This week – November 24 to November 30 – central banks from 17 countries or jurisdictions are scheduled to decide on monetary policy: Israel, Ghana, Kenya, Colombia, Kyrgyz Republic, Nigeria, Lesotho, Cape Verde, Mauritius, Fiji, Tajikistan, Gambia, Angola, South Korea, Sri Lanka, Bulgaria and Dominican Republic. Following table includes the name of the country, the date of the next policy decision, the current policy rate, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
The table is updated when the latest decisions are announced and can always accessed by clicking on This Week.
On Friday the 22nd of November, trading on the euro finished up down by 40 points. The single currency fell in trading in New York, after the release of American statistics. Markit indexes, concerning business activity in industry and services in the US for November were higher than the previous and projected levels. The November index for business activity in Michigan also showed growth.
Day’s news (GMT +3):
12:00 Germany: IFO – Business Climate (Nov), IFO – Current Assessment (Nov), IFO – Expectations (Nov).
15:30 USA: Chicago Fed National Activity Index (Oct).
16:30 Canada: Wholesale Sales (MoM) (Sep).
Current situation:
Friday’s expectations were fully justified. I was surprised by the aggressiveness of bears before the weekend, because Markit’s data on business activity in the USA have less impact on the market than the data from ISM.
According to the wave structure, the decline did not come to an end. The fall stopped at the 67th degree, with the trend line from the minimum at 1.0879. Since today is Monday, and the EURUSD pair was falling for most of the time on Friday, we can consider movement against Friday’s activity up to the balance line Lb – 1.1050. After the 67th degree, the next target level for bears will be 1.0992.
Asian stocks are starting the week on a positive note while US equities futures are also pointing higher, as investors take into account China’s latest announcement that it would raise penalties on intellectual property theft. The move suggests that key concessions are being made in order to increase the prospects of a partial US-China deal, which is giving investors another opportunity to capitalize on risk-on trading activity.
Gold prices have dipped below the $1460 psychological level, the Japanese Yen has weakened towards the 109.0 mark against the US Dollar, while 10-year US Treasury yields have inched higher.
The fact that safe haven assets such as Gold, which still boasts a year-to-date gain of nearly 14 percent, remain relatively supported only points to the underlying sense of caution that are keeping some investors anchored amidst these bursts of increased risk appetite. Even if the keenly awaited “phase-one” trade deal is signed, it doesn’t mean it will be all smooth sailing for the markets thereafter, with further bouts of volatility expected as the world’s two largest economies try to reconcile their trade differences over subsequent phases.
Resilient US data to support Dollar, makes case for leaving US interest rates unchanged
The tone surrounding the ongoing trade talks is likely to overshadow the incoming economic data this week, even as investors try and get a better read on the global economy. The US Q3 GDP revision as well as consumer spending data should inform investors how well the US economy is propping up global growth, or whether it will have to pass that baton over to the rest of the world sooner rather than later. With the US Dollar gaining on the back of Friday’s better-than-expected PMI readings, more signs of a resilient US economy could help support the Greenback, while staying the hand of a data-dependent Federal Reserve.
Euro still weighed by dismal economic outlook
EURUSD is hovering just above the 1.10 level, now weaker against most of its G10 peers, following Friday’s conflicting PMI figures out of the Eurozone. Despite the better-than-expected manufacturing PMI readings, the sector’s prolonged contraction appears to be dragging down the service sector as well. The EU economy just can’t seem to catch a break, with such economic concerns dampening the bloc’s currency.
Considering the apparent economic headwinds, the governments of EU members may do well to heed ECB President Christine Lagarde’s call in rolling out more fiscal stimulus measures to shore up the floundering economy. A limited US-China trade deal, one that includes the removal of tariffs, would also go a long way in brightening the Euro’s outlook and validating hopes that the EU is headed for a turnaround.
Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.
US stocks resumed advancing on Friday despite the Federal Communications Commission vote to label Chinese telecom giants Huawei and ZTE as a national security risk. The S&P 500 advanced 0.2% to 3110.29, booking 0.3% weekly loss. Dow Jones industrial rose 0.4% to 27875.6. The Nasdaq added 0.2% to 8519.88. The dollar strengthening accelerated even more on Markit’s reports activities in both manufacturing and services sectors expanded in November. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% to 98.23 but is lower currently. Futures on US stock indices point to higher openings.
FTSE 100 led European indexes gains
European stock indexes snapped four-session loss streak on Friday. Both the EUR/USD and GBP/USD accelerated their declines Friday with both pairs higher currently. The Stoxx Europe 600 Index rose 0.4% with resource shares’ leading advancers. The DAX 30 gained 0.2% Friday to 13163.88 as Germany avoided a recession in the third quarter as GDP expanded by 0.1% following 0.2% drop in Q2. France’s CAC 40 advanced 0.3% and UK’s FTSE 100 rose 1.2% to 7326.81 despite a decline in UK composite PMI for November.
Hang Seng leads Asian Indexes gains
Asian stock indices are mostly rising today. Nikkei ended 0.8% higher at 23292.81 as yen resumed its slide against the dollar. China’s markets are rising despite US Federal Communications Commission’s decision on Friday to label Chinese telecom giants Huawei and ZTE as a national security risk which will prevent them from accessing a government subsidy program: the Shanghai Composite Index is 0.7% higher and Hong Kong’s Hang Seng Index is up 1.6%. Australia’s All Ordinaries Index extended gains 0.3% despite Australian dollar’s resumed gain against the greenback.
Brent futures prices are extending losses today. Prices fell on Friday despite the oil-field services firm Baker Hughes report the number of rigs drilling for crude in US dropped by 3 last week to 671: Brent for January settlement lost 0.9% to $63.39 a barrel Friday.
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.
Technical analyst Clive Maund charts how news from this company affects its investment thesis.
The reason for this brief update is that this is a good juncture to bring to your attention that the technical condition of Captiva Verde’s stock continues to improve, to the point that it now looks about ready to break out to new highs. If it does, it should go on to make substantial gains after its long period of consolidation from last March.
On its latest 14-month chart we can see that it is now nudging its way out of a bull flag on good volume, and is now in position to take on the resistance at the highs at CA$0.30 per share. Factors strongly supportive of a probable breakout are the bullish alignment of moving averages, with the rising 50-day set to quickly cross the rising 200-day in the event of breakout, and the positive volume pattern, with predominant upside volume in the recent past, which has driven the accumulation line steadily higher. The pattern that has formed since June is classified as a shallow head-and-shoulders bottom. This is, thus, a very positive picture indeed.
With respect to the fundamentals, in addition to what was set out in the last update on the 11th, there has since been news out about a week ago that Captiva Verde is to acquire Miss Envy, a development that has its competitors turning green. This looks like a sound growth strategy, and here it is worth recalling that the CEO of Captiva Verde, Jeff Ciachurski, grew Western Wind from a tiny outfit to a very valuable company when it was eventually sold/bought out. It seems likely he will do the same with Captiva Verde, especially as the regulatory environment in Mexico is moving very swiftly in the company’s favor.
Finally, the fundamental and technical outlook for this stock is so favorable that it is considered worth dumping some losers and stagnant stocks in your portfolio and regrouping into stocks like this. The stock trades in light, but improving and now acceptable, volumes on the US OTC market, where, as ever, limit orders should be employed. It is certainly worth noting that there has been a big build-up in upside volume in recent weeks on this market, which has driven the on-balance volume line sharply.
Captiva Verde Land Corp.; PWR:CSX, CPIVF:OTC; closed at CA$0.245, $0.18 on 20 November 2019.
Originally posted on CliveMaund.com at 8.35 am EST on 21 November 2019.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This 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 Captiva Verde, a company mentioned in this article.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
Shares of Hepion Pharmaceuticals opened higher today after the company reported that its anti-fibrotic agent CRV431 prevented the development of liver cirrhosis in a highly aggressive, preclinical liver disease model.
Edison, New Jersey-based biopharmaceutical company Hepion Pharmaceuticals Inc. (HEPA:NASDAQ), which focuses on the development of therapeutic drugs for the treatment of liver disease arising from non-alcoholic steatohepatitis (NASH), yesterday announced that CRV431, an anti-fibrotic agent, prevented the development of liver cirrhosis in a highly aggressive, preclinical model of liver disease.
