‘That’s a Wrap’ By Rod Blake As the brokers, investors, portfolio managers and traders closed down their terminals last Friday afternoon many were stunned how quickly and violently that almost all of the North American markets (equity, commodity and currency) turned negative on word that Iran was about to launch a military advance on Israel. And by the end of the day the only market that was positive was the U.S. dollar – the world’s go to asset in times of potential crisis – as no one wanted to be long over a potentially call to arms weekend. The way I see it – When I was a broker, we called ..read more

‘That’s a Wrap’ By Rod Blake As the brokers, investors, traders and portfolio managers watched their terminals last week, one item kept standing out above all the rest. Gold bullion rose for five consecutive days from US$2,220 to US$2,327 a troy ounce (t oz). A $107 gain to put the yellow metal firmly above the previous long-term resistance highs of about US$2,000 set in 2020, 2022, and twice in 2023. Like the ram battering the dam – gold has finally broken well above previous long-term resistance with only blue-sky above. The way I see it – The next time you see twp people bumping chests they ..read more

‘That’s a Wrap’ By Rod Blake As the brokers, investors, portfolio managers and traders closed their terminals ahead of the Easter long weekend, there was a feeling of some satisfaction that the four major North American markets had now advanced for almost two consecutive quarters going back to the lows of last October. The TSX is up some 18%, the S&P 500 up 28%, the Dow 30 up 23%, and the NASDAQ up 30%. And after a false start and resulting pullback earlier in March – even the small cap TSX Venture Exchange is up about 9% from its November low. The way I see it – while all of the markets a ..read more

‘That’s a Wrap’ By Rod Blake Last week, those brokers, investors, and portfolio managers who mainly hold Index exchange traded funds (ETF) were once again vindicated as all of the major North American markets shook off two weeks of uncertainty and once again forged upward to new all-time highs. This unique investment has become a market darling, working almost continually for the past 5-months as investors buy more and more index ETFs as central bankers signal that their efforts to break the back of inflation seems to be working. It’s a very simple and so far effective investment theory with s ..read more

‘That’s a Wrap’  By Rod Blake On reviewing last week’s market activity, one stat stood out amongst all the rest. The U.S. major markets seem to be consolidating, topping or even retreating from their recent highs, the TSX Composite was the only major North American Index to etch out a gain (0.51%) last week and seems poised to test its recent 2-year closing high of 21,970. The way I see it – There is usually only one reason that the TSX outperforms its American counterparts – positive or rising resource prices. Let’s take a closer look: – Uranium started the current resource rally about t ..read more

Alaska Energy Metals Corp. [TSXV-AEMC; OTCQB-AKEMF] has filed an updated NI 43-101 technical report on SEDAR+ for its 10%-owned Eureka property, Nikolai nickel project in Alaska, United States. Highlights of the updated Eureka technical report and MRE (mineral resource estimate): The Eureka West and Eureka East deposits reported in the maiden 2023 MRE are now connected as one deposit measuring 4.5 km (2.8 miles) in length. A significant portion of the Eureka MRE has been upgraded from inferred to indicated resource. The indicated resource contains 813 million tonnes (Mt) grading 0.29% nickel e ..read more

Bravo Mining Corp. [TSXV-BRVO; OTCQX-BRVMF] has received assay results from eight diamond drill holes (DDH), five from the North sector and three from the Southwest sector, at its 100%-owned Luanga palladium plus platinum plus rhodium plus gold plus nickel project, located in the Carajas mineral province, state of Para, Brazil. “Drilling in the North Sector continues to be encouraging, with wider and higher-grade PGM+Au+Ni mineralization at shallow depths. DDH24LU235 is now the best drill hole intercept to date at Luanga and starts at only 10.5 metres from surface. In comparison, the Central S ..read more

By Ian Foreman The Prospectors and Developers Association of Canada annual conference, simply known as the PDAC, saw the who’s who of the mining and exploration sector converge on Toronto last week.  The enthusiasm that is inherent to conferences was magnified this year as this was the first year that the PDAC coincided with value of gold hitting all time highs. “2024 will be a transformative year for our company,” stated Roger Rasmus, CEO of Goliath Resources Ltd. (TSX-V: GOT, FSE: B4IF, OTC: GOTRF).  The Investors Exchange was reverberating with similar sentiment where 450 companie ..read more

‘That’s a Wrap’ By Rod Blake A surprisingly thing happened in the equity markets last Friday, March 1st. Just as another uneventful week in the resource sector was drawing to a close, the price of gold bullion suddenly shot up by some $40 to a new all-time closing high of US$2,083. This move in gold spurred the TSX Venture Exchange, the home of most of the world’s junior gold companies, into renewed life and North America’s almost forgotten 5th bourse traded an encouraging 28-million shares and rose over 2% to end the week at a new 5-month high of 572. Was this a one-day blip in an otherwise a ..read more

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that, by mutual agreement with Empresa Minera Villegas S.R.L. (“Minera Villegas”), the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia (“Iska Iska”), the payment schedule in connection with the remaining portion of the aggregate US$10 million payment required for Eloro to earn a 100% interest in Iska Iska has been amended. Pursuant to the private option agreement to acquire Iska Iska, as amended, Eloro’s Bolivian subsidiary, M ..read more