are now pricing in a 74% probability that the Fed will begin cutting rates in June, up from 60% before the rate decision, according to the CME Group's FedWatch Tool.
The dollar slipped to a one-week low against its rivals, while benchmark U.S. 10-year Treasury yields also dipped.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making greenback-priced bullion more appealing for other currency holders.
Spot gold may retest resistance at $2,222 per ounce, a break above which could lead to a gain into the $2,228-$2,234 range, according to Reuters' technical analyst Wang Tao.
Spot silver fell 0.4% to $25.51 per ounce, platinum rose 0.6% to $912.10 and palladium dropped 0.9% to $1,012.22.
https://www.reuters.com/markets/commodities/gold-sprints-record-high-fed-sticks-2024-rate-cut-view-2024-03-21/
This post dedicated to JW@KSC
Gold hits fifth record high in March on Fed rate-cut view
By Sherin Elizabeth Varghese
March 21, 20243:49 AM MSTUpdated 19 min ago
with MMGYS Soundtrack
Summary
March 21 (Reuters) - Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signalled it would press ahead with three rate cuts in 2024 despite elevated inflation.
Spot gold was up 1.1% at $2,209.65 per ounce at 1035 GMT after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures soared 2.4% to $2,212.40.
"The rally was started by yesterday's Federal Reserve comments, basically confirming their intention to eventually start cutting U.S. interest rates," said Julius Baer analyst Carsten Menke.
"The mood in the gold futures market is very bullish. So your hedge funds or any other short-term traders or trend followers are positioned for higher prices, and I think this is the segment that is in the driving seat while the physical gold market is rather soft."
Despite recent high inflation readings, Fed chair Jerome Powell said the U.S. central bank is still likely to reduce interest rates by three-quarters of a percentage point by the end of 2024, but that it also depends on further economic data.
Fed funds futures traders are now pricing in a 74% probability that the Fed will begin cutting rates in June, up from 60% before the rate decision, according to the CME Group's FedWatch Tool.
The dollar slipped to a one-week low against its rivals, while benchmark U.S. 10-year Treasury yields also dipped.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making greenback-priced bullion more appealing for other currency holders.
Spot gold may retest resistance at $2,222 per ounce, a break above which could lead to a gain into the $2,228-$2,234 range, according to Reuters' technical analyst Wang Tao.
Spot silver fell 0.4% to $25.51 per ounce, platinum rose 0.6% to $912.10 and palladium dropped 0.9% to $1,012.22.
https://www.reuters.com/markets/commodities/gold-sprints-record-high-fed-sticks-2024-rate-cut-view-2024-03-21/
This post dedicated to JW@KSC
The copper market has awoken from its year-long slumber
With MMGYS Soundtracks
Column: Raw materials squeeze jolts copper out of its torpor
Reuters | March 15, 2024 | 7:55 am Intelligence Markets China Copper
London Metal Exchange (LME) copper surged by 3.1% on Wednesday, breaking out of its long-standing range. The move extended on Thursday morning to an eleven-month high of $8,976.50 per metric ton.
The trigger for the price break-out is news that China’s copper smelters have agreed to curb output in response to a much tighter-than-expected raw materials market.
Spot treatment charges, which are the fees smelters earn for converting mined concentrates into metal, have collapsed in recent weeks as too many buyers chase too little material.
As the world’s largest buyer of concentrates, China is particularly exposed to the resulting squeeze on smelter margins.
China’s collective reaction has turned the market’s attention from weak global demand to copper’s stressed supply dynamics.
But to what extent it translates into less refined metal supply remains to be seen.
China’s imports of copper concentrates and scrap
Concentrates squeeze
Smelter treatment charges say a lot about what’s happening in the upstream segment of copper’s supply chain and right now they’re flashing red warning lights.
Spot charges in China tumbled to $11.20 per ton last week, a near 76% drop in just two months and the lowest level since 2013, according to price reporting agency Fastmarkets.
The implosion in processing fees speaks to an acute shortfall of concentrates in the spot market.
The unexpected closure of First Quantum’s Cobre Panama mine at the end of last year has blown a 350,000-ton hole in China’s copper supply chain.
Some Chinese producers are insulated by annual supply deals, which were priced at a benchmark treatment charge of $80 per ton for this year’s shipments.
