InvestMacro

By Han Tan, Market Analyst, ForexTime

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

By Hussein Sayed, Chief Market Strategist (Gulf & MENA), ForexTime

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

By IFCMarkets

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

By TheTechnicalTraders 

– The past three weeks have been filled with intense drama, incredible highs and lows, political battles that continue to this day, and millions of questions from people throughout the world.  Throughout this COVID-19 virus event and the collapse of the US and global markets, one continued belief has prevailed – the US Fed will attempt to rescue the global markets (again).

Late last week, President Trump announced a task force to evaluate how and when to reopen the US economy and more than US nine states have already committed to a staged reopening process.  COVID-19 virus being what it is, the US is going to attempt to lead the way forward.  This means every resource and every effort will be taken to engage in a proper process to protect our future while battling this virus outbreak.

This was also a pivotal week for the US Stock market. With the US Fed in buying mode attempting to counter the recent weakness in the markets, literally trillions of dollars have poured into the US stock market over the past 5+ days.  The Dow Jones Industrial Average rallied 532 points (+2.2%).  The NASDAQ rallied 581.50 points (+7.06%). The S&P 500 rallied 89.25 (+3.2%).  Obviously, capital is pouring into the NASDAQ faster than the other major indexes and this suggests investors believe in the earnings and future capabilities of technology companies over more traditional market segments.

Continued global economic weakness and shuttered US states will have a chilling result on Q2 outcomes and revenue growth.  We continue to believe Q2 and Q3 of 2020 will be much weaker than investors are expecting and we believe the US Fed has lulled many investors into believing a “deep V bottom” is the most likely outcome.  Over time, we believe the loss of 20+ million working Americans and the destruction of the shuttered global economy will translate into much weaker global market price levels.

Before we continue, be sure to opt-in to our free market trend signals 
before closing this page, so you don’t miss our next special report!

NASDAQ (NQ) weekly chart

This NQ weekly chart highlights the real potential for downside risks.  The appreciation in price from the 2016 levels are a direct result of investor anticipation of growth after the 2016 election.  What’s changed is that a major risk to the markets has unraveled more than all the growth we’ve accumulated over the past 2+ years.  Investors should stop to consider the real economic outcome over the next 2+ years before jumping into the Fed-backed Twilight Zone.

As the total scope of the global economic environment continues to shift, it does make sense that certain technology companies may benefit from any type of extended virus event.  Gaming companies, technology suppliers and resellers, certain software companies and a host of streaming and content firms may gain users and incomes over the next 12+ months.  Yet, we continue to believe the COVID-19 virus event may continue to present risks in the markets going forward.

The NY Federal Reserve issues a GDP Nowcast which attempts to translate forward economic GDP outcomes in near-real-time.  The current level for Q1 2020 GDP is -0.4% and -7.9% for Q2 2020.  This suggests the second, and possibly third, quarters could be substantially weaker overall than what we’ve just experienced over the past 50+ days.    Even though the stock markets began to collapse on February 25, 2020 – we really didn’t begin to understand the total scope of the economic contraction until nearly the middle of March (very late in Q1).  Q2 may reflect the complete global economic burden of this virus event and we believe investors are failing to comprehend the total scope of this risk at the moment and how it relates to future earning capabilities.

Weakness in Q2 and possibly Q3 earnings for 2020 could have a shock-wave across many sectors of the US and global markets which we are somewhat blindly ignoring.  Asset values, belief in a “V” type bottom setup, lack of disruption for state and local governments and others seem to continue to be the prevailing attitude.  With the US Fed to the rescue, somehow investors seem to believe the recovery process will only take a few weeks or a few months.

We found this information very interesting in terms of how local governments generate revenues and how the virus event may present a very real 20 to 40% revenue contraction for state and local governments over the next 24+ months.  Based on this data, nearly 40 to 50% of annual revenue to state and local governments may be at risk.  When we consider the 20+ million people in the US that have recently filed for unemployment (nearly 6% of the total US population and 8% of the total working population), we can’t expect a stellar economic output.

S&P 500 (ES) Monthly chart

This ES Monthly chart highlights our expectation that the US Stock market will attempt to establish a deeper bottom in price that may take the form of a FLAG formation setup.  We don’t believe the continued disruption to the global markets will do anything to support the past 3+ week recovery in the US markets.  Global investors will likely end up backing the US as the leader in this recovery, yet we believe the actual bottom in the markets will take place over the next 12+ months and likely complete just before the November 2020 elections.

Concluding Thoughts:

Our proprietary modeling systems have reflected the recent strength in the US stock market adequately – yet they have failed to result in any changes regarding allocation into the markets.  For right now, everything stays the same as it was.  We do believe the Fed’s buying will potentially prompt a “false trigger” if the rally continues.  We will assess the trigger when and if it happens in the near future.

Until we get a more accurate understanding of the risks, we feel it is much safer to assume the worst-case scenario going forward.  There is simply no way to paint a positive picture when people throughout the globe are losing their jobs, incomes, and all sense of normalcy.  The reality is that this disruption in the global banking and financial sector is certainly a big one that could last well into summer. If you read this article or watch the video you will understand the magnitude of this market top that looks to be forming.

As of right now, skilled investors are preparing for a potentially deeper price bottom and watching what is happening in the markets with interest – waiting for the right trigger to jump on the next big trend.

I have to toot my own horn here a little because subscribers and I had our trading accounts close at a new high watermark for our accounts. We not only exited the equities market as it started to roll over, but we profited from the sell-off in a very controlled way, and yesterday we locked in more profits with our SPY ETF trade on this bounce.

As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is going to be an incredible year for skilled traders.  Don’t miss all the incredible moves and trade setups.

I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts. These simple to follow ETF swing trades have our trading accounts sitting at new high water marks yet again this week, not many traders can say that this year. Visit my Active ETF Trading Newsletter.

We all have trading accounts, and while our trading accounts are important, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during a time like this, you could lose 25-50% or more of your entire net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position.

If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals which we issued a new signal for subscribers.

Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.

Chris Vermeulen
Chief Market Strategies
TheTechnicalTraders.com

By The Gold Report

Source: Streetwise Reports   04/17/2020

Shares of Tronox Holdings traded higher after the company released preliminary Q1/20 earnings data and provided an update on its ongoing operations.

This morning prior to the opening of U.S. markets, Tronox Ltd. (TROX:NYSE) announced some selected preliminary unaudited financial results for Q1/20 ending March 31, 2020. The company additionally provided an update on its current business operations.

Tronox highlighted that for Q1/20 it expects that revenue will come in at $722 million. The company further expects Q1/20 non-GAAP adjusted EBITDA of $172 million, a 22% increase over $141 million in Q1/19 and that Q1/20 non-GAAP adjusted EPS will be between $0.20 and $0.26. The firm added that it believes its balance sheet is solid with $419 million available in cash and cash equivalents, allowing it broad flexibility in managing cash flow. The firm noted that it has an additional $151 million available under its revolving credit agreements if needed.

The company’s Chairman and CEO Jeffry N. Quinn commented, “I am very pleased with Tronox’s strong Q1/20 results which came in above consensus and our previously issued guidance despite the onset of the COVID-19 pandemic in the latter part of the quarter…We will report our full financial results as planned in early May.”

Quinn continued, “We continue to prioritize the safety, health and well-being of our employees and their families while preserving and protecting our business. Our operations have been designated as essential to support the continued manufacturing of products such as food and medical packaging, medical equipment, pharmaceuticals, and personal protective gear…In the coming days, we expect to restart our mines and concentrators.”

According to CEO Quinn, titanium dioxide (TiO₂) demand in North America has been quite resilient and the firm is benefiting from its exposure to do-it-yourself coatings and packaging applications. The company mentioned that there are signs of certain markets picking back up in areas of Europe, though Asia Pacific remains somewhat mixed with the China market showing some strength while India is lagging.

