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$MUX McEwen Mining to buy remaining stake in Timberline Resources
Reuters | April 16, 2024 | 9:55 am Markets Canada USA Copper Gold
Talapoosa gold project in western Nevada, 45 km east of Reno. Credit: Timberline Resources
Canadian miner McEwen Mining entered into a deal to acquire all outstanding shares of Timberline Resources that it doesn’t already own, the companies said on Tuesday.
McEwen currently owns 6.25 million Timberline shares, or around 3.3% of the company, along with 6.25 million warrants.
Excluding existing ownership, McEwen, which has operations in Nevada, Canada, Mexico and Argentina, expects to issue around 1.84 million shares on closing for a transaction value of $18.8 million.
Timberline shareholders will receive 0.01 of a share of McEwen’s common stock for each Timberline share held, representing a value of $0.102 per Timberline share, or a premium of 132%, the companies said.
Timberline Resources, a Nevada based exploration company focused on gold and copper discoveries, would be required to pay McEwen a termination fee of $400,000 if it terminates the agreement.
(By Seher Dareen; Editing by Shailesh Kuber)
https://www.mining.com/web/mcewen-mining-announces-deal-to-buy-remaining-shares-of-timberline-resources/
$MUX McEwen Mining to buy remaining stake in Timberline Resources
Reuters | April 16, 2024 | 9:55 am Markets Canada USA Copper Gold
Talapoosa gold project in western Nevada, 45 km east of Reno. Credit: Timberline Resources
Canadian miner McEwen Mining entered into a deal to acquire all outstanding shares of Timberline Resources that it doesn’t already own, the companies said on Tuesday.
McEwen currently owns 6.25 million Timberline shares, or around 3.3% of the company, along with 6.25 million warrants.
Excluding existing ownership, McEwen, which has operations in Nevada, Canada, Mexico and Argentina, expects to issue around 1.84 million shares on closing for a transaction value of $18.8 million.
Timberline shareholders will receive 0.01 of a share of McEwen’s common stock for each Timberline share held, representing a value of $0.102 per Timberline share, or a premium of 132%, the companies said.
Timberline Resources, a Nevada based exploration company focused on gold and copper discoveries, would be required to pay McEwen a termination fee of $400,000 if it terminates the agreement.
(By Seher Dareen; Editing by Shailesh Kuber)
https://www.mining.com/web/mcewen-mining-announces-deal-to-buy-remaining-shares-of-timberline-resources/
Chile must pass permitting reforms to unblock investment, copper executives say
with MMGYS viewer sent Soundtrack
Reuters | April 16, 2024 | 9:03 am Intelligence Top Companies Latin America Copper
Union at BHP's Escondida, Spence copper mines reject contract offer
Chile’s government needs to quickly approve a proposal to streamline permitting for the mining industry to unlock and promote investment in the world’s top copper-producing country, a top executives said on Tuesday.
“In Chile it is urgent to improve the permit system to allow companies to approve large investment projects in a timely manner,” BHP President Americas Brandon Craig said on a panel at the World Copper Conference being held in Santiago.
“This not only applies to new projects, but also to permits needed to optimize current operations,” he added. BHP is a top copper producer and its flagship Escondida mine in Chile is the world’s largest copper mine.
Rio Tinto, which has a 30% stake in Escondida and partnered with state-run Codelco for copper exploration, agreed that more streamlining is needed to boost investment.
“I would like to invest more in Chile, but I need help,” said Bold Baatar, head of Rio Tinto’s copper business. “The more we can streamline the permitting process (in Chile) … I think that would be helpful.”
Mining companies and industry groups have complained about the extensive permitting process in Chile. In January, the government presented legal reforms to streamline permitting for investments, which can currently reach up to 500 requests from various authorities.
The reforms still must be approved by Congress, where the government has faced strong opposition. The government was able to pass a mining tax reform last year, but a major industry request during the debate was to streamline permitting and reduce start-up times for multi-million dollar copper projects, which is Chile’s largest export.
“I hope these reforms are approved quickly so that the industry can unlock large mining investments,” Craig said.
(By Fabian Cambero and Alexander Villegas; Editing by Andrea Ricci and Richard Chang)
https://www.mining.com/web/chile-must-pass-permitting-reforms-to-unblock-investment-says-bhp/
Chile must pass permitting reforms to unblock investment, copper executives say
with MMGYS viewer sent Soundtrack
Reuters | April 16, 2024 | 9:03 am Intelligence Top Companies Latin America Copper
Union at BHP's Escondida, Spence copper mines reject contract offer
Chile’s government needs to quickly approve a proposal to streamline permitting for the mining industry to unlock and promote investment in the world’s top copper-producing country, a top executives said on Tuesday.
“In Chile it is urgent to improve the permit system to allow companies to approve large investment projects in a timely manner,” BHP President Americas Brandon Craig said on a panel at the World Copper Conference being held in Santiago.
“This not only applies to new projects, but also to permits needed to optimize current operations,” he added. BHP is a top copper producer and its flagship Escondida mine in Chile is the world’s largest copper mine.
Rio Tinto, which has a 30% stake in Escondida and partnered with state-run Codelco for copper exploration, agreed that more streamlining is needed to boost investment.
“I would like to invest more in Chile, but I need help,” said Bold Baatar, head of Rio Tinto’s copper business. “The more we can streamline the permitting process (in Chile) … I think that would be helpful.”
Mining companies and industry groups have complained about the extensive permitting process in Chile. In January, the government presented legal reforms to streamline permitting for investments, which can currently reach up to 500 requests from various authorities.
The reforms still must be approved by Congress, where the government has faced strong opposition. The government was able to pass a mining tax reform last year, but a major industry request during the debate was to streamline permitting and reduce start-up times for multi-million dollar copper projects, which is Chile’s largest export.
“I hope these reforms are approved quickly so that the industry can unlock large mining investments,” Craig said.
(By Fabian Cambero and Alexander Villegas; Editing by Andrea Ricci and Richard Chang)
https://www.mining.com/web/chile-must-pass-permitting-reforms-to-unblock-investment-says-bhp/
The Oscillator again TB1? it's looking like your spamming us.
suggest you start a Chuck Crew board or
also notice you have a mining and metal board pump Chucks oscillator there
thanks
here is the K-2 Oscillator
$IAG Today........
Short Interest in IAMGOLD Co. (NYSE:IAG) Decreases By 9.7%
Written by MarketBeat
April 15, 2024
SHARE
IAMGOLD logoIAMGOLD Co. (NYSE:IAG -TSE: $IMG was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,010,000 shares, a drop of 9.7% from the March 15th total of 8,870,000 shares. Based on an average trading volume of 8,450,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.6% of the shares of the stock are short sold.
