Hi Bill Definitely not directed at you. Should have taken your lead and contacted the company myself.
Gonamaket
March 18, 2024 4:03 pm
#39347
I assume the recent activity in roof.v is your typical pump and dump to move the stock and cash in. Will wait for some substatial news before any long term commitment.
I assume that Gonamaket’s use of “your” does not refer to me, but it seems that anything can and will be said on social media these days.
I did ask the company’s CEO, Aidan Mills, about this matter, and here is his unredacted reply:
“Bill
We have no idea as to the price action – but the feedback was it was a buyer who wanted a strategic position coming in across a number of brokers. That was the run up.
Since then we have had the usual TSX 2c/share profit taking sell off (smiley)
I can assure you there was no one close to the company “cashing in”…not the insiders and not the strategic and certainly not me…..
Good news to come over the next few weeks on Calgary, the US etc – just continuing to deliver on all the things we have promised….
From the time the first ETFs were introduced, I have opined in the strongest terms that these fintech products are Wall Street constructs designed to dupe investors into trading and to screw traders foolish enough to believe they can out-trade Wall Street’s algos and quantum computers. But nowhere more foolish are crypto participants who believe that BlackRock intends the Bitcoin ETF as anything other than a profit generator for themselves and their partners.
This comment on X (formerly Twitter) should be a black flag:
Every dollar in value gained since the bitcoin ETF launch has been overnight when regular trading hours are closed (via @Velodata)
For your consideration. – I cover why $ABDE is struggling with #AI. – 21 EMA BREAKS – $SOX $SMH $QQQ $IWM $SMCI – $BTC – what was strong vs weak – markets in under 15 min
As expected, GDXJ did exit their New Pacific position at end of day; total volume on TSX-V was 4.65M shares, in line with their position; volume at around 1Pm was roughly 200k; shares did not crater, so it appears to have been an orderly exit; closed at 1.36 CAD.
Nice move on $SILVER taking the SIK4 futures above $25/oz; similar rally last March-April took it 21.50–>26.25, then the wheels came off in May; stay vigilent if trading.
PS it is with my great honor to announce I was Substack Featured for the third year in a row. I wanted to share the award with Cara community. Creating content everyday is not easy but I enjoy it a lot and find it fulfilling.
In celebration I am offering 20% discount on the annual membership through end of March. Comes to 40 cents per day.
Tesla’s shares are in a free fall. Over the past six months, they have plummeted by -36%, currently trading at $173 in pre-market trading. During Christmas week, TSLA was trading above $265. Wells Fargo’s SELL recommendation today doesn’t help.
Those who follow my analysis know I’ve consistently held a cautious outlook on this company. While it has achieved undeniable marketing success, I believe the current challenges Tesla faces will impede its ability to recapture its 12-month high of about $300, let alone stave off bankruptcy.
About New Pacific’s being dropped from the GDXJ ETF.
The GDXJ is a Wall Street construct for traders who naively believe they can out-trade Wall Street’s army of quantum computers, price-directing algorithms, and inside knowledge of the traders’ accounts, sentiment, and M.O.
Traders also have to believe that the ETF managers have the integrity to make their internal index and buying/selling decisions secretly, which is a fool’s belief.
Clearly, I am not a fan of ETFs. But what irks me more is the bad management and board-level oversight of many companies where we investors place our trust based on the public information we receive from news release after news release.
In the case of New Pacific Metals, I would like to ask the Board of Directors why they still report to Dr. Rui Feng, who is no longer on the Board. I want to ask Rui and the Board of Silvercorp, who together effectively control New Pacific, and the New Pacific Board why, with the horde of cash they successfully solicited from trusting investors, they didn’t invest a pittance of it to buy the shares being dumped by the GDXJ ETF managers.
I stopped asking questions like this long ago as I didn’t believe the answers they provided to all my earlier questions about the dubious trading in New Pacific stock. But now I want to know why they are not buying their own stock at prices they say are ridiculously below the true asset values. Is it because they are not confident in actually mining this resource?
It seems that shareholders have been stiffed for a couple of years here. In my case, it cost millions.
