~*~Mining and Metals Du Jour~*~

[JD400]

*Morning Metals Roundup on the M+M*
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Morning Line Track Conditions: Heavy 8

Heavy 8 Soft track, just into Heavy range

Gold (US$/oz) -23.40 (1.36%) 1,697.60
Silver (US$/oz) -0.60 (2.29%) 25.55
Copper (US$/lb) -0.05 (1.21%) 4.09
Platinum (US$/oz) -25.10 (2.08%) 1,181.10
Palladium (US$/oz) +1.75 (0.07%) 2,335.25
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Market Movers

Franco-Nevada 5.94 4.16 $148.80

Lithium Americas 1.89 9.51 $21.77

First Quantum Minerals 1.70 6.37 $28.38

Ero Copper 1.41 6.06 $24.69

Altius Minerals 1.04 6.88 $16.16

Turquoise Hill Resources 0.99 5.55 $18.84

HudBay Minerals 0.86 9.82 $9.62

Great Bear Resources 0.85 5.90 $15.26

Agnico Eagle Mines 0.83 1.14 $73.91

Atalaya Mining 0.75 14.88 $5.79

Lundin Mining 0.66 4.65 $14.85

Wheaton Precious Metals 0.56 1.18 $47.90

Energy Fuels 0.55 8.35 $7.14

Largo Resources 0.47 2.54 $18.94

Seabridge Gold 0.42 1.97 $21.69
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HIGH VOLUME

Company Volume Last Trade

Ivanhoe Mines 12,650,928 $6.77

Discovery Harbour Resources 9,185,755 $0.06

Nevada Copper 6,577,006 $0.20

Manitou Gold 5,086,800 $0.09

Zinc One Resources 4,422,560 $0.03

Uranium Energy 4,234,966 $2.41

Kinross Gold 4,066,905 $8.51

Comstock Mining 3,877,195 $4.20

B2Gold 3,069,998 $5.70

Sulliden Mining 3,048,400 $0.15

Hawkeye Gold & Diamond 3,047,750 $0.03

First Quantum Minerals 3,029,642 $28.38

NextSource Materials 3,001,925 $0.35

Chilean Metals 2,602,024 $0.35

BMEX Gold 2,585,246 $0.24
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DRILL RESULTS

Great Bear Resources Drills 29.17 g/t Gold Over 15.50 m and 18.08 g/t Gold Over 15.80 m

Roscan Gold Continues to Expand and Upgrade the Kandiole North Discovery

Marathon Gold Reports First 2021 Exploration Drill Results from the Valentine Gold

Amex Exploration Inc. Reports Multiple High Grade Gold Drill ResultsUp to 17.89 g/t Au

Decade Resources: Drilling at Del Norte Indicates 2128.48 g/t Ag eq over 2.46m
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FINANCINGS

Ivanhoe Mines Announces Pricing of US$500 Million Convertible Senior Notes Offering

Ivanhoe Mines Announces Offering of US$500 Million Convertible Senior Notes

NexGen Energy Announces Closing of $150 Million Bought Deal Financing

Gold Royalty Announces Closing of Initial Public Offering

Gambier Gold Corp. Announces Strategic Investment by Crescat Capital

Search Minerals Announces Closing of $1,750,000 Private Placement
Forum Energy Metals Closes Non-Brokered Private Placement
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EARNINGS / PRODUCTION RESULTS

Wheaton Precious Metals Announces Record Revenue and Operating Cash Flow for 2020

McEwen Mining: 2021 Outlook and 2020 Year End and Q4 Results

Alexco Resource Corp. Announces Full Year 2020 Results and 2021 Outlook

Franco-Nevada Announces Record Annual Results and Dividend Increase

Wesdome Gold Mines Announces 2020 Fourth Quarter and Full Year Financial Results

Fortuna Silver Mines reports consolidated financial results for full year 2020

Superior Gold Announces Fourth Quarter and Full Year 2020 Financial Results
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PROJECT ACQUISITIONS

Norseman Silver Inc. Signs LOI for Taquetren Silver Project In Rio Negro, Argentina

FireFox Gold Secures Vast New Gold Concessions in Central Lapland Greenstone Belt

Puma Exploration Doubles Its Strategic Land Holdings at Williams Brook Gold

Ethos Gold Options Heaven Lake Ni-Cu-PGE Project in Ontario

Bullion Gold Resources Announces Option Agreement
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FEASIBILITY / PEAS / RESOURCES

Tudor Gold Completes Initial Mineral Resource Estimate at Treaty Creek 19.4 Million Ounces

