US markets all reaching all-time highs!

November 21, 2016

The more noteworthy moves today were in US equity markets. the S&P, NASDAQ, Dow and Russell 2000 all extending gains to record levels. This goes hand in hand with the VIX breaking it’s short-term uptrend line. We also touch on oil’s gain today (which is helping the broad markets) and gold still grasping to hold $1,200.

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    Nov 21, 2016 21:39 PM

    Mexus Gold US releases an update on its Santa Elena mine
    November 21, 2016

    Mexus Gold US (OTCQB:MXSG) along with its JV partner MarMar recently decided that the best option for gold recovery at the Santa Elena mine will be a Merrill Crowe system. The decision to use this system instead of Electrowinning was made in part because a Merrill Crowe system will allow Mexus the opportunity to scale the recovery plant as production increases. Mexus now plans to ship a 400-600gpm Merrill Crowe plant from its Walnut Grove shop to the Santa Elena mine site. This plant was purchased by Mexus in 2014 and had been readied for use when needed. The recovery plant has been disassembled, loaded, and is ready to be shipped around November 27th.

    CEO Paul Thompson toured the mine site Friday, November 18th. Mr. Thompson and engineers from MarMar were able to determine the optimal size and placement of the pad for the recovery system. Mexus and MarMar continue to explore every opportunity in regards to costs and production. Added CEO Thompson, “I’m thrilled with the decision to use a Merrill Crowe recovery system. This system is best suited for our long term production goals and gives us flexibility in the size of plant we will ultimately need. The installation of this system is really quite simple. It was disassembled with all parts being marked for ease of installation. This system will payoff many times over in the years to come.”

      Nov 21, 2016 21:48 PM

      IMPACT Silver Announces Third Quarter 2016 Financial and Production Results
      November 21, 2016 – (IPT)

      Financial Overview

       Revenues increased 15% in the third quarter to $4.7 million from $4.1 million in Q3 2015, due mainly to higher silver prices.
       Mine operating earnings before amortization and depletion improved 33% to $1.2 million in Q3 2016 from $0.9 million in Q3 2015.
       Net loss for the quarter was $0.7 million which included $1.1 million of non-cash items in amortization, depletion and share based compensation. This compared to a $0.3 million net loss in the same quarter of last year, which included $0.6 million of non-cash items in amortization and depletion. Excluding non-cash items, adjusted net earnings in Q3 2016 were $0.4 million compared to $0.3 million in Q3 2015.
       Cash flows generated from operations were $1.3 million for the third quarter of 2016, compared to cash flows generated from operations of $0.4 million in the same period of 2015.
       The Company’s cash position at September 30, 2016 improved substantially to $8.2 million compared to $0.7 million at December 31, 2015. Net working capital correspondingly improved to $11.1 million at September 30, 2016 from $2.9 million at December 31, 2015.

        Nov 21, 2016 21:32 PM

        The author of this editorial isn’t very kind to Silver in the near term…..

        Silver Gets Ugly
        Nov. 21, 2016 – Andrew Hecht (7,931 followers on Seeking Alpha)

        Nov 22, 2016 22:26 AM

        Investors did not like this bought deal from Avino announced yesterday afternoon. It’s down about 23% today on the financing news. Ouch!

        It’s been fun swing-trading ASM, but this news caught me by surprise along with most. It is wise longer term to raise funds while they can, but man it hurt the share price in the short term. I was considering adding more recently, but I’m glad I waited as it will be a much better entry once this dust settles.


        Avino Announces Bought Deal Offering of US$10 Million
        November 21, 2016

          Nov 22, 2016 22:44 AM

          I was just about to ask you what was going on, Ex. Thanks 🙂

            Nov 22, 2016 22:49 AM

            Yep, a bit brutal, but setting up a good time to position for those that want to add or start positions in ASM. Financing announcements hurt most stocks in the short term, but they are necessary for the longer term vision of the company. I believe some of this may be used not just in the Mexico mines, but to move the Bralorne Gold mine further in BC, Canada.

      Nov 21, 2016 21:41 PM

      Midas Gold Intersects 35.2 Metres Grading 3.1 gt Gold at Stibnite Gold Project in Idaho
      Midas Gold Corp. (TSX: MAX / OTCQX: MDRPF)

        Nov 21, 2016 21:49 PM

        Canadian Gov’t grants key Licence for World’s Largest Gold Project
        Cecilia Jamasmie | about 12 hours ago

        Nov 22, 2016 22:05 AM

        $MNY $SAIDF Montan Mining Trade Resumption press release incorrectly stated that they’ll start cash flowing from operations in Q1 2016 (They meant Q1 2017). Ooops!!!

        Here’s the quote again: “In progressing toward this binding agreement, Montan is advancing due diligence and technical report preparation. The company is satisfied it is on track to complete the acquisition and commence cash flowing operations in Q1 2016,” stated Ian Graham, chief executive officer.

        Regardless – It’s a big milestone for Montan Mining (which hardly anyone is following from what I can tell), and they are a development stage company going into production next year due to that acquisition they just made.

        This may be a sleeper stock until the market wakes up and realizes what they have going on, but I’ve got a position lower than where things are today, and will likely add a little more before they get things ramping up into production in early 2017.


          Nov 22, 2016 22:33 AM

          Investor relations mentioned there should be more media releases out later in the week to clarify everything.

    Nov 21, 2016 21:57 PM

    Donald Trump is doing the right thing by bringing career politicians from the Republican party into his new government and that is one of the biggest drivers for the conventional markets. He needs to consolidate his power by healing the rifts that are perceived by his party towards his presidency. Doug Casey is also right when he say’s Trump should stay away from the political hacks and bring in more outsiders. Trump is very much his own man and when he becomes President if the people that surround and advise him don’t learn his agenda and how to implement it, he won’t waste time replacing them with others from the outside world who do. He will not tolerate a secretary of state that blunders like Hillary did in Libya. IMHO!

    Nov 21, 2016 21:44 PM

    Canada to fully phase out Coal Power by 2030
    Cecilia Jamasmie | about 11 hours ago

    Nov 21, 2016 21:50 PM

    1999 neer the GOLD Bottom ? Hum Hum !

    Nov 21, 2016 21:03 PM

    What???no pot stock chatter???

    Nov 22, 2016 22:39 AM

    Was a top 3 pick again by another analyst on bnn….makes it 3 in the past month and they have very few resource guys on so it may be 100% of the resource analysts pick

    Nov 22, 2016 22:15 AM

    I’m kinda surprised we haven’t had a nice correction in the general markets. When will reality kick back into this post election pipe dream?