Others, particularly newer operators, are more dependent on spot supply and have evidently been scrambling to buy replacement tonnage, chasing treatment charges down to unprofitable levels.
In January China’s Nonferrous Metals Industry Association (CNIA) advised, opens new tab the country’s copper smelters they needed “to bring maintenance ahead of schedule or extend the maintenance time, to cut production and to postpone the commencement of new projects.”
Which is what they agreed to do this week at a well-flagged meeting to discuss the unfolding crisis. The collective commitment to curb output is intended to safeguard the “healthy development of (the) global copper smelting industry”, according to state research company Antaike.
Too many smelters
There are no quotas for production cuts among the 19 Chinese operators at this week’s rare meeting. Rather, each producer will make their own assessment of what needs to be done.
In some cases the action has already likely been taken with maintenance downtime brought forward and unprofitable lines shuttered.
An average 11.5% of global smelting capacity was off-line in the first two months of this year, according to Earth-i, which uses satellite imagery to monitor plant activity rates. This is up from 8.6% last year and 8.0% in January-February 2022.
Tellingly, inactive capacity in top producer China averaged 8.3% this year, up from 4.8% last year, a much sharper jump than in the rest of the world.
Some Chinese producers, it seems, either voluntarily heeded the CNIA’s January call for sector restraint or were forced to by market reality.
Moreover, any promised curbs to output must be seen in the context of China’s rapid build-out of copper smelting capacity.
Treatment charges reflect not just the state of mine supply but also the volume of smelter demand.
China started up 780,000 tons of annual smelter capacity last year with another net 150,000 tons due this year, according to analysts at Macquarie Bank. (“Commodities Comment,” Jan. 16, 2024)
Macquarie estimates another two million tonnes of new or expanded capacity is also due to ramp up outside of China this year, increasing the pressure on concentrates availability.
Freeport McMoRan’s new Indonesian smelter, for example, will at full capacity soak up 1.7 million tons of concentrates, material that until now has been available for export.
The dramatic collapse in processing fees is as much a function of this new call on raw materials as it is of mine supply problems.
Sentiment shifts
China’s production restraint may slow but is unlikely to reverse the country’s recent rapid output growth.
The country’s production of refined copper jumped by an eye-watering 13.5% year-on-year to 12.99 million tons in 2023, according to the National Bureau of Statistics.
And while analysts have adjusted their market balance estimates to factor in recent mine losses, most still think the refined market will be in supply surplus this year, albeit to a smaller extent than previously thought.
But market sentiment has palpably shifted.
The weak state of global manufacturing activity, not least in China, has kept copper locked in a sideways trading range for much of the last year.
Macro drivers, particularly interest rate expectations, have dominated the choppy price action.
The concentrates squeeze has refocused attention on copper’s micro dynamics of stretched supply and chronic under-investment in new mines.
Copper’s bull narrative has just been reactivated, even if China’s collective commitment to curb output may promise more than it delivers.
(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.)
(Editing by Sharon Singleton)
https://www.mining.com/web/column-raw-materials-squeeze-jolts-copper-out-of-its-torpor/
The copper market has awoken from its year-long slumber
With MMGYS Soundtracks
Column: Raw materials squeeze jolts copper out of its torpor
Reuters | March 15, 2024 | 7:55 am Intelligence Markets China Copper
London Metal Exchange (LME) copper surged by 3.1% on Wednesday, breaking out of its long-standing range. The move extended on Thursday morning to an eleven-month high of $8,976.50 per metric ton.
The trigger for the price break-out is news that China’s copper smelters have agreed to curb output in response to a much tighter-than-expected raw materials market.
Spot treatment charges, which are the fees smelters earn for converting mined concentrates into metal, have collapsed in recent weeks as too many buyers chase too little material.
As the world’s largest buyer of concentrates, China is particularly exposed to the resulting squeeze on smelter margins.
China’s collective reaction has turned the market’s attention from weak global demand to copper’s stressed supply dynamics.
But to what extent it translates into less refined metal supply remains to be seen.
China’s imports of copper concentrates and scrap
Concentrates squeeze
Smelter treatment charges say a lot about what’s happening in the upstream segment of copper’s supply chain and right now they’re flashing red warning lights.
Spot charges in China tumbled to $11.20 per ton last week, a near 76% drop in just two months and the lowest level since 2013, according to price reporting agency Fastmarkets.