I just compare resources across the board. Silversand is 201M Ag at 110 g/ton. Vizsla has 155M AgEq at 510 g/ton. NEWP also has Carangas and Silverstrike, it’s in Bolivia. Vizsla only has the Panuco project and it’s in Mexico. Still holding NEWP but favoring Vizsla here.
Can’t really speak to the ETF’s activities and the company’s insider decisions. I’m sorry you lost on this.
Bankers will now point to the need for Fed rates to be higher for longer, which I have been saying for months is what should be expected.
But will the US economy experience a so-called ‘hard landing’? The jury is still out.
Will equity prices decline from these record levels? Your guess is as good as anybody on Wall Street.
All this chatter is for traders to mull over. Investors have a long-term horizon, and what they see in the US CPI data is that the annualized monthly data runs at a 50 to 100-year average for almost two years.
In other words, Wall Street hypes every little change to push more trading activity.
goldbug58
March 11, 2024 5:52 pm
#39292
GDXJ is rumored to be exiting New Pacific Metals; they didn’t hold much to start with; 4.6M shares as of 8 March. Volume is higher than average today with shares off about 10% with 2 hours left to trade. Usually these ETF trades go at end of day; we’ll see. I hate this stock.
I believe the company will be dropped from the GDXJ ETF, but that’s not so bad. I wish companies had the option to stay out of ETFs.
I have hated the stock for a couple of years because nobody in management seems to care about the trading. They say they have a fabulous property, and the values will be seen when both their projects submit more detailed filings to the securities regulators. However, if it doesn’t play out that way and investors suspect foul play, I think there will be class action lawsuits.
When I wrote IR last week, the guy tried to tell me its due to the silver developer space in general being hammered; ok, no argument there but today they are mostly up and this is off 12%.
CNBC’s “Squawk Box” Show Turns Sharply Political to Start the Week
This morning, CNBC’s “Squawk Box” show shifted from its usual investment analysis and market insights to dive headfirst into politics as it featured former President Trump.
In his characteristic style, Trump responded to specific questions by sidestepping them and launching into the litany of personal grievances we’ve all heard many times. The result was a 40-plus-minute political rally rather than a substantive financial or economic discussion, transforming CNBC into another political campaign platform.
In the brief time I had today to hear remarks from other business leaders on the show, the conversation was undeniably political, with clear lines drawn between Republicans and Democrats. If this is the direction CNBC is heading in the lead-up to the November federal election, I have to question the value of investors tuning in.
Investors require hard facts and insightful analysis, not partisan political rhetoric.
baz22(@baz22)
March 11, 2024 2:32 am
#39288
MDGL has an FDA approval decision on its NASH ( MASH ) candidate this week…it will be very interesting to see what the FDA has to say considering several recent obesity drug(s) successes in possibly lowering the risk of NASH and fibrosis.. the recent FDA Advisory Panel pre vote was very close, and the Insurance companies are not on board yet. No position, but believe it will be the first Approved therapy for NASH
Govt data is unreliable; they revise down each “glowing” jobs report. January’s was revised lower by 124,000 jobs. Complete BS with these people, i.e. Bureau of Labor Statistics. US is likely headed for recession, financial news wants us to believe otherwise.
Hi Bill
Definitely not directed at you.
Should have taken your lead and contacted the company myself.
I assume the recent activity in roof.v is your typical pump and dump to move the stock and cash in.
Will wait for some substatial news before any long term commitment.
I assume that Gonamaket’s use of “your” does not refer to me, but it seems that anything can and will be said on social media these days.
I did ask the company’s CEO, Aidan Mills, about this matter, and here is his unredacted reply:
Be wary of the Bitcoin ETF.
From the time the first ETFs were introduced, I have opined in the strongest terms that these fintech products are Wall Street constructs designed to dupe investors into trading and to screw traders foolish enough to believe they can out-trade Wall Street’s algos and quantum computers. But nowhere more foolish are crypto participants who believe that BlackRock intends the Bitcoin ETF as anything other than a profit generator for themselves and their partners.
This comment on X (formerly Twitter) should be a black flag:
The message is that BlackRock is buying all night (probably from dubious sources) and selling to you at a much higher price all day.
For your consideration.
