InvestMacro

By Han Tan, Market Analyst, ForexTime

Article by ForexTime

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

By Admiral Markets

Source: Economic Events July 13, 2020 – Admiral Markets’ Forex Calendar

The DAX30 bulls had (and will have) to deal with some serious headwinds, beginning early last Friday, for the new week of trading.

The German index seriously attacked and dropped below the short-term important support level of around 12,470/500 points.

Above that level, another stint up to 12,750 and towards the June highs around 12,900 points was once possible, but this outlook has now darkened.

With rising fears around new Corona infections in the US, especially in Texas and Florida which together are responsible for over 20% of the annual US GDP, and that another lockdown of the US economy could be imminent, placing the advantage more and more with the bears.

And with the very extended mode in the Nasdaq100, mainly driven by the “Big 5” of Apple, Amazon, Microsoft, Facebook, and Google, following a positive Thursday while 392 stocks in the SP500 declined, the market is screaming for a correction which would potentially drive Equities as a whole significantly lower, and the DAX30 could be headed for a weak start into the week.

What’s certainly interesting is that the German index finds a solid support around 12,370/400 points.

If we break lower here and close below that level, the path for another stint below 12,000 points in the days to come could be levelled:

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between June 23, 2020, to July 10, 2020). Accessed: July 10, 2020, at 10:00pm GMT

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Daily chart (between March 27, 2019, to July 10, 2020). Accessed: July 10, 2020, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2015, the value of the DAX30 CFD increased by 9.56%, in 2016, it increased by 6.87%, in 2017, it increased by 12.51%, in 2018, it fell by 18.26%, in 2019, it increased by 26.44% meaning that after five years, it was up by 34.2%.

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations.
4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
7. Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.

Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

By Admiral Markets

By Hussein Sayed, Chief Market Strategist (Gulf & MENA), ForexTime

Article by ForexTime

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

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

On Monday, July 13th, Brent is falling and trading at $42.93. Basically, if one remembers the oil price this spring, the current value is quite stable. However, market players can’t be sure in anything, neither the oil price surge amid the increasing demand, nor the lack of demand and, as a result, predictable oil sales.

The latest data from Baker Hughes showed that the number of oil rigs in the United States fell again and on July 10th, was equal to 181 units. And now just feel the difference – at the same period of time last year, the reading was 784 units. The total rig count in the country is 258 units.

Early in the week, financial markets are anticipated to be pretty quiet but getting more and more dynamic as the trading week unfolds. For example, market players will closely follow the US comments relating to a possible resumption of trade talks with China because any negative news here may quickly become a reason for oil investors to sell the “black gold”.

In the H4 chart, after finishing the correction at 41.41, Brent is forming a new ascending impulse towards 43.50. After reaching this level, the instrument may start another correction. However, if the price breaks 43.50 to the upside, the pair may continue trading upwards with the short-term target at 45.55. From the technical point of view, this scenario is confirmed by MACD Oscillator: its signal line is moving close to 0. Later, the line is expected to rebound from 0 and resume moving upwards.

As we can see in the H1 chart, Brent is consolidating around 43.00. Today, the pair may fall to expand the range down to 42.42 and complete the correction. After that, the instrument may start a new growth to reach 43.50. From the technical point of view, this idea is confirmed by Stochastic Oscillator: its signal line has broken 80; right now, it is moving near 50 and may continue falling to reach 20, thus implying a possible decline towards 42.42 on the price chart. Later, when the indicator resumes growing towards 80, the price chart may resume trading upwards as well and reach 43.50.

Disclaimer

Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

By CentralBankNews.info

By IFCMarkets

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

By Money Metals News Service

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

No guest interviews this week, as we’re back to an all-hands-on-deck situation servicing all our Money Metals customers. A new demand spike in recent days harkens back to the pandemonium we saw in the precious metals markets back in March. So, let’s get right into today’s market wrap, because there is plenty to talk about…

Gold and silver markets advanced this week to hit new milestones.