The implosion in processing fees speaks to an acute shortfall of concentrates in the spot market.
The unexpected closure of First Quantum’s Cobre Panama mine at the end of last year has blown a 350,000-ton hole in China’s copper supply chain.
Some Chinese producers are insulated by annual supply deals, which were priced at a benchmark treatment charge of $80 per ton for this year’s shipments.
Others, particularly newer operators, are more dependent on spot supply and have evidently been scrambling to buy replacement tonnage, chasing treatment charges down to unprofitable levels.
In January China’s Nonferrous Metals Industry Association (CNIA) advised, opens new tab the country’s copper smelters they needed “to bring maintenance ahead of schedule or extend the maintenance time, to cut production and to postpone the commencement of new projects.”
Which is what they agreed to do this week at a well-flagged meeting to discuss the unfolding crisis. The collective commitment to curb output is intended to safeguard the “healthy development of (the) global copper smelting industry”, according to state research company Antaike.
Too many smelters
There are no quotas for production cuts among the 19 Chinese operators at this week’s rare meeting. Rather, each producer will make their own assessment of what needs to be done.
In some cases the action has already likely been taken with maintenance downtime brought forward and unprofitable lines shuttered.
An average 11.5% of global smelting capacity was off-line in the first two months of this year, according to Earth-i, which uses satellite imagery to monitor plant activity rates. This is up from 8.6% last year and 8.0% in January-February 2022.
Tellingly, inactive capacity in top producer China averaged 8.3% this year, up from 4.8% last year, a much sharper jump than in the rest of the world.
Some Chinese producers, it seems, either voluntarily heeded the CNIA’s January call for sector restraint or were forced to by market reality.
Moreover, any promised curbs to output must be seen in the context of China’s rapid build-out of copper smelting capacity.
Treatment charges reflect not just the state of mine supply but also the volume of smelter demand.
China started up 780,000 tons of annual smelter capacity last year with another net 150,000 tons due this year, according to analysts at Macquarie Bank. (“Commodities Comment,” Jan. 16, 2024)
Macquarie estimates another two million tonnes of new or expanded capacity is also due to ramp up outside of China this year, increasing the pressure on concentrates availability.
Freeport McMoRan’s new Indonesian smelter, for example, will at full capacity soak up 1.7 million tons of concentrates, material that until now has been available for export.
The dramatic collapse in processing fees is as much a function of this new call on raw materials as it is of mine supply problems.
Sentiment shifts
China’s production restraint may slow but is unlikely to reverse the country’s recent rapid output growth.
The country’s production of refined copper jumped by an eye-watering 13.5% year-on-year to 12.99 million tons in 2023, according to the National Bureau of Statistics.
And while analysts have adjusted their market balance estimates to factor in recent mine losses, most still think the refined market will be in supply surplus this year, albeit to a smaller extent than previously thought.
But market sentiment has palpably shifted.
The weak state of global manufacturing activity, not least in China, has kept copper locked in a sideways trading range for much of the last year.
Macro drivers, particularly interest rate expectations, have dominated the choppy price action.
The concentrates squeeze has refocused attention on copper’s micro dynamics of stretched supply and chronic under-investment in new mines.
Copper’s bull narrative has just been reactivated, even if China’s collective commitment to curb output may promise more than it delivers.
(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.)
(Editing by Sharon Singleton)
https://www.mining.com/web/column-raw-materials-squeeze-jolts-copper-out-of-its-torpor/
Rick Rule: Gold Stock Bull Market Building; Now Watching Silver, PGMs, Nickel
Investing News
25,710 views Mar 12, 2024 #Gold #Silver #Investing
We recommend clicking "CC" to turn on subtitles for this video.
Veteran resource investor and speculator Rick Rule of @RuleInvestmentMedia shares his latest thoughts on the mining sector, honing in on gold stocks, as well as the opportunity he sees in the silver, platinum, palladium and nickel markets.
"The intelligent application of capital in a bad market is always square one for building a bull market. I feel over a five year timeframe very attracted not to the gold-mining sector, which I think is a disaster ... but to some of the high-quality companies," he said.
This interview was filmed on March 4, 2024.