CEO Quinn advised that the firm expects Q2/20 TiO₂ volumes to be only 4-7% below Q1/20 volumes. The company indicated that the demand for Zircon also remains mixed, with demand stronger in China offset by weaker European demand.

Tronox Holdings is based in Stamford, Conn., and states that “it is one of the world’s leading producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals; and zircon.” The company employs around 7,000 people over 6 continents. Tronox mines titanium-bearing mineral sands and operates processing facilities that produce high-grade titanium feedstock materials along with pig iron and other minerals. TiO₂ is used in a range of products in the manufacturing of paint, coatings, plastics, paper, inks, fibers, rubber, food, cosmetics and pharmaceuticals.

Tronox started the day with a market capitalization of around $704.3 million with approximately 142.4 million shares outstanding and a short interest of about 4.3%. TROX shares opened almost 21% higher today at $6.00 (+$1.04, +20.97%) over yesterday’s $4.96 closing price. The stock has traded today between $5.80 and $6.53 per share and is currently trading at $6.27 (+$1.31, +26.41%).

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: TROX:NYSE,
)

By CentralBankNews.info

By CentralBankNews.info
Mozambique’s central bank lowered its monetary policy rate for the first time this year but for the 12th time in three years, saying this comes amid a significant downward revision in the inflation outlook for the medium term “in a context of a greater decline in aggregate demand as a result of the impact of COVID-19 on the domestic and international economy.”
The Bank of Mozambique’s (BOM) cut its monetary policy rate, or MIMO, by 150 basis points to 11.25 percent and has now cut it by 12 percentage points since it began easing its policy stance in April 2017 after inflation began a steady decline from a peak of over 26 percent in November 2016.
The last rate cut prior to today’s was in August 2019 and the rate cut four years ago was carried out as BOM adopted MIMO as its new policy rate.
At a meeting on April 16, BOM’s monetary policy committee also lowered the rate on its deposit and lending facilities by 150 basis points to 8.25 percent and 14.25 percent, respectively.  The Compulsory Reserve Ratio on liabilities in national and foreign currency was unchanged at 11.50 percent and 34.50 percent, respectively.
Mozambique’s economy has been battered for decades by a series of major events, including a 15-year civil war, the withdrawal of funding by foreign donors in 2016 after it was discovered the government had hidden almost $1.4 billion of debt, and intense tropical cyclones that have killed thousands and destroyed crops, most recently cyclones Idai and Kenneth 12 months ago.
In August last year Mozambique’s president and the leader of the main opposition group finally signed a peace agreement that paved the way for peaceful elections in October, ending violence that has persisted since a full-scale civil war ended in 1992 that cost the lives of an estimated 1 million.
In March Mozambique’s inflation rate eased further to 3.09 percent from 3.55 percent in February and 3.48 percent in January while the exchange rate of the metical has depreciated this year after remaining relatively stable since May 2017.
Today the metical was trading at 67.1 to the U.S. dollar, down 7.3 percent this year after only falling 0.9 percent in 2019.
But Mozambique’s inflation prospects are continuing to improve, BOM said, adding international reserves were at a comfortable level of around US$3.9 billion, enough to cover more than 6 months of imports, and steady from $3.9 billion in February.
Last week’s decision by the International Monetary Fund (IMF) to provide immediate debt relief for six months to 25 of its poorest and most vulnerable members will allow Mozambique to use some US$15 million to help combat the effects of the coronavirus
However, BOM’s policy committee added the pressure on public spending along with lower revenue has already risen, with internal public debt rising to 166.76 billion meticais from the issuance of treasury bonds from 155.25 billion since February.
Last month the Confederation of Mozambican Business Associations (CTA) called for a sharp reduction in interest rates due to the impact of COVID-19, especially on tourism, transport and agriculture.
CTA, which said MIMO should be cut to 6.55 percent, as the income of these three sectors has already fallen 95 percent, 70 percent and 47 percent, respectively, for a combined loss of US$355 million.
Prior to the hit to Mozambique’s economy from the spread of the virus, BOM had expected economic growth to pick up this year due to reconstruction after last year’s cyclones.
In the fourth quarter of 2019, Mozambique’s gross domestic product expanded by an unchanged 2.0 percent year-on-year.
But BOM said the outlook for economic growth this year has deteriorated at a time when the economy was still weak from the effects of the cyclones and military instability.
However, the central bank had room to continue to support policies to mitigate the effects of the virus as the inflationary outlook continues to improve.

