China’s Demand For Resources and A Company The Jayant Thinks Has Some Near Term Upside
Cory
April 10, 2019
Jayant Bhandari joins me today to share some details on a recent trip he had to Hong Kong. He thinks that China is doing much better than some of the recent data and commentary has been outlining. This will all lead to at the very least stable demand for a wide range of resources.
We also discuss Ascot Resources. Jayant thinks the recent selling after the closing of the IDM Mining acquisition has put some selling pressure on the stock which could provide a near term upside opportunity.
Please email me with your thoughts on Ascot Resources or any other other companies you want us to take a look at – Fleck@kereport.com.
Discussion
2 Comments
Apr 10, 2019 10:24 AM
Apr 10, 2019 10:22 PM
Ascot, one of the ugliest charts SINCE 2016, currently at .57US, MAYBE worthy of a stink bid @ .50 US
BS>>>.on the Comex…….
From jsmineset………..
April Silver’s delivery demands fell by one contract during yesterday’s trade. I watched the sale occur, priced at 15.26 (a buyer and seller agreed), yet Comex closed the April Contract at 15.168, a fake settling price at the exchange. This was a single contract traded, yet they are able to game the price lower offering 2 prices, one the real buy, the other, a fake settling price (not a traded price). This is when they use the back month’s trades to “calculate” the deliveries settling prices, in our opinion, it should be the other way around. As far as this morning totals, we show the Open Interest in April Deliveries of Silver at 16 contracts with a Volume of 4 up on the board so far today. Silver’s Overall Open Interest continues to climb higher and higher with the count now at 208,990 Overnighters. A gain of 2,145 Obligations added in order to stay the price bringing us, once again, closer to the life of contract highs in OI at the same time Silver is way below the average production costs.