Today
IAMGOLD Stock Down 2.2 %
Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
IAG traded down $0.08 during trading on Monday, reaching $3.53. 1,647,328 shares of the stock traded hands, compared to its average volume of 8,604,386. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The stock's 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $2.61.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. As a group, equities research analysts expect that IAMGOLD will post 0.07 EPS for the current year.
More info
Institutional Trading of IAMGOLD
A number of institutional investors and hedge funds have recently made changes to their positions in IAG. Helikon Investments Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $23,722,000. Two Sigma Investments LP lifted its position in shares of IAMGOLD by 492.0% in the first quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company's stock worth $19,742,000 after buying an additional 6,054,262 shares during the last quarter. Norges Bank acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $12,557,000. Donald Smith & CO. Inc. lifted its position in shares of IAMGOLD by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock worth $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $10,972,000. Institutional investors and hedge funds own 47.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a report on Friday, April 5th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC increased their target price on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded IAMGOLD from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has an average rating of "Hold" and a consensus price target of $3.52.
https://www.marketbeat.com/instant-alerts/nyse-iag-options-data-report-2024-04-15/
Just a matter of time
"Pour Some Sugar On Me"
Short Interest in IAMGOLD Co. (NYSE:IAG) Decreases By 9.7%
Written by MarketBeat
April 15, 2024
SHARE
IAMGOLD logoIAMGOLD Co. (NYSE:IAG -TSE: $IMG was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,010,000 shares, a drop of 9.7% from the March 15th total of 8,870,000 shares. Based on an average trading volume of 8,450,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.6% of the shares of the stock are short sold.
Today
IAMGOLD Stock Down 2.2 %
Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
IAG traded down $0.08 during trading on Monday, reaching $3.53. 1,647,328 shares of the stock traded hands, compared to its average volume of 8,604,386. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The stock's 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $2.61.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. As a group, equities research analysts expect that IAMGOLD will post 0.07 EPS for the current year.
More info
Institutional Trading of IAMGOLD
A number of institutional investors and hedge funds have recently made changes to their positions in IAG. Helikon Investments Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $23,722,000. Two Sigma Investments LP lifted its position in shares of IAMGOLD by 492.0% in the first quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company's stock worth $19,742,000 after buying an additional 6,054,262 shares during the last quarter. Norges Bank acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $12,557,000. Donald Smith & CO. Inc. lifted its position in shares of IAMGOLD by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock worth $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $10,972,000. Institutional investors and hedge funds own 47.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a report on Friday, April 5th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC increased their target price on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded IAMGOLD from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has an average rating of "Hold" and a consensus price target of $3.52.
https://www.marketbeat.com/instant-alerts/nyse-iag-options-data-report-2024-04-15/
Just a matter of time
"Pour Some Sugar On Me"
Short Interest in IAMGOLD Co. (NYSE:IAG) Decreases By 9.7%
Written by MarketBeat
April 15, 2024
SHARE
IAMGOLD logoIAMGOLD Co. (NYSE:IAG -TSE: $IMG was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,010,000 shares, a drop of 9.7% from the March 15th total of 8,870,000 shares. Based on an average trading volume of 8,450,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.6% of the shares of the stock are short sold.
Today
IAMGOLD Stock Down 2.2 %
Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
IAG traded down $0.08 during trading on Monday, reaching $3.53. 1,647,328 shares of the stock traded hands, compared to its average volume of 8,604,386. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The stock's 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $2.61.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. As a group, equities research analysts expect that IAMGOLD will post 0.07 EPS for the current year.
More info
Institutional Trading of IAMGOLD
A number of institutional investors and hedge funds have recently made changes to their positions in IAG. Helikon Investments Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $23,722,000. Two Sigma Investments LP lifted its position in shares of IAMGOLD by 492.0% in the first quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company's stock worth $19,742,000 after buying an additional 6,054,262 shares during the last quarter. Norges Bank acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $12,557,000. Donald Smith & CO. Inc. lifted its position in shares of IAMGOLD by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock worth $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $10,972,000. Institutional investors and hedge funds own 47.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a report on Friday, April 5th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC increased their target price on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded IAMGOLD from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has an average rating of "Hold" and a consensus price target of $3.52.
https://www.marketbeat.com/instant-alerts/nyse-iag-options-data-report-2024-04-15/
Just a matter of time
"Pour Some Sugar On Me"
BRICS driving gold & silver breakout? Feat. Dave Kranzler - LFTV Ep 168 Timestamps
Apr 12, 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Dave Kranzler, publisher of the popular Mining Stock Journal, to analyse drivers behind the current physically-driven gold and silver bull run.
The precious metals experts take listeners through the current drivers of short-term market movements, including the possibility of unforeseen black swan events and the now beta-tested BRICS currency.
Check out Dave Kranzler: https://investmentresearchdynamics.com/
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
00:00 Start
02:10 Gold mining stock example: Cabral Gold
06:30 Dave’s thoughts on silver
11:40 The physical market in the short-term
19:00 Silver to break out?
28:30 The gold: silver ratio
36:00 Rate cuts & commercial real estate
49:00 BRICS currency greenlighted and beta-tested
BRICS driving gold & silver breakout? Feat. Dave Kranzler - LFTV Ep 168 Timestamps
Apr 12, 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Dave Kranzler, publisher of the popular Mining Stock Journal, to analyse drivers behind the current physically-driven gold and silver bull run.
The precious metals experts take listeners through the current drivers of short-term market movements, including the possibility of unforeseen black swan events and the now beta-tested BRICS currency.
Check out Dave Kranzler: https://investmentresearchdynamics.com/
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
00:00 Start
02:10 Gold mining stock example: Cabral Gold
06:30 Dave’s thoughts on silver
11:40 The physical market in the short-term
19:00 Silver to break out?
28:30 The gold: silver ratio
36:00 Rate cuts & commercial real estate
49:00 BRICS currency greenlighted and beta-tested
Haha so they replaced the guy Wow Don't have to wonder about him anymore.
I'm sure he's a nice guy, just not CEO material IMO and looks like I'm not alone in that thinking
That video should have never been allowed to air
Digging Deeper: Exploring the Depths of Mining
Streamed live 10 hours ago #Mining #Benzinga
Digging Deeper: Exploring the Depths of Mining is a can’t miss event that explores the depths of innovation with the mining industry. Join us for a captivating journey as we navigate through the transformative landscape, discovering the latest technologies, sustainable practices, and strategies propelling mining into a new era.
Patricia Mohr, Economist & Commodity Market Specialist & Former VP at Scotiabank | Mohr & Co. Critical Metals Inc.
Rick Rule, Founder, President & CEO - Rule Investment Media LLC.
https://www.ruleinvestmentmedia.com
Alex Wylie, CEO - Volt Lithium Corp.
https://voltlithium.com/
Warwick Smith, CEO & Director - American Pacific
https://americanpacificmining.com/
Stephen Rentschler, CEO - Nevada Lithium
https://nevadalithium.com/
(CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K)
Rob McEwen, Chairman & Chief Owner - McEwen Mining
https://www.mcewenmining.com/
Luke Norman, Executive Chairman & Co-Founder - US Gold Corp
https://www.usgoldcorp.gold/
(NASDAQ: USAU)
Digging Deeper: Exploring the Depths of Mining
Streamed live 10 hours ago #Mining #Benzinga
Digging Deeper: Exploring the Depths of Mining is a can’t miss event that explores the depths of innovation with the mining industry. Join us for a captivating journey as we navigate through the transformative landscape, discovering the latest technologies, sustainable practices, and strategies propelling mining into a new era.
Patricia Mohr, Economist & Commodity Market Specialist & Former VP at Scotiabank | Mohr & Co. Critical Metals Inc.
Rick Rule, Founder, President & CEO - Rule Investment Media LLC.
https://www.ruleinvestmentmedia.com
Alex Wylie, CEO - Volt Lithium Corp.
https://voltlithium.com/
Warwick Smith, CEO & Director - American Pacific
https://americanpacificmining.com/
Stephen Rentschler, CEO - Nevada Lithium
https://nevadalithium.com/
(CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K)
Rob McEwen, Chairman & Chief Owner - McEwen Mining
https://www.mcewenmining.com/
Luke Norman, Executive Chairman & Co-Founder - US Gold Corp
https://www.usgoldcorp.gold/
(NASDAQ: USAU)
Copper’s second secular bull market this century is being driven
Copper is entering a new bull market phase, Citi says
Bloomberg News | April 9, 2024 | 4:40 am Intelligence Markets China Copper
with MMGYS Soundtrack
Copper has entered its second secular bull market this century, Citi analysts said, as the metal traded near a 15-month high.
Prices have risen over 10% this year as disruptions at major mines threaten refined metal production at the Chinese plants that account for more than half the world’s supply. The Federal Reserve’s expected pivot this year to easier monetary policy is also brightening the outlook for the global economy.
Still, China is grappling with a prolonged property crisis and sagging consumer confidence. The country’s smelters, which produce more than half the world’s refined copper, are considering output cuts after processing fees fell near zero.
“Copper’s second secular bull market this century is being driven by booming decarbonisation-related demand growth,” the Citi analysts wrote in a note. “Only higher prices will solve these deficits.”
During copper’s bull market of the 2000s, prices rose more than five-fold in three years, driven by urbanization and industrialization in China. Citi recommends corporate consumers hedge their copper exposures, because there is potential for “explosive price upside” again over the next three years.
Prices briefly dipped in the London morning, before recovering, as LME data showed inventories jump by the most since September. Copper was up 0.4% to $9,449.00 a ton on the London Metal Exchange as of 11:04 a.m. in London, after prices hit $9,484.50 a ton on Monday, the highest since January 2023.
Other base metals were higher, with zinc rising 1.4% as Chinese output faces risks due to a collapse in treatment charges at smelters.
https://www.mining.com/web/copper-is-entering-a-new-bull-market-phase-citi-says/
Little Feat - Let It Roll
Copper is entering a new bull market phase, Citi says
Bloomberg News | April 9, 2024 | 4:40 am Intelligence Markets China Copper
with MMGYS Soundtrack
Copper has entered its second secular bull market this century, Citi analysts said, as the metal traded near a 15-month high.
Prices have risen over 10% this year as disruptions at major mines threaten refined metal production at the Chinese plants that account for more than half the world’s supply. The Federal Reserve’s expected pivot this year to easier monetary policy is also brightening the outlook for the global economy.
Still, China is grappling with a prolonged property crisis and sagging consumer confidence. The country’s smelters, which produce more than half the world’s refined copper, are considering output cuts after processing fees fell near zero.
“Copper’s second secular bull market this century is being driven by booming decarbonisation-related demand growth,” the Citi analysts wrote in a note. “Only higher prices will solve these deficits.”
During copper’s bull market of the 2000s, prices rose more than five-fold in three years, driven by urbanization and industrialization in China. Citi recommends corporate consumers hedge their copper exposures, because there is potential for “explosive price upside” again over the next three years.
Prices briefly dipped in the London morning, before recovering, as LME data showed inventories jump by the most since September. Copper was up 0.4% to $9,449.00 a ton on the London Metal Exchange as of 11:04 a.m. in London, after prices hit $9,484.50 a ton on Monday, the highest since January 2023.
Other base metals were higher, with zinc rising 1.4% as Chinese output faces risks due to a collapse in treatment charges at smelters.
https://www.mining.com/web/copper-is-entering-a-new-bull-market-phase-citi-says/
Little Feat - Let It Roll
Copper is entering a new bull market phase, Citi says
Bloomberg News | April 9, 2024 | 4:40 am Intelligence Markets China Copper
with MMGYS Soundtrack
Copper has entered its second secular bull market this century, Citi analysts said, as the metal traded near a 15-month high.
Prices have risen over 10% this year as disruptions at major mines threaten refined metal production at the Chinese plants that account for more than half the world’s supply. The Federal Reserve’s expected pivot this year to easier monetary policy is also brightening the outlook for the global economy.
Still, China is grappling with a prolonged property crisis and sagging consumer confidence. The country’s smelters, which produce more than half the world’s refined copper, are considering output cuts after processing fees fell near zero.
“Copper’s second secular bull market this century is being driven by booming decarbonisation-related demand growth,” the Citi analysts wrote in a note. “Only higher prices will solve these deficits.”
During copper’s bull market of the 2000s, prices rose more than five-fold in three years, driven by urbanization and industrialization in China. Citi recommends corporate consumers hedge their copper exposures, because there is potential for “explosive price upside” again over the next three years.
Prices briefly dipped in the London morning, before recovering, as LME data showed inventories jump by the most since September. Copper was up 0.4% to $9,449.00 a ton on the London Metal Exchange as of 11:04 a.m. in London, after prices hit $9,484.50 a ton on Monday, the highest since January 2023.
Other base metals were higher, with zinc rising 1.4% as Chinese output faces risks due to a collapse in treatment charges at smelters.
https://www.mining.com/web/copper-is-entering-a-new-bull-market-phase-citi-says/
Little Feat - Let It Roll
Chinese Copper Demand Lifting All Boats
Copper miners glimpse the future they’ve long seen coming
Bloomberg News | April 5, 2024 | 7:50 am Intelligence Markets Top Companies China Latin America Copper
with MMGYS Soundtrack
Chile's mining production up 7.7% in February
For much of the past decade, there’s been a widely accepted orthodoxy in the mining industry that copper is the place to be.
Its champions have pointed to a likely explosion in demand as the global economy electrifies and decarbonizes, while fresh supply has looked increasingly scarce.
Instead, the metal has largely been overshadowed by old-industry stalwarts such as iron ore and coal, which have driven record profits for mining’s biggest names in recent years.
Yet a supply shock and growing confidence in an economic recovery are now seeing copper take center stage.
Production concerns have been fueled by Panama’s order late last year to shut a giant First Quantum Minerals Ltd. mine, removing roughly 400,000 tons of the metal from the world’s annual supply.
Behemoth Anglo American Plc then stunned investors by saying it was scaling back output by about 200,000 tons.
The market initially shrugged off these cuts as consumption looked anemic. But that’s changing as manufacturing — perhaps the most important demand metric for copper — shows signs of picking up almost everywhere.
In China, the official manufacturing purchasing managers’ index expanded in March for the first time since September, while preliminary data from India points to some of the strongest growth for the industry in years.
That’s catapulted the commodity to the highest prices in more than a year, up almost 9% so far in 2024.
While metal markets often move in tandem — with Chinese demand lifting all the boats — at the moment that’s not the case. Iron ore remains under pressure, while coal continues to slide.
That’s allowed the pure-play copper producers to lure investors who have cooled on the large, diversified miners — whose profits are dominated by iron ore.
Copper specialist Antofagasta Plc has gained almost 30% this year, while Freeport-McMoRan Inc. is up about 15%. By contrast, mining’s biggest names — BHP Group Ltd. and Rio Tinto Group — are both down around 14%.
(By Thomas Biesheuvel)
https://www.mining.com/web/copper-miners-glimpse-the-future-theyve-long-seen-coming/
Go $MUX.........
......Go Green.............
...........Go McEwen Copper......
Copper miners glimpse the future they’ve long seen coming
Bloomberg News | April 5, 2024 | 7:50 am Intelligence Markets Top Companies China Latin America Copper
with MMGYS Soundtrack
Chile's mining production up 7.7% in February
For much of the past decade, there’s been a widely accepted orthodoxy in the mining industry that copper is the place to be.
Its champions have pointed to a likely explosion in demand as the global economy electrifies and decarbonizes, while fresh supply has looked increasingly scarce.
Instead, the metal has largely been overshadowed by old-industry stalwarts such as iron ore and coal, which have driven record profits for mining’s biggest names in recent years.
Yet a supply shock and growing confidence in an economic recovery are now seeing copper take center stage.
Production concerns have been fueled by Panama’s order late last year to shut a giant First Quantum Minerals Ltd. mine, removing roughly 400,000 tons of the metal from the world’s annual supply.
Behemoth Anglo American Plc then stunned investors by saying it was scaling back output by about 200,000 tons.
The market initially shrugged off these cuts as consumption looked anemic. But that’s changing as manufacturing — perhaps the most important demand metric for copper — shows signs of picking up almost everywhere.
In China, the official manufacturing purchasing managers’ index expanded in March for the first time since September, while preliminary data from India points to some of the strongest growth for the industry in years.
That’s catapulted the commodity to the highest prices in more than a year, up almost 9% so far in 2024.
While metal markets often move in tandem — with Chinese demand lifting all the boats — at the moment that’s not the case. Iron ore remains under pressure, while coal continues to slide.
That’s allowed the pure-play copper producers to lure investors who have cooled on the large, diversified miners — whose profits are dominated by iron ore.
Copper specialist Antofagasta Plc has gained almost 30% this year, while Freeport-McMoRan Inc. is up about 15%. By contrast, mining’s biggest names — BHP Group Ltd. and Rio Tinto Group — are both down around 14%.
(By Thomas Biesheuvel)
https://www.mining.com/web/copper-miners-glimpse-the-future-theyve-long-seen-coming/
Copper miners glimpse the future they’ve long seen coming
Bloomberg News | April 5, 2024 | 7:50 am Intelligence Markets Top Companies China Latin America Copper
with MMGYS Soundtrack
Chile's mining production up 7.7% in February
For much of the past decade, there’s been a widely accepted orthodoxy in the mining industry that copper is the place to be.
Its champions have pointed to a likely explosion in demand as the global economy electrifies and decarbonizes, while fresh supply has looked increasingly scarce.
Instead, the metal has largely been overshadowed by old-industry stalwarts such as iron ore and coal, which have driven record profits for mining’s biggest names in recent years.
Yet a supply shock and growing confidence in an economic recovery are now seeing copper take center stage.
Production concerns have been fueled by Panama’s order late last year to shut a giant First Quantum Minerals Ltd. mine, removing roughly 400,000 tons of the metal from the world’s annual supply.
Behemoth Anglo American Plc then stunned investors by saying it was scaling back output by about 200,000 tons.
The market initially shrugged off these cuts as consumption looked anemic. But that’s changing as manufacturing — perhaps the most important demand metric for copper — shows signs of picking up almost everywhere.
In China, the official manufacturing purchasing managers’ index expanded in March for the first time since September, while preliminary data from India points to some of the strongest growth for the industry in years.
That’s catapulted the commodity to the highest prices in more than a year, up almost 9% so far in 2024.
While metal markets often move in tandem — with Chinese demand lifting all the boats — at the moment that’s not the case. Iron ore remains under pressure, while coal continues to slide.
That’s allowed the pure-play copper producers to lure investors who have cooled on the large, diversified miners — whose profits are dominated by iron ore.
Copper specialist Antofagasta Plc has gained almost 30% this year, while Freeport-McMoRan Inc. is up about 15%. By contrast, mining’s biggest names — BHP Group Ltd. and Rio Tinto Group — are both down around 14%.
(By Thomas Biesheuvel)
https://www.mining.com/web/copper-miners-glimpse-the-future-theyve-long-seen-coming/
$IAG Pivoting on 3 year high next stop $5
The miners with good stories are doing better !
