Today is the June Gold futures contract expiry date.

We’ll now move to August

Further to my earlier comment about New Pacific Metals (NUPMF +4.2%) (NUAG.V), the stock popped at the open and now coming in a bit. The company told me that they only have permits for exploration and development but not for production, which must be approved by the new government. Apparently, the electoral tribunal is deciding on the date of a new election as the present govt is temporary. So there will be no production permitting for a while, but the company definitely believes they will get it and so do the banks and major investors who just completed a large… Read more »

baz, any comment on TCRR up about +12%

Report on New Pacific Metals (NUPMF US$3,81) (NUAG.V C$5.09) On March 13, 2019, following the PDAC global mining convention, I wrote about New Pacific Metals, which you can find in this link. You will see that I called it a triple-bagger and it did go there in just over a year. https://www.billcara.com/help-you-invest/mining-a-few-stocks-at-the-pdac/ Yesterday, New Pacific released a technical report along with the company’s financial results. https://newpacificmetals.com/news-and-media/2020/5/25/new-pacific-announces-filing-of-technical-report-for-the-silver-sand-project-and-reports-financial-results-for-the-three-and-nine-months-ended-march-31-2020 To summarize and opine: The Measured and Indicated ore averages 137 g/mt or about US$75/mt gross. That is more than enough to operate an open-pit mine. The release says that 70% of the ore… Read more »

The Bulls are running this morning

London, Paris, Sydney, and US equity futures are soaring. I first noticed this with the Aussie banks, so regardless of other news and contrived narrative, this bullish move is central bank inspired.

Gold softened a bit, as anticipated, possibly leading to a buying opportunity.

Copper and Crude Oil are stronger as they usually get when the broad market prices lift.

Gold and Silver futures are poking a tad higher tonight. Maybe or maybe not will the futures break out higher on Tuesday after America returns to reality — away from crowded beaches and closer to the belief that the US government must pass bills to organize spending that stabilizes the economy.

I think the trend is higher. I think there are good reasons to continue respecting the rising trend.

We’ll see.

International investors are not missing anything with the Toronto Exchange Goldminers that are trading today.

Los Angeles-based Real Estate broker-extraordinaire Aaron Kirman (seen on CNBC’s Listings Impossible) predicts that when the coronavirus pandemic is past, house prices in his area will drop substantially, eliminating the gains of the past 13 years. He says it will be a buyer’s market. I feel the same with equity prices. Stocks will likely be selling at a much lower multiple of Free Cash Flow than they do today. Investors might also want to focus on EV/EBITDA. Increasingly, I am seeing hard-sell infomercial-type headlines atop rather uninformative articles. In my experience, this is a segue to pump-and-dump situations. Years ago,… Read more »

After running into resistance for the past week, the Gold price is likely to become more indicative of trend this week. Although a tad stronger until the past few days, Silver has also been in a consolidation pattern. Incidentally, pattern identification has never been my forte. I have always preferred time and motion studies. About Precious Metal prices, I don’t have an opinion for the very short-term except that the Gold/SilverMiners will likely show us the way. Longer-term, I still believe that PM prices and the prices of Gold/SilverMiners are going higher, but have now hit technical resistance levels (prior… Read more »

With all the excitement of people around the world returning to a somewhat normal life, many investors are looking at the market through rose-tinted eyeglasses. As I see it though, we are likely to see the bloom come off the rose in June and July. This is a time where you want to rush to a beach, but I would not advise rushing back to your stocks if you missed the first up-leg. I pointed out the Hertz (HTL) chart that showed a massive price increase during a couple of weeks before the stock totally crashed and burned. Deception in… Read more »

Hertz Global Holdings is a large-cap failure as the company has filed Chapter 11 bankruptcy. Many more of these are coming in the next few weeks.

Note what appears to be a pump-and-dump in February. So, let’s look into why the HTZ stock price soared right before the crash.

kaimu, zerohedge published a list that ought to concern most investors in the commercial retail space.

Mall landlords received just a quarter of expected April rent payments (and the May’s rent demands have now also been sent)
25.0% Mall
64.9% Neighborhood Center
46.6% Strip Center
54.9% All

Many of these retail operators have recently re-opened and are employing staff, but if they are soon closed down by the mall operators, then many more will be unemployed in the coming weeks.

Hong Kong as a leading financial center is in a precarious position today. The majority of the market cap of the Hong Kong Exchange are companies under the control of Beijing. Uncertainty exists regarding the CCP plans for the future listing of these stocks. Similarly, Trump is warning that he will put pressure on US listings of China headquartered companies to report quarterly to the SEC using GAAP or else face the prospect of delisting. Global equity markets are uncomfortable whenever tensions arise between the US and China, which is likely to be ratcheted up again as Trump appears to… Read more »

SecuritiesLaw360 is reporting

FINRA Execs Battle Market Manipulation, Fraud Amid Virus

Top executives with the Financial Industry Regulatory Authority (FINRA) said this week that they have seen significant upticks in market manipulation alerts and fraud reports amid the COVID-19 pandemic, noting that letters and notices from the regulator are forthcoming as they look to keep abuses in check.

I have noted this several times.

Into the crypto ether. A place few of us are willing to venture. For good reason. Your money is made to vanish by people who are not real.

https://archive.vanityfair.com/article/2020/1/the-vanishing