– I cover why $ABDE is struggling with #AI.
– 21 EMA BREAKS
– $SOX $SMH $QQQ $IWM $SMCI
– $BTC
– what was strong vs weak
– markets in under 15 min
https://nyugrad.substack.com/p/fear-is-the-mind-killer-podcast-160
As expected, GDXJ did exit their New Pacific position at end of day; total volume on TSX-V was 4.65M shares, in line with their position; volume at around 1Pm was roughly 200k; shares did not crater, so it appears to have been an orderly exit; closed at 1.36 CAD.
Anyone loading at 22.50 like me…Target now for me…27.50ish…Easy one here….
Crypto buyers must be wary of the ‘Pig Butchering’ scam.
https://www.bnnbloomberg.ca/pig-butchering-scams-netted-more-than-75-billion-study-finds-1.2041016#
new podcast ep avail. $NVDA Knife Fight with $900 Podcast #158 (March 13)
Two promos
1. 20% off Annual membership until end of March. comes to 40 cents per day!
2 If you want to try premium for free, message or email me and say hi.
$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT $BTC $ARKK $ARKB $FBTC $BTCO $IBIT $BRRR $SMCI $ARM
Nice move on $SILVER taking the SIK4 futures above $25/oz; similar rally last March-April took it 21.50–>26.25, then the wheels came off in May; stay vigilent if trading.
Europe will regulate Artificial Intelligence.
https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html
If NVDA sell off accelerates, watch the friday low and 21day ema. Will it bounce? It is supposed to anyway.
SOX has held the 21 ema on the way up
PS it is with my great honor to announce I was Substack Featured for the third year in a row. I wanted to share the award with Cara community. Creating content everyday is not easy but I enjoy it a lot and find it fulfilling.
In celebration I am offering 20% discount on the annual membership through end of March. Comes to 40 cents per day.
https://nyugrad.substack.com/p/i-would-like-to-thank-the-substack
Is that picture you today or from your graduation day at NYU?
Lol. That is Cillian Murphy. One of my fav actors. Peaky Blinders is magic!
History…Mark Twain said it best…History Doesn’t Repeat Itself, but It Often Rhymes” –
Lets take a small survey….
1) Will we have a DOT Com top like 2000….?
2) Will we have a 2018 TOP?
Which Rhyme is in the playbooks for 2025ish?
So far it has been buy the dips….
When will it be SELL the RIPS…
Get ur bets in and let me know…..
Tesla’s stock is tumbling.
Tesla’s shares are in a free fall. Over the past six months, they have plummeted by -36%, currently trading at $173 in pre-market trading. During Christmas week, TSLA was trading above $265. Wells Fargo’s SELL recommendation today doesn’t help.
Those who follow my analysis know I’ve consistently held a cautious outlook on this company. While it has achieved undeniable marketing success, I believe the current challenges Tesla faces will impede its ability to recapture its 12-month high of about $300, let alone stave off bankruptcy.
About New Pacific’s being dropped from the GDXJ ETF.
The GDXJ is a Wall Street construct for traders who naively believe they can out-trade Wall Street’s army of quantum computers, price-directing algorithms, and inside knowledge of the traders’ accounts, sentiment, and M.O.
Traders also have to believe that the ETF managers have the integrity to make their internal index and buying/selling decisions secretly, which is a fool’s belief.
Clearly, I am not a fan of ETFs. But what irks me more is the bad management and board-level oversight of many companies where we investors place our trust based on the public information we receive from news release after news release.
In the case of New Pacific Metals, I would like to ask the Board of Directors why they still report to Dr. Rui Feng, who is no longer on the Board. I want to ask Rui and the Board of Silvercorp, who together effectively control New Pacific, and the New Pacific Board why, with the horde of cash they successfully solicited from trusting investors, they didn’t invest a pittance of it to buy the shares being dumped by the GDXJ ETF managers.
I stopped asking questions like this long ago as I didn’t believe the answers they provided to all my earlier questions about the dubious trading in New Pacific stock. But now I want to know why they are not buying their own stock at prices they say are ridiculously below the true asset values. Is it because they are not confident in actually mining this resource?
It seems that shareholders have been stiffed for a couple of years here. In my case, it cost millions.
