Categories
Precious Metals

Silver Surges as Reddit Army Targets Precious Metals

New York (CNN Business)Move over GameStop, Reddit mania is spreading to the precious metals market.Silver futures surged as much as 8.5% above$29 Sunday evening, touching five-month highs. That follows a 6% rally last week.Meanwhile, retail sites warned customers over the weekend they could not meet skyrocketing demand for silver bars and coins. And “#silversqueeze” is trending on Twitter.In more recent trading, silver futures were up 6.5%.The moves provide another example of the power of a group that has captivated Wall Street and Main Street: WallStreetBets. The Reddit forum sent GameStop (GME), AMC (AMC) and other heavily shorted stocks skyrocketing last week, roiling markets and crushing some hedge funds that had bet against those stocks. Robinhood, the free-trading app, came under fire after restricting trades in GameStop and other stocks.People on WallStreetBets set their sights on silver and theiShares Silver Trust ETF (SLV) last week, with some suggesting it could be a way to hurt big banks they believe are artificially suppressing prices.”SLV will destroy the biggest banks, not just some little hedge funds,” one WallStreetBets user wrote.

It's not just GameStop. Market bubble fears are rising

It’s not just GameStop. Market bubble fears are risingAnother claimed JPMorgan Chase has been “suppressing metals for a long time. This should be epic. LOAD UP.”Several noted that JPMorgan (JPM) paid a record $920 million fine last year to settle charges that it engaged in manipulative trades of futures tied to precious metals as well as Treasuries.The Winklevoss twins, who famously sued Facebook’s Mark Zuckerberg and were early backers of bitcoin, both tweeted support for the push by WallStreetBets into silver.”The #silversqueeze is a rage against the machine,” Tyler Winklevoss tweeted.”If silver market is proven to be fraudulent, you better believe gold market will be next,” Cameron Winklevoss tweeted.Leading retail sites posted warnings over the weekend that they faced heavy demand.

Inside the Reddit army that's crushing Wall Street

Inside the Reddit army that’s crushing Wall Street“Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening,” APMEX, which calls itself the world’s largest online retailer of precious metals, wrote in a notice atop its website.SD Bullion warned that “due to unprecedented silver demand” it would also be unable to accept orders until Sunday evening. Similar notices were posted by Money Metals and other websites.”It’s not surprising to see the sharp and abrupt uptick in consumer demand overwhelm the physical supply of silver coins held by dealers in the short term,” Ryan Fitzmaurice, a commodities strategist at Rabobank, told CNN Business in an email.However, unlike GameStop and other unloved stocks targeted by WallStreetBets, silver futures have been strong of late. Hedge funds and other institutional investors had been bullish on silver futures and the precious metal was trading near multi-year highs.”It is a dramatically different market setup,” Fitzmaurice said. “I am not sure how well this new Reddit trading strategy will fare in futures markets and especially the notoriously volatile commodity markets.”

By Matt EganCNN Business

Updated 8:18 PM ET, Sun January 31, 2021

Categories
Base Metals Exclusive Interviews Junior Mining Project Generators

Uranium Market Update and Big Upside Potential – Skyharbour Resources


Transcript


https://youtu.be/EV13Ds-AqX4

In today’s interview, we will sit down with Jordan Trimble the CEO of Skybarhour Resources provides a compelling case on the merits of becoming a shareholder in Skyharbour Resources Ltd., which is a Preeminent Uranium and Thorium Explorer In Canada’s Prolific Athabasca Basin, and discuss the Uranium Market and upside potential for Skyharbour Resources. We will discuss how the Biden administration will impact the Uranium supply and demand fundamentals, in particular in the United States. We will address uranium spot and contract prices. Also we will discuss the 80% Earn-In Option exercised by Valor Resources on the North Falcon Point Uranium Project. Mr. Trimble will also highlight the recent drill program success on the flagship Moore Project. If you like ‘Clean Energy’ this is a must-watch interview, as Skyharbour Resources is one of the few uranium stocks implementing exploration along with project generation for upside potential.