The study was conducted by Physiogenex S.A.S., a Contract Research Organization (CRO) based in France. In the study, Hepion reported that “rats were administered the hepatotoxic compound, thioacetamide, for nine weeks to induce liver injury and fibrosis, in combination with either CRV431 or vehicle control for the entire study period, and that blinded, histopathological analysis of the livers was then conducted at the end of the study period.”
The firm noted that “in the vehicle control group, 50% of the 10 animals developed cirrhosis, a severe form of liver disease that includes maximum levels of fibrotic scarring (F4 fibrosis; Kleiner scoring system), and in contrast, none of the 10 CRV431-treated rats developed cirrhosis.”
Hepion’s CEO Dr. Robert Foster commented, “These findings are an important preclinical milestone for CRV431 because thioacetamide administration to rats is recognized to produce among the most severe liver disease of all experimental models. This model was a rigorous test of CRV431’s anti-fibrotic activity…The results align with previous findings in other experimental models and highlight the tremendous potential of CRV431 as a treatment for liver diseases, including NASH, where progression to cirrhosis is a primary medical concern. Every fibrosis study that we have conducted thus far, whether in animals or in human liver slices, has demonstrated CRV431’s strong anti-fibrotic activity, contributing to a body of preclinical efficacy data that complements our ongoing human clinical trials.”
Less than two weeks ago, the firm announced findings from a preclinical study where CRV431, a novel cyclophilin inhibitor, significantly decreased the extent of liver fibrosis in a highly regarded, Western Diet (WD) animal model of NASH.
The firm noted in the release that this WD model, which was developed in the laboratory of Dr. Scott Friedman at Icahn School of Medicine at Mount Sinai, New York, employs a high-fat, high-fructose and high-cholesterol diet in combination with carbon tetrachloride (CCl4) to cause significant fibrosis and hepatocellular carcinoma in mice. The company claimed in the report that “the model replicates many of the metabolic and histologic features of human NASH.”
CEO Dr. Foster remarked, “CRV431 has potently and consistently reduced liver fibrosis in every experimental model in which CRV431 has been examined…A total of seven studies spanning four experimental models and three independent testing sites have now shown CRV431 to decrease liver fibrosis arising from a variety of dietary, chemical, and biochemical insults. These findings include previously reported positive results in human liver samples as examined by precision cut liver slice methodologies, or PCLS…Taken together, these studies suggest that CRV431 may be most effective in advanced stages of NASH where fibrotic activities are highly active. We are building one study upon another to drive our data portfolio, and the results continue to be outstanding. We plan to continue with many additional studies conducted in parallel with our clinical programs to develop a thorough understanding of this important mode of action in liver disease.”
Hepion Pharmaceuticals Inc., formerly ContraVir Pharmaceuticals Inc., is a clinical-stage biopharmaceutical company headquartered in Edison, New Jersey. The company indicates that it is focused on the development of targeted therapies for liver disease arising from non-alcoholic steatohepatitis (NASH) and chronic hepatitis virus infection (HBV, HCV, HDV). “Hepion’s lead drug candidate, CRV431, reduces liver fibrosis and hepatocellular carcinoma tumor burden in experimental models of NASH. Preclinical studies also have demonstrated antiviral activities towards HBV, HCV, and HDV through several mechanisms. These diverse therapeutic activities result from CRV431’s potent inhibition of cyclophilins, which are involved in many disease processes. Currently in clinical phase development, CRV431 shows potential to play an important role in the overall treatment of liver disease – from triggering events through to end-stage disease,” the company stated.
Hepion Pharmaceuticals Inc. began the day with a market capitalization of about $8.5 million with around 3.454 million shares outstanding. The stock has a 52-week price range of $2.00-39.20. This morning, HEPA shares opened greater than 75% higher at $4.30 (+$1.85, +75.51%) over yesterday’s $2.45 closing price. The stock has traded today between $3.51 and $4.55/share on extremely high volume and is currently trading at $3.52 (+$1.10, +45.39%).
