Capella Minerals – Expanding Land Packages In Norway, A Resource Estimate Coming and Drilling Starting Soon At The Savant Gold Project In Canada
Eric Roth, President and CEO of Capella Minerals (TSX.V:CMIL – OTCQB:CMILF) joins me to provide an update on the expansion of land packages in Norway as well as a drilling update from the JV partner at the Savant Gold Project in Canada.
We start with the expanding of land packages in the Hessjøgruva and Vaddas-Birtavarre Copper-Cobalt Districts in Norway. We focus on the big picture strategy in country and the initial early work plans.
Next is over to Canada with a exploration and drilling update from the Savant Gold Project under a JV agreement with Prospector Metals Corp. This is a drill program that will be fully funded by Prospector as the Company earns into it’s 70% interest in the Project.
Click here to visit the Capella Minerals website and read over the recent news.
One of the most serious problems the Western World faces is the dysfunctional quality of leadership. The agenda has been to allow those fair weather “leaders” to move to the top that play the game being blind to the transfer of wealth and assisting in deregulation and undermining the Law for personal gain.
As the systems implode, and the failing policies begin eating away at the economies of all the free world it requires truth and acceptance of the old theory of leadership “that the buck stops here”. There are no imagined leaders that can accept responsibility for the failure of the system they created or offer corrected measures as that also would identify the source of the problem. But rather those ”leaders” acting in their own interest must spin truth and kick the can down the road, and point fingers in all directions, create diversions of issues as there was never any intent to do the jobs they assumed. Only sustain the lies they live and slither from their duty.
Leadership: true leaders are repulsed by the system our chosen “leaders” perpetuate and defend for personal gain. Real leaders will not be elected when lies dominate all facets of the system. Real leaders surface when the false leaders are legally disposed of either by election or jail, but always by law. If the law is undermined, the dysfunctional system survives and the lies continue.
Us dollar is up 1.01 to 109.28, very close to Rick Ackerman’s call at 109.45, which he made 3 months ago. DT
Algos only following the dollar as it is the only metric that they can easily tie the drop of the metals to and not have to spend a lot of time trying to create counter-intuitive results. Alasdair Macleod estimated the dollar could go $1.20 before things begin imploding in one form or another. We shall see.
ok good input…thanks!
Ackerman’s “hidden pivot” method is often extremely accurate to the penny.
According to GoldSeek, the dollar hit 109.29 so stick a fork in it, it’s likely done for now.
I assume silver will find a bottom within the next 3-5 months, if not this month. However, I think it will be capped at its now declining 100 WMA until the 100 WMA crosses back below the 200 WMA. It’s quite possible we won’t see such a cross until early 2024.
Basically, I anticipate silver could be stuck in a triangle type consolidation between the declining 100 WMA and the flat 400 WMA for the next year and a half. When the 100 WMA crosses back below the 200 WMA, that will be the lowest risk point to buy. I am expecting an absolute moonshot over a very short period of time thereafter (moonshot lasting 2-3 years max which should see silver well over $100).
The silver chart looks remarkably similar to the grains between 1995-2005. Take a look at wheat for example. In particular look at the relationship between the 100, 200, 400 and 600 WMAs. It is very very similar to silver’s chart from about 2009 to present. It’s possible silver’s 100 WMA could cross below the 200 WMA well before 2024, but that probably will require significantly lower prices from here.
I am stepping away for today. Added to Southern Silver, Amex and Electric Royalties. Have some targets for tomorrow if the current whipping continues…
SLV is weekly oversold for the first time in over two years.
Yeah, Silver was just channeling sideways for the last 2 years, but ever since silver futures broke down through $21.41 support about 2 months back, it has really sold off hard (down to $18.01 yesterday in the early morning trading).
SLV tracking silver and getting down to oversold levels on the RSI not seen since the pandemic market crash back in March 2020, should have contrarian value investors intrigued at this point. If silver plunges sub $18, then at this point I’d expect that to be pretty short-lived, and that could present a swift snap back rally.
The Fed has set a course to cure the economy but like so much of what they do they announce it in the press and it becomes ingrained in peoples minds. They should be working behind the scenes managing the economy without all the public noise that leads people to think that they are capable when they are not.
They cannot now change the prescription without much embarrassment. Commodity prices are going down, factory production is going down, and the stock market is taking a series of painful tumbles. What a mess? They should be admitting defeat and informing the public that is clueless how this has all happened under their guidance. Instead they will keep mumbling under their breath as if they have the answers when they don’t. DT