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Copper miners coming back today; Copper Mountain +20%; my 3 holdings First Quantum, Anglo, and Ero Copper. Holding Barrick and added small positions in Kinross and Hecla Mining last week; energy, holding Total; “Buffett” stocks, GM and T; “greens”, holding Plug Power and Bloom Energy; still overweight cash at just under 40% right now.
New Pacific Metals (NEWP) (NAG.to) finally reports final assays of Carangas 2021 drill program
For many weeks now I have been waiting for this report, but the wait is worth it.
New Pacific Intersects 595.7 m Interval Grading 1.25 g/t Gold and 10.25 m Interval Grading 1,213 g/t Silver at the Carangas Project
The value per tonne of this material is exceptionally high. Institutional investors will now have to look seriously at this mine developer. I hope so because this is a Core 12 investment of mine, and the current price is extremely attractive.
NEWP is already up +11% to US$3.19. It’s going higher. I hold 120,000 shares so that’s a nice pop today. But, more importantly, New Pacific Metals has gone through so much crap from short sellers who for some reason dislike Dr. Rui Feng. Earlier they flat lied about matters to do with Feng’s Silvercorp (SVM) in China. Then they turned their hatred onto Bolivia and his New Pacific. Nothing surprises me with the underhanded practices that go on in capital markets. Usually there is a “foreign” element in their reports. Shortly after I started to blog about 18 years ago,… Read more »
Moderna …. I’m betting they will have best/fastest in class… China needs to get it’s orders in…
As the US Dollar pulls back from its 20-year high, most prices rise
Equities, Commodities, and Gold are stronger this morning. We can debate the reasons, but this is Dollar related.
As the COVID variants shift into hyper speed, do we focus on treatment or prevention…?…. https://www.forbes.com/sites/brucelee/2022/05/16/european-cdc-calls-omicron-ba4-ba5-covid-19-variants-of-concern/
Since 75% of deaths were persons over 65 including 25% over 85, it’s obvious that older people’s health was already a problem. I’d say if science can treat the effects so there is less stress on other health problems, many more people would survive. Since there is always a next variant, it might take decades to prevent it. Protocols will only serve to divide society to a greater extent, and is an instrument of political movements that society is tired of. So I’d vote to spend funds on treatment.
Excellent perspective…
Just one person’s view…
https://www.fdanews.com/articles/207394-verus-stops-covid-19-treatment-trial-in-face-of-overwhelmingly-positive-results
Bands are getting tight.. 11:39 am
kaimu called it
HB&B certainly didn’t
From Investopedia.com
Caribou Biosciences continues to run higher
Baz, your CRBU has now had three solid Bull moves
Excellent company, unique, patented approach. -‘ chRDNA ‘.. Also helps to have the 2020 Science/Chemistry Nobel Prize winner as a founder and Board member ( Jennifer Doudna )..!…. * She also co-founded Intellia and early, early on was one of five founders of Editas….. https://finance.yahoo.com/news/caribou-biosciences-presents-data-mechanism-200500524.html
I will point out Jennifer’s now, arch-rival ( Feng Zhang, co – founder of BEAM/EDIT and lawsuit rival ‘ The Broad Institute ‘) rode his Beam Therapeutics Crisper ‘ Base Editing ‘ approach to over $ 100 last year…!!.. What the news rarely printed is that as precise as Base Editing is, it is quite limited in gene editing work… Apparently, Dr. Doudna and her talented team at Caribou can use chRDNA in many more applications….
I’ll never give up hope on biotech, for sure… Hardheaded..?…. Maybe… But till my choices prove me totally wrong, I will always hang around to try to restart at certain points of time regarding financing, clinicals and news… Restarting SBFM soon ( I hope )..
Baz! Good deal. I think bios have a place and will always be in demand. These companies can turn on a dime and the dime can be totally fake cardboard. These damn law firms that work with vulture funds are the worst. I don’t get why the SEC is so lame.
Back to the thesis I play by … have more winners than losers! lol!