Keep on Pouring that gold 😀
The mining community is coming together!
This year, many individuals are showing support for Save Canadian Mining specifically. We are starting to make some real noise, but there is still much more work that needs to be done to stop predatory short selling in the Canadian junior mining industry.
The mining community is coming together!
This year, many individuals are showing support for Save Canadian Mining specifically. We are starting to make some real noise, but there is still much more work that needs to be done to stop predatory short selling in the Canadian junior mining industry.
""""""Lets Go HOYING """""""
52-week Highs
with MMGYS Soundtrack
Bank of Montreal (T.BMO) hit a new 52-week high of $132.63 Monday. BMO Asset Management Inc. (BMOAM Inc.), the manager of the BMO ETFs, today announced the launch of BMO US Equity Buffer Hedged to CAD ETF – April.
Equinox Gold Corp. (TSX: EQX) hit a new 52-Week high of $8.27. Equinox has agreed with the existing noteholders to amend certain terms of the $139.7 million principal 5.00% convertible notes due April 12, 2024 and the $139.3 million principal 4.75% convertible notes due March 10, 2025.
IAMGOLD Corporation (T.IMG) hit a new 52-week high of $4.86 Monday. Iamgold that it has completed its first gold pour at the Côté Gold Mine, located in Ontario. Côté Gold is operated as a joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd.
American Eagle Gold Corp. (V.AE) hit a new 52-Week high of 73 cents. No news stories available today.
Agnico Eagle Mines Limited (T.AEM) hit a new 52-Week high of $82.22 Monday. No news stories available today.
Alamos Gold Inc. (T.AGI) hit a new 52-Week high of $19.64 Monday. No news stories available today.
Aris Mining Corporation (T.ARIS) hit a new 52-week high of $4.90 Monday. No news stories available today.
Artemis Gold Inc. (V.ARTG) hit a new 52-week high of $8.43 Monday. No news stories available today.
ARC Resources Ltd. (T.ARX) hit a new 52-week high of $24.33 Monday. No news stories available today.
Black Mammoth Metals Corporation (V.BMM) hit a new 52-week high of 45 cents Monday. No news stories available today.
Sprott Physical Gold and Silver Trust (T.CEF) hit a new 52-week high of $27.74 Monday. No news stories available today.
China Gold International Resources Corp. Ltd. (T.CGG) (Q4) hit a new 52-week high of $8.67 Monday. No news stories available today.
Canadian Natural Resources Limited (T.CNQ) hit a new 52-week high of $103.32 Thursday. No news stories available today.
Capstone Copper Corp. (T.CS) hit a new 52-week high of $8.67 Thursday. No news stories available today.
Dynacor Group Inc. (T.DNG) hit a new 52-week high of $4.69 Monday. No news stories available today.
Canoe EIT Income Fund (T.EIT.UN) hit a new 52-week high of $13.73 Monday. No news stories available today.
Eldorado Gold Corporation (T.ELD) hit a new 52-week high of $19.38 Monday. No news stories available today.
Erdene Resource Development Corporation (T.ERD) hit a new 52-week high of 40 cents Monday. No news stories available today.
Enerplus Corporation (T.ERF) hit a new 52-week high of $26.60 Monday. No news stories available today.
Firan Technology Group Corporation (T.FTG) hit a new 52-week high of $6.12 Monday. No news stories available today.
Galiano Gold Inc. (T.GAU) hit a new 52-week high of $1.94 Monday. No news stories available today.
Gamehost Inc. (T.GH) hit a new 52-week high of $9.94 Monday. No news stories available today.
Tantalus Systems Holding Inc. (T.GRID) hit a new 52-week high of $1.84 Monday. No news stories available today.
Grown Rogue International Inc (C.GRIN) hit a new 52-week high of 69 cents Monday. No news stories available today.
Hudbay Minerals Inc. (T.HBM) hit a new 52-week high of $9.51 Monday. No news stories available today.
IBEX Technologies Inc. (V.IBT) hit a new 52-week high of $1.44 Monday. No news stories available today.
Imperial Oil Limited (T.IMO) hit a new 52-week high of $94.26 Monday. No news stories available today.
Intrepid Metals Corp. (V.INTR) hit a new 52-week high of 80 cents Monday. No news stories available today.
Kinross Gold Corporation (T.K) hit a new 52-week high of $8.38 Monday. No news stories available today.
Keyera Corp. (T.KEY) hit a new 52-week high of $35.00 Monday. No news stories available today.
Lundin Gold Inc. (T.LUG) hit a new 52-week high of $19.46 Monday. No news stories available today.
Lundin Mining Corporation (T.LUN) hit a new 52-week high of $13.92 Monday. No news stories available today.
Minaurum Gold Inc. (V.MGG) hit a new 52-week high of 29 cents Monday. No news stories available today.
Royal Canadian Mint (T.MNT) hit a new 52-week high of $30.01 Monday. No news stories available today.
Mineros S.A. (T.MSA) hit a new 52-week high of $1.08 Monday. No news stories available today.
McEwen Mining Inc. (T.MUX) hit a new 52-week high of $14.16 Monday. No news stories available today.
MediaValet Inc. (T.MVP) hit a new 52-week high of $1.70 Monday. No news stories available today.
New Gold Inc. (T.NGD) hit a new 52-week high of $2.33 Monday. No news stories available today.
NexGen Energy Ltd. (T.NXE) hit a new 52-week high of $11.18 Monday. No news stories available today.
Ovintiv Inc. (T.OVV) hit a new 52-week high of $70.94 Monday. No news stories available today.
https://www.baystreet.ca/articles/breakoutstocks.aspx?id=3652
most recognizable song of each year (1950-2022)
""""""Lets Go HOYING """""""
52-week Highs
with MMGYS Soundtrack
Bank of Montreal (T.BMO) hit a new 52-week high of $132.63 Monday. BMO Asset Management Inc. (BMOAM Inc.), the manager of the BMO ETFs, today announced the launch of BMO US Equity Buffer Hedged to CAD ETF – April.
Equinox Gold Corp. (TSX: EQX) hit a new 52-Week high of $8.27. Equinox has agreed with the existing noteholders to amend certain terms of the $139.7 million principal 5.00% convertible notes due April 12, 2024 and the $139.3 million principal 4.75% convertible notes due March 10, 2025.
IAMGOLD Corporation (T.IMG) hit a new 52-week high of $4.86 Monday. Iamgold that it has completed its first gold pour at the Côté Gold Mine, located in Ontario. Côté Gold is operated as a joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd.
