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Tier One Silver (TSXV:TSLV) Shakes Up Management and Expands Curibaya

Tier One Silver (TSXV:TSLV) has made major strides in its Curibaya silver-gold mining project in Southwestern Peru by expanding its property from 11,000…

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Map view, Curibaya and major surrounding mines. Source: Tier One Silver

Tier One Silver (TSXV:TSLV) has made major strides in its Curibaya silver-gold mining project in Southwestern Peru by expanding its property from 11,000 hectares to 16,800 hectares. This land extension came after weeks of mapping and sampling since it covers the post mineralization volcanic cover. 

The company hopes to further increase the scope of its ground-based induced polarization (IP) geophysical survey so that it can map the whole mineralized area in the Curibaya mining region. According to Founder Ivan Bebek, it may be one of the more profitable enterprises for the company,

CEO Peter Dembicki commented:

“We are excited by what we’re seeing so far with our ongoing drill program at Curibaya and are pleased to expand our land position prior to receiving our first results. Ongoing surface sampling has continued to extend the alteration and mineralization footprints, and therefore, we are expanding our IP survey as well. We look forward to a very busy second half of 2021 with results from drilling and surface sampling.”

Management Shakeup for a Strong Path Forward

This expansion at Curibaya comes at a time of change in the company’s development as it has recently appointed a new President/CEO, Director, and Vice-President of Communications. Collective was spun out from Auryn Metals, and these changes bring financial expertise and signal confidence in future profits and dividends for shareholders. According to Bebek, this can be achieved with this new team and the budding flagship project in the Curibaya region.

Christy Strasesh was recently appointed by the company board of directors and brings a wealth of experience to the company’s financial strategy and management. She has over 15 years of experience with capital markets and with a CFA designation, has ample history with investment management.

Natasha Frakes was recently appointed VP of Communications, having worked with Tier One Silver’s founders Ivan Bebek and Shawn Wallace since she joined Torq Resources in 2018 as their Manager of Investor Relations. With a background in journalism, she has worked for CBC Vancouver and CBC Calgary and thus has a fundamental and comprehensive understanding of media. She has previously done communication work for three different companies in the mining industry; Fury Gold Mines, Tier One Silver, and Sombrero Resources.

Tier One’s (TSXV:TSLV) new President and CEO, Peter Dembicki, has ample experience with capital markets and investment strategies. He has managed many corporate finance projects and has an extensive network of high net worth venture capitalists and corporations. Being a member of Canaccord, a multi billion-dollar investment company, he oversaw many lucrative deals and will be a valuable asset to the financial health of Tier One at large.

This is likely the biggest change for the company, and likely point to a more fiscally strong future for the company and more profitable dividends for shareholders. Since joining the team, Dembicki commented

“I am thrilled to be joining the Tier One team. The track record of success of management, the caliber of the technical team and the quality of assets led to my decision to join the Company. I am looking forward to the numerous catalysts ahead, including exploration at Curibaya, growing the project portfolio, and pursuing world-class discoveries, with a primary focus on silver, as we enter the precious metals bull market.”

The company began trading on the TSX Venture Exchange on June 9, 2021, under the ticker TSLV on the TSX Venture Exhange and TSLVF on the OTC Markets. The company’s exploration plans and its strong ties with local communities, and commitment to environmental, social, and governance (ESG) principles are what has made it so attractive for investors thus far. The company has also applied for listing on the OTCQB, to expand options for US investors and broaden the investor base.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above. 

The post Tier One Silver (TSXV:TSLV) Shakes Up Management and Expands Curibaya appeared first on MiningFeeds.

Precious Metals

Northern Vertex To Become Elevation Gold, Consolidate Shares As Of Friday

Northern Vertex Mining (TSXV: NEE) last night after the bell provided the effective date for its previously announced share consolidation
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Northern Vertex Mining (TSXV: NEE) last night after the bell provided the effective date for its previously announced share consolidation and name change. The firm has indicated that its name will change to that of “Elevation Gold Mining Corporation.”

The name change, which will also see its stock symbol change to “ELVT” is set to take effect on September 24, 2021. A reason for the change was not provided, however it is assumed that the company is looking for a fresh start within the investment community.

A planned share consolidation, or reverse split, is also set to take effect on Friday. The consolidation will see the firm issue one post-consolidation share for every six pre-consolidation shares held of the company. A total of 60.9 million common shares are expected to be outstanding after the consolidation occurs, with any warrants or options currently outstanding being reduced proportionally as well.

Northern Vertex Mining last traded at $0.275 on the TSX Venture.


Information for this briefing was found via Sedar, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Northern Vertex To Become Elevation Gold, Consolidate Shares As Of Friday appeared first on the deep dive.

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Precious Metals

Selloff Puts All Eyes on the Fed

Looking for a dovish Fed … the crypto sector suffers another drawdown … will gold ever register a pulse?

Tomorrow, all eyes are on the Fed.
It’s…

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Looking for a dovish Fed … the crypto sector suffers another drawdown … will gold ever register a pulse?

Tomorrow, all eyes are on the Fed.

It’s the most anticipated Fed announcement in recent memory. Investors are expecting hints about the timing and scope of a Fed bond-purchase tapering.