Did just add another small bit of Twtr..
Andrew Kiguel reports Tokens.com 1Q2022 results. The stock price is up +14% As I have been an investor in COIN.ne and SMURF, as well as a supporter, given that Andrew Kiguel more than anybody introduced me to Blockchain, the Metaverse, NFTs, and Defi, I am pleased with the Company’s operating and financial performance. Now it’s time for investors to bid the stock price higher. Here is the complete announcement of the Tokens.com 1Q2022 report: Tokens.com Announces Q1 2022 Financial ResultsTORONTO, ONTARIO, May 16, 2022 – Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or “the… Read more »
By 3 pm ET, COIN.ne is trading at a +6% gain on the day, and SMURF is basically flat. Obviously, there are a lot of disappointed shareholders here who were quick to sell the rally. Andrew will have to find new homes for a lot of stock as he re-builds investor interest. Time will tell if he is up to the job. I hope so because I hold almost 200,000 shares, which are well underwater. The financials, however, look like his business model works, and his plan is unfolding as he expected. From his notes in the release and to… Read more »
Not much for buying falling knives but Ero Copper looked stupid cheap last week near $10 a shr so I grabbed some. Q1 Non-GAAP was $0.36 on $108.9 Rev. Produced 9,784 tons at cash cost of $1.31/pound; has three mines in Brazil.
The Global Landfill Crisis and how Northstar Technologies is trying to solve a part of it
The Visual Capitalist with sponsorship from Northstar Technologies (ROOF.V)(ROOOF) tells the story:
I have a small underwater position in ROOF.V but avidly support their initiative. Theirs is a story that will take time to play out, but the technology and the management are very good.
Sprott’s new uranium index (80% equities; 20% physical) Here’s the video promo: https://www.sprott.com/insights/video-early-innings-for-uranium-investments/ This is clearly a self-promo for Sprott’s physical uranium business, but it’s all good. I just prefer 100% equities and non-Sprott ones too. My choice is Uranium Energy Corp (UEC) primarily because I believe in the nuclear power story as a secular play for natural resources and in UEC’s promoter CEO Amir Adnani, who I believe is the best in the space. https://www.uraniumenergy.com/invest/investor-presentations/ UEC’s Bull trend: a matter of higher highs and higher lows. This story will continue for years. UEC is in my Core 12 holdings.… Read more »
Rust Behnam, CFTC Chair on CNBC re the regulation of Crypto Behnam, who is CFTC’s permanent chair into 2026, seems competent, but I am asking myself why is the futures regulator discussing Crypto, which the SEC says is a security and therefore within their domain. This is so basic, why is there an issue? I continue to ask why the government continually expands these bureaucracies, where what gets done is mostly talk? I see it as confirmation that the government’s long-term objective is to sustain the power status of the establishment. It’s certainly not democracy at work. Surely, it makes… Read more »
https://www.marketscreener.com/news/latest/U-S-SEC-chair-says-much-to-be-done-to-protect-crypto-investors–40446691/
SEC Chair Gary Gensler also was in the limelight today regarding “the need to protect Crypto investors”.
Sounds like a turf war going on between him at the SEC and Rust Behnam at the CFTC.
Time for Congress to settle the matter.
Interesting comments from Schaeffer’s Investment Research I am a bit perplexed how this resistance area managed to hold since late April, as the VIX stubbornly stayed in this zone as equities plunged. In other words, on April 26 the VIX closed at 33.52, with the highest close since that date occurring early last week at 34.75. Since the April 26 close, the S&P 500 Index (SPX — 4,023.89), after a brief retest of the October 2021 and January 2022 lows, plunged roughly 6% into last week’s closing low. As mentioned above, the VIX made very little upside movement during this… Read more »
Been thinking about crypto as the perfect trading vehicle… That , as we have witnessed over the past nine months the absolute destruction of high quality growth companies, ‘ explained ‘ by powers that be as a reaction to war, inflation, leadership, COVID, border crossing, etc., , thus affecting, ( where it all ultimately comes home ) the bottom line… But what if there is no ‘ bottom line ‘ ?…. No production quotas, no group healthcare to fret over, no layoffs/hiring concerns, no CEO, CFO, UFO ( ! ) worries…No board meetings…. Nothing but the object(s) which we, as… Read more »
Re “we, as the comptroller’s of the crypto currency”
Who is “we”?
