By ForexTime 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Source: Michael Ballanger  (2/20/23)

 Michael Ballanger of GGM Advisory Inc. reviews the energy market and metals associated with the “electrification movement.”

Rather than complain about it, I am reminded of an anecdote relayed to a group of us by veteran Wall Street Week Elf Julius Westheimer while we were attending the annual Securities Industry Associations (“SIA”) conference in which industry professionals conduct classes in various sectors of the securities industry.

It is very “blueblood” as it is held at the prestigious “Wharton School of Finance” in Philadelphia and they really milk that because when you leave, they present you with a graduation certificate (a “shingle”) that looks like a real Wharton certificate such that when you hang it on your wall, everybody figures you earned a post-graduate degree from Wharton, which you did not. Three weeks over three years at the SIA is nothing like six semesters at the Wharton.

The old Wall Street Week show came on every Friday night around 7:00 p.m. and in the late 70s, it was really the only TV news show that covered stocks and bonds. It aired on public TV in Maryland but was widely syndicated across North America and I believe Europe and was a “must watch” for any young broker trying to learn the trade.

It was on Wall Street Week on October 16, 1987, that the legendary money manager and author Martin Zweig told the host that he actually expected a market crash. The following Monday was the infamous Crash of ’87 where the Dow lost 23.7% in a single trading day.

While most of the Wall Street Week elves were either analysts or fund managers, they used Mr. Westheimer as their “token stock salesman”  as his area of specialization was managing retail customers. One of the crowd asked him how he could grow his book (increase the number of clients) and then peppered Julius with a bunch of the books he had read and courses he had taken at which point Julius held up his hand in a gesture of “Enough, already!” and proceeded to tell us all a story which describes not only the retail space in 1979 but also the systemic modus operandi of Wall Street since the first began shuffling paper on a New York curb in the 1800s.

“One day, I was walking to work at Broad and Wall Streets when I noticed a chap trying to sell these yellow umbrellas out of a hand cart but each time a prospective buyer picked one up and examined it, they frowned and put it back. Now, across the street, another chap was selling the same brand of umbrella but they were blue umbrellas and these umbrellas were flying out of his cart so fast that his young son and to keep running back to their apartment for more inventory. The poor guy in the yellow umbrella cart sitting there with no customers flagged me down and ask me what I thought he could do to improve his sales. I said, “Go around the corner to O’Reilly Hardware and pick up a can of blue spray paint.” Because, ya see, down here we only sell what people want to buy.”

Now, the purists that view precious metals with an almost religious affection would never dream of dumping their stacks for something as abhorrent as copper or lithium or uranium because they think that yellow umbrellas are just as useful as blue umbrellas but where they would be in error is that Marketing 101 says you always need to know what one’s customer wants before embarking on a marketing program.

When you go down the “Most Actives” list for the TSX and TSX Venture exchanges these days, you do not find “Gunner Gold,” “Streaker Silver,” “Pugnacious Platinum” or “Parlay Palladium.”

You find the word “battery” or “lithium” in the names of those corporate issuers dominating the list of “Most Actives,” “Biggest Percentage Gainers” and “Volume Leaders.”

In 2020, my list of juniors was all gold and silver with one token uranium name. By 2023, the list is comprised of eight names with only one pure gold developer (Getchell Gold Corp.) a couple of silver names (that have copper and gold exposure) with the rest exclusively copper and lithium, with Volt Lithium Corp. the most recent addition.

I read the results of a poll of trader/investor types last week that asked participants to list the five most important metals in which they wished to invest. At the top by the widest of margins was lithium while at the nadir was silver. I should add that silver is also the least-trusted of all the metals with gold a close second.

With copper, uranium, nickel, and cobalt all lined up behind lithium as the favorites, it should come as no surprise because the new generation of investors/traders invests in thematic “story” stocks. They also invest as a collective thanks largely to their obsession with social media.

The popularity of these sub-sectors can be broken down into one word: “electrification.” Integral to the replacement of fossil fuels by electricity are three prerequisites:

• New clean and 100% reliable sources of electricity are going to be needed. The only fuel that can deliver is uranium. Nuclear energy will be the source of the trillions of new megawatts required to complete the transition.
• With the new supply of electricity being pumped into an antiquated grid, massive increases in the supply of those metals that transmit electricity are going to be required and the metal that has been the most commonly used is copper.
• Once the new source of electricity provided by nuclear energy has been transmitted by the greatly-fortified copper wiring to households, businesses and vehicles, the need for storage particularly in the EV space is going to require lithium (lithium-ion batteries) along with nickel and cobalt.