I just compare resources across the board. Silversand is 201M Ag at 110 g/ton. Vizsla has 155M AgEq at 510 g/ton. NEWP also has Carangas and Silverstrike, it’s in Bolivia. Vizsla only has the Panuco project and it’s in Mexico. Still holding NEWP but favoring Vizsla here.
Can’t really speak to the ETF’s activities and the company’s insider decisions.
I’m sorry you lost on this.
The US CPI ticks up, as expected.
Bankers will now point to the need for Fed rates to be higher for longer, which I have been saying for months is what should be expected.
But will the US economy experience a so-called ‘hard landing’? The jury is still out.
Will equity prices decline from these record levels? Your guess is as good as anybody on Wall Street.
All this chatter is for traders to mull over. Investors have a long-term horizon, and what they see in the US CPI data is that the annualized monthly data runs at a 50 to 100-year average for almost two years.
https://www.investing.com/economic-calendar/cpi-69
In other words, Wall Street hypes every little change to push more trading activity.
GDXJ is rumored to be exiting New Pacific Metals; they didn’t hold much to start with; 4.6M shares as of 8 March. Volume is higher than average today with shares off about 10% with 2 hours left to trade. Usually these ETF trades go at end of day; we’ll see. I hate this stock.
I believe the company will be dropped from the GDXJ ETF, but that’s not so bad. I wish companies had the option to stay out of ETFs.
I have hated the stock for a couple of years because nobody in management seems to care about the trading. They say they have a fabulous property, and the values will be seen when both their projects submit more detailed filings to the securities regulators. However, if it doesn’t play out that way and investors suspect foul play, I think there will be class action lawsuits.
When I wrote IR last week, the guy tried to tell me its due to the silver developer space in general being hammered; ok, no argument there but today they are mostly up and this is off 12%.
https://finance.yahoo.com/news/missed-crispr-therapeutics-best-gene-114500875.html
https://www.news-medical.net/health/Could-CRISPR-Repair-CFTR-in-Cystic-Fibrosis-Patients.aspx
https://finance.yahoo.com/news/provectus-biopharmaceuticals-announces-acceptance-cancer-130000539.html…..
CNBC’s “Squawk Box” Show Turns Sharply Political to Start the Week
This morning, CNBC’s “Squawk Box” show shifted from its usual investment analysis and market insights to dive headfirst into politics as it featured former President Trump.
In his characteristic style, Trump responded to specific questions by sidestepping them and launching into the litany of personal grievances we’ve all heard many times. The result was a 40-plus-minute political rally rather than a substantive financial or economic discussion, transforming CNBC into another political campaign platform.
In the brief time I had today to hear remarks from other business leaders on the show, the conversation was undeniably political, with clear lines drawn between Republicans and Democrats. If this is the direction CNBC is heading in the lead-up to the November federal election, I have to question the value of investors tuning in.
Investors require hard facts and insightful analysis, not partisan political rhetoric.
MDGL has an FDA approval decision on its NASH ( MASH ) candidate this week…it will be very interesting to see what the FDA has to say considering several recent obesity drug(s) successes in possibly lowering the risk of NASH and fibrosis.. the recent FDA Advisory Panel pre vote was very close, and the Insurance companies are not on board yet. No position, but believe it will be the first Approved therapy for NASH
My March update on precious metals and mining.
March update–gold, silver, and the mining portfolio (ceo.ca)
The US Jobs Report Devil is in the Details.
Govt data is unreliable; they revise down each “glowing” jobs report. January’s was revised lower by 124,000 jobs. Complete BS with these people, i.e. Bureau of Labor Statistics. US is likely headed for recession, financial news wants us to believe otherwise.
https://www.marketwatch.com/story/startup-cerebras-stands-out-in-the-high-risk-ai-chip-arena-no-one-has-built-a-chip-this-big-baee73ff
The next 2 years will be huge in biotech buy-outs…every sector.
The no. of workers required at S&P 500 companies to generate $1 million in revenue has fallen from:
7+ in pre-1990 period to only 2 in 2024
#AI
Never before in history has a stock market rally been driven by such a small number of stocks.
#Breadth