American Eagle Gold Corp. (V.AE) hit a new 52-Week high of 73 cents. No news stories available today.
Agnico Eagle Mines Limited (T.AEM) hit a new 52-Week high of $82.22 Monday. No news stories available today.
Alamos Gold Inc. (T.AGI) hit a new 52-Week high of $19.64 Monday. No news stories available today.
Aris Mining Corporation (T.ARIS) hit a new 52-week high of $4.90 Monday. No news stories available today.
Artemis Gold Inc. (V.ARTG) hit a new 52-week high of $8.43 Monday. No news stories available today.
ARC Resources Ltd. (T.ARX) hit a new 52-week high of $24.33 Monday. No news stories available today.
Black Mammoth Metals Corporation (V.BMM) hit a new 52-week high of 45 cents Monday. No news stories available today.
Sprott Physical Gold and Silver Trust (T.CEF) hit a new 52-week high of $27.74 Monday. No news stories available today.
China Gold International Resources Corp. Ltd. (T.CGG) (Q4) hit a new 52-week high of $8.67 Monday. No news stories available today.
Canadian Natural Resources Limited (T.CNQ) hit a new 52-week high of $103.32 Thursday. No news stories available today.
Capstone Copper Corp. (T.CS) hit a new 52-week high of $8.67 Thursday. No news stories available today.
Dynacor Group Inc. (T.DNG) hit a new 52-week high of $4.69 Monday. No news stories available today.
Canoe EIT Income Fund (T.EIT.UN) hit a new 52-week high of $13.73 Monday. No news stories available today.
Eldorado Gold Corporation (T.ELD) hit a new 52-week high of $19.38 Monday. No news stories available today.
Erdene Resource Development Corporation (T.ERD) hit a new 52-week high of 40 cents Monday. No news stories available today.
Enerplus Corporation (T.ERF) hit a new 52-week high of $26.60 Monday. No news stories available today.
Firan Technology Group Corporation (T.FTG) hit a new 52-week high of $6.12 Monday. No news stories available today.
Galiano Gold Inc. (T.GAU) hit a new 52-week high of $1.94 Monday. No news stories available today.
Gamehost Inc. (T.GH) hit a new 52-week high of $9.94 Monday. No news stories available today.
Tantalus Systems Holding Inc. (T.GRID) hit a new 52-week high of $1.84 Monday. No news stories available today.
Grown Rogue International Inc (C.GRIN) hit a new 52-week high of 69 cents Monday. No news stories available today.
Hudbay Minerals Inc. (T.HBM) hit a new 52-week high of $9.51 Monday. No news stories available today.
IBEX Technologies Inc. (V.IBT) hit a new 52-week high of $1.44 Monday. No news stories available today.
Imperial Oil Limited (T.IMO) hit a new 52-week high of $94.26 Monday. No news stories available today.
Intrepid Metals Corp. (V.INTR) hit a new 52-week high of 80 cents Monday. No news stories available today.
Kinross Gold Corporation (T.K) hit a new 52-week high of $8.38 Monday. No news stories available today.
Keyera Corp. (T.KEY) hit a new 52-week high of $35.00 Monday. No news stories available today.
Lundin Gold Inc. (T.LUG) hit a new 52-week high of $19.46 Monday. No news stories available today.
Lundin Mining Corporation (T.LUN) hit a new 52-week high of $13.92 Monday. No news stories available today.
Minaurum Gold Inc. (V.MGG) hit a new 52-week high of 29 cents Monday. No news stories available today.
Royal Canadian Mint (T.MNT) hit a new 52-week high of $30.01 Monday. No news stories available today.
Mineros S.A. (T.MSA) hit a new 52-week high of $1.08 Monday. No news stories available today.
McEwen Mining Inc. (T.MUX) hit a new 52-week high of $14.16 Monday. No news stories available today.
MediaValet Inc. (T.MVP) hit a new 52-week high of $1.70 Monday. No news stories available today.
New Gold Inc. (T.NGD) hit a new 52-week high of $2.33 Monday. No news stories available today.
NexGen Energy Ltd. (T.NXE) hit a new 52-week high of $11.18 Monday. No news stories available today.
Ovintiv Inc. (T.OVV) hit a new 52-week high of $70.94 Monday. No news stories available today.
https://www.baystreet.ca/articles/breakoutstocks.aspx?id=3652
most recognizable song of each year (1950-2022)
Gold scaled yet another record peak on Tuesday The Muskrat down by the river says if $MUX break $17 we will see $50 in two years and should we see 50 it will run to $95 two years after that .
Gold price shatters new records as Mideast tensions add to bullish mix
Reuters | April 2, 2024 | 3:36 pm Intelligence Markets USA Gold
with MMGYS Soundtrack
Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing Middle East tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts.
Spot gold was up 0.8% at $2,268.44 per ounce by 2:07 p.m. EDT (1807 GMT), after hitting an all-time high of $2,276.89.
US gold futures settled 1.1% higher at $2,281.8.
“We’re seeing some safe-haven demand flowing into gold, which relates to the Israeli strikes on Iran’s embassy in Syria,” said Daniel Ghali, commodity strategist at TD Securities.
The latest leg up in gold prices is probably also associated with short covering from family offices and proprietary trading shops, Ghali added.
Iran vowed to take revenge on Israel for an airstrike on the Iranian embassy compound in Damascus.
Saxo Bank’s Ole Hansen said an underlying bid from retail and central banks was being joined by momentum-following speculators who have extended their already elevated longs following gold’s break above $2,200.
The mix of bullish tailwinds has driven bullion nearly 10% higher so far this year.
“What makes the gold rally so unusual is that it is occurring despite significant traditional headwinds with the US dollar rising, Treasury yields rising, the likelihood of higher for longer US rates increasing,” said independent analyst Ross Norman.
The dollar jumped after Monday’s data showed US manufacturing grew for the first time in 1-1/2 years in March.
Traders pared bets of a June interest rate cut to 58% versus around 60% before the data, which under normal circumstances, would pressure zero-yield bullion.
But while the gold market remains in a “highly bullish mood”, it probably needs to consolidate amid a shift back to a more hawkish view of Federal Reserve policy, said Tai Wong, a New York-based independent metals trader.
Silver rose 3.2% to $25.89 per ounce, platinum added 2.4% to $923.00 and palladium climbed 0.1% to $996.88.
(By Anjana Anil, Brijesh Patel and Polina Devitt; Editing by Emelia Sithole-Matarise and Vijay Kishore)
https://www.mining.com/web/gold-shatters-new-records-as-mideast-tensions-add-to-bullish-mix/
That's the way these top-tier large deposits stocks run,
Then he went back to chewing on a cattail.