Enhanced generation, increased transmission infrastructure, and storage capacity are going to demand huge increases in supply. Over the past five decades, the sector that has discovered the lion’s share of the new mineral deposits around the globe are the juniors which then get absorbed by the multinationals with help from their deep-pocketed investment bank pals.

Therein lies the opportunity for investors as we look out through the rest of the “Boring Twenties.” The younger generation of stock buyers could care less about “profligate government spending” or “currency debasement” that would require they use gold and silver as protection. They represent the “yellow umbrellas” of the day for these youngsters and since liquidity is critical for institutional participation, you will never get the volumes required in yellow umbrellas to create the excitement that the “electrification metals” (including nuclear fuel) can generate.

Of course, over time, this all can change as trends are always cyclical and people’s attitudes and preferences will ebb and flow depending on the impact of the “Narrative of the Day.”

For now, however, I just want to find opportunities that will make money. Unfortunately, we cannot take a silver explorer and turn it into a copper or lithium explorer with a can of blue spray paint. Julius Westheimer taught me to avoid the habit of offering products that the investing public simply does not want so I will heed his advice and instead seek out exploration and development plays that focus on the generation, transmission, and storage of electricity while keeping large barbell positions in gold and silver as hedges.

It was the last week of September when I executed my own personal “pivot” jumping off the bear bandwagon and into the neutral camp after the Bank of England decided to buy $5 billion worth of gilts. A couple of weeks later, I went from neutral to bullish but technically, I was about two weeks early in my “bottom” call as the 3,600 S&P level in late September gave way to the October 13^th low at 3,491.

In a similar fashion, I went from bull to neutral on February 8^th and then full bearish this week having put on a small put option position in the SPY:US. I did so because I got two sell signals within a week of each other with the major one being the bearish MACD crossover. It took Thursday’s 43-point drubbing to convincingly send the MACD into “sell” mode so just as I was a tad early back in September, I was again early in getting short. There is a line in the sand at the 4,050 level for the S&P but if it closes below that, I see 3,900 (100-dma) then the December low at 3,764.

Michael Ballanger 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.

Disclosures:

1) Michael J. Ballanger: I, or members of my immediate household or family, own securities 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: My company, Bonaventure Explorations Ltd., has a consulting relationship with: None.

2) The following companies mentioned in this article 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: None. 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. 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 decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Source: Michael Ballanger  (2/6/23)

Michael Ballanger of GGM Advisory Inc. reviews updates within the metals and energy sectors, focusing on some key companies he believes you should take a look at.

We also got a golden cross with the 50-DMA moving above the 200-DMA last month, putting all the technical conditions on buy signals until Wednesday, when we got a bearish MACD crossover constituting a short-term sell signal. As a result, we now have a large gap in the chart between US$175 and US$178 that will get filled in probably sometime next week into a rally.

RSI has moved a massive 25 points in two trading sessions, moving from over 70 (overbought) to under 45, placing it firmly in neutral now, and if we get further weakness early next week, GLD could actually be approaching oversold status in what is surely one of the quickest overbought-oversold transitions in history which – AGAIN — reeks of shenanigans.

Flipping over to spot gold, I maintain my price objective at US$2,250-2,350 in 2023, with the HUI dancing through 350 by year-end. The reasons I own gold and silver do not include a phony interpretation of employment data conjured up and delivered by ambitious bureaucrats with highly-politicized agendas. US$1,850 spot gold or US$170-171 on the GLD:US and I back up the Ram.

Lithium

Up until a few years ago, I had never come across any resource opportunity that involved the exploration for or development and/or production of lithium. However, given the heat behind the lithium juniors back in 2018, I felt obliged to attempt to bring myself up-to-speed on that market but since its pricing structure was thoroughly dominated by China, I elected to give it a pass.

Then a few weeks back, I was discussing the state of the junior resource market with an Australian colleague who proceeded to show me the chart patterns of several West Australia junior lithium plays, at which point I nearly fell over.

One of them, Patriot Battery Metals Inc. (PMET:CA) traded at CA$0.21 in late-2021, which I thought deserved mention in last week’s weekly missive as it closed over CA$10 per share.

Then with the weekend news that General Motors was investing US$650 million into Lithium Americas Corp. (LAC:TSX; LAC:NYSE) to assist in the development of the Nevada-based Thacker Pass lithium deposit, every lithium stock on the board went into full liftoff mode with PMET closing up another 60% for the week.

Accordingly, without delay, I launched into a crash course on lithium, ever fearful that I was tempting fate by charging into a market already well-exploited by stock jockeys from Perth, Australia, to Spokane, Washington. What I discovered was a commodity that was on the verge of a massive shortage situation, and despite the 20% correction in lithium prices since last November, demand for the lithium-ion batteries used in every electric vehicle currently in production is going parabolic but with new supply still a few years out.

Lithium carbonate prices in China fell to CNY 472,500 per tonne in February, the lowest since June 2022 and over 20% down since their all-time high of CNY 600,000 in November, as stronger supply and expectations of lower demand drove industry players to bet on a market surplus this year. Added capacity pushed Chinese domestic production to soar by 89% year-on-year in December and by 32.5% in the whole of 2022 despite output cuts in lake-based smelters.

Additionally, top producer Australia projected global output of lithium carbonate equivalent to reach 915,000 tonnes in 2023, a 32% rise from 2022’s estimate. Meanwhile, electric vehicle sales in China are set to decline sharply after the world’s leading consumer stopped subsidies in the sector.

Lithium and its compounds have several industrial applications, including heat-resistant glass and ceramics, lithium grease lubricants, flux additives for iron, steel, and aluminum production, lithium metal batteries, and lithium-ion batteries. These uses consume more than three-quarters of lithium production.

From the Wikipedia textbook: “Because of its relative nuclear instability, lithium is less common in the solar system than 25 of the first 32 chemical elements even though its nuclei are very light: it is an exception to the trend that heavier nuclei are less common.” What that implies is that there is not a great deal of naturally-occurring lithium in nature, so it would stand to reason that dependable resources of lithium concentrate will be in high demand, thus giving junior developers a first-mover advantage if they have had the vision to lock down said resources.

To be sure that I was going to avoid the agony of “Bag Holder Blues,” an affliction suffered by “Last Minute Louie’s” that enter a hot market at or near the top, I did some digging and discovered that not only has Bank of America placed Sigma Lithium Corp. (SGML:TSXV;SGML:US) on its list of “50 Stocks for 10 Scarcity Themes”, a group of automobile manufacturers including BMW, Daimler-Benz, and Volkswagen have entered into an agreement with Chilean-based “Responsible Lithium Partnership” group with a view to developing the Salar de Atacama salt flat. There are two distinct takeaways from this information.

• Large, multi-billion dollar companies with global presences are investing in lithium projects on both the industrial-usage level and the investment banking level, and
• To have a TSX Venture exchange resource developer trading at CA$40 (SGML:TSXV) is uncanny, but it clearly illustrates the appetite for and opportunity surrounding junior lithium developers.

Two weeks ago, I mentioned Allied Copper Corp. (CPR:TSX.V; CPRRF:OTCQB), trading at CA$0.135 after their recent acquisition of Volt Lithium Corp. As the name change will go into effect next week, it was fitting that they announced the termination of the Klondike copper deal in Colorado as evidence that their working capital position is going to be dedicated to the Rainbow Lake Lithium project in Alberta.

The company is completing financing that has been upsized from CA$2m to CA$3m  in order to complete the construction of the pilot plant designed to test the economic viability of the process. Early testing confirmed a better-than-anticipated 93% recovery rate for the lithium carbonate, and it is expected to be duplicated after pilot plant completion.

CPR traded up to CA$0.30 to a new 52-week high on Wednesday before closing at CA0$.23 on a weekly volume of 1.88 million shares. Considering that the unit funding is being done at CA$0.20, the tape action has been nothing short of superb.

Once the deal closes, I see another big leg up as the post-financing market cap of US$22 million appears compelling relative to its peer group.

Michael Ballanger 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.