Economists surveyed by Bloomberg expect the November meeting is when we’ll get a formal announcement on the Fed reducing its monthly purchases of $80B of Treasurys and $40B mortgage-backed securities.

Of the 52 economists surveyed, two-thirds expect November. More than half of them believe the taper will begin in December.

But as we noted in yesterday’s Digest, Louis Navellier believes we’ll get more information tomorrow, which will calm markets.

From Louis’ Platinum Growth Club Flash Alert yesterday:

I am expecting a dovish statement.

I am expecting the Fed will clarify that they will begin tapering.

But it’s probably just going to be a mini-taper, not a big one. And so, I think it will be interpreted as dovish, and the market will rally.

***Louis isn’t the only one expecting a dovish Fed

Our hypergrowth expert, Luke Lango, also expects the Fed will tell the market what it wants to hear, resulting in a late-week rebound.

Interestingly, Luke points toward yesterday’s volatility as a clear signal to Federal Reserve Chairman, Jay Powell.

From Luke’s latest update of Hypergrowth Investing:

The Fed is slated to meet today and tomorrow to discuss monetary policy. Many Fed members have voiced a hawkish tone ahead of that meeting, advocating for some tightening via a tapering of asset purchases.

Wall Street is braced for this – investors are largely “OK” with a gradual and smooth taper.

But Wall Street doesn’t want anything more, and they’re letting the Fed know by selling stocks ahead of the meeting, basically saying: “Hey, Fed, if you tighten more aggressively than you’ve signaled, the stock market’s going to collapse, and the whole world is going to blame you.”

It’s a warning shot.

And it’ll work.

Luke believes that today and tomorrow could be choppy in the markets. But tomorrow at 2 p.m. ET, Powell will take the stage. Luke anticipates he will announce a taper, while delivering it in an ultra-dovish tone – pleasing the markets.

That will lead to a market rebound to close out the week.

***If you follow the money-flows, U.S. investors are also expecting this “Wall-Street-friendly” Fed

From Seeking Alpha:

The market is seeing a “monster reallocation cash-to-stocks as tax redistribution threat recedes & Fed expected to remain Wall St-friendly (liquidity easiest since Jul’07),” Michael Hartnett, BofA chief investment strategist, wrote in the “Flow Show” note on Friday.

How big is this reallocation?

Last week, investors dumped cash in favor of stocks at the greatest pace of the entire year. The outflows from money market funds registered $43.5 billion, the biggest of 2021, according to Refinitiv Lipper.

It also marked the largest inflow into U.S. large-cap funds ever. It was $28.3 billion, to be exact. Growth funds saw nearly $7 billion, with small-caps getting $4.2 billion.

So, the results of tomorrow’s FOMC meeting could be a market-mover. We’ll let you know how it goes here in the Digest.

***Stocks aren’t the only asset class in the red recently – the crypto sector has been suffering a sell-off

It feels like bitcoin and the crypto sector had finally begun turning the corner after the 50%+ drop from the spring. That was, until a flash crash from two weeks ago ushered in more weakness.

Yesterday’s multi-asset class selloff hit crypto as well.

From Forbes:

Cryptocurrency prices plunged Monday morning during a widespread market sell-off sparked by concerns of a potentially catastrophic debt default in China, pushing many of the world’s largest digital currencies to their lowest levels in more than a month.

The value of the world’s cryptocurrencies plunged to a low of less than $1.9 trillion by 8:45 a.m. EDT on Monday, nearly 11% less than 24 hours prior and reflecting a loss of more than $250 billion, according to crypto-data website CoinMarketCap.

Pullbacks like this are never fun to sit through, but they’re not unusual. So, it’s critical to avoid interpreting “temporary weakness” as a sign of “impending doom.” This is just standard crypto volatility.

Luke, who is also our crypto specialist, echoed this same point in his Saturday update of Ultimate Crypto. And this was before yesterday’s sector weakness.

After highlighting bullish adoption news about several holdings in the Ultimate Crypto portfolio, Luke wrote:

That’s not to say we won’t get a big sell-off here soon. We may.

That’s what cryptos do – from time to time, they plunge.

But it is to say that consumer adoption is progressing at breakneck speed, and consumer adoption will ultimately determine the long-term price trajectory of cryptos.

That’s why we’re more bullish than ever, and why we will be huge buyers on any future plunges in cryptos.

By the way, if you missed it, last week, Luke sat down with fellow crypto expert, Charlie Shrem, to discuss the huge opportunities in the crypto sector.

In short, they believe a new massive crypto bull market is forming, and certain cryptos are likely to go parabolic. Weakness like we’re seeing right now is offering investors greatly-discounted entry prices to top-tier cryptos.

If you’ve been looking for a time to begin a crypto portfolio, this is a good opportunity. To watch the free replay of Luke and Charlie’s event, just click here.

***Meanwhile, even with stocks and cryptos down and anxieties up, gold still can’t catch a bid

There was a time when steep selloffs in stocks and other asset classes would frighten investors, resulting in huge inflows into the “chaos hedge” of gold.

Though that time may return, it’s not here right now.

Yesterday, as all three major stock indexes dropped more than 2%, gold yawned, barