What to watch for this week
No major moves in the markets today but we are seeing the VIX creep up. Chris Temple and I look to the rest of this week as what might move markets. Possible data and meetings include a meeting between Trump and Putin, Fed minutes, the G20, and on Friday the non-farm payrolls.
To get a free copy of Chris’s special mid 2017 issues you can email me directly – fleck[at]kereport.com – or email Chris – Chris[at]nationalinvestor.com
Click download link to listen on this device: Download Show
Volvo Plans to Go Electric, to Abandon Conventional Car Engine by 2019
July 5, 2017 – William Boston
CEO reiterates target of selling one million electric cars and hybrids by 2025
https://www.wsj.com/articles/volvo-to-phase-out-conventional-car-engine-1499227202
Lithium 2017: “Halftime Report”
July 3, 2017 – Joe Lowry – One of the World’s Leading Lithium Market Experts
“The second half of the year should be interesting. Demand growth is clear, supply growth beyond 2017 is still a question mark. Watch the shipments of concentrate from Oz to China (you can get these online), construction progress at Cauchari and PLS, Galaxy’s next move at SDV and what happens in Quebec. Stop worrying about price for now – everyone producing now or in the next couple years will do well.”
* The “Junior World”
Lithium Americas: LAC probably suffers more from investor fatigue and cynicism than any other junior. In the past year they have formed long term strategic partnerships with two of the best companies in the business, SQM and Ganfeng, and secured funding for their share of Cauchari development. Their reward has been a big yawn from the market. I continue to accumulate at favorable prices but DYOR.
Galaxy: Mt Cattlin is operating and has very attractive pricing. Hopefully Sal de Vida development accelerates soon.
Orocobre: Despite many start-up issues ORE has to be considered a player given they are now producing >10K MT LCE. Yes, well below capacity and still some quality issues, but since their average carbonate price is higher than ALB’s – we can’t discount my new “pal” Richard. We all want ORE to succeed.
Pilbara: The ink is barely dry from the recent financing. Now fully funded, PLS can move forward. The market needs the LCEs.
Nemaska: I have written about Nemaska recently so will refer you to prior posts. I love the technology, potential to change the hydroxide cost curve and the fact they can develop in a phased manner if necessary. That said, financing is still the elephant in the room.”
https://www.linkedin.com/pulse/lithium-2017-halftime-report-joe-lowry
#Battery Metals Stocks Drain, But the Industry Outlook Remains Charged
Posted By Alex Cutulenco & Thomas Chapman -SmallCapPower – July 4, 2017
#Lithium #Cobalt $FCC $FTSSF $NMX $NMKEF $ECS $ECSIF $GXY.AX $GALXF
http://cdn.ceo.ca/1clq6ju-4-Battery-Metals-July-4-2017.pdf 0 from #index, 2 minutes ago
Denison Announces 22.5% Owned McClean Lake Operations Granted 10-Year Licence Renewal by CNSC
(Marketwired – July 5, 2017) – (DNN) (DML)
Denison’s President and CEO, David Cates, commented, “We are quite familiar with the CNSC’s rigorous processes, having worked closely with the CNSC for many years in regards to our own reclaimed mine sites in Elliot Lake, and we are very pleased with the outcome of the McClean Lake renewal process. AREVA continues to be a tremendous partner at McClean Lake and we are very appreciative of not only AREVA’s commitment to the licence renewal process, but also their commitment to operating the McClean Lake operations with the utmost respect for employee safety, the environment, and the neighbouring northern communities.”
This is a lengthier report from the Swiss Resource Capital on the Uranium market, but it is very well done for those interested in this sector:
___________________________________________________________________________
Uranium Report 2017
Everything you need to know about Uranium!
Resource Capital AG
$ANF $API $DML $EFR $FCU $GXU $LAM $SKY $UEC $URA
https://www.resource-capital.ch/fileadmin/reports/2017/final_Uran_en.pdf
Bulls Eye: Place Your Bets on Tinka
by @PamplonaTrader on July 4, 2017
“In their research note, GMP Securities assigned a price target of C$1.00/sh (0.8x NAV multiple applied to NAV8% of C$1.25/sh), implying over 56% upside from Friday’s close. It should be noted that GMP Securities calculated the NAVPS at C$1.25 based on the NI 43-101 compliant resource of 18.8Mt @ 5.9% Zn (8.2% ZnEq including by-products), which was published a year ago. GMP Securities also assumes a zinc price of US$1.10 per pound.”
“This is just the first of much more coverage to come for this under-appreciated junior. …”
https://ceo.ca/@pamplonatrader/bulls-eye-place-your-bets-on-tinka
@PamplonaTrader – “Zinc stocks following #zinc price higher.”
@PamplonaTrader – “$TK Tinka breakout just getting underway.”
CME plans to boost Zinc storage network, challenge LME
July 05 2017
“NEW YORK (Scrap Register): Chicago Mercantile Exchange (CME) has planed to expand its warehouse network into Asia and Europe for the storage of zinc.
The CME Group is talking to several warehouse companies to expand its zinc metal storage network into Asia and Europe, a move that could further challenge the London Metal Exchange’s (LME) dominance.
The CME zinc contract was launched in 2015 and earlier 2016 the exchange followed with a lead futures contract.
A US regulator, Commodity Futures Trading Commission (CFTC), has granted exchange operator CME Group Inc approval to set warehouses for zinc deliveries in EU and Asia, according to media reports.
This will be the first time for New York Mercantile Exchange (NYMEX) and Commodity Exchange (COMEX) to deliver goods for metal futures outside United States.”
http://www.scrapregister.com/news/42828/cme-plans-to-boost-zinc-storage-network-challenge-lme
Zinc to trade in 178.5-183.7: Achiievers Equities
Jul 05, 2017
“According to Achiievers Equities, Zinc ended with losses on profit booking tracking weakness in LME prices after prices gained amid dwindling stocks and shortages.”
Good stuff, Excelsior. Base metal and industrial metals as well as softs look really good right now. The PMs will be weak for another month or two. The good news is, after this last wash in PMs, it’s going to get really exciting for those stocks.
Right now the safe haven is commodities and EMs.
Hi Chartster. Yes, I agree that there are a few interesting opportunities in the Base Metals, Battery Metals, and even Specialty Metals. As for Emerging Markets, it seems like it may finally be their time to shine.
Copper is still a bit oversupplied, but there are some supply destruction/interruption stories developing that may underpin prices in this general area. Battery enthusiasts remain optimistic on Copper though, along with Cobalt, Manganese, & Nickel.
Palladium has had a hell of 12 months, and hardly anyone is discussing it.
Platinum will be playing catch up to Gold and Palladium soon, which may breathe some life into the stocks that have been absolutely hammered.
Some are animated about Scandium, Hafnium, Tantalum, Beryllium, Vanadium, and the magnet metals Neodymium and Dysprosium.
Lead and Zinc have been in an upward trajectory for the last 12 months, and it seems sustainable, so this will be a boon to most Silver producers or developers as it improves their economics and “Silver Equivalent ounces”.
Zinc has been the standout though for it’s bullish fundamental backdrop, and I have exposure to a half dozen Zinc Explorers & Developers at present.
Fun times!
I’ll post these articles from my buddy Brian Leni as he did a great job of unpacking the fundamental story of what has been driving this space as of late.
______________________________________________________________________________
Zinc’s Bullish Narrative – Part 1 – A Look At Supply
Brian Leni P.Eng – Founder – Junior Stock Review
http://www.juniorstockreview.com/2017/04/10/zincs-bullish-narrative-part-1-a-look-at-supply/
Zinc’s Bullish Narrative – Part 2 – A Look at Demand
Brian Leni P.Eng – Founder – Junior Stock Review
http://www.juniorstockreview.com/2017/04/18/zincs-bullish-narrative-part-2-a-look-at-demand/
Gold Sentiment Lowest Since December 2016
by @Goldfinger on July 5, 2017
” The gold Daily Sentiment Index (DSI) is at its lowest level since December 2016 when gold was well below $1200/ounce (and on the verge of rallying more than ~$100/oz):
Gold (DSI) Chart:
“Does sentiment in extreme bearish territory mean a bottom is imminent? Maybe, maybe not. The fact that gold has a strong historical tendency to make a major low in July adds weight to the bottom theory. However, so far there is no technical evidence that gold is on the verge of putting in an important low. ”
https://ceo.ca/@goldfinger/gold-sentiment-lowest-since-december-2016
Silver is a buy….