Disclosures:

1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: All. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, Bonaventure Explorations Ltd., has a consulting relationship with: None.

2) The following companies mentioned in this article 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: None. 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. 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 decision to publish an article until three business days after the publication of the 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 Allied Copper Corp. and Lithium Americas Corp., companies mentioned in this article.

“If you believe in Gold as a consumer price inflation hedge then…”

By Elliott Wave International

Back in the days of the Roman Empire, an ounce of gold could buy a Roman a well-made toga, belt and finely crafted sandals.

In modern day Rome, lo and behold, a businessman can become sharply dressed via the value of that same ounce of gold.

So, yes, gold has maintained its store of value over the centuries.

However, in the relative short term — which can last years — gold may not be the inflation hedge that gold bugs believe it to be.

In a moment, I’ll show you how this relates to what’s going on with gold and inflation now. However, let’s first get insights from a chart and commentary from our February 2022 Global Market Perspective, which published when inflation was really getting going (The monthly Global Market Perspective is an Elliott Wave International publication which covers 50-plus global financial markets):

The chart shows the U.S. dollar price of Gold versus the annualized rate-of-change in the U.S. Consumer Price Index (CPI). If you believe in Gold as a consumer price inflation hedge then, as the CPI is accelerating, the Gold price should be advancing. The green shaded areas show that there have been five occasions since 1980 when the opposite was true, the last year being a good example. On the other side, the Gold-Inflation myth would allude to the price of Gold declining as CPI was decelerating. The grey shaded areas show five occasions since 1970 when this was not the case, 2007 to 2010 being a prime example.

Fast forward to today and we have these headlines:

• US inflation eases grip on economy, falling for a 6th month (AP News, Jan. 23)
• Inflation in U.S. could turn negative by midyear, says [this] billionaire investor … (MarketWatch, Jan. 28)

What’s happened to the price of gold? It’s steadily climbed in the face of easing inflation. Of course, this is just the opposite of what was occurring around this time last year. In both cases, the price of gold went in the opposite direction from what many would expect.

On Sept. 28, gold was trading at $1613.75 and has been in an overall uptrend since. The precious metal traded as high as $1949.46 on Jan. 26 (as of this writing on Jan. 30).

The bottom-line takeaway is that the widespread expected relationship between gold and inflation is not always there — indeed, there have been several instances in the past several decades where the opposite is the case.

Know that Elliott wave analysis, which is by no means a crystal ball, can nonetheless help you anticipate gold’s next big price move.

If you’re unfamiliar with Elliott wave analysis, read Frost & Prechter’s Elliott Wave Principle: Key to Market Behavior. Here’s a quote from the book:

The Wave Principle is governed by man’s social nature, and since he has such a nature, its expression generates forms. As the forms are repetitive, they have predictive value.

Learn about these “forms” for free as a Club EWI member.

That’s right — you can gain free access to the entire online version of this Wall Street classic by joining Club EWI — the world’s largest Elliott wave educational community. A Club EWI membership is also free, and members enjoy complimentary access to a wealth of Elliott wave resources on investing and trading.

Get started right away by following this link: Elliott Wave Principle: Key to Market Behavior — get free and instant access.

By ForexTime 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Source: Michael Ballanger  (1/30/23) 

Michael Ballanger of GGM Advisory Inc. shares his thoughts on the S&P 500, the outlook of Gold and Silver, and specifically why he believes you should be interested in Norseman Silver Ltd. 

In my career, there have always been areas of the world where the risk premium is elevated either due to the absence of the Rule of Law, infrastructure deficiencies, or domestic politics. In recent years, populist movements around the globe have shifted the winds of foreign investment in many different directions and in some cases, surprisingly hostile from the most unexpected of countries.

Mexico was once the favorite playground for Canadian miners as it was part of the NAFTA accord, so the free trade statutes were always there to protect the foreign investor. That has now changed with the news that Fortuna Silver has had its San Jose mine in southern Oaxaca shuttered due to environmental concerns. Civil unrest and local community protests have shut down countless operations in Peru recently, and for Peru, where over 40% of national taxes are generated by miners, that is a striking development.