#Investing #Gold #Silver
Invest in Mining Sociopaths if You Want To Win says Analyst Joe Mazumdar
MiningStockEducation.com
Mar 14, 2024 #miningstocks #resourceinvesting #juniormining
Joe Mazumdar of Exploration Insights explains why you must invest in mining sociopaths if you want to win. He also reveals insights from when he managed Newmont’s billion-dollar junior mining portfolio. Joe also shares where he is seeing value in the mining sector and offers one stock pick.
Joe Mazumdar is co-editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company.
Keith Neumeyer - Silver Deficits Running Hard
Premiered 2 hours ago
Patrick Vierra from SBTV spoke with First Majestic Corp. CEO Keith Neumeyer. Keith tells us the silver specifics from the point of view coming from the mines. Keith's first hand view and knowledge is full of good info, good info that a silver investor or in general a precious metals investor needs to know. Watch it all here.
$AG
Keith Neumeyer - Silver Deficits Running Hard
Premiered 2 hours ago
Patrick Vierra from SBTV spoke with First Majestic Corp. CEO Keith Neumeyer. Keith tells us the silver specifics from the point of view coming from the mines. Keith's first hand view and knowledge is full of good info, good info that a silver investor or in general a precious metals investor needs to know. Watch it all here.
$AG
Precious & base metals supply crunch coming
Gold & Silver supply shortage imminent? Feat. Rob Kientz - LFTV Ep 164
Mar 15, 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Rob Kientz of GoldSilverPros, who reveals the trade secrets he just picked up at a major industry event in Canada.
The precious metals experts discuss how a gold and silver supply shortage may coincide with an economic downturn and how investors can prepare for coming challenges by switching to sound money.
Check out Rob: https://www.youtube.com/c/GoldSilverPros
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
Gold & Silver supply shortage imminent? Feat. Rob Kientz - LFTV Ep 164
Mar 15, 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Rob Kientz of GoldSilverPros, who reveals the trade secrets he just picked up at a major industry event in Canada.
The precious metals experts discuss how a gold and silver supply shortage may coincide with an economic downturn and how investors can prepare for coming challenges by switching to sound money.
Check out Rob: https://www.youtube.com/c/GoldSilverPros
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
Gold & Silver supply shortage imminent? Feat. Rob Kientz - LFTV Ep 164
Mar 15, 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Rob Kientz of GoldSilverPros, who reveals the trade secrets he just picked up at a major industry event in Canada.
The precious metals experts discuss how a gold and silver supply shortage may coincide with an economic downturn and how investors can prepare for coming challenges by switching to sound money.
Check out Rob: https://www.youtube.com/c/GoldSilverPros
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
MUX on Fire !!!
$MUX 7 Month High So Hot I Think I'm Going To Burst Into Flames !!!!!
I told myself I wasn't going to play any Robin Williams or Wolfman Jack videos until $MUX broke over $10.00
OK But Just this once.........
Go $MUX.......
.....Go Green...........
Go McEwen Copper...........
$MUX 7 Month High So Hot I Think I'm Going To Burst Into Flames !!!!!
I told myself I wasn't going to play any Robin Williams or Wolfman Jack videos until $MUX broke over $10.00
OK But Just this once.........
Go $MUX.......
.....Go Green...........
Go McEwen Copper...........
$MUX 7 Month High So Hot I Think I'm Going To Burst Into Flames !!!!!
I told myself I wasn't going to play any Robin Williams or Wolfman Jack videos until $MUX broke over $10.00
OK But Just this once.........
Go $MUX.......
.....Go Green...........
Go McEwen Copper...........
$MUX CU Copper prices soared on Wednesday to their highest in seven months
Copper price soars to 7-month high on China’s plans to cut output
Staff Writer | March 13, 2024 | 9:29 am Markets China Copper
with MMGYS Soundtrack
China copper smelters raise Q4 treatment charge floor ahead of miner talks
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
Benchmark three-month copper on the London Metal Exchange (LME) touched $8,799 a metric ton, the highest since Aug. 1, 2023. It last traded 1.6% up at $8,790 as at 1055 GMT.
Copper for delivery in May rose on the Comex market in New York, touching $4.06 per pound ($8,932 per tonne), up 3.3% compared to Tuesday’s closing.
The rise started on the Shanghai Futures Exchange (SHFE), where copper reached a two-year high of 70,460 yuan ($9,796) per ton.