For investor questions please call: Simon Dyakowski or Jordan Trimble
Telephone: 604-639-3855 or 604-639-3856
Toll-Free: 1-800-567-8181
Email: info@skyharbourltd.com

Categories
Precious Metals

REPO Madness Unfolding Before Your Eyes


Musing

David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.

Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or email maurice@milesfranklin.com


Categories
Junior Mining

TriStar Gold Closes Oversubscribed Brokered Private Placement


Press Release

Tristar Gold

(TSX.V: TSG | OTCQB:TSGZF)

Mr. Nick Appleyard, President and CEO stated, “This is an exciting time for TriStar. We are now well capitalized to complete the pre-feasibility study, as well as start our work plan with GoldSpot Discoveries to outline further exploration potential of the Castelo de Sonhos property.”

For Direct Inquiries on Tristar Gold:

Telephone: +1-480-794-1244

Email: info@tristargold.com


Categories
Base Metals Energy Junior Mining

Granite Creek Copper Completes 2019 Field Exploration Program at the Stu Copper-Gold Project in Yukon Territory, Canada


Press Release

Granite Creek Copper

(TSX.V: GCX)

Granite Creek President & CEO, Tim Johnson, commented: “Since the launch of Granite Creek Copper in January 2019, the dynamics in the Minto Copper belt have improved considerably. Pembridge Resources restarted operations at the nearby Minto mine in October and already have copper concentrate shipments underway. We are very pleased to be working within this active district and taking a prominent role in the development of copper and precious metal resources. After graduating from the NEX board in January this year, Granite Creek has acquired an extensive private exploration database, strengthened our team with the creation of a technical advisory board, completed an initial field program, and acquired a 30% interest in neighbouring Copper North Mining. We see favourable fundamentals for copper and gold continuing to build into 2020 and beyond. We look forward to providing investors with additional updates about our Stu project, and developments in the broader Minto Copper belt as a whole, over the next few weeks and months.”

Contact Granite Creek Copper:
Phone : 604-235-1982

Email: info@gcxcopper.com


Categories
Junior Mining

Prime Mining Reports up to 34.5 Metres at 4.2 gpt Gold with Potential to Increase Resource at Los Reyes


Press Release

PRIME MINING

(TSX.V: PRYM)

COO Greg Liller notes, “The assay results to date are quite encouraging. The technical work is being advanced to complete the sampling program and integrate the results into the current resource model. Since Los Reyes is already a relatively high grade, open-pit minable resource, we are pleased to see high grade numbers in outcrops at surface.”

www.primeminingcorp.ca

For direct inquiries, contact Jeremy Ross at 604-428-6128.

Jeremy@PrimeMiningCorp.ca


Categories
Precious Metals

Platinum In Neuromodulation Devices


Click here

The World Platinum Investment Council is an excellent source to understand the value proposition of Platinum. To gain a more comprehensive understanding on platinum industrial uses we encourage you to click below. Based on our research, relative to one another platinum along with silver are on fire sale compared to gold, palladium, and rhodium.  

Before you make your next precious metals purchase contact me at maurice@milesfranklin.com or call 855.505.1900.


Categories
Precious Metals

There is No Other Way Out of This…None Whatsoever


Musing

David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.

Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or email maurice@milesfranklin.com


Categories
Junior Mining

Lion One Announces Completion of $11.5 Million Brokered Private Placement of Units


Press Release

Lion One Metals 

(TSX.V: LIO | OTCQX: LOMLF)

Walter Berukoff, Lion One’s Chief Executive Officer, stated “The Company is very pleased with the outcome of the Private Placement, including the exercise in full of the Agents’ over-allotment option.  The Company is now well capitalized to continue our exploration work on the Navilawa alkaline gold system to expand the Tuvatu project while simultaneously advancing development planning for the Tuvatu project.   With drilling ongoing and strong support from the capital markets Lion One is positioned for further success in 2020.”

LION ONE METALS

T: 604.998.1250
E: info@liononemetals.com