Strong Tech Earnings In The Face Of A Wall Of Worries
Ed Moya kicks off today by recapping the strong earnings out of IBM and Netflix. It’s another bullish point for the markets however there are a number of bearish events that are hanging around where the market has paid very little attention to. It all comes down to the Fed and it’s messaging moving through this year.
Click here to visit the OANDA website and follow along with what Ed is writing on a daily basis.
Just when it seemed Polymet had all their ducks in a row on permitting, there is still continuing local pushback and the permits went back to legal review once again, after more than a decade of water studies, environmental studies, and the company doing what they can to appease each stakeholder. It will be amazing if they ever get the permits to move forward into development and construction to optimize some of the old mining infrastructure in place that needs a facelift from days gone by when Minnesota wasn’t so against mining.
https://www.voimagold.com/insight/gld-a-crash-course
GLD explained
This market maybe stong but due for a profit taking event after FOMC next week.
Market has gone vertical line new year, up too fast, vertical moves like this always come down. Beware. I’m out and plan too buy the dip when it comes.
Adamera and Hochschild Mining Sign Agreement on Cooke Mountain Gold Project
Vancouver, B.C. – TheNewswire – January 22, 2020 – Adamera Minerals Corp. (TSXV:ADZ); (OTC:DDNFF) announces it has entered into an option / joint venture agreement with Hochschild Mining (US) Inc., a wholly-owned subsidiary of Hochschild Mining PLC (LSE:HOC) on its Cooke Mountain gold project in Washington State. Hochschild is a leading underground precious metals producer focussed on high-grade silver and gold deposits. With over 50 years’ operating experience in the Americas they are well suited to explore and develop Adamera’s many high-grade gold targets at Cooke Mountain.
https://ceo.ca/@thenewswire/adamera-and-hochschild-mining-sign-agreement-on-cooke
That was definitely the big news of the day and good on ADZ shareholders that held through the tough times. Hochschild is one of the big boy producers and good to have them take an interest in Adamera’s project.
Ex, you are correct on that. Hopefully they will find out if that Big Banana deep target that Stargate2 was on about several years ago pans out.
EXPLORATION REQUIREMENTS FOR SUCCESSFUL DISCOVERY Q1 2020
https://www.adamera.com/site/assets/files/5390/adamera_q1_2020.pdf
Yes, I remember those endless blog debates between Stargate 2 and the rest of the forum on a number of different company rooms. Best of luck on the Big Banana deep!
PROFIT! Peter Dasler, President, CEO Canalaska Uranium
A lot of these PGM stocks have Rhodium, at $9000 US about $11700 CDN it wouldn’t take too much to blow the lid off some of these penny juniors. One thousand ounces of Rhodium = $9 million US. I am having a ball trading, I hope everyone one else doesn’t miss the icing! DT
DT – I agree that PGM stock have been a blast lately, and yes in addition to Palladium screaming higher, and Platinum finally starting to move, that the Rhodium components are another kicker in some of these deposits. I know Group Ten put out a release about Rhodium assays pending.
Group Ten Metals Completes Drill Program at Platinum, Palladium and Rhodium-Bearing Targets at its 100%-Owned Stillwater West PGE-Ni-Cu Project in Montana, USA
October 31, 2019
(PGE) Group Ten Metals was up 12.1% today. Moving right along.
Chris Ackerman – Corporate Communications & IR
(PGE) (PGEZF) Group Ten Drills 399 Meters of Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization from Surface in the Camp Target Area at Stillwater West
https://www.linkedin.com/posts/chrisdackerman_gold-copper-nickel-activity-6625378228196519936-u_Lw
(PLG) (PTM) Platinum Group Metals Ltd. Announces Positive Independent Definitive Feasibility Study for the Waterberg Palladium Mine
09/24/2019
> IRR Post Tax of 20.7% at Spot Metal Prices Including an Estimated Smelter Discount (September 4, 2019)
> Proven and Probable Mineral Reserves Estimated at
19.5 Million Ounces of Palladium, Platinum, Gold and Rhodium for a Life of Mine Plan of 45 years
> Annual Steady State Production of 420,000 Ounces of Palladium, Platinum Gold and Rhodium plus 16.7 million Pounds of Nickel and Copper
> Fully Mechanised, Shallow, Decline-Accessed Mine would be One of the Largest and LowestCash Cost Underground PGM Mines Globally
(BULL) Canadian Palladium Resources was up 32.4% today after a few double digit days higher lately. Wowzers!
(NAM) New Age Metals was up over 41% Gadzooks! It’s put in a few double digit days as well.
(NMPNF) Northam Platinum Limited was up 18%
(GENM.CN) Generation Mining Limited up 17.4%
(PDM) Palladium One Mining Inc. +14.29%
(XTM) Transition Metals Corp. +13.16%
(AAB) Aberdeen International Inc. +12.50%
(PGE) Group Ten Metals Inc. +12.07%
The candleglance #chart in some of these PGM stocks show many that have made steady increases where some have recently gone parabolic:
That was supposed to post as a 6 month chart (not the 2 month), but it is easy to toggle to the 6 month or 1 year chart using the “period” drop down on the charts.
Off Topic :
Minnesota Star Tribune. Hearing probes PolyMet Permit
Court documents say State Agency wiped two regulator’s computers clean.
Who’s in Court
The mine opponents: Center for Biological Diversity, Friends of the Boundary Waters Wilderness, Minnesota Center for Environmental Advocacy, Water Legacy and the Fond du Lac Band of Lake Superior Chippewa
The defendants: Minnesota Pollution Control Agency and Toronto-based PolyMet Mining
Opening hearings Tuesday.