Category Archives: Precious Metals Investing

Jack Chan’s Weekly Gold and Silver Update: Trends Are Up

Source: Jack Chan for The Gold Report   04/22/2017

Technical analyst Jack Chan charts upward trends in the precious metals markets.

Our proprietary cycle indicator is up.

chanhui14-22
The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for the long term.

chanhui24-22
The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.

chanhui34-22
The trend is up on gold stocks.

chanspdr4-22
The trend is up in gold.

chanslvtrend
The trend is up in silver.

chansilver4-22
Silver is on a long-term buy signal.

chanslv4-22
SLV is on a short-term sell signal, and short-term signals can last for days to weeks, more suitable for traders.

Summary
The precious metals sector is on a major buy signal. The cycle is up. The trends are up. The multimonth correction is complete; I am looking for overall higher prices.

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We also provide coverage to the major indexes and oil sector.
3) 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.

Charts courtesy of Jack Chan

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17408

Dark Star Shining Brightly for Gold Standard Ventures in Nevada

Source: The Gold Report   04/20/2017

Exploration company Gold Standard Ventures has reported multiple results from its Dark Star prospect at its 100%-owned Railroad-Pinon project over the past week and a half.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) has had a busy week with the agreement to acquire Battle Mountain Gold and the release of multiple results from its Railroad-Pinon project.

In an April 10 press release, Gold Standard Ventures reported the Dark Star prospect oxide zone had +88% cyanide soluble recoveries. The results “confirm the consistently oxidized nature of gold mineralization within the Main Dark Star and North Dark Star gold zones.” Gold Standard Venture’s metallurgical consultant Gary Simmons will now “proceed with the definition of composites for bottle roll and column leach tests.”

ROTH Capital Partners, PI Financial and Gold Speculator released positive reviews of the Dark Star results.

ROTH Capital analyst Joe Reagor explained in an April 12 note that a combined PEA on Pinon and Dark Star deposits is probably next after the “well above our modeling assumption of an average recovery rate of 82% cyanide soluble” was reported. “We believe our estimates could prove conservative when GSV provides initial project economics. As a result of the strong recovery data for Dark Star, we are increasing our price target from $3.10 to $3.25. . .reiterating our buy rating,” Reagor concluded.

Brian Szeto with PI Financial, in an April 12 Corporate Update, reviewed the Dark Star results as a positive, pointing out that “the project can be mined via an open-pit heap-leach scenario which is a very low capital intensive and proven mining flow sheet.” Szeto maintains a buy rating and a target price of $3.70.

Gold Speculator’s Byron King highlighted on April 11 that Gold Standard Ventures is “cashed up, with a solid drilling program set to kick off when the weather breaks. Plus, there’s upside here as gold prices recover and move back onto an ascending pathway. Maintain buy on GSV, up to $3.25 per share.”

One week later, in an April 18 press release, Gold Standard Ventures announced positive results from a check assay program for the North and Main Dark Start deposits. “The ALS results increase the gold grades of several significant, previously released North and Main Dark Star drill hole intercepts by 2 to 5%.”

Jonathan Awde, CEO of Gold Standard, stated, “This thorough check assay program is an important step towards preparing a new resource estimate for the Dark Star area which will include the most recent drilling at Main Dark Star and North Dark Star. Our drilling last year established that these two deposits connect and we therefore expect the new resource estimate will report a total for greater Dark Star. At the same time, we are proceeding with more advanced metallurgical testing following last week’s positive announcement on the cyanide solubility of Dark Star oxide gold mineralization.”

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) Gold Standard Ventures Corp. is a billboard sponsor of Streetwise Reports. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
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 one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: GSV:TSX.V; GSV:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17407

Red Eagle Declares Commercial Production at San Ramon

Source: The Gold Report   04/20/2017

Commercial production was declared at Red Eagle Resources’ San Ramon mine in Colombia, nearly five months after announcing the first gold pour in November.

On April 10, Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL) announced that it declared commercial production at its San Ramon mine in Antioquia, Colombia, on March 31. The company reported that “the processing facility has reached a steady operating throughput capability and underground mining is progressing at an increasing rate with the opening up of additional ore development headings.”

The company is advancing the decline at the rate of up to 27 meters a day, an increase from an earlier rate of 3 meters a day when the decline was going through less-stable oxidized rock. The decline is now 2.4 kilometers long.

Gwen Preston of Resource Maven noted on April 12 that “the mine and mill are regularly achieving design rates, something that takes a lot more engineering, ingenuity, and dedication that most might realize.”