Generation Mining Delivers Positive Feasibility Study for Marathon Palladium-Copper

Ascendant Resources Increases M&I Resources By 79% and Inferred Resources By 26%

Euro Sun Mining Announces Robust Definitive Feasibility Study for the Rovina Valley

Nighthawk Gold Substantially Increases Indicated Resources and Provides an Outlook
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MERGERS / ACQUISITIONS / JVS

Newmont to Acquire GT Gold in Agreed All-Cash Transaction

Discovery Harbour Resources Announces Agreement for Newcrest to Earn Interest in Fortuity

Minaurum Gold Acquires Strategic Interest in ASR Resources Corp. via Joint Venture

Midland Exploration Inc. and SOQUEM Inc. Sign Important Strategic Alliance

Spruce Ridge Resources Forms Joint Venture with Private Group to Explore VMS and Gold
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PERMITTING

Patagonia Gold receives Two Definitive Environmental Permits for Development

Bonterra Resources Announces Permitting Process for Bachelor Mill Expansion

PolyMet Mining Issues Statement Addressing EPA's Filing on Section 401 Determination

Northern Dynasty Minerals: US Army Corps of Engineers Accepts Pebble Partnership

Artemis Gold Makes Submission for Schedule 2 Amendment Process as Part of the Final...
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Gold and silver slip leading into the EU session

Rajan Dhall Friday March 12, 2021 02:57


(Kitco News) - Overnight in the Asian session gold and silver have turned are now looking bearish. Gold moved 0.69% lower and trades at $1710oz while silver moved 1.56% lower to trade at $25.70/oz.

After inheriting a positive handover from Wall Street the major bourses in the Asia-Pac area are all in the black. The Nikkei 225 pushed 1.73% higher, the Shanghai Composite is 0.47% in the black and Australia's ASX has increased by 0.79%.

In the FX markets, the greenback has made a comeback. USD/JPY was the best performing pair rising half a percent, while NZD/USD fell around the same amount. With the exception of tin, the base metals are mostly in the red with copper trading 1.43% lower and oil also dropped 0.52%.

After the US administration passed the stimulus bill, US Treasury Sec Yellen says some Americans will receive $1400 payments this weekend. This is leaving many wondering if we could see a rally in crypto, GameStop or retail-focused equities.

continues here>>>> https://www.kitco.com/news/2021-03-12/Gold-and-silver-slip-leading-into-the-EU-session.html?sitetype=fullsite
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Rick Rule seems to be coming around on metals market manipulation

Submitted by admin on Thu, 2021-03-11 22:11 Section: Daily Dispatches

10:24p ET Thursday, March 11, 2021

Dear Friend of GATA and Gold:

Interviewed this week by Tom Bodrovics for Palisades Gold Radio, mining entrepreneur Rick Rule, who has often scoffed at complaints about manipulation of the monetary metals markets, seemed fairly persuaded about manipulation of the silver market anyway.

Rule, who is retiring from management responsibilities at Sprott USA, repeated that all markets are manipulated sometimes. But he added that the silver futures market is so leveraged, with trading volume outpacing supply by as much as 200 to 1, that it is more susceptible to manipulation than other markets and that price smashes occurring in the least liquid trading hours indeed suggest manipulation.

The silver market's enormous leverage could make manipulation there unusually profitable, Rule said.

Possible culprits, Rule said, include entities with access to the largest amounts of money -- big banks, investment houses, and, he added -- remarkably, for him -- a "country," which may be construed to mean a government. Suggesting as much used to invite deportation to Tinfoil Hat Land.

Of course maybe Rule has read about the hundreds of millions of dollars in fines paid by investment banks in the last year upon their confessions to systematic and long-term manipulation of the gold and silver markets. Some of those banks have intimate formal relationships with central banks.

Rule even expressed cynicism about the New York Commodities Exchange, which, he said, places its own interests above the interests of investors and would resort to force majeure and arbitrary, non-market close-out pricing before it ever allowed longs in the monetary metals futures markets to defeat the shorts, as the Reddit crowd recently attempted to do. While such an observation indeed fairly characterizes longstanding Comex rules, it has not often been made in polite company in the financial industry.

The silver market is getting tighter, Rule said, and the physical market is starting to displace the paper market. He expects traders in the silver market to retreat from excessive risk on their own, before regulators press them to.