China’s biggest copper smelters met in Beijing on Wednesday, agreeing on a symbolic cut in loss-making production, without specifying volumes and timing.
“It’s a knee-jerk response to rush in. Interest spiked on SHFE right after the announcement of China’s production cut,” a trader said. “Who will admit they are the first to turn unprofitable?”
Shortages have led to intensifying competition for mined copper concentrates, causing a sharp fall in income for smelters to decade-low levels.
“But it’s important to note that there are around 1.7 million tons per year new ex-China smelter projects that are expected to come online in the second half, which will put more pressure on global concentrate supply,” said Brian Peng, a copper analyst of consultancy CRU.
More global copper smelters were not operating in the first two months of the year than in the same period last year, mainly because of Chinese inactivity, data from satellite surveillance of metal processing plants showed.
However, higher copper prices could further dampen demand in top consumer China, as can be seen in inventories.
Copper inventory in warehouses monitored by SHFE rose steeply to 239,245 tonnes as at March 8 from 30,905 tonnes in the beginning of the year.
Clarity on demand prospects could be provided by China’s loan data due this week, including total social financing numbers, a gauge of future metals consumption.
(With files from Reuters)
https://www.mining.com/copper-price-soars-to-7-month-high-on-chinese-plans-to-cut-output/
Copperline - James Taylor
Copperline was released on the 1991 album "New Moon Shine". During the late 1980s, he had began touring regularly, especially on the summer amphitheater circuit. His later concerts featured songs from throughout his career.
Taylor had thoughts of retiring by the time he played the massive Rock in Rio festival in Rio de Janeiro in January 1985. He was encouraged by the nascent democracy in Brazil at the time, buoyed by the positive reception he got from the large crowd and other musicians, and musically energized by the sounds and nature of Brazilian music. Lyrics follow:
Even the old folks never knew
Why they call it like they do
I was wondering since the age of two
Down on copperline
Copper head, copper beech
Copper kettles sitting side by each
Copper coil, cup o'georgia peach
Down on copperline
Half a mile down to morgan creek
Leaning heavy on the end of the week
Hercules and a hog-nosed snake
Down on copperline
We were down on copperline.
One summer night on the copperline
Slip away past supper time
Wood smoke and moonshine
Down on copperline
One time I saw my daddy dance
Watched him moving like a man in a trance
He brought it back from the war in france
Down onto copperline
Branch water and tomato wine
Creosote and turpentine
Sour mash and new moon shine
Down on copperline
Down on copperline.
First kiss ever I took
Like a page from a romance book
The sky opened and the earth shook
Down on copperline
Down on copperline
Took a fall from a windy height
I only knew how to hold on tight
And pray for love enough to last all night
Down on copperline
Day breaks and the boys wakes up
And the dog barks and the birds sings
And the sap rises and the angels sigh, yeah.
I tried to go back, as if I could
All spec house and plywood
Tore up and tore up good
Down on copperline
It doesn't come as a surprise to me
It doesn't touch my memory
Man I'm lifting up and rising free
Down on over copperline
Half a mile down to morgan creek
I'm only living for the end of the week
Hercules and a hog-nosed snake
Down on copperline, yeah
Take me down on copperline
Oh, down on copperline
Take me down on copperline.
Copper price soars to 7-month high on China’s plans to cut output
Staff Writer | March 13, 2024 | 9:29 am Markets China Copper
with MMGYS Soundtrack
China copper smelters raise Q4 treatment charge floor ahead of miner talks
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
Benchmark three-month copper on the London Metal Exchange (LME) touched $8,799 a metric ton, the highest since Aug. 1, 2023. It last traded 1.6% up at $8,790 as at 1055 GMT.
Copper for delivery in May rose on the Comex market in New York, touching $4.06 per pound ($8,932 per tonne), up 3.3% compared to Tuesday’s closing.
The rise started on the Shanghai Futures Exchange (SHFE), where copper reached a two-year high of 70,460 yuan ($9,796) per ton.
China’s biggest copper smelters met in Beijing on Wednesday, agreeing on a symbolic cut in loss-making production, without specifying volumes and timing.
“It’s a knee-jerk response to rush in. Interest spiked on SHFE right after the announcement of China’s production cut,” a trader said. “Who will admit they are the first to turn unprofitable?”
Shortages have led to intensifying competition for mined copper concentrates, causing a sharp fall in income for smelters to decade-low levels.