For those who need more…..or do not have any
Kootenay Silver Inc. CFO: We Have Some “Serious” News Releases Coming This Summer
VIDEO interview by SmallCapPower -July 5, 2017
“Kootenay Silver Inc.’s (TSXV: KTN) Chief Financial Officer talks about the silver price and why this summer should be exciting for Kootenay shareholders”
https://smallcappower.com/videos/editors-pick-video/kootenay-silver-cfo-news-flow/
Jerry, silver is a bargain relative to gold.
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=0&mn=6&dy=11&id=p28617669991&a=532942944
Ditto
But, but, but… if the g-s ratio can break above its uptrend channel and show that the bullish H&S continuation pattern is real, then it should fly to 80+ quickly before dropping hard. (That’s more like 8 not 80 when looking at GLD:SLV instead of gold:silver).
http://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=5&dy=0&id=p43684830172&a=521820217
Such a move would keep pressure on the sector until complete.
‘Major Surplus’ in Silver but Price Seen +7% in 2017
Thursday, 6/08/2017
https://www.bullionvault.com/gold-news/silver-price-060820172
of course it is, it always is.
Chris and Cory taking the time to highlight what might MOVE MARKETS into the end of the week,imagine that! actually acknowledging that key market events actually move the charts..now where have I seen that highlighted before, hmmm
ok paid troll boy spin your bs and tell me Chris and Cory are clueless as to what drives chart trends that being events-Us Data etc
Agree Chris the big # to key into is a tag of 3.00 on the $TNX chart but the real resistance comes in at the two previous highs at 26.15-21
This is rich, little Billy trolls while calling me a troll. The idiot even thinks I’m getting paid!
yup with that immature response completely ignoring the point you are a min wage paid troll here at KE….I knew it ….can smell you amateur hacks a mile away…..
thanks for confirming market events do influence chart trends and the reason why you are here….the KE blog jester!
You’re just a narrow-minded dirtball, Billy.
Funny how you’ve ignored the fact that Rick A. doesn’t conform to your authority. LOL!
Rick A states he ignores market data because of the system he applies but he will react to that trend change or he’d be broke along with his followers just as I don’t see him suggesting short positions in gold or silver so his followers are pm bulls…..dont want to peee off the subscribers,lol….but shorting US equity indexs no problem,yup a gold bug site…..see how thjck you are but I’m not shocked in the least…typical troll action….just like the others here who post a paragraph using 4 posts KE gets rewarded by # of posts….typical
Again, you are wrong. He offers short setups on anything, including gold. No one gets pissed either.
Rick Ackerman reacts to price on the charts period. Yes, he will adjust if his mid point pivots or support/resistance pricing targets are hit or exceeded, but he trades off the charts and pricing…. not the news.
TraderBill – I seriously doubt the KER pays anyone to post here. That’s just silly.
Matthew has proven himself (for years) as one of the better chartists on any site, and is as skilled as any pro in technical analysis I’ve come across (and I follow about 2 dozen technicians on multiple sites for PMs and general equities).
Matthew is also one of the better stock pickers I’ve come across in micro-cap Jr miners, and he’s been posting here for years and offering interesting commentary. From what I gather after chatting with him for over 5 years is that he has substantial positions in the companies he follows, puts his money on the line, and you continually calling him and amateur when most of his picks were up 300-1000% in 2016 is a bit silly.
I’m always interested in learning from anyone, and if you are as good as you claim to be, then I look forward to learning from you as well. However, stick to posting good content and lay off the name calling, as constantly insulting one of the high quality contributors on here is not a benefit to anyone and is getting tiresome.
Thanks Ex! The check’s in the mail! 😉
Cheer Matthew. I’ve always respected your contributions here and many have expressed the same thoughts for a long time. Keep up the great work.
oh look here comes another paid troll.omg soooo obvious!!
And I’m the amateur?! Your “analysis” (guesswork) sucks, buddy!
Big Al and Cory – If I’m supposed to get paid after posting here since 2012, then it must be a big check accruing after all this time, because so far I’ve never seen a cent. Since IrishT and OOTB and CFS have been posting here about the same amount of time, I also wonder if their checks are even bigger and if they’ve bought those private islands off blogging yet 🙂 (hahaha!) Ridiculous.
My posts have always been from the desire to share breaking news, network with like-minded investors, and share good investing ideas. I post because I want to and have never been compensated for a word.