Gold traded up to a 9-year high of nearly $1,825 an ounce on Wednesday before giving back a few dollars on Thursday. As of this Friday recording, the monetary metal comes in at $1,813 – good for a weekly gain of 1.7%.

Turning to silver, prices are up 3.7% this week to trade at $18.86 per ounce. The silver market traded up to the $19 level on Wednesday and moved above it during the day on Thursday to reach a slight new high for the year. But it fell back below that level at the close.

We’ve talked about $19 before as a major resistance line. Silver has now made three attempts this year going back to February to bust through it. When the market finally does post a strong close above $19 an ounce, we suspect it will be followed through with a sharp breakout rally.

Far from being mired in the summer doldrums, metals markets appear to be on their way to making this summer one for investors to celebrate. $20+ silver and new record highs for gold are both well within reach.

Even as the big tech stocks that make up the Nasdaq are posting rip-roaring gains, the best performing sector of 2020 has actually been the gold miners. The HUI gold mining stock index is up 30% year to date – and up over 90% since bottoming in March.

Investors who bought just about any stock market sector near the climax of the panic selling have since been able to make big gains. But valuations are now becoming stretched while the earnings picture for most companies remains shaky.

Perhaps equities will be able to ride the rising tide of liquidity provided by the Federal Reserve to still higher heights. But Michael Howell, the CEO of Crossborder Capital, urged CNBC International viewers to consider diversifying into gold.

Michael Howell: The worry is that we’re inflating a bubble. And bubble’s burst, as we know, but we still have, may have, several months of gains before that happens. But what we would urge investors to do is to start to diversify on the one asset that is bound to go up a lot more, which is gold. And gold goes up when two things happen. Number one, the Federal Reserve eases aggressively, and number two, the People’s Bank of China starts to ease. And that’s what we’re seeing. The concurrence of these two big central banks pumping in money is magic news for the gold price.

Unfortunately, the vast majority of investors have no exposure to precious metals at all.

Surprising as it may seem to those of us who view owning some gold and silver outside of the financial system as common sense, lots of investors don’t yet understand the first thing about precious metals. They don’t know where to buy them, or what to do with them, or what the point of owning them even is.

They understand stocks, bonds, and bank accounts – perhaps even cryptocurrencies. But for some reason they can’t grasp the least complicated and most enduring way to hold wealth.

It could be our lousy educational system, our biased financial media, our corrupt monetary system, or all three that are leaving much of the public dangerously ignorant about sound money.

Perhaps, too, the bullion industry needs to do a better job of communicating the benefits and features of gold and silver ownership and combat the myth of the “barbarous relic.” Bullion isn’t just for people who are nostalgic for the past. It also offers a host of benefits for these modern-but-turbulent times.

Physical precious metals offer far more versatility than conventional paper assets in terms of what you can do with them. About all you can do with a stock or bond is sell it for cash, donate it, or in some cases borrow against it.

You can do ALL those things with bullion – and much more. Since precious metals exist outside of the financial system, they can serve many non-financial purposes. Bullion coins and rounds can also be appreciated for their aesthetic qualities, which confer a pride in ownership and add a special sentimental value when given as gifts.

Since gold and silver have near-universally recognized value, they can be used as money around the world in transactions with any willing party.

Gold and silver can also be used to achieve conventional financial goals such as estate planning and tax savings. Precious metals IRAs are a great way to shield gains from taxation.

Precious metals can be used as collateral to obtain loans with favorable terms. Money Metals Exchange is proud to play a leading role in helping people tap the hidden utility of gold and silver. And Money Metals Capital Group can now extend cash loans on your gold, silver, platinum, or palladium bullion.

If you own at least $35,000 of precious metals and store them in the Class 3 vaulting facility operated by Money Metals Depository, you are likely eligible for a loan of $25,000 or more.

Borrowing against your precious metals assets can be a far more efficient way of accessing their buying power as compared to selling and facing transaction costs along with potential tax consequences.

However, this strategy isn’t suitable for everyone.