“But it’s important to note that there are around 1.7 million tons per year new ex-China smelter projects that are expected to come online in the second half, which will put more pressure on global concentrate supply,” said Brian Peng, a copper analyst of consultancy CRU.
More global copper smelters were not operating in the first two months of the year than in the same period last year, mainly because of Chinese inactivity, data from satellite surveillance of metal processing plants showed.
However, higher copper prices could further dampen demand in top consumer China, as can be seen in inventories.
Copper inventory in warehouses monitored by SHFE rose steeply to 239,245 tonnes as at March 8 from 30,905 tonnes in the beginning of the year.
Clarity on demand prospects could be provided by China’s loan data due this week, including total social financing numbers, a gauge of future metals consumption.
(With files from Reuters)
https://www.mining.com/copper-price-soars-to-7-month-high-on-chinese-plans-to-cut-output/
Copperline - James Taylor
Copperline was released on the 1991 album "New Moon Shine". During the late 1980s, he had began touring regularly, especially on the summer amphitheater circuit. His later concerts featured songs from throughout his career.
Taylor had thoughts of retiring by the time he played the massive Rock in Rio festival in Rio de Janeiro in January 1985. He was encouraged by the nascent democracy in Brazil at the time, buoyed by the positive reception he got from the large crowd and other musicians, and musically energized by the sounds and nature of Brazilian music. Lyrics follow:
Even the old folks never knew
Why they call it like they do
I was wondering since the age of two
Down on copperline
Copper head, copper beech
Copper kettles sitting side by each
Copper coil, cup o'georgia peach
Down on copperline
Half a mile down to morgan creek
Leaning heavy on the end of the week
Hercules and a hog-nosed snake
Down on copperline
We were down on copperline.
One summer night on the copperline
Slip away past supper time
Wood smoke and moonshine
Down on copperline
One time I saw my daddy dance
Watched him moving like a man in a trance
He brought it back from the war in france
Down onto copperline
Branch water and tomato wine
Creosote and turpentine
Sour mash and new moon shine
Down on copperline
Down on copperline.
First kiss ever I took
Like a page from a romance book
The sky opened and the earth shook
Down on copperline
Down on copperline
Took a fall from a windy height
I only knew how to hold on tight
And pray for love enough to last all night
Down on copperline
Day breaks and the boys wakes up
And the dog barks and the birds sings
And the sap rises and the angels sigh, yeah.
I tried to go back, as if I could
All spec house and plywood
Tore up and tore up good
Down on copperline
It doesn't come as a surprise to me
It doesn't touch my memory
Man I'm lifting up and rising free
Down on over copperline
Half a mile down to morgan creek
I'm only living for the end of the week
Hercules and a hog-nosed snake
Down on copperline, yeah
Take me down on copperline
Oh, down on copperline
Take me down on copperline.
Copper price soars to 7-month high on China’s plans to cut output
Staff Writer | March 13, 2024 | 9:29 am Markets China Copper
with MMGYS Soundtrack
China copper smelters raise Q4 treatment charge floor ahead of miner talks
Stock image.
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
Benchmark three-month copper on the London Metal Exchange (LME) touched $8,799 a metric ton, the highest since Aug. 1, 2023. It last traded 1.6% up at $8,790 as at 1055 GMT.
Copper for delivery in May rose on the Comex market in New York, touching $4.06 per pound ($8,932 per tonne), up 3.3% compared to Tuesday’s closing.
The rise started on the Shanghai Futures Exchange (SHFE), where copper reached a two-year high of 70,460 yuan ($9,796) per ton.
China’s biggest copper smelters met in Beijing on Wednesday, agreeing on a symbolic cut in loss-making production, without specifying volumes and timing.
“It’s a knee-jerk response to rush in. Interest spiked on SHFE right after the announcement of China’s production cut,” a trader said. “Who will admit they are the first to turn unprofitable?”
Shortages have led to intensifying competition for mined copper concentrates, causing a sharp fall in income for smelters to decade-low levels.
“But it’s important to note that there are around 1.7 million tons per year new ex-China smelter projects that are expected to come online in the second half, which will put more pressure on global concentrate supply,” said Brian Peng, a copper analyst of consultancy CRU.
More global copper smelters were not operating in the first two months of the year than in the same period last year, mainly because of Chinese inactivity, data from satellite surveillance of metal processing plants showed.