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. 6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.
Two areas were accessed, mapped and sampled. One was the lower levels of the Nevada Rand shaft. Sampling at the 250-foot level, which contains the most stoped areas, showed continuity of silver and gold mineralization with strong grades.
“Nevada Rand is ideally positioned for re-rating and upside.” – Michael Ballanger
Around the former ore chutes in the southeast extension of the mine, a rock chip sample returned 491 grams per ton (491 g/t) silver and 5.6 g/t gold. A grab sample demonstrated 208 g/t silver and 5.29 g/t gold.
The locations of the raises and stopes at the 250-foot level relative to strike and mined areas suggest potential for new mineralization to the southeast, both updip and down dip, the company noted.
The second area investigated was the upper levels of the Number 2, or middle, shaft at the Lone Star mine. Drifting on the 135-foot level was sampled, and results are pending.
The lack of stoping despite the presence of mineralization suggests the area was not economical to mine back in the early 1900s. However, “this presents an opportunity on the Nevada Rand property to develop this mineralization as it may be of economic interest at today’s metal prices,” the release noted.
From mapping and historical reports, Goldcliff hypothesized that most of the historical ore produced was recovered from the Number 3 shaft, or easternmost mine, which remains untested.
Precious metals expert Michael Ballanger commented on Goldcliff on November 19, “Today’s news release from Goldcliff Resource Corp. (GCN.V)(CAD$.115) adds further credence to my newfound thesis that junior explorers that have a mineral resource are infinitely more attractive than “grass roots” explorers. GCN’s Nevada Rand Project appears to have potential for additional mineralization both up and down dip to the southeast. Of particular interest is the high-grade values which carry ore value per tonne of around (USD)$535/tonne. The silver component alone carries (USD) $269 per tonne, which is modestly higher than the gold’s value. As it is my opinion that silver is about to outperform gold over the next year, Nevada Rand is ideally positioned for re-rating and upside.
Goldcliff is a “mine development company focused on near-term cash flow by applying the phased production business model to precious metals assets.”
Goldcliff agreed to acquire the Nevada Rand property this past June.
According to the company, “Goldcliff has the right to purchase a 100% interest in Nevada Rand, from Nevada Select Royalty LLC, a wholly owned subsidiary of Ely Gold Royalty Inc., for payment of $250,000 USD over four years. Goldcliff paid Nevada Select $10,000 USD upon signing of the agreement with a further $15,000 USD to be paid six months from the date of signing. On each of the first, second and third anniversaries of signing, Goldcliff will pay $25,000 USD. A final payment of $150,000 USD will be made on the fourth anniversary and a 100% property interest conveyed to Goldcliff.”
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. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldcliff Resources and Ely Gold Royalties. 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 interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldcliff, a company mentioned in this article.
Additional Disclosures: Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Goldcliff. My company has a financial relationship with the following companies referred to in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures are below.
Michael Ballanger Newsletter Disclaimer: This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.
Bob Moriarty of 321gold profiles one of the few pure-play silver companies.
When the precious metals bull begins to roar, silver roars along with it. In general, when the metals go down silver goes down more and faster than gold. When precious metals climb, silver climbs faster and goes higher. So if you believe that we are in a metals bull market you may well want to own a good silver stock. That and knowing that silver investors are goofier than a three legged ground hog. They take to silver like a kitten takes to catnip.
Aftermath Silver Ltd. (AAG:TSX.V) wants to become the go-to silver company. The young company just raised $2.5 million CAD at $0.08 a share and followed up with a $3 million CAD raise at $0.20 most of which went to Eric Sprott who holds 19.9% of the outstanding shares. Eric likes silver a lot. Each of the private placements came with a half warrant. At the end of the day there will be about 76 million shares issued and outstanding and about 100 million on a fully diluted basis. The $0.08 placement warrants will bring in $1.92 million when exercised. The $0.20 placement will bring in an additional $2 million upon exercise.