Preston observed that a “few ground conditions concerns have arisen, enough to slow mining and prompt a switch to mechanized cut and fill instead of long hole stoping. That’s not ideal from a speed and cost perspective, which is why Red Eagle is forecasting 35,000 to 40,000 oz. gold this year, down from earlier expectations. . .the company expects to ramp up the pace and produce the targeted 70,000 oz. in 2018.”

“At this point Red Eagle thinks San Ramon will be cash flow positive in the second quarter. One of the main reasons I invested in this mine is because of its cost structure: San Ramon is supposed to be able to produce an ounce of gold at an all-in sustaining cost of just US$671. That is the other key metric to watch,” wrote Preston.

Preston concluded that she remains “very interested in San Ramon’s potential to produce cash and Red Eagle’s ability to find more gold right around the mine.”

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Red Eagle Mining Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
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 one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: R:TSX; RDEMF:OTCQX; R:BVL,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17405

Global Yields Worth Holding

Source: Adrian Day for The Gold Report   04/19/2017

Money manager Adrian Day reviews some of the companies in his portfolio, including some global companies with yields up to 7.5%.

Loews Corp. (L:NYSE, 46.09) has finally made a long-awaited new acquisition, spending $1.2 billion of its $5 billion cash hoard to buy Consolidated Container Company, a plastic packaging manufacturer. If not exactly exciting, the company meets Loews’ acquisition criteria as set out by CEO James Tisch: it is in a fragmented industry offering opportunities for further acquisitions, it has strong cash flows and is unlikely to be subject to major technological disruption. The acquisition also diversifies Loews’ portfolio into a relatively stable area to help offset the volatile oil and gas sectors.

Loews, trading at a 14% discount to its Net Asset Value, with upside potential from its oil and gas as well as more steady cash flows from its hotels and insurance units, and a still rock-solid balance sheet, remains a long-term holding. Given the discount is well below historical average, we would look for a wider NAV discount to step up buying.

High yields from around the world
Hutchison Port Holdings Trust (HPHT:Singapore), US$0.40) reported a 15% decline in profits on a 6% decline in throughput for 2016, in line with expectations. But the company lowered dividend guidance for this year, for an implied yield of 7.5%.

The trust is under pressure from macro issues, including shipping alliance rationalization leading to pricing pressures, sluggish global trade and pressures on the Hong Kong port, as well as the trust’s debt repayment plans.

However, given the outlook for steady revenues and dividends over the next few years as well as upside potential if global trade recovers, we are holding for a likely bottom-of-the-cycle 7.5% yield. We would add on improved prospects or lower stock price.

Disappointing earnings, but perhaps a turn ahead
Kingsmen Creatives Ltd. (5MZ:SI), 0.595) had a difficult 40th year in the face of a soft retail environment and much lower revenue from the volatile exhibitions and museums sector. Overall, though revenues were up slightly, profits fell 9% in 2016, with depreciation (on its office building purchase) up significantly. The dividend was reduced from last year, to a current 4.2%.

Kingsmen is a well-run, growing company with a strong balance sheet. The market is turning, we believe, so we may see the dividend start to grow again this year. We are holding, and buying on stock price weakness.

Moderate growth, but solid dividend
Nestle SA (NESN:VX; NSRGY:OTC), 75.90) reported disappointing 2016 results, with organic growth of 3.2%, well below the company’s own target of 5–6% annual growth. Low global growth, low inflation, strong competition and volatile currencies were all cited as headwinds on results. It is now abandoning that target, which it has missed for the last four years. It is worth noting, however, that the growth Nestle has achieved is meaningfully above that of comparables, such as Unilever, Kraft, and Proctor and Gamble.

A new CEO, Mark Schneider, appointed in January, is the first CEO from outside the company in nearly 100 years. He formerly headed a German healthcare company. In addition to abandoning the organic growth target, Schneider said his emphasis in the period ahead would be on cost savings, and that the company was not looking for any major acquisitions, this despite a strong balance sheet (including a $25 billion sake in L’Oreal which could be sold).

We are holding, partly for the good dividend, a tad over 3% currently. Nestle has increased its annual dividend every year since the mid-1990s, and hasn’t cut the dividends all the way back to the 1950s. We’ll be buyers again on a pullback.