Rule contrasted the Sprott physical silver trust, PSLV, with other silver exchange-traded funds, noting that PSLV can hold only physical silver and cash, not mere pledges of silver, which other silver funds hold. So unlike those other silver funds, Rule said, PSLV has no counterparty risk. Again, while true, that point seldom has been raised in polite company. in the financial industry. But as he leaves his management roles, maybe Rule feels free to be more candid.

Rule volunteered that PSLV, a big buyer, long had no trouble obtaining silver in bulk, but getting unencumbered silver, silver with "impeccable title," has become more difficult lately.

There are no really good jurisdictions for mining investors, Rule said, adding that there is often more risk in supposedly safe jurisdictions like the United States and Canada than in some developing nations.

The interview with Rule is 48 minutes long and can be seen at YouTube here:

https://www.youtube.com/watch?v=aSGjS6gum_s

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]
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Rhodium backs off $30,000/oz; supply concerns still main issue

Excerpt from S&P Global Metals Daily Volume 9/ Issue 47/ March 9, 2021
– Filip Warwick

Positive outlook in auto sector
Sharp declines not expected
Long term may see $15,000-$20.000/oz range

Rhodium base prices eyed $30,000/oz last week before easing off, though the main price drivers continued to be the short supply from mines and secondary recyclers as well as strong industrial demand from Europe and the US, market sources said.

https://www.cpmgroup.com/rhodium-backs-off-30000-oz-supply-concerns-still-main-issue/
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If Silver Was Going To Crash, It Would Have Done So By Now

March 10, 2021 24


Those who have the benefit and conviction of understanding the silver market will reap the biggest rewards…

by Peter Krauth via Streetwise Reports

Silver is an odd metal.

The crowd loves to hate on it for decades. That’s simply because they don’t really understand it. But when sentiment flips, it becomes a rock star.

I think silver has entered its rock star period. And it’s about to generate a string of hits. They won’t be back to back, but they will be regular, with each subsequent one outdoing the previous.

You know what that means. I’m talking about an eventual new record all-time nominal high, followed by still more new records.

Continues here>>> https://www.silverdoctors.com/silver/silver-news/if-silver-was-going-to-crash-it-would-have-done-so-by-now/
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How Central Banks Create Money Out of Nothing

March 12, 2021
Stephen Flood
GoldCore


Central bank meetings over this week (Bank of Canada and European Central Bank) and next week (Bank of England and Federal Reserve) will almost certainly be centered around what approach the central banks should take regarding rising government bond yields.

Central banks can choose to continue more of the same, which is to remind markets that central bank policy rates are likely to stay low for the foreseeable future, and hope that longer dated bonds don’t get too high. A second option is that central banks can jawbone yields back down by discussing the possibility of more asset purchases. A third option is central banks could actually purchase additional assets. In particular they could purchase longer dated government bonds to force yields back down.

Continues here>>>> https://goldseek.com/article/how-central-banks-create-money-out-nothing
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"We Really Don't Have a Fear Trade Anymore" - Rounders of Finance


"In my club, I will splash the pot whenever the fuck I please."



Teddy KGB, Rounders


"It hurts doesn't it? Your hopes dashed, your dreams down the toilet. And your fate is sitting right besides you."

Teddy KGB, Rounders



"You're right Teddy, the ace didn't help. [pushes chips towards the center and flops down his cards] I flopped the nut straight."

Mike McDermott, Rounders



Stocks were on another run higher today, as it was risk on de luxe.

Gold and silver continue to climb out of the hole that the bullion banks and hedge funds hammered them down into.

Miners seem to be pacing the way up.

I would not rest too easy in any new long positions.

These jokers love to come back for seconds and thirds. It's a sociopath thing.

Rounders was one of my favorite 'gambling' movies.

We used to go out to Las Vegas three or four times a year in the 70's and 80's.

I liked to stay at the Frontier, so I could hang out in the Stardust Sports Book during the day.

But that was before they ruined the town, and turned the it into a corporate theme park.

It breathed easier when there were big stretches of desert between the clubs.

I got married in Las Vegas, in an actual church that used to be out in the desert all by charming self.

The last time I went out there that little Spanish style desert church was surrounded by condos and new houses.

Let's see how the rest of the week goes.

We are heading for a Minsky Moment.

Third time's the charm. Or is it four now?

Timing will be everything.

Just a series of booms and busts.

Who could see the next one coming?

The Fed reserves the right to splash the pot whenever they wish, on behalf of their benefactors.

But in this real life version of the film, Teddy doesn't pay off when he loses. So grab it off the table while you can.

Have a pleasant evening.
https://jessescrossroadscafe.blogspot.com/





Have a Good Day everyone

Stay Safe and Thanks

J:D

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