However, higher copper prices could further dampen demand in top consumer China, as can be seen in inventories.
Copper inventory in warehouses monitored by SHFE rose steeply to 239,245 tonnes as at March 8 from 30,905 tonnes in the beginning of the year.
Clarity on demand prospects could be provided by China’s loan data due this week, including total social financing numbers, a gauge of future metals consumption.
(With files from Reuters)
https://www.mining.com/copper-price-soars-to-7-month-high-on-chinese-plans-to-cut-output/
Copperline - James Taylor
Copperline was released on the 1991 album "New Moon Shine". During the late 1980s, he had began touring regularly, especially on the summer amphitheater circuit. His later concerts featured songs from throughout his career.
Taylor had thoughts of retiring by the time he played the massive Rock in Rio festival in Rio de Janeiro in January 1985. He was encouraged by the nascent democracy in Brazil at the time, buoyed by the positive reception he got from the large crowd and other musicians, and musically energized by the sounds and nature of Brazilian music. Lyrics follow:
Even the old folks never knew
Why they call it like they do
I was wondering since the age of two
Down on copperline
Copper head, copper beech
Copper kettles sitting side by each
Copper coil, cup o'georgia peach
Down on copperline
Half a mile down to morgan creek
Leaning heavy on the end of the week
Hercules and a hog-nosed snake
Down on copperline
We were down on copperline.
One summer night on the copperline
Slip away past supper time
Wood smoke and moonshine
Down on copperline
One time I saw my daddy dance
Watched him moving like a man in a trance
He brought it back from the war in france
Down onto copperline
Branch water and tomato wine
Creosote and turpentine
Sour mash and new moon shine
Down on copperline
Down on copperline.
First kiss ever I took
Like a page from a romance book
The sky opened and the earth shook
Down on copperline
Down on copperline
Took a fall from a windy height
I only knew how to hold on tight
And pray for love enough to last all night
Down on copperline
Day breaks and the boys wakes up
And the dog barks and the birds sings
And the sap rises and the angels sigh, yeah.
I tried to go back, as if I could
All spec house and plywood
Tore up and tore up good
Down on copperline
It doesn't come as a surprise to me
It doesn't touch my memory
Man I'm lifting up and rising free
Down on over copperline
Half a mile down to morgan creek
I'm only living for the end of the week
Hercules and a hog-nosed snake
Down on copperline, yeah
Take me down on copperline
Oh, down on copperline
Take me down on copperline.
Choosing Mining Stocks Through The Eyes Of The Beer-holder
MARKET MOVERS
COMPANY +CHANGE% LAST TRADE
Franco-Nevada 4.13 2.73 $155.22
Contango ORE 1.29 6.62 $20.79
Royal Gold 1.03 0.92 $112.75
Wheaton Precious Metals 0.79 1.33 $60.34
Agnico Eagle Mines 0.48 0.66 $73.56
Osisko Gold Royalties 0.43 2.01 $21.81
First Quantum Minerals 0.35 2.70 $13.30
Triple Flag Precious Metals 0.33 1.83 $18.36
Aris Mining 0.28 6.56 $4.55
AngloGold Ashanti 0.23 1.04 $22.36
U.S. Gold 0.20 5.71 $3.70
enCore Energy 0.18 3.44 $5.41
Taseko Mines 0.16 7.34 $2.34
Equinox Gold 0.15 2.43 $6.33
China Gold Resources 0.14 1.98 $7.20
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Uranium Energy 7,228,127 $6.39
Big Gold 4,391,730 $0.04
B2Gold 3,499,649 $3.56
Newfoundland Discovery 3,489,750 $0.02
NexGen Energy 3,370,881 $9.90
Denison Mines 3,116,052 $2.48
New Gold 2,692,928 $2.03
Kinross Gold 2,663,701 $7.25
Gold Mountain Mining 2,505,484 $0.01
Agnico Eagle Mines 2,403,634 $73.56
First Quantum Minerals 2,269,296 $13.30
Euromax Resources 2,264,763 $0.03
Wesdome Gold Mines 2,130,701 $10.06
Argonaut Gold 1,995,545 $0.28
Choosing Mining Stocks Through The Eyes Of The Beer-holder
MARKET MOVERS
COMPANY +CHANGE% LAST TRADE
Franco-Nevada 4.13 2.73 $155.22
Contango ORE 1.29 6.62 $20.79
Royal Gold 1.03 0.92 $112.75