When it rains, it pours for Freeport
Freeport-McMoRan Inc. (FCX:NYSE), 12.48) has had a tumultuous period since our last review. Having finally got the balance sheet under control—with a further $5.2 billion in sales in the 4th quarter—along come a strike at Peru’s largest copper mine (now settled), plus another strike and labor protests at Grasberg in Indonesia, as well as a dispute with the government. The government is attempting to renege on the long-term contract it has with Freeport, forcing it to sell a majority stake to locals; requiring it to build an uneconomic smelter; and changing other terms of the contract. The dispute led to the suspension of sales and then of mining for a period.

Grasberg was the foundation of the company and remains a major asset, representing about 25% of the company’s copper revenue (and another 10% of revenue in gold sales). However, in a long-standing agreement with Rio, that company receives 40% of all revenue starting in 2021. (Currently, it receives 40% above certain benchmarks.) Rio has already said publicly that it is reconsidering whether it wants to remain in the joint venture; “There is a difference between a world-class resource and a world-class business,” the CEO said.

Of course, both companies have already spent the many billions of capital to develop the mine, which it did on the basis of a contract with the government. For the government to arbitrarily change this and take a larger amount would push Freeport to seek arbitration and compensation in an international arena. Freeport estimates it has contributed around $60 billion to the country’s GDP since the early 1990s; it is the largest private employer in Papua New Guinea, and one of the country’s largest taxpayers.

It’s been an ever-developing saga, well covered in the financial press. Freeport has been extremely patient with the government, negotiating to meet half way, agreeing to build the (unnecessary and expensive) smelter and so forth. When it went public, it was clearly exasperated.

Given the uncertainty in Indonesia, we will look for sell-offs to add to positions, but are holding now, close to the low since last October.

More drilling…and more shares
Cartier Resources Inc. (ECR:TSX.V), 0.255) is drilling on four properties following a strategic investment in the company by Agnico Eagle Mines Ltd., which holds 19.75% of the shares. Despite the injection of funds from Agnico (in December), however, the company has undertaken yet another financing amounting to another 10% dilution. Hold.

Adrian Day, London-born and a graduate of the London School of Economics, heads the money management firm Adrian Day Asset Management, where he manages discretionary accounts in both global and resource areas. Day is also sub-adviser to the EuroPacific Gold Fund (EPGFX). His latest book is “Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks.”

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Adrian Day: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Nestle. 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. Funds controlled by Adrian Day Asset Management hold shares of the following companies mentioned in this article: Loews, Hutchison Port Holdings Trust, Kingsmen Creatives, Nestle, Freeport-McMoRan and Cartier Resources. 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 sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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.
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 one week after the publication of the interview or article.

( Companies Mentioned: ECR:TSX.V,
FCX:NYSE,
HPHT:Singapore,
5MZ:SI,
L:NYSE,
NESN:VX; NSRGY:OTC,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17402

The Letter I Wrote George Soros About Gold

Source: Lior Gantz for The Gold Report   04/17/2017

Gold is breaking out due to geopolitical concerns and continued conditions of negative real interest rates, says Lior Gantz, editor of Wealth Research Group.

On technical aspects, gold is at a five-month high and surged above its 200-day moving average for the first time since November 2016.

For four months, we’ve been researching some of the most advanced strategies to own gold, as we want to store wealth, but also grow it.

This led us to a provocative idea of finding a pure money holder.

When we realized that such a company exists, we took a position ourselves and drafted this letter to legendary speculator George Soros.

We wrote to him:

Mr. Soros,

Your guys ought to set up a meeting with this CEO.

You’ll get a schooling in the proper way to advance a junior mining company, and your people might learn that the new generation of resource entrepreneurs are actually value investors and genuine business builders, like yourself.

Studying 40 years of your investment history, we saw that your Quantum fund achieved its best results during the 1970s, when gold was breaking out, the Fed was raising rates, and real inflation was negative to zero.

Since this is much like today’s economic condition, it would be to your benefit to keep an open mind and sink your teeth into this deal.

Here are our bullet points for you:

1. This CEO also heads one of the only companies in the U.S. that produce a key energy source. He has made shareholders 500%, 600%, 700% and 1,000% on numerous occasions.

2. We already know you’re a master gold speculator and seasoned sentiment trader.

Know that this stock is an ideal vehicle for gold investors—it outperformed gold bullion by a factor of 31:1 between 2015 and 2016. While gold rose 24%, shares gained 748%.

It also outperformed all gold ETFs and baskets of juniors and majors (red line).