If Al gets mad at you’ he takes away your posting privileges and you are banished to Korelin jail. That privilege comes with free movies and cartoons, beer or wine, and fast food as much as you can eat. On Saturday night you get Denver cigarettes but no conjugal visits, just ask Jerry, he was banned by Al and when someone tried to post bail he wouldn’t go. DT
Jail was hell…plus the only thing served was canned tuna melt…. 🙂
the no conjugal visits is a bummer too….. (lol)
My check is so big,…..why, that is why I call him BIG OWL…..lol…. 🙂 🙂 🙂
Hahaha. What a player!! Cha-ching. I was actually reading you and Irish give the Big Owl a hard time back in 2011 and used to like your banter. After all this time I figured you were making a killing on here in large checks.
Of course, none of us get paid as much as Doc does…… 😉
Irish….made so much,he bought out Windsor Castle,and kicked the Queen….
Out
Devil with the red dress on…
I expected so. IrishT is a baller though…..
I was thinking of definition #3 for Irish.
If you see definition #2 (then I just excluded myself) = pay cut.
Swag….”some what angry guy”…..fits Irish to a T…… 🙂
Who is the person who just bought the swimming pool off Matthew’s stock tip..?
Skeeta. He our micro-cap Aussie stock picker (and I believe he picked many of the stocks after doing his own due diligence).
I’d actually like to hear from Skeeta more often, and always appreciated some of the companies he would highlight on here.
Skeeta also taught me the term “Brass Razoo”. 🙂
You can learn a lot hanging around here … 🙂
+1
Is trader bill, related to the BIRD ?
Matthew dont let him get to you.
Why is he getting his knickers in a twist ?
Some might say it’s ENVY.
Hi Guys,
Yes it was me that put in the tiled concrete pool etc with my mining stock profits from the nice run up we had.
Most were from Aussie listed companies, but almost one third of those profits came from stocks mentioned on here by Mathew, Ex & several other people at the time.
I was and still am very appreciative for their thoughts on those companies that benefited me quite handsomely back then.
Unfortunately its in the dead of Winter here at the moment so I’m not swimming, it was -4 Deg. C here last Saturday morning so threw the kids in the car & an hour later we were in the snow fields for the day instead.
But the pool will be in use again quite soon…another 4-6 months & the temperature will no doubt hit around the 40 Deg C again for days on end.
Hope your all well
Cheers.
BTW…Doray is getting an absolute flogging on the ASX today after releasing info regarding Andy Well…currently down 29.51 %…LOL.
Hey Skeeta. Good to hear from you out of the chilling winds of the deep winter. Snow Fields actually sound refreshing as I’ve been in 35-38 deg C temps lately, but just cooled off in the ocean over the last few days….
Yes, I’m looking forward to the next big run in the miners to shave off some profits and dump them into a few of my home projects.
Yes… noticed that latest pummeling with Doray, (not a shareholder though).
-I’ve been buying back into Teranga, after their recent sell down from the GDXJ rebalance, and still like their growth profile when they put Banfora (from Gryphon into production next year)
– Been averaging down in Alkane Resources and was very impressed from their recent revised guidance for increasing Gold production and reduced costs on their guidance. They deserve a re-rating considering the size/scope of their specialty metals project in development, and often are only valued based on their Gold mine.
My favorite Aussie Gold producer…. hands down…. is Blackham Resources. I’ve been adding quite a bit, and feel the market really over-reacted to their reduction in 2017 guidance due to a few startup glitches and record rainfall conditions to deal with earlier this year. When the ramp up towards 100K-200K ounces per year by 2018 I expect their shares to be many multiples higher.
I’m encouraged that Heron Resources finally got their Woodlawn Copper/Zinc development project funded for construction in Australia (although it was rather dilutive). With rising metals prices it may still be a very robust project.
Galaxy Resources, Pilbara, and NeoMetals still have my interest in the Lithium sector run by ASX listed companies.
As for Canadian companies operating in Australia, I still like Novo Resources and Vendetta Mining.
A buddy of mine has me reviewing a few more Aussie run exploration stocks like Mod Resources, Amani Gold, Ardea Resources (previously spun out of Heron), Alicanto Minerals, and Predictive Discovery.
Skeeta – I’ve kept an eye on other companies we’ve discussed in the past like Azure Minerals, Centennial Mining, Havilah Resources, Millenium Minerals, Red 5, ABM, Aurelia, Excelsior Gold, Crater Gold, etc….
Do you still think Troy Resources may remain a dog?