www.CentralBankNews.info

By TheTechnicalTraders

Two days ago, I had what I feel was one of the best conversations I have had on video about the markets, metals, miners, and the expectations we should all have as traders. If you have been following me for any length of time, or I’m new to you, the best thing you can do is listen to my conversion while you work, have a coffee or drink of some sort and hear me out.

My trading personality and style is straightforward, laid-back, and systematic. I take the complex and make it simple, and while you may think and be used to trying to catch big and wild moves in the market, the reality is, the method I talk about and teach will feel like a breath of fresh air.

Paul, “Half Dollar” Eberhart from SilverDoctors.com, got me on video, and here are what he wanted to know and the questions he asked in our Exclusive Interview.

Silver and the junior miners may not be the hottest sector around right now, but they will be once the stock market reaches its bottom. When will that be, and what can we expect?

Chris Vermeulen joins us today to discuss all of the latest action in the markets, from a professional, technical trader’s point of view.

During this deep dive into the markets, we discuss the stock market, silver, gold, the mining sector, oil, the US dollar, the fundamentals versus the technicals, and a whole lot more.

Is the US stock market in a sucker’s rally?

The precious metals sector is about to become the hottest sector of the markets?

What’s Chris seeing in the silver charts? What kind of opportunities are there in the precious metals sector?

Is it good to sit out the markets, and what about staying on the sidelines with cash?

What in the world is going on in the energy sector?

How are some of the ways Chris moves in and out of markets that are now so volatile?

What’s on the radar as we move into the end of April and into May?

***** If you found this video useful, help us out in the fight for sound money by smashing that “thumbs-up” button, subscribing to our channel, and clicking the “notification” icon to be notified of new videos. *****

As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is going to be an incredible year for skilled traders.  Don’t miss all the incredible moves and trade setups.

I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts. These simple to follow ETF swing trades have our trading accounts sitting at new high water marks yet again this week, not many traders can say that this year. Visit my Active ETF Trading Newsletter.

We all have trading accounts, and while our trading accounts are important, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during a time like this, you could lose 25-50% or more of your entire net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position.

If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals which we issued a new signal for subscribers.

Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.

Chris Vermeulen
Chief Market Strategies

TheTechnicalTraders.com

By The Gold Report

Source: Streetwise Reports   04/16/2020

Gold Terra’s Northwest Territories project benefits from its close proximity to Yellowknife City.

In February, Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) came into being, making the transformation from TerraX Minerals Inc. The company holds a large, 790-sq-km property in Canada’s Northwest Territories, in the shadow of the historical mining city of Yellowknife.

The rebirth of the company has been accompanied by changes in management. The company’s founder, geologist Joseph Campbell, serves as chief operating officer, and he has been joined by David Suda, serving as president, CEO and director, and Gerald Panneton as executive chairman.

“We consider YGT shares to be an attractive investment for exploration success, with high-grade gold deposit potential in a low political risk jurisdiction with above-average infrastructure.” – Michael Curran, Beacon Securities

“We made some management changes and put people in positions where they are able to maximize their strengths,” David Suda told Streetwise Reports. “Joe Campbell, the founder of the company, is a geologist who has had tremendous success finding and defining mineral resources. Joe put Gold Terra’s exploration property together. He runs our technical programs and is the liaison with the community of Yellowknife as he’s been operating there now for nearly seven years,” Suda explained.