Gold price shatters new records as Mideast tensions add to bullish mix The Muskrat down by the river says if we break $17 we will see $50 in two years and should we see 50 it will run to $95 two years after that .
Reuters | April 2, 2024 | 3:36 pm Intelligence Markets USA Gold
with MMGYS Soundtrack
Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing Middle East tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts.
Spot gold was up 0.8% at $2,268.44 per ounce by 2:07 p.m. EDT (1807 GMT), after hitting an all-time high of $2,276.89.
US gold futures settled 1.1% higher at $2,281.8.
“We’re seeing some safe-haven demand flowing into gold, which relates to the Israeli strikes on Iran’s embassy in Syria,” said Daniel Ghali, commodity strategist at TD Securities.
The latest leg up in gold prices is probably also associated with short covering from family offices and proprietary trading shops, Ghali added.
Iran vowed to take revenge on Israel for an airstrike on the Iranian embassy compound in Damascus.
Saxo Bank’s Ole Hansen said an underlying bid from retail and central banks was being joined by momentum-following speculators who have extended their already elevated longs following gold’s break above $2,200.
The mix of bullish tailwinds has driven bullion nearly 10% higher so far this year.
“What makes the gold rally so unusual is that it is occurring despite significant traditional headwinds with the US dollar rising, Treasury yields rising, the likelihood of higher for longer US rates increasing,” said independent analyst Ross Norman.
The dollar jumped after Monday’s data showed US manufacturing grew for the first time in 1-1/2 years in March.
Traders pared bets of a June interest rate cut to 58% versus around 60% before the data, which under normal circumstances, would pressure zero-yield bullion.
But while the gold market remains in a “highly bullish mood”, it probably needs to consolidate amid a shift back to a more hawkish view of Federal Reserve policy, said Tai Wong, a New York-based independent metals trader.
Silver rose 3.2% to $25.89 per ounce, platinum added 2.4% to $923.00 and palladium climbed 0.1% to $996.88.
(By Anjana Anil, Brijesh Patel and Polina Devitt; Editing by Emelia Sithole-Matarise and Vijay Kishore)
https://www.mining.com/web/gold-shatters-new-records-as-mideast-tensions-add-to-bullish-mix/
That's the way these top-tier large deposits stocks run,
Then he went back to chewing on a cattail.
Gold price shatters new records as Mideast tensions add to bullish mix The Muskrat down by the river says if we break $17 we will see $50 in two years and should we see 50 it will run to $95 two years after that .
Reuters | April 2, 2024 | 3:36 pm Intelligence Markets USA Gold
with MMGYS Soundtrack
Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing Middle East tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts.
Spot gold was up 0.8% at $2,268.44 per ounce by 2:07 p.m. EDT (1807 GMT), after hitting an all-time high of $2,276.89.
US gold futures settled 1.1% higher at $2,281.8.
“We’re seeing some safe-haven demand flowing into gold, which relates to the Israeli strikes on Iran’s embassy in Syria,” said Daniel Ghali, commodity strategist at TD Securities.
The latest leg up in gold prices is probably also associated with short covering from family offices and proprietary trading shops, Ghali added.
Iran vowed to take revenge on Israel for an airstrike on the Iranian embassy compound in Damascus.
Saxo Bank’s Ole Hansen said an underlying bid from retail and central banks was being joined by momentum-following speculators who have extended their already elevated longs following gold’s break above $2,200.
The mix of bullish tailwinds has driven bullion nearly 10% higher so far this year.
“What makes the gold rally so unusual is that it is occurring despite significant traditional headwinds with the US dollar rising, Treasury yields rising, the likelihood of higher for longer US rates increasing,” said independent analyst Ross Norman.
The dollar jumped after Monday’s data showed US manufacturing grew for the first time in 1-1/2 years in March.
Traders pared bets of a June interest rate cut to 58% versus around 60% before the data, which under normal circumstances, would pressure zero-yield bullion.
But while the gold market remains in a “highly bullish mood”, it probably needs to consolidate amid a shift back to a more hawkish view of Federal Reserve policy, said Tai Wong, a New York-based independent metals trader.
Silver rose 3.2% to $25.89 per ounce, platinum added 2.4% to $923.00 and palladium climbed 0.1% to $996.88.
(By Anjana Anil, Brijesh Patel and Polina Devitt; Editing by Emelia Sithole-Matarise and Vijay Kishore)
https://www.mining.com/web/gold-shatters-new-records-as-mideast-tensions-add-to-bullish-mix/
That's the way these top-tier large deposits stocks run,
Then he went back to chewing on a cattail.
2024 Nickel Market Deep-Dive with Experts Alex Laugharne and Martin Turenne (Hosted by Brian Leni) 0:00 Introduction
Apr 2, 2024 #miningstocks #juniormining #nickel
Listen to a nickel market deep dive with experts Alex Laugharne of the CRU Group and Martin Turenne of FPX Nickel hosted by investor Brian Leni of JuniorStockReview.com. Topics covered in this MSE episode include Indonesia's impact on global production, the variation across in pricing - labor, energy, etc, differentiating between "green" and "dirty" nickel, and their nickel price outlook for 2024.
0:40 Indonesia
4:52 Nickel Dumping
7:54 Nickel Cost Curve
13:22 Is traceability the solution to differentiating between "green" and "dirty" nickel?
21:01 Japanese and South Korean investment in developers
26:47 Nickel Price Outlook
34:17 CRU Group services
35:33 Update on FPX Nickel
2024 Nickel Market Deep-Dive with Experts Alex Laugharne and Martin Turenne (Hosted by Brian Leni) 0:00 Introduction
Apr 2, 2024 #miningstocks #juniormining #nickel
Listen to a nickel market deep dive with experts Alex Laugharne of the CRU Group and Martin Turenne of FPX Nickel hosted by investor Brian Leni of JuniorStockReview.com. Topics covered in this MSE episode include Indonesia's impact on global production, the variation across in pricing - labor, energy, etc, differentiating between "green" and "dirty" nickel, and their nickel price outlook for 2024.
0:40 Indonesia
4:52 Nickel Dumping
7:54 Nickel Cost Curve
13:22 Is traceability the solution to differentiating between "green" and "dirty" nickel?
21:01 Japanese and South Korean investment in developers
26:47 Nickel Price Outlook
34:17 CRU Group services
35:33 Update on FPX Nickel
$MUX McEwen Mining's Stock Soars. Exclusive Interview with Rob McEwen.