Are you certain there is no controlling individual or group?
True . The original wallets have remained constant… I doubt this will change for awhile… as comptroller’s, I am thinking it still comes down to pure trading because the rules are set ( per production, or reward, origination thru mining ) and the finite number of coins, 21 million, will not be reached for another one hundred years… Who sells or ‘ hodls ‘ will be a personal choice… Certainly that will be based on price per coin and economics that affect each individual differently….. https://learn.bybit.com/crypto/who-owns-the-most-bitcoin/
https://finance.yahoo.com/news/bitcoin-whales-exiting-network-btc-175104773.html…… eventually, individual , non-commercial traders will be a majority…
Baz yes I get it. My pal Mark Cuban is busy too. I think he tells broke crypto Robinhooders, “This is a new asset class so there are still kinks that need to be worked out!” Great Mark can you pay my student loan til that happens?
How much of crypto is financed by debt? Visa? Mastercard?
Where is any FBI or Interpol investigation? SEC? Where do crypto peeps go to file claims? Where is that law firm? If SAVA sneezes there is a class action law firm gumming up my news feed.
Kaimu
I hope you listen to Cuban.
Lol! The sad thing about crypto is if Mark and Elon got together and agreed to each say something negative about crypto one day apart BTC would be at $20k by the end of next week! Mark on Tuesday: “I declare no crypto payments are allowed for any of Cuban company services!” Elon on Wednesday: “Tesla no longer accepts crypto as payment!” They both buy at $20k and then reverse their view once they loaded up at $20k! Imagine if Mark and Elon could have the same effect with a USD. Nobody would hold a USD. In fact that’s the… Read more »
I agree with you kaimu. I do not want any Crypto accepted for payment of goods or services from a widely-held company. But, if an independent worker like an electrician or artist say would personally take Crypto as payment, and on each transaction pays taxes in fiat, I have no problem with that. It still raises the issue of the use of barter to avoid tax. Unreported transactions are a serious problem for a society that has to meet common expenses and needs taxes to cover the cost. People cannot live entirely off the grid as they might think. They… Read more »
I don’t know what to say….. Maybe nothing makes sense anymore…. Lately, I have seen tragic deaths of many birds…Far more than I have ever seen in all my time on this earth…. Over the years I have come to believe birds and angles were one and the same…. I just wonder… a lot..
Baz, yep too bad more people do not believe in spirituality! If angels were birds then there’d be a lot less Chick-Fil-As! I find it very odd that the Prof of Emeritus at Univ of Manitoba who has written forty books on technical innovation and risk assessment and public policy wrote this in Time magazine last Thursday … Four materials rank highest on the scale of necessity, forming what I have called the four pillars of modern civilization: cement, steel, plastics, and ammonia are needed in larger quantities than are other essential inputs. The world now produces annually about 4.5… Read more »
I do look for BTC $ 36, 300 by this coming Friday evening…. The decoupling ( from market indexes ) could occur with the next major COVID wave in September..
While writing another lesson in my book manuscript this weekend, I spent a couple of hours trying to explain my take on the popularity of crypto. I decided to frame it as the latest instrument of countermovement, something along the lines of the internet 25 years ago, which led to social media. Ultimately the ‘system’ took control of social media as it did earlier with the internet. Twitter got rid of Trump because he was a threat to the establishment. Now Musk sees the need for him to step into the fight — he will acquire Twitter when he gets… Read more »
Thank you Bill..