The company intends to use the money to advance two big silver projects located in Chile. The first project is the Cachinal silver project where Aftermath is buying 80% of the project from Apogee for $1.575 million. Cachinal shows a 43-101 resource of just over 27 million ounces. Grade varies from 61 g/t Ag in the inferred open pit to 188 g/t Ag in the underground-indicated category. Payments are spread over eighteen months.
The second project is the Challacollo silver property with a 43-101 resource of over 37 million ounces of silver. It’s a high-grade deposit showing 200 g/t Ag in indicated category and 134 g/t Ag in the inferred category. Aftermath is buying 100% of the project from Mandalay for $7.5 million CAD over 15 months.
Both projects have had underground mining. Aftermath believes each has lower cost open pit potential. Drilling to define more ounces and prove the potential for economic open pits will begin in Q1 of 2020. The company is both well managed and well cashed up. I have known Michael Williams, the Chairman, for almost 17 years and Ralph Rushton, the President and CEO, for nearly that long. Ralph was with Radius and Western Pacific. Michael was with Full Metal Minerals and Underworld.
I was lucky enough to get into the $0.08 placements. Warrants from both placements are in the money and I would expect them to start being exercised as soon as the shares become free trading.
Michael Williams and Ralph understand the importance of communication. There are few actual pure silver companies and they will be branding Aftermath as The Silver Company for investors. Chile has had civil issues lately after a 4% hike in subway fares but with 25% of the economy based on mining I do not expect Aftermath to be affected at all. The issues are in the cities, not with the mining companies.
Aftermath is an advertiser. I am a shareholder. Do your own due diligence.
Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aftermath Silver. Aftermath Silver is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Aftermath Silver. Please click here for more information. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 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 shares of Aftermath Silver, a company mentioned in this article.
Here are the latest links to our coverage of the Commitment of Traders data changes.
This week in the COT data, currency speculators continued to cut back on their US Dollar Index bullish bets for a seventh consecutive week. The USD speculative bullish position has fallen to the lowest level in 23 weeks.
Canadian dollar bullish bets dropped by over -13,000 contracts this week after falling by over -11,000 contracts in the previous week. CAD bets still remain in bullish territory but at the lowest level in five weeks.
Crude oil speculator positions were rose higher for a sixth consecutive week and has gained by a total of +74,890 contracts in the past six weeks. The bullish level is at the highest level in twenty-five weeks.
The 10-Year Note speculators once again raised their bearish bets for the third time in four weeks. The bearish bet gains pushed the net position above the -100,000 net contract level for a fourth consecutive week.
Precious metals speculators advanced their Gold bullish positions by over +18,000 net contracts this week and positions have gone higher for four times in the past five weeks. Gold bullish bets have stayed above the +250,000 net contract level for eighteen straight weeks now.
Silver speculator bets rebounded this week after falling for two straight weeks. This week’s gain of 7,352 net contracts pushes the overall net position back above the +40,000 net contract level.
Copper speculators boosted their bearish bets for a second straight week following four straight weeks of lower bearish positions. The current bearish position is now back above the -35,000 net contract level for the first time in four weeks.
VIX speculators once again reached a new all-time high record bearish position for a fourth straight week with bets at a total of -218,362 contracts. The bearish positioning has come fast and furious with bearish gains in six consecutive weeks and for the eleventh time out of the past twelve weeks.
Large currency speculators lowered their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. See full article.
The large speculator contracts of WTI crude futures totaled a net position of 429,975 contracts, according to the latest data this week. This was a change of 5,378 contracts from the previous weekly total. See full article.
Large speculator contracts of the 10-Year Bond futures totaled a net position of -183,524 contracts, according to the latest data this week. This was a change of -34,730 contracts from the previous weekly total. See full article.
Large precious metals speculator contracts of the Gold futures totaled a net position of 285,859 contracts, according to the latest data this week. This was a change of 18,793 contracts from the previous weekly total. See full article.
Large stock market volatility speculator contracts of the VIX futures totaled a net position of -218,362 contracts, according to the latest data this week. This was a change of -12,205 contracts from the previous weekly total. See full article.
Large precious metals speculator contracts of the silver futures totaled a net position of 44,716 contracts, according to the latest data this week. This was a change of 7,352 contracts from the previous weekly total. See full article.