The main conditions are that you have an acceptable credit rating, use loan proceeds for business or investment purposes rather than for personal needs, and don’t use loan proceeds to purchase additional precious metals for at least 30 days.

And the Money Metals loan program isn’t currently available for residents of roughly 5 states.

For more information on precious metals-backed loans or to begin an application, go to moneymetals.com/gold-loan or give us a call at 1-800-800-1865.

Well that will do it for this week, thanks for listening. Be sure to check back next Friday for our next Weekly Market Wrap Podcast. Until then, this have been Mike Gleason with Money Metals Exchange, thanks for listening and have a great weekend everybody.

The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.

By The Gold Report

Source: Ron Struthers for Streetwise Reports   07/08/2020

Ron Struthers of the Struthers Resource Stock Report spotlights Golden Lake Exploration and its flagship, Jewel Ridge.

I wanted to see a solid breakout for gold above $1,800/ounce, but we have traded several days at new highs so I am convinced another breakout is underway. This is exactly like the trading action we had in January, where we eventually went through $1,600 up to $1,700. We are essentially trading at the 2011 highs. My next target is $2,000; that will continue the uptrend channel (ignores the March anomaly).

As I mentioned last month, to get maximum benefit from this new bull market, my plan is to buy a basket of quality juniors in good jurisdictions like Mexico, Canada, Australia and Nevada. And Nevada is a state that is a gold country in its own right. Consider this about Nevada:

• Gold is the state’s top overseas export by value, accounting for $4.9 billion, or 44%, of the state’s $11 billion of exports in 2018. A year earlier, gold accounted for more than half the total. The top destinations are Switzerland and India, where Nevada-mined gold is refined.
• The state produces more than 80% of the gold mined annually in the United States. If it were a separate country, Nevada would be the world’s fifth-largest producer, behind China, Australia, Russia and Canada.
• Over the past decade, gold production has averaged about 5.5 million ounces/year. The value of that production in 2018 was just over $7 billion, representing 84% of all mining production in the state.

I have come across another hidden gem in Nevada. This is a new company with a low number of shares out, top-notch management and a Nevada property with all kinds of gold but only drilled to shallow depths.

Golden Lake Exploration Inc. (GLM:CSE)
Recent price: $0.20/share
52-week trading range: $0.07–0.22
Shares outstanding: 27.8 million

Highlights:

• Very low market capitalization
• Top notch management and technical team
• Jewel Ridge project, a great location in Nevada
• Advance stage with over 300 historic drill holes
• South Eureka zone has not had much drilling since 1980s, with 50 shallow holes (average depth: 47.5 meters)
• Historic holes returned an average thickness of 17.1 meters (17.1m) assaying 1.16 g/t gold

Management (sourced from the company website)

Michael B. England, CEO and president, is an astute team builder and has been involved in the public markets since 1983. Since 1995, Mr. England has been directly involved with public companies in various roles, including investor relations, directorships and senior officer positions. To date, Mr. England has been directly responsible for raising in excess of $60 million for mineral exploration and acquisitions.

Vic Bradley, chairman, has more than 50 years’ experience in the mining industry, including more than 15 years with Cominco Ltd. and McIntyre Mines Ltd. in a wide variety of senior financial positions from Controller to COO. Over the past 30 years Vic has founded, financed and operated several mining and advanced-stage exploration and development companies, including the original Yamana Gold Inc., Aura Minerals Inc. and Nevoro Inc. (sold to Starfield Resources). Vic founded the original Yamana in early 1994, and served as president and CEO and then chairman of the board and lead director until 2008. He served as chairman of Osisko Mining Corp. from November 2006 up to its sale for $4.1 billion to Agnico Eagle and Yamana in June 2014. He served as a director of Osisko Gold Royalties Ltd. (spun out of the Osisko Mining sale) from June 2014 to May 2018 and as chairman of Nevada Copper Corp. from February 2012 to February 2017. He now serves as chairman of Osisko Bermuda Ltd., Osisko Gold Royalties’ offshore subsidiary that controls all of its assets outside of North America.