Wheaton Precious Metals 0.79 1.33 $60.34
Agnico Eagle Mines 0.48 0.66 $73.56
Osisko Gold Royalties 0.43 2.01 $21.81
First Quantum Minerals 0.35 2.70 $13.30
Triple Flag Precious Metals 0.33 1.83 $18.36
Aris Mining 0.28 6.56 $4.55
AngloGold Ashanti 0.23 1.04 $22.36
U.S. Gold 0.20 5.71 $3.70
enCore Energy 0.18 3.44 $5.41
Taseko Mines 0.16 7.34 $2.34
Equinox Gold 0.15 2.43 $6.33
China Gold Resources 0.14 1.98 $7.20
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Uranium Energy 7,228,127 $6.39
Big Gold 4,391,730 $0.04
B2Gold 3,499,649 $3.56
Newfoundland Discovery 3,489,750 $0.02
NexGen Energy 3,370,881 $9.90
Denison Mines 3,116,052 $2.48
New Gold 2,692,928 $2.03
Kinross Gold 2,663,701 $7.25
Gold Mountain Mining 2,505,484 $0.01
Agnico Eagle Mines 2,403,634 $73.56
First Quantum Minerals 2,269,296 $13.30
Euromax Resources 2,264,763 $0.03
Wesdome Gold Mines 2,130,701 $10.06
Argonaut Gold 1,995,545 $0.28
Comex nears gold and silver defaults, London trader Maguire says
Submitted by admin on Fri, 2024-03-08 13:50 Section: Daily Dispatches
1:51p ET Friday, March 8, 2024
Dear Friend of GATA and Gold (and Silver):
The New York Commodities Exchange is in danger of defaulting on its gold and silver contracts as demand for delivery of metal increasingly is directed there, London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money.
Short futures positions in the metals, Maguire says, are being destroyed by their excessive leverage amid central bank demand for gold and the realization that silver is grossly underpriced compared to gold.
The interview is 49 minutes long and can be viewed at YouTube here:
See Next Post #44326
Comex nears gold and silver defaults, London trader Maguire says
Submitted by admin on Fri, 2024-03-08 13:50 Section: Daily Dispatches
1:51p ET Friday, March 8, 2024
Dear Friend of GATA and Gold (and Silver):
The New York Commodities Exchange is in danger of defaulting on its gold and silver contracts as demand for delivery of metal increasingly is directed there, London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money.
Short futures positions in the metals, Maguire says, are being destroyed by their excessive leverage amid central bank demand for gold and the realization that silver is grossly underpriced compared to gold.
The interview is 49 minutes long and can be viewed at YouTube here:
See Next Post #6428
Physical silver buyers gatecrash COMEX vaults - LFTV Ep 163
Mar 8, 2024
In this week’s episode of Live from the Vault, Andrew Maguire brings an in-depth analysis of the recent price movements in both gold and silver, before diving deep into the increasingly depolarised silver market to expose its vulnerabilities.
The London whistleblower takes listeners through the current bullish setup backed by a thorough analysis that highlights silver’s undervaluation and pervasive manipulation, before closing with an update on the BRICS currency.
Physical silver buyers gatecrash COMEX vaults - LFTV Ep 163
Mar 8, 2024
In this week’s episode of Live from the Vault, Andrew Maguire brings an in-depth analysis of the recent price movements in both gold and silver, before diving deep into the increasingly depolarised silver market to expose its vulnerabilities.
The London whistleblower takes listeners through the current bullish setup backed by a thorough analysis that highlights silver’s undervaluation and pervasive manipulation, before closing with an update on the BRICS currency.
Junior Gold Stock Bottom or More Pain Coming? with Pro Mining Investors Brian Leni and David Erfle
MiningStockEducation.com
36.3K subscribers
Mar 8, 2024 #goldstocks #goldinvesting #miningstocks
Professional junior mining investors Brian Leni and David Erfle discuss whether we have seen a junior gold stock bottom or if there is more pain coming. They also chat about the current junior gold stock sector and the recent BMO and PDAC mining conferences and offer insights into how they are perceiving the market. Bill Powers facilitates the discussion.