Mar 30, 2024 NASHVILLE
McEwen Mining has soared 71% in share price since announcing outstanding results on Feb. 29, 2024. We'll be talking about how the company doubled their revenue in the 4th quarter of 2023 and the development progress of McEwen Copper with McEwen Mining's Chairman and Chief Owner Rob McEwen. As you might have heard, copper is essential to electric cars, solar, wind and computers, and is one of the most important commodities of the future. (Learn more in our Copper blog. Link below.)
https://www.nataliepace.com/blog/copp...
Here are a few things that Natalie Pace will ask Rob McEwen about in this free videoconference.
McEwen’s Huge Share Price Surge After Announcing 4Q 2023 Earnings
What Lies Ahead for 2024?
Los Azules Copper Mine Timeline
Challenges of Development to Production
The World’s 1st Regenerative Copper Mine
Gold and Silver Prices. Where are they headed?
Copper Prices? Back to 2021 highs, or down to 2008 lows?
Is McEwen Mining Undervalued?
Be sure to share this videoconference with your friends. It is available as a podcast on Substack, Apple & Spotify. (Check out the links below.)
https://nataliepace.substack.com/
https://podcasts.apple.com/us/podcast...
https://open.spotify.com/show/3m8TpT9...
Here are links to some of the web pages that are mentioned in this videoconference, as well as other important sustainability resources.
The World's 1st Regenerative Copper Mine (video)
• McEwen Copper Los Azules Jason McLenn...
http://www.nataliepace.com/
Copper Blog
https://www.nataliepace.com/blog/copp...
https://www.amazon.com/dp/B09GN6G4KL
https://www.nataliepace.com/retreat20...
https://earthgratitude.org/
https://www.amazon.com/dp/B09VFVBGRS
http://www.nataliepace.com/
$MUX McEwen Mining's Stock Soars. Exclusive Interview with Rob McEwen.
Mar 30, 2024 NASHVILLE
McEwen Mining has soared 71% in share price since announcing outstanding results on Feb. 29, 2024. We'll be talking about how the company doubled their revenue in the 4th quarter of 2023 and the development progress of McEwen Copper with McEwen Mining's Chairman and Chief Owner Rob McEwen. As you might have heard, copper is essential to electric cars, solar, wind and computers, and is one of the most important commodities of the future. (Learn more in our Copper blog. Link below.)
https://www.nataliepace.com/blog/copp...
Here are a few things that Natalie Pace will ask Rob McEwen about in this free videoconference.
McEwen’s Huge Share Price Surge After Announcing 4Q 2023 Earnings
What Lies Ahead for 2024?
Los Azules Copper Mine Timeline
Challenges of Development to Production
The World’s 1st Regenerative Copper Mine
Gold and Silver Prices. Where are they headed?
Copper Prices? Back to 2021 highs, or down to 2008 lows?
Is McEwen Mining Undervalued?
Be sure to share this videoconference with your friends. It is available as a podcast on Substack, Apple & Spotify. (Check out the links below.)
https://nataliepace.substack.com/
https://podcasts.apple.com/us/podcast...
https://open.spotify.com/show/3m8TpT9...
Here are links to some of the web pages that are mentioned in this videoconference, as well as other important sustainability resources.
The World's 1st Regenerative Copper Mine (video)
• McEwen Copper Los Azules Jason McLenn...
http://www.nataliepace.com/
Copper Blog
https://www.nataliepace.com/blog/copp...
https://www.amazon.com/dp/B09GN6G4KL
https://www.nataliepace.com/retreat20...
https://earthgratitude.org/
https://www.amazon.com/dp/B09VFVBGRS
http://www.nataliepace.com/
$IAG Côté Gold is expected to be within the largest operating gold mines in Canada with an expected mine life exceeding 18 years and significant opportunities for growth. On a project level, combining the Côté and Gosselin deposits, Côté has a total estimated Measured and Indicated Mineral Resource1 of 16.5 million ounces with an additional 4.2 million ounces of Inferred1, putting the project in exclusive company of large-scale Canadian assets.
IAMGOLD Announces First Gold Pour at Côté Gold
Mar 31, 2024
https://www.iamgold.com/English/investors/news-releases/news-releases-details/2024/IAMGOLD-Announces-First-Gold-Pour-at-Ct-Gold/default.aspx
He's off and running
$IAG Côté Gold is expected to be within the largest operating gold mines in Canada with an expected mine life exceeding 18 years and significant opportunities for growth. On a project level, combining the Côté and Gosselin deposits, Côté has a total estimated Measured and Indicated Mineral Resource1 of 16.5 million ounces with an additional 4.2 million ounces of Inferred1, putting the project in exclusive company of large-scale Canadian assets.
IAMGOLD Announces First Gold Pour at Côté Gold
Mar 31, 2024
https://www.iamgold.com/English/investors/news-releases/news-releases-details/2024/IAMGOLD-Announces-First-Gold-Pour-at-Ct-Gold/default.aspx
He's off and running
$IAG Côté Gold is expected to be within the largest operating gold mines in Canada with an expected mine life exceeding 18 years and significant opportunities for growth. On a project level, combining the Côté and Gosselin deposits, Côté has a total estimated Measured and Indicated Mineral Resource1 of 16.5 million ounces with an additional 4.2 million ounces of Inferred1, putting the project in exclusive company of large-scale Canadian assets.
IAMGOLD Announces First Gold Pour at Côté Gold
Mar 31, 2024
https://www.iamgold.com/English/investors/news-releases/news-releases-details/2024/IAMGOLD-Announces-First-Gold-Pour-at-Ct-Gold/default.aspx
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.
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.
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 😃 Clearly, plenty of fund managers are buying into the change of narrative but whether others will join them depends on whether copper can consolidate its chart gains.
Column: Funds stampede into copper as price breaks higher
Reuters | March 27, 2024 | 8:54 am Intelligence Markets China Europe Copper
with MMGYS Soundtrack
The most recent COTRs capture the build in long positions just before copper peaked above $9,000 per ton. Much of the money entering the market was likely reacting to the chart break and the resulting upwards price momentum.
LME three-month copper has since retraced all the way to a current $8,860 per ton, a key technical level that acted as resistance in the previous year-long trading range and which, bulls hope, will now provide support for a new higher range.
If that resistance-turned-support thesis holds, heavier-weight money may well follow the shorter-term technical funds into the market. If, however, copper can’t hold its gains and falls back into the old range, some of its new fund friends may disappear as quickly as they came.
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 !!!