Robert Weicker, chief geologist, is an associate of Ross Beatty and has extensive mining experience, including a five-year stint at the famous Hemlo mine and including the role of chief geologist at the Williams Mine. Bob also has extensive exploration experience in the Hemlo, Thunder Bay area, and Abitibi greenstone belts, for gold and VMS (volcanogenic massive sulfide) deposits. In the U.S., Bob was with Equinox Resources Ltd. (taken over by Hecla Mining Co.) and involved with the exploration, permitting and underground development of the Rosebud gold deposit in Nevada, which was successful mined by Hecla and Newmont.

Peter Mah, director, is a mining engineer with 30 years of global mining industry experience. He is currently the COO of McEwen Mining Inc. Mr. Mah’s past positions include president of Avanti Kitsault Mines Ltd., chief operating officer (COO) of Alloycorp Mining Inc., COO and executive vice president (VP) of Luna Gold Corp., and group executive, Newmont Mining Corp. At Newmont, he led the early-stage exploration study teams defining over 15 million ounces (15 Moz) of gold resources for development in Canada, Nevada, Ghana and Peru. Most notable were the Leeville underground mine expansion in Nevada and the new Subika underground mine in Ghana.

Giulio Bonifacio, director, has over 30 years of experience in senior executive roles in the mining industry, many associated with Ian Telfor. Mr. Bonifacio is the founder and former director, president & CEO of Nevada Copper Corp., since its inception in 2005 until his retirement in February 2018. Among his many accomplishments, Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as been involved in corporate transactions aggregating in excess of a billion dollars. Mr. Bonifacio has held previous senior executive roles with Getty Resources Ltd., TOTAL Energold Corp. (an energy and gold producer) as well as with Vengold Inc. (a gold producer) prior to founding Nevada Copper in 2005. Mr. Bonifacio is currently chairman and director of CopperBank Resources; CEO and director of Kerr Mines and independent director of Candente Copper Corp.

Richard Reid, technical advisor, is a senior geologist with over 39 years in the mining business, working for major mining companies, with a focus throughout Nevada. His roles with Newmont Mining Corp., now Newmont Goldcorp Corp., the largest producer of gold in the world, included Nevada District exploration manager, exploration business development manager and chief geologist for North America.

Projects—Jewel Ridge, Nevada

Jewel Ridge is located on the south end of Nevada’s prolific Battle Mountain–Eureka trend, strategically along strike and contiguous to the former Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) two-million-gold-ounce Archimedes/Ruby Hill mine to the north and Timberline Resources Corp.’s (TLR:NYSE.MKT) advanced-stage Lookout Mountain project to the south. The property claims cover approximately 728 hectares (1,800 acres). There is year-around road access to the property and it is 3.2 kilometers (3.2 km) south of Eureka.

The Jewel Ridge property contains several historic small gold mines that align along a north-south-trending stratigraphic contact of lower Paleozoic sedimentary rocks, as well as several other gold-mineralized zones with a variety of structural and lithological controls.

Historical drilling

The Jewel Ridge Project has been drilled by General Mineral Development LLC, Homestake Mining Co., Tenneco Minerals, Norse-Windfall Ventures, Rainbow Resources and Greencastle Resources (VGN:TSX.V). A total of 89,484 feet (89,484 ft) in 315 reverse circulation or rotary drill holes have been completed at Jewel Ridge. Most of the drilling was done in the 1980s and drill hole locations are approximate, but it is excellent information to guide exploration.

The most recent drilling included Greencastle, which completed three drilling campaigns after acquiring the property. In 2004 the drilling program totaled 11,210 feet in 22 reverse circulation holes. The best intercept was in HRC-11, 135 ft @ 2.1 g/t Au beginning at 310 ft depth, in bleached, decalcified Hamburg dolomite. It is encouraging that this was one of the few deeper holes and had very good results.