“I bring in capital markets experience, relationships, corporate strategy and the ability to raise money, all the things you would expect from someone coming from the brokerage side of the business,” Suda stated. “The next move was to bring in Gerald Panneton as executive chairman. He was the founder of Detour Gold, which was recently sold for nearly $5 billion to Kirkland Lake Gold Ltd. Gerald built that company from A to Z. He has built several mines, first at Barrick Gold and then with Detour.”

“The company started in Yellowknife in 2013 with 37 square km and grew the property mostly piece by piece over six years to now approximately 790 sq km. It required a lot of work, building relationships with local prospectors, establishing a high level of trust within the local community,” Suda said and explained that what convinced him to join Gold Terra was its Yellowknife City Gold Project checked the right boxes. “First, it’s a high-grade gold camp, 100% owned. Second, it’s in Canada, a safe jurisdiction where we have economic and political systems in place. And third, it’s right next to infrastructure and the city of Yellowknife,” Suda said.

“What’s missing out there in the exploration world is a major discovery. And there certainly hasn’t been a major discovery of a mine that’s right next to infrastructure where it can be readily built. So, for us to have all three of those ingredients is tremendous, and that’s what attracted my attention,” he added.

Additionally, Gold Terra has the usual things that people look for in an exploration company, Suda said. “Does it have a good asset? Yes. Does it have a good management team with the right skills and experience? Yes. The next phase was to be able to raise money and in what’s been a tough market, we did that. We’ve drilled over the course of this winter, roughly 10,000 meters on our Sam Otto target. And then we’re going to exit the field by drilling on a new, very exciting high-grade target very close to town. And so we’ll have that suite of results coming from that program. We’re very happy to be cashed up to cover our G&A for at least the remainder of the year.”

The project lies in the shadow of the Con and Giant mines, which produced 14 million ounces of gold, at an average grade of around 16 grams per tonne.

Yellowknife City Gold Project

“Five of the six million ounces that were produced at the Con Mine were produced out of the Campbell Shear. We believe there is another one or maybe more of these on the property,” Suda said. “So in sync with our drilling this winter, we’ve also run a large geophysics program, which has identified some anomalies that have spurred us to go and drill what we believe could be just that.”

“The really blue sky for Gold Terra is that we’ve got this huge district, 790 square km and roughly 70 km of strike,” Suda stated. “This is a large property but it needs to be tackled in a methodical and focused way. With the team we now have and the funding that we now have, we put out our first resource, we’re showing that we’re going to find the next one, and we’ll go on from there, instead of trying to run around the entire property.”

“Our job is to put it all together and to prove that there is another Con Mine on our property. We strongly believe it’s there. Our mission is to go out there and find it and prove it,” Suda added.

“The project has some very high-grade targets, with intercepts like 60 grams per tonne over 5 meters. We also have Sam Otto, which we just drilled. It is a wide bulk tonnage disseminated sulfide target right at surface,” Suda explained. “When major gold producing companies come to our site to look at our assets, Sam Otto is one of the first places they look and they see a cornerstone of a mine because of its large, long and predictable structure. The kicker is that it’s surrounded by a halo of high grade targets, which make up the rest of our resource. So you could have this large bulk tonnage area and a mill, and the high-grade targets could be used to blend the ores, using the high grade to supplement the lower grade stuff. And, of course, it’s right next to town, near a road, with power lines. It’s just a tremendous situation to be in.”

Gold Terra is on the radar screens of numerous industry observers including Beacon Securities analyst Michael Curran. “I’ve been covering Gold Terra for about a year and a half, and have been following it for several years prior to that,” he told Streetwise Reports. We are always interested in high-grade districts, and clearly that’s what Gold Terra is involved in. We’ve seen Gold Terra assemble and expand its land package north of the city. It is an area that we think has been underexplored and certainly has potential geologically to see some of the same mineralization that was found in the city with the Con and Giant mines.”

“We’ve been very impressed with the revised strategy that the new management team has brought in,” Curran added. “One of the issues with the old ways was that we’d see press releases with some good drill results, but they would be on three, four or five different zones, so it was a difficult story to follow, because it seemed like there were upwards of 10 different zones that had shown good drill results but they weren’t really describing the story well enough for investors to grasp the full potential. Certainly they hadn’t done enough targeted drilling to put out resources on the project, to show at least a starting point, and then build upside from there. So certainly that’s been the change in the last year and a half with new management that has a more focused exploration program.”

On the Yellowknife project itself, Curran said, “Gold Terra seems to be outlining a larger area in Sam Otto, potentially lower grade, but I think the combination of having lower grade zones plus higher grade zones is a good one. I covered Kaminak in the Yukon that was taken out by Goldcorp. One of the attributes of its Coffee deposit was a combination of mineralized zones where you had large areas of 1-2 gram open-pittable resources, as well as zones of higher grade 5 g/t or higher material, so that when you put it all together, there was compelling economic potential. So I think we are starting to see some sprouting of early stages of that, with Sam Otto potentially being a larger resource of lower grade, but I’m very excited when the company gets back to the summer drilling in Crestaurum, poking some holes there that may show that to be developing into a higher grade zone. As you build resources in both camps, the economic viability starts to improve.”

“We consider YGT shares to be an attractive investment for exploration success, with high-grade gold deposit potential in a low political risk jurisdiction with above-average infrastructure,” Curran concluded.

Jay Taylor wrote in Gold, Energy and Tech Stocks newsletter on February 28, “I have viewed Joseph Campbell, who is the company’s COO, very positively. But the addition of David Suda as CEO and Gerald Panneton, Executive Chairman, over the past year or so, has provided the company with additional talent that I believe can help to help make Campbell’s visionary dreams for this company’s Yellowknife City 790-sq.-km gold project come true. . .The excitement here is the potential for this deposit [Crestaurum] to evolve into a high-grade underground mine akin to the prolific Con Mine where ~1 million ounces of gold from material grading 19.54 g/t were mined. ”

“I can tell you that if there starts to be evidence of continuity between Sam Otto Main and Sam Otto South, visions of a Detour Lake encore may start to generate some significant buying in these shares. And then at some point, there will also be some very interesting exploration of Crestaurum. There’s lots to look forward to with Gold Terra, as exploration progresses this year,” Taylor wrote.

Brien Lundin wrote in Gold Newsletter on February 27, “The winter drilling program on Gold Terra’s YCG [Yellowknife City Gold] project in Northwest Territories continues to bear fruit. The latest assays came from three holes drilled on the Sam Otto South target, with Hole 58 (25 meters of 1.39 g/t, including 10.59 meters of 2.48 g/t) and Hole 53 (2.0 meters of 6.24 g/t) providing the highlights. With assays pending from another 14 holes drilled on Sam Otto Main, Sam Otto South and the Connector zone between them, Gold Terra’s news will continue to flow.

“YCG is truly a district-scale project. As such, it takes a while to wrap your mind around its scope. That said, the overall project has multi-million-ounce potential and, with gold soaring, Gold Terra is an inexpensive bet on discovery, resource growth and higher gold prices. It’s still a buy,” Lundin concluded.

Gold Terra has stopped exploration during the Covid-19 pandemic. “We will use the down time to analyze the data that we do have. We have battened down the financial hatches, decreased our burn rate as much as possible, and plan to raise money for the next major drill program on the back of solid results from this program,” Suda explained.

The company has 160 million shares outstanding, 178 million fully diluted.

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Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Gold Terra. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Gold Terra and Newmont Goldcorp, companies mentioned in this article.

Additional Disclosures

Disclosures for Beacon Securities, Gold Terra Resource Corp., February 21, 2020
Does Beacon, or its affiliates or analysts collectively, beneficially own 1% or more of any class of the issuer’s equity securities? No
Does the analyst who prepared this research report have a position, either long or short, in any of the issuer’s securities? Yes
Has any director, partner, or officer of Beacon Securities, or the analyst involved in the preparation of the research report, received remuneration for any services provided to the securities issuer during the preceding 12 months? No
Has Beacon Securities performed investment banking services in the past 12 months and received compensation for investment banking services for this issuer in the past 12 months? Yes
Was the analyst who prepared this research report compensated from revenues generated solely by the Beacon Securities Investment Banking Department? No
Does any director, officer, or employee of Beacon Securities serve as a director, officer, or in any advisory capacity to the issuer? No
Are there any material conflicts of interest with Beacon Securities or the analyst who prepared the report and the issuer? No
Is Beacon Securities a market maker in the equity of the issuer? No
This report makes reference to a recent analyst visit to the head office of the issuer or a site visit to an issuer’s operation(s)? No
Did the issuer pay for or reimburse the analyst for the travel expenses? No

Analyst Certification
The Beacon Securities Analyst named on the report hereby certifies that the recommendations and/or opinions expressed herein accurately reflect such research analyst’s personal views about the company and securities that are the subject of the report; or any other companies mentioned in the report that are also covered by the named analyst. In addition, no part of the research analyst’s compensation is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

J. Taylor’s Gold, Energy and Tech Stocks: Securities are selected for presentation in this publication based strictly on their investment merits in the judgment of the editor and no fees are charged for inclusion in this letter. The currency used in this publication is the U.S. dollar unless otherwise noted. The material contained herein is solely for information purposes. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice before investing in any of the ideas expressed in this letter. Jay Taylor owns Gold Terra securities.

Gold Newsletter: The publisher and its affiliates, officers, directors and owner actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Authors of articles or special reports are sometimes compensated for their services.

( Companies Mentioned: YGT:TSX.V; TRXXF:OTC; TXO:FSE,
)

By The Gold Report

Source: Streetwise Reports   04/16/2020

Great Panther Mining’s activities during the year’s first quarter are summarized in a ROTH Capital Partners report.

In an April 13 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) had strong Q1/20 production with limited effects from the COVID-19 pandemic.

Sekelsky reviewed what the precious metals miner accomplished during Q1/20.

For one, Gold Panther produced 34,725 ounces of gold equivalent (Au eq), which was generally consistent with ROTH’s estimate of 35,631 ounces of Au eq.

Also during that period, the British Columbia-based company started advanced stripped of material at the Tucano gold mine in Brazil.

Further, Great Panther progressed with remedial activities at Tucano’s Urucum Central South (UCS) pit because the weather was favorable. “We continue to view a potential positive outcome of the geotechnical review at UCS as a major catalyst for shares in H2/20,” Sekelsky wrote.

He concluded that Great Panther’s “management has taken prudent steps to derisk Tucano while remaining transparent with the market. In short, we believe these efforts should support the company in outlining a sustainable medium-term mine plan at Tucano.”

As for its 2020 production guidance, Great Panther should be able to produce 120,000–130,000 ounces of gold equivalent if Tucano continues to operate uninterrupted, Sekelsky purported. This is for two reasons. One, most of Great Panther’s consolidated production comes from Tucano, and two, Tucano is the company’s only operating mine right now. The producer previously suspended its Mexico operations due to coronavirus restrictions.

ROTH has a Buy rating and a US$0.70 per share price target on Great Panther, the stock of which is currently trading at around US$0.49 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from ROTH Capital Partners, Great Panther Mining, Company Note, April 13, 2020

Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Great Panther Mining and as such, buys and sells from customers on a principal basis.

Shares of Great Panther Mining may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

( Companies Mentioned: GPR:TSX; GPL:NYSE.American,
)