Like Bill, I do not own BTC or ETH ( or any crypto )…. Never have.. my crypto fascination has been captured by the ‘ miners ‘… My imagination has been won over by the crypto…
My Biotech 50 list: the Good vs the Ugly The top 10 performers had good weeks, but the bottom 10 had horrible weeks. Show how volatile these stocks are Top 10TPTX Turning Point Therapeutics,… 21.64% BNTX BioNTech SE 16.65% TWST Twist Bioscience Corp. 9.24% CRSP CRISPR Therapeutics AG 8.79% ONEM 1life Healthcare Inc. 7.72% CODX Co-Diagnostics, Inc. 6.56% NBIX Neurocrine Biosciences, Inc. 5.74% VIR Vir Biotechnology Inc. 4.87% MRNA Moderna Inc. 2.61% NTLA Intellia Therapeutics, Inc. 2.17% Bottom 10MGTX MeiraGTx Holdings plc -9.37% NVAX Novavax, Inc. -9.44% AGTC Applied Genetic Technologie… -11.09% EDIT Editas Medicine, Inc. -13.10% NVTA Invitae Corp.… Read more »
Investors are hurting as the broad market has dropped six weeks in a row Owning a US Mutual Fund from the biggest investment names in the business is no protection. Value, Growth, Small-, Mid- or Large-Cap? They are all losers. Results below for the week ending Friday, May 13 (removed inflation-protected, income, and bond funds). Click on links to get charts. JP Morgan JOELX JPMorgan Opportunistic Equi… -2.03% JNBSX JPMorgan Income Builder Select -2.49% JNBAX JPMorgan Income Builder Fund -2.50% OGBCX JP Morgan Investor Balanced… -2.61% JPDVX JP Morgan Diversified Instl -2.77% JDVSX JP Morgan Diversified Fund -2.84% JDVAX JP… Read more »
Pan American Silver (PAAS) is a sound investment PAAS is one of my core 12 holdings. If you require income, the dividend yield I received on my large purchase of PAAS yesterday is 0.48/20.95=2.3%. The total cash and short-term investments are substantially more than 1.4x total liabilities, so the dividend is safe. Moreover, the dividend payout ratio is just 55.8% and the dividend has increased annually for three years at an annualized growth rate of 34.4%. In the next three years, I see the dividend increasing at least by 60% to 0.77, which would earn about a 3.35% yield on… Read more »
Another reduction in Bullion Bank Gold shorts For the week ending May 10, the Bullion Banks reduced their short futures contracts by -9,317 to close at 274,577. They also cut back a bot on their longs -2,501 to now hold 89,722 longs. Excluding spread contracts, they are short -184,855 contracts. At 100 troy ounces of Gold per contract, at the current price of $1809, the collective value of the Bullion Bank shorts is about $334.4 million. I suspect that if, as, and when these Bullion Bank traders knock the price below $100/oz, they will close more shorts. They may even… Read more »
Yes, I think this may be the final flush before they take Gold on a Bull run
Gold is an inflation hedge.
Should Gold start on the Bull run, it should be led higher by Silver. I am well positioned in PAAS, AG, NEWP, and WPM with about 39-40% portfolio weighting there.
For First Majestic, TD and BMO today reduced their Price Targets from C$20 to C$12 and from C$12 to C$10.50, which only means their clients have been selling and these Bullion Banks want to make them feel a bit happier. I pay no mind to their stuff because they have done this after the stock just hit a 12-month low, and they will probably raise those targets after the stock has hit a 12-month high just to make their clients feel good. But it’s something you ought to be aware of. Also, Sprott Mining has sold about 2 million shares… Read more »
Restarted TWTR… Much more than $ 1 billion if Musk walks… Thinking he’s wanting $ 50…. Still could be two others that might enter between $ 51 and $ 54….. Did add a little more Veru…
Imho, Veru could run to $ 20’s real soon ( next week )….. Remember, this is a Pill…. Transportation and storage anywhere in the world… COVID and All Variants.. Moderate to Severe.. . FDA says comfortable with safety and efficacy.. * Pfizer is only for Mild, early stage COVID..
No position but not sure why Argonaut Gold ARNGF is so hated; 56,000 GEOs sold in Q1, company is profitable, guiding for 200k-230k oz. in 2022; yes, AISC was higher, and cost to build the Magino mine has increased, still, selling for a buck a share.
Google IKN and Argonaut Gold and you can read Mark Turner’s take on things
most I brought this week got stop out and lost $1500
I am 100% in cash
I did go back to PAAS,GOLD,FCX,WPM,HBM and NEWP,RIO where I made most money in two year which I lost in BIO
this the area Bill is expert and I am comfortable with.
My total loose now is $4000. has 60K cash to play with.
Thanks bill for providing platform for people like me to pass time, enjoy and learn at age 73
daveraj, Thank you for participating and keeping an open mind. None of us are perfect but we are students of the market who are intent on wealth building through conventional investing practices. When you have time, have a look at InPlay Oil (IPOOF)(IPO.to). Their CEO Doug Bartole is a value creator. I have written about him and the company many times in the past six months. Look at the Price-to-cash-flow, Profitability, and Debt metrics of this company: https://www.marketbeat.com/stocks/OTCMKTS/IPOOF/ There are very few investment opportunities in the market like this. That’s probably because InPlay is a new name, and Bartole has… Read more »
ProShares UltraPro Short QQQ- SQQQ: 1 year -17% ProShares UltraPro QQQ-TQQQ: 1 Year -31%if one buy either one -one will loose.
why are these ETF is there?
when I look at Orders by Fidelity Customers , these ETF are at top 10 almost daily
I have hard time understand, who is buying these and for what purpose unless it is for day trade?
daveraj, I have an analysis of the top Fidelity mutual funds, and the results are just as deplorable, so the answer is not simply ETFs although I do constantly warn about using ETFs, and especially trying to day trade the leveraged ones. Those are the nickel slots set up by the casino to appeal to the gambling instinct. Then, like illicit drugs, they get hooked and eventually leave the casino with no money left. Please give me a list of Fidelity’s top 10 traded ETFs and I’ll comment further because I want this to be a learning experience. The world-class… Read more »
Fidelity’s biggest mutual fund (FXAIX) is their Fidelity 500 Index Institutional Premium Fund.
This is a fund that you or I cannot invest in because the minimum investment is $100,000,000 — thankfully– because this Fund is now down -12.92% YTD.
The Fund still has about $366 Billion NAV.
Daveraj, this is why your Fidelity managed funds are where they are and why your personal investments are doing relatively very well. Stick to finding good companies.
Way back, I think it was 1985 when 401K was approved by congress, Peter Lynch came to our company to promote fidelity Megallion fund (I live near boson)
At that time my company suspended pension plan and started 401K ( my memory is little fussy)
ever since I have account at fidelity, Two year ago I try to log in first time in 20 Year at fidelity. later on I will send you private email listing fund I have in my account
Now i do have little less than million
Follow up to my shot at CNBC
Do you know how many times CNBC’s Fast Money crowd pumped PTON in the past 18 months? Countless.
Actually, I bet there is somebody out there who counts these things, and the number must exceed 100.
So, when CNBC takes shots at speculators, these so-called experts must also be held accountable.
Yep, I get it! We got it in 2000 when the Tech Crash hit. Remember what the CNBC guys called the Tech Bubble? The “new paradigm”!
CNBC asked why anybody in 2000 would buy an Internet IPO from any dealer other than Goldman Sachs. LOL. In 2-3 years, half those Goldman underwritten companies were bankrupt. Almost all the whole lot of them had zero intrinsic value. In 2006, CNBC pulled off its next coup when it ran a Crossing America Real Estate tour. Right at the cycle top. I have known for years that CNBC and Reuters and Financial Times UK are masterful take-out artists. Now Larry Fink and his BlackRock have climbed into the swamp. Prices go up and down, but it’s the traders who… Read more »
At the close yesterday, I tried to triple my PAAS holding and came close.
Although I did not get 100% of my large order filled, it was close. I paid $20.95.
That was my second move back into core positions.