In 2006–2007 the drilling program totaled 8,860 feet in 18 reverse circulation holes, testing the Magnet Ridge, North Jewel Ridge, Silica Ridge and Hamburg-Croesus targets. The best intercept is 45 ft @ 0.950 g/t Au in hole GR-07-15. Intercepts in 2012 by Rainbow Resources (lessee) in its drilling program were DH12-5, with 35 ft @0.91 g/t Au; DH12-6 with 15 ft @1.95 g/t Au; and DH12-4 with 5 ft @1.67 g/t Au.

The South Eureka is the first priority drill target. It has 82 historic drill holes and 50 hit mineralization. The last drilling on this target was in the late 1980s and has not been drilled/explored since because tenure issues with the claims, which was resolved in 2012 with the purchase of 13 patented claims. This will be the first time in decades that this priority target will see modern exploration techniques and deeper drilling.

Financials

Last financials, as of Feb. 29, 2020, show $291,936 cash and no debt. Since then GLM closed a non-brokered private placement. The company issued 8,166,667 common share units at a price of $0.15 per unit for aggregate gross proceeds of $1,225,000. The shares and warrants comprising the units are subject to a four-month hold period expiring Oct. 10, 2020.

Conclusion

The average gold grade at the South Eureka target in 50 historic drill holes is 1.16 g/t Au. This is a very good grade for an oxide, heap-leach, open pit mine in Nevada, and indications are this gold is near surface. For example, Atlantic Gold was among the lowest cost producers in the world with their open pit Moose River mine in Nova Scotia. It was bought out by an Australian company, St Barbara Ltd.

Based on this comparison chart of 2018 costs, it highlights Atlantic Gold’s very low costs. As of March 25, 2019, the Atlantic Gold operation had a combined estimated 1.9 million ounces of gold in reserves at a grade of 1.12 grams per tonne. For full details, refer to the compliance documents at stbarbara.com.au/exploration/.

A recent new and low-grade gold mine that is providing strong cash flow is Victoria Gold Corp.’s (VGCX:TSX; VITFF:OTCMKTS) Eagle mine in the Yukon, grading 0.65 g/t Proven and Probable reserves. They just declared commercial production on July 1, and the mine is projected to have AISC of US$774 per ounce gold. Costs are higher in the Yukon compared to Nevada.

An example of a low-cost, high-margin Nevada producer is the Marigold Mine. Owned by SSR Mining Inc. (SSRM:NASDAQ; SSRM:TSX), Marigold stands out for its ultra-low grades of 0.46 g/t. In production since 1989, Marigold is a large run-of-mine operation. After blasting the ore, it doesn’t need to be crushed or ground and can go directly onto the leach pad, which significantly reduces costs.

The famous deposits in Nevada contain microscopic gold but it is found in almost every rock. The gold is low grade (under one gram per tonne) but plentiful. Between 1835 and 2008 a whopping 152 million ounces were pulled from the Carlin Trend and other gold trends in Nevada, including Cortez and Walker Lane, mostly through open-pit mining.

At GLM’s Jewel Ridge, the average historic grades would make for a robust mine if a large enough quantity of gold can be proven. This is historic data so we have to assume some risk with these numbers, but there is room for a margin of error. Deeper drilling might find higher grades as well; only time will tell. The key point is that this data represents $millions in exploration expenditures and provides a headstart on GLM’s exploration, as well as de-risking the project. The gold is there. GLM only needs to find enough to make a deposit.

On June 26 Golden Lake reported that its geological team has confirmed previous reported results on the Radio Tower target (source: press release May 14, 2020) and also has sampled a new mineralized zone designated as the A&E target (historic results up to 29.49 grams per tonne gold, 333.0 g/t silver):

Radio Tower target: Sampling by company personnel of dumps from adits, shafts, old trenches and outcrop have returned a median (based on gold values) of seven samples of 1.93 grams gold per tonne Au (g/t), 44.8 g/t silver (Ag), and 0.04% copper, 0.72% lead (Pb) and 1.18% zinc (Zn).

A & E target: Based on a compilation of the recently acquired historic third-party rock-chip database and geological reconnaissance by company personnel, another prospective target has been identified. Highlights include values up to 29.49 g/t Au, 333.0 g/t Ag, 1.35% Cu, 4.00% Pb and 9.53% Zn. The median (based on gold values) of nine samples on the two patented claims is 2.30 g/t Au, 47.4 g/t Ag, 0.18% Cu, 0.20% Pb and 0.62% Zn.

The A & E target has no known drill holes, but the area has been recently visited by company personnel to determine the logistics of accessing the area during the company’s forthcoming RC (reverse circulation) drill program, planned for July 2020. Samples comprise grab rock samples from dumps of old mine workings and rock outcrop exposures. Grab rock samples are not representative of the grade of mineralization of an occurrence, but are useful in determining prospectivity, and geological features.

As mentioned in the June 26 press release, drilling is expected to start this month, so I would suggest getting position as soon as possible.

You can see on the chart that the stock has been trading less than a year and volume just started picking up in April. The stock has recovered from the March panic selloff, but has yet to break resistance around $0.19. It looks like it was going to but the attempt failed. This pullback provides a good entry price closer to the bottom of the uptrend channel.

Ron Struthers founded Struthers’ Resource Stock Report 23 years ago. The report covers senior and junior companies with ample trading liquidity. He started his Millennium Index of dividend stocks in 2003 – $1,000 invested then was worth over $4,000 end of 2014 and the index returned 26.8% in 2016. He retired from IBM after 30 years in customer service, systems and business analyst, also developing his own charting software. He has expertise in junior start-ups and was a co-founder of Paramount Gold and Silver.

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Disclosure:
1) Ron Struthers: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Golden Lake Exploration. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: Golden Lake Exploration is a paid advertiser at playstocks.net. Additional disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
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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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Charts and images provided by the author.

Struthers Disclosure: All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

( Companies Mentioned: GLM:CSE,
)

By The Gold Report

Source: Streetwise Reports   07/08/2020

GoldMining’s new entity and its potential benefits are outlined in a ROTH Capital Partners report.

In a June 24 research note, ROTH Capital Partners analyst Jake Sekelsky reported that GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) noted Gold Royalty Co., a gold royalty entity that “represents an opportunity for long-term value creation.”

“We are supportive of management’s proactive approach to unlocking value from its portfolio of gold assets and expect Gold Royalty Co. to provide GoldMining shareholders with optionality going forward,” Sekelsky added.

Sekelsky described the new vehicle. It will hold 14 newly created royalties that will range from 0.5–2% on the same number of GoldMining’s projects. Two of the royalties will be 2%, 11 will be 1% and one will be 0.5%. With all of the royalties, Gold Royalty has exposure to 14.3 million Measured and Indicated ounces and 16.6 million Inferred ounces of gold equivalent.

The analyst presented two ways in which Gold Royalty could offer GoldMining shareholders value. One is through its valuation because royalty companies tend to trade at a premium to explorers and developers, GoldMining for instance. Thus, Gold Royalty could “command a premium to the net asset value multiple received for GoldMining’s existing asset base,” wrote Sekelsky. He noted that ROTH assigned a value of $10 million to Gold Royalty.

The second way is through future exploration on the 139,000 hectares of land that GoldMining holds in the Americas and that the 14 royalties will cover.

ROTH has a Buy rating and a CA$5.75 per share price target on GoldMining, the current share price of which is now about CA$2.33.

“In our view, GoldMining is well-funded to execute on its stated
objectives for 2020 and believe the company should continue to provide
investors with leverage to rising gold prices,” Sekelsky concluded.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ?????. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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 three business days after the publication of the interview or 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 ?????, a company mentioned in this article.

Disclosures from ROTH Capital Partners, GoldMining Inc, Company Note, June 24, 2020

Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Shares of Goldmining, Inc. may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

( Companies Mentioned: GOLD:TSX; GLDLF:OTCQX,
)

By The Life Science Report

Source: Streetwise Reports   07/08/2020

An update on Can-Fite BioPharma’s multiple drug treatment trials is provided in a Dawson James report.