Gold chart

In fact, it was among the top five performers on the TSX Venture Exchange in 2016.

3. Business model: We know you invest in sophisticated businesses that have simple models and easy to understand profit structures. This company is a “mineral hoarder.” We’ve put together all the highlights on this business model for you HERE!

Respectfully,

Wealth Research Group

This speculation is world-class. It’s solid enough to intrigue the likes of billionaire George Soros, and I have no doubt you should be sinking your teeth into this stock today.

The timing couldn’t be better. They just announced a gold acquisition, are fully cashed up, and the shares trade for less today than what Vancouver’s top institutional investors financed it for just six months ago!

Here are the FULL details.

Lior Gantz, an editor of Wealth Research Group, has built and runs numerous successful businesses and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. He is an advocate of meticulous risk management, balanced asset allocation and proper position sizing. As a deep-value investor, Gantz loves researching businesses that are off the radar and completely unknown to most financial publications.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosures:
1) Lior Gantz: I, or members of my immediate household or family, own shares of the following companies referred to in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies referred to in this article: None. My company has a financial relationship with the following companies referred to in this article: GoldMining Inc. has a marketing agreement with Gold Standard Media. 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 sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
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 one week after the publication of the interview or article.

Charts courtesy of the author

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17400

Jack Chan’s Weekly Gold and Silver Update: The Correction Is Over

Source: Jack Chan for The Gold Report   04/15/2017

Technical analyst Jack Chan charts the completion of the gold market’s long correction.

Our proprietary cycle indicator is now up.

chanhui14-15
The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.

chanhui24-15
The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.

chanhui34-15
A breakout is confirmed this week, suggesting that the multimonth correction since last summer is now complete.

changold4-15
Speculative sentiment, according to current open interests, is supportive for overall higher prices.

chansilver4-15
Silver is on a long-term buy signal.

chanslv4-15
SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders.

chansilver24-15
Speculative sentiment, according to open interests, is supportive for overall higher prices.

Summary
The precious metals sector is on major buy signal. The cycle is up. The multimonth correction is complete; looking for overall higher prices.

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We also provide coverage to the major indexes and oil sector.
3) 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.

Charts courtesy of Jack Chan

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17397

Golden Arrow and Silver Standard Join Forces in Argentina

Source: The Gold Report   04/13/2017

Stars aligned for Golden Arrow when Chinchillas was ready to move to production and the company only had to look 18 miles down the road to Silver Standard’s Pirquitas mine and its established production facility.

On March 31, Golden Arrow Resources Corp. (GRG:TSX.V; GAC:FSE; GARWF:OTCQB) and Silver Standard Resources Inc. (SSO:TSX; SSRI:NASDAQ) announced they would be forming a 75%-25% joint venture that will combine the Chinchillas project and the Pirquitas mine. In the announcement, Golden Arrow highlighted that the agreement provides:

  • Golden Arrow an opportunity to fast-track development of the Chinchillas property, in a capital efficient manner, through use of the existing production facilities at the Pirquitas Mine and establishment of common infrastructure.

  • Near-term production from Chinchillas based on construction beginning in the third quarter of 2017, followed by ore delivery to the mill in the second half of 2018.
  • Option exercise payment by Silver Standard to Golden Arrow of 25% of Pirquitas mine earnings less certain expenditures incurred since October 1, 2015 until closing, currently estimated at approximately US$15 million, payable on closing, which is expected on or before May 30, 2017.

Golden Arrow Executive Chairman, President and CEO Joseph Grosso stated, “This is a landmark achievement for our Company. As Golden Arrow transitions an exploration discovery into a mining operation, our shareholders stand to benefit from this profile and strengthened financial position.” In an April 12 webcast, Grosso describes the circumstances leading to Golden Arrow and Silver Standard joining forces.

In Silver Standard’s March 31 announcement, Paul Benson, president and CEO of Silver Standard, said, “Forming the joint venture is an excellent result due to the outstanding cooperation by our partner Golden Arrow, the Argentine government and many within Silver Standard.”

Byron King, in the April 11 issue of Gold Speculator, highlighted that he had added Golden Arrow’s stock to his own portfolio because of the agreement with Silver Standard. King noted that in addition to Chinchillas, “Golden Arrow holds a variety of precious metal ore deposits in Argentina. Overall, there are several different pathways to development. Golden Arrow offers significant upside in a rising environment for gold-silver. . .maintain buy and up to US$0.85/CA$1.14 per share.”

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
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from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17392