Do you have any thoughts on Evolution Mining or Kingsgate Consolidated?
Any thoughts on the ASX stocks are always appreciated. Cheers!
Hi Ex,
Apologies I haven’t been around much in the last few months…been busy doing reno’s on some Real Estate holdings (what fun but thats another story in itself !).
I still have minor miner (pun intended) positions in my Aussie listed stocks. The big bulk of them are freebies (free spin out shares from miners who divested their gold holdings & spun them out after hitting major other assets…think Kidman Resources/Luthium discovery etc).
I am currently mostly in cash…waiting for another chance to buy in again for another run up…then sell when I think it gets overbought again.
I know damn well I won’t get either the top nor the bottom but thats OK.
But if I make & take another sizable profit then I’ll be happy to sell & turn paper profits into other hard assets.
Then look at the Miners again after another future correction etc.
IMO too many gold bugs are waiting for a Tsunami in the markets.
….Im happy to just catch the waves given to me & book profits into other hard assets….but thats just me.
Cheers.
Agreed Skeeta. It’s all about catching the waves up and trimming into overbought conditions. Rinse and repeat. Wishing you all the best sir.
Tiny cap envy😉
Micro capper…. 😉
Hell, Jerry….learn to spell crapper correctly.
I was just trying to be nice….. 🙂 ha,ha,ha
Nano-cap Nonsense. (nanu nanu)
Goodbye For Now – “Nanu Nanu”
Robin…..was one funny guy
I think I am the only one paid to post on this site, a measly $1 per annum. But that’s all Rob McEwen is paid to run MUX, so I will continue to post as long as Matthew and Doc and Trader Vic share their wisdom here. I wonder if MUX bottomed today at 2.48 ?
Cost you a $1 to find out…
Profiting From Arbitrage with Jayant Bhandari
by Tom Wallace on July 2, 2017
https://ceo.ca/@tomwallace/profiting-from-arbitrage-with-jayant-bhandari
(SAND) (SSL) Sandstorm Gold Closes Mariana Resources Acquisition; Adds Hot Maden Interest to Royalty Portfolio
July 3, 2017
(SAND) (SSL) Sandstorm Gold – Nolan Watson Video on Hot Madden from Mariana.
Rep. Nolan introduces land exchange legislation for PolyMet NorthMet Project
St. Paul, Minn.
July 3, 2017
“PolyMet Mining Corp. (TSX: POM; NYSE MKT: PLM) reports that U.S. Rep. Rick Nolan, D-MN-8., has introduced bipartisan legislation to direct the secretary of agriculture to move forward with the land exchange between PolyMet and the U.S. Forest Service.”
“We are committed to moving the project forward in a thoughtful and expeditious manner and are pleased Congressman Nolan is taking this step to bring closure to the land exchange process,” said Jon Cherry, president and CEO. “In this legislation, Congress would ratify the Forest Service’s determination that the exchange is in the best public interest and moves for the exchange to be completed within 90 days of the bill’s enactment.”
Sarama Resources Identifies Gold-In-Soil Anomalism Over 10km-Long Trend at Its 100%-Owned Botoro Property in Burkina Faso
Marketwired – July 5, 2017
https://ceo.ca/@marketwired/sarama-resources-identifies-gold-in-soil-anomalism
I’ve been adding to my (MTO) Metanor Resources position recently Eric Sprott Announces Investment in Metanor Resources Inc.
(Marketwired – July 4, 2017) –
“Eric Sprott announces that, on June 30, 2017, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 4,000,000 common shares of Metanor Resources Inc. (representing approximately 4.9% of the outstanding shares) at a price of $0.85 per share, for aggregate consideration of $3,400,000, pursuant to a share purchase and sale agreement with various investors.”
“Mr. Sprott now owns or controls 12,126,800 shares and 5,128,500 common share purchase warrants (representing approximately 14.8% on a non-diluted basis and 19.9% on a partially diluted basis assuming exercise of such warrants). Prior to this acquisition, Mr. Sprott beneficially owned or controlled 8,126,800 shares and 5,128,500 warrants (representing approximately 10.6% on a non-diluted basis and approximately 16.2% on a partially diluted basis).”
https://ceo.ca/@marketwired/eric-sprott-announces-investment-in-metanor-resources
“GDX Under Pressure: The Trump Range must hold!”
http://www.trendlinemagic.com/2017/07/gdx-under-pressure.html
FOMC minutes later today!