Weekend Show – Marc Chandler & Joe Mazumdar – Inflation Data And Market Recap, Critical Minerals Investment Thesis Changing
Welcome to The KE Report Weekend Show! This week gold, silver and the stocks rebound to end the week strongly. US markets were also up with the S&P at all time highs. The US Dollar was flat and the 10 year was slightly up. The main data out of the US was inflation data (CPI and PPI).
On the first half of this weekend’s show we recap the inflation data, China’s monetary policies and market moves. On the back half of the show we discuss the investment climate for critical minerals equities and silver plays in Mexico.
I hope all you Canadians have a very happy Thanksgiving and everyone in the U.S. a good Columbus Day!
- Segment 1 and 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market – Economic data recap (Inflation), the broader impacts of China’s economic strategies on global markets, the continued strength of U.S. markets.
- Segment 3 and 4 – Joe Mazumdar, Editor of Exploration Insights – Key points include the moderated excitement around critical minerals, challenges for the EV market, China’s role in critical minerals processing, and copper’s significance in electrification despite supply challenges. He also examines recent M&A activity in the silver sector and the impact of Mexico’s political landscape on mining investments.
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Click here to visit the Exploration Insights website to follow along with Joe.
Hi Ex, I just read your article on the coming boom in copper. It will be interesting to hear what your picks are for developers and exploration stocks, since the producers have left the gate. I still believe that someday Northern Dynasty’s Pebble Project will get the green light. They have 53 billion LBS. of copper in the measured and Indicated category and another 22 billion in inferred. That is too massive to ignore. I’m sure these days with our technology that the salmon problem can be solved but it will take a change in Administration and a change in the EPA, but necessity can affect a lot of alternatives. DT
Hi there DT. Yes, I’ll be putting out an article soon on Substack highlighting 5 solid copper juniors that we’ve interviewed somewhat recently here on the KER.
As for Pebble, I don’t know if it will ever get built. It’s been recycled as a go story more times than I care to remember over the last dozen years, and thus far has been unable to get the permits necessary due to a number of challenges from activist groups, lobbyist groups, indigenous groups, and some folks inside of government departments. I remember when Trump was elected, some got optimistic that he’d lift the red tape around the development of Pebble, but it was declined again several times during his administration, so again, it’s been a constantly stalled project for a long time now.
We do need a lot more copper supply to come online in the years to come, so I’m trying to focus on some of the medium to large deposits in jurisdictions where it looks like they can get the permits to move forward with a capital raise and construction decision at one point, where a major will see the right combination of factors to eventually acquire and build the project. There are about a dozen or so good projects out there held by juniors, but with one less now the Filo was just acquired by BHP and Lundin Mining.
https://www.fibonomics.com/2024/06/saturation-what-is-it.html
Saturation : What Is It? : Updated For Clarity!
irishtony
7 hours ago
Spare two minutes….. And Watch.
Silvercrest will look back on this Coeur deal and say to themselves , why did we jump at an insignificant offer when Chris Ritchie himself said on occasion to rebuild Silvercrest in todays terms may be double what Silvercrest spent as well as extended time to bring the buildout to fruition. $32 in Bullion should have have gone to existing shareholders and/or buyout should have been 2-2.5 shares of Coeur. Bitterly Disappointed.
I don’t blame you Marty, I would feel the same way. DT
Yeah, I agree Marty, and was underwhelmed with the takeover premium, or even that Silvercrest was being taken over at this point in the cycle. I thought eventually they’d be the ones taking over another company, but don’t like them being taken off the game board at all. I liked that they were stacking silver and gold bullion on their balance sheet and felt that was a good model for other companies to adapt. Now I’m not sure which company will lead that charge, which is disappointing.
As a Coeur shareholder already, I was happy for them to pick up such a prize in Las Chispas, and a company that had no debt and cash/bullion on the balance sheet, to help with the debt load at Couer.
However, I’m reducing down my CDE exposure, to just let my SILV convert over to, capturing the full takeover premium and then replenishing my Coeur position through the converted shares post merger.
https://www.tradingview.com/x/EGET0kE9/
DOLLAR : Ongoing Strength.
Happy Canadian Thanksgiving Day!
Interesting: The OTC has the spread on Magna Mining at Bid: .85 Ask: 1.15. Must be the OTC lives in Canada.
Copper Sector Update – The Good Doctor Is Just Taking A Breather At The Dance
Excelsior Prosperity w/ Shad Marquitz 10-12-2024
Copper, COPX, COPJ, Filo Corp
https://excelsiorprosperity.substack.com/p/copper-sector-update-the-good-doctor