In a July 6 research note, Dawson James analyst Jason Kolbert provided an update on Can-Fite BioPharma Ltd. (CANF:NYSE.MKT).

The Israel-based firm recently raised $3.4 million in capital, which Kolbert wrote is sufficient to get it through its upcoming catalysts. He expects additional raises in the future, however and added that “investors need to balance the raises against scientific progress.”

He reported on what is new with Can-Fite’s primary drug candidates, Namodenoson and Piclidenoson.

“Both hold great promise as alternative therapies with what appears to be a more favorable side effects profile,” commented Kolbert.

Additional Phase 2 data are available for Namodenoson in liver cancer, and they “shine,” Kolbert noted. Results showed that overall liver fat volume decreased with a high significance in patients who received Namodenoson versus those who received a placebo.

Also statistically significant was the percentage of fat volume decrease. Among the cohort that was treated with Namodenoson 12.5 milligrams (12.5 mg), the decline was 3.68%, and among the group that got 25 mg of Namodenoson, it was 4.33%. These compare to the 2.61% decrease among the placebo patients.

Next for Namodenoson is a Phase 3 pivotal trial, the design for which the U.S. Food and Drug Administration approved. Currently, the European Medicines Agency is reviewing the study protocol and registration plan.

Regarding Piclidenoson, enrollment now is about half complete for both of the Phase 3 pivotal trials, the ACROBAT study in moderate to severe rheumatoid arthritis and the COMFORT study in psoriasis.

Kolbert concluded, “Piclidenoson results in not one but two studies (ACROBAT and COMFORT) are coming, and there is even data in COVID. As a result, we would hold on, and let’s get to the data.”

Dawson James has a Buy rating and a $7 per share target price on Can-Fite BioPharma, which is now trading at about $1.83 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures for Dawson James Securities, Can-Fite BioPharma Ltd., July 6, 2020

The Firm does not make a market in the securities of the subject Company (s). The Firm has NOT engaged in investment banking
relationships with CANF in the prior twelve months, as a manager or co-manager of a public offering and has NOT received compensation resulting from those relationships. The Firm may seek compensation for investment banking services in the future from the subject Company (s). The Firm has received other compensation from the subject Company (s) in the last 12 months for services unrelated to managing or co-managing of a public offering.

Neither the research analyst(s) whose name appears on this report nor any member of his (their) household is an officer, director or advisory board member of these companies. The Firm and/or its directors and employees may own securities of the company(s) in this report and may increase or decrease holdings in the future. As of June 30, 2020, the Firm as a whole did not beneficially own 1% or more of any class of common equity securities of the subject company(s) of this report. The Firm, its officers, directors, analysts or employees may affect transactions in and have long or short positions in the securities (or options or warrants related to those securities) of the company(s) subject to this report. The Firm may affect transactions as principal or agent in those securities.

Analysts receive no direct compensation in connection with the Firm’s investment banking business. All Firm employees, including the analyst(s) responsible for preparing this report, may be eligible to receive non-product or service specific monetary bonus compensation that is based upon various factors, including total revenues of the Firm and its affiliates as well as a portion of the proceeds from a broad pool of investment vehicles consisting of components of the compensation generated by investment banking activities, including but not limited to shares of stock and/or warrants, which may or may not include the securities referenced in this report.

Analyst Certification: The analyst(s) whose name appears on this research report certifies that 1) all of the views expressed in this report accurately reflect his (their) personal views about any and all of the subject securities or issuers discussed; and 2) no part of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed by the research analyst in this research report; and 3) all Dawson James employees, including the analyst(s) responsible for preparing this research report, may be eligible to receive non-product or service specific monetary bonus compensation that is based upon various factors, including total revenues of Dawson James and its affiliates as well as a portion of the proceeds from a broad pool of investment vehicles consisting of components of the compensation generated by investment banking activities, including but not limited to shares of stock and/or warrants, which may or may not include the securities referenced in this report.

( Companies Mentioned: CANF:NYSE.MKT,
)