I have a dear friend from the U.S. Midwest whose uncles are all worldly entrepreneurs whose contacts monitor foreign investment flows as a means of practicing the “Follow the Money” school of due diligence. He tells me that there are absolutely massive investment dollars being channeled into three South American countries in the fourth quarter of 2022 and again in January of 2023, with Paraguay and Ecuador the two lesser recipients. However, the primary focus of these enormous capital investments is the one country least likely in the past to enjoy such good fortune — Argentina.

The reality is that when governments erect roadblocks to exploration and development, vast regions that contain potential district-scale mining camps fall into the category of “underexplored” and, therefore, by default, “underdeveloped,” and therein lies the opportunity.

When I think of Argentina, all I can recall is that it has a massive inflation problem (94% in 2022) and that it has tended historically to be decidedly anti-mining and anti-foreign in its treatment of investors.

As an example, in 2009, Pan American Silver Corp. (PAAS:TSX; PAAS:NASDAQ) bought the Navidad Silver deposit through the acquisition of Aquiline for US$630 million, only to discover that the province of Chubut disallowed the use of cyanide in mining operations thus preventing commercial exploitation of one of the world’s largest and richest undeveloped silver deposits.

However, recent legislation began to move in the opposite direction, as “limited development” is now possible in 2023. The reality is that when governments erect roadblocks to exploration and development, vast regions that contain potential district-scale mining camps fall into the category of “underexplored” and, therefore, by default, “underdeveloped,” and therein lies the opportunity.

The Navidad silver deposit was discovered in a geological setting in Patagonia known as the “Gastre Fault” structural corridor, which also contains the Calcatreu Gold Mine. It is a vast region largely untapped, but if a foreign entity can enlist the right person or group to navigate the permitting waters successfully, they will have earned the “first mover advantage,” and that is exactly what Norseman silver has accomplished with their acquisition of the Taquetren Project, a land package of some 145,000 acres located in the Navidad-Calcatreu Mining District.

Gold Ridge

Of even greater importance is that the prospector-geologist and Argentinian national that discovered Navidad, Daniel Bussandri, is now Norseman’s country manager and is completely in charge of all operations, including exploration and permitting, for Taquetren. To have a local with a proven track record as a mine-finder at the helm is an asset that is hard to assess, but the one thing I know for sure is that the risk premium that one would normally assign has now been mitigated by the presence of Daniel Bussandri.

Press releases in 2022 have revealed mineralized outcrops of major copper-silver credits and some minor gold occurrences, but that last one from January 23^rd was a game-changer.

Buy Norseman Silver.

It detailed the discovery of a 2 km long, 0.5 km wide mineralized vein structure where sub-crops yielded values as high as 12.2 g/t Au with this “Gold Ridge” zone lying within a larger 5 km long corridor hosting the Martha, Neta Nueva, Irma, and Veta Juan targets.

I have learned that the most recent sampling results at Gold Ridge are attracting the eyes and interest of more than a few of the consulting geologists, including 82-year-old crusty veteran geo Ron McMillan, who carries the reputation of being “unexcitable” about anything to do with early-stage exploration. Well, apparently, Mr. McMillan is “noticeably excited” about Gold Ridge, and given that it is located 20 km NW of Calcatreu and in the same mining district, I deem that as significant.

Norseman is completing a fast CA$750k funding in order to pay for the geophysical survey ordered last week, so with the existing CA$600,000 working capital position, the company is fully-funded to commence drilling once targets have been identified and permits received.

In sum, we have what might be a new gold discovery in a known gold-bearing region located in a largely-underexplored part of the world where for the first time in recent memory, large investment flows are suddenly and impressively showing up. We have a country manager with a proven track record and voluminous local relationships in order to facilitate the needs of the local politicians as he tries to capture the Navidad lightning in the junior exploration bottle once again. Remember, Navidad was sold for US$630 million.

At a CA$6.3m market cap, Norseman Silver Inc. appears ready to assume a dominant role in the Patagonia region as a first-mover with strong management at all levels and with a large land package in a mine-bearing region.

Buy Norseman Silver.

Michael Ballanger 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.

Disclosures:

1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: All. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, Bonaventure Explorations Ltd., has a consulting relationship with: None.

2) The following companies mentioned in this article 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: None. 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. 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 decision to publish an article until three business days after the publication of the 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 Allied Copper Corp. and  Norseman Silver Ltd., companies mentioned in this article.