Metals speculator contracts of the copper futures totaled a net position of -35,106 contracts, according to the latest data this week. This was a change of -8,819 contracts from the previous weekly total. See full article.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).
Large currency speculators once again decreased their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 24,625 contracts in the data reported through Tuesday November 19th. This was a weekly fall of -3,159 contracts from the previous week which had a total of 27,784 net contracts.
The week’s net position was the result of the gross bullish position (longs) lowering by -2,408 contracts (to a weekly total of 31,509 contracts) compared to the gross bearish position (shorts) which saw a gain by 751 contracts on the week (to a total of 6,884 contracts).
US Dollar Index speculators cut back on their bullish bets for a seventh straight week and have now trimmed the net position by a total of -18,403 contracts over the past seven weeks. These recent declines have brought the overall net position to the lowest bullish level in twenty-three weeks.
Individual Currencies Data this week:
In the other major currency contracts data, we saw only one substantial change (+ or – 10,000 contracts) in the speculators category this week.
Canadian dollar speculators sharply cut back on their bullish positions by over -13,000 contracts this week. This is the second straight week bets have fallen by more than -10,000 contracts after bets had gained strongly in the previous three weeks. The CAD position continues to be in bullish territory for the twenty-first straight week but is now at the lowest level in the past five weeks with a total net position of +28,865 contracts.
Overall, the only major currency that saw improving speculator positions this week was the New Zealand dollar with a total of 1,136 contracts.
The currencies whose speculative bets declined this week were the US dollar index (-3,159 weekly change in contracts), euro (-4,834 contracts), British pound sterling (-3,770 contracts), Japanese yen (-34 contracts), Swiss franc (-1,072 contracts), Canadian dollar (-13,508 contracts), Australian dollar (-6,431 contracts) and the Mexican peso (-2,216 contracts).
Chart: Current Strength of Each Currency compared to their 3-Year Range
See the table and individual currency charts below.
Table of Large Speculator Levels & Weekly Changes:
Currency
Net Speculator Position
Specs Weekly Change
USD Index
24,625
-3,159
EuroFx
-62,503
-4,834
GBP
-31,903
-3,770
JPY
-35,031
-34
CHF
-16,192
-1,072
CAD
28,865
-13,508
AUD
-47,240
-6,431
NZD
-35,099
1,136
MXN
139,821
-2,216
This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.
Weekly Charts: Large Trader Weekly Positions vs Price
EuroFX:
The Euro large speculator standing this week recorded a net position of -62,503 contracts in the data reported through Tuesday. This was a weekly decline of -4,834 contracts from the previous week which had a total of -57,669 net contracts.
British Pound Sterling:
The large British pound sterling speculator level equaled a net position of -31,903 contracts in the data reported this week. This was a weekly lowering of -3,770 contracts from the previous week which had a total of -28,133 net contracts.
Japanese Yen:
Large Japanese yen speculators was a net position of -35,031 contracts in this week’s data. This was a weekly decrease of -34 contracts from the previous week which had a total of -34,997 net contracts.
Swiss Franc:
The Swiss franc speculator standing this week recorded a net position of -16,192 contracts in the data through Tuesday. This was a weekly lowering of -1,072 contracts from the previous week which had a total of -15,120 net contracts.
Canadian Dollar:
Canadian dollar speculators was a net position of 28,865 contracts this week. This was a decrease of -13,508 contracts from the previous week which had a total of 42,373 net contracts.
Australian Dollar:
The large speculator positions in Australian dollar futures equaled a net position of -47,240 contracts this week in the data ending Tuesday. This was a weekly lowering of -6,431 contracts from the previous week which had a total of -40,809 net contracts.
New Zealand Dollar:
The New Zealand dollar speculative standing reached a net position of -35,099 contracts this week in the latest COT data. This was a weekly advance of 1,136 contracts from the previous week which had a total of -36,235 net contracts.
Mexican Peso:
Mexican peso speculators recorded a net position of 139,821 contracts this week. This was a weekly reduction of -2,216 contracts from the previous week which had a total of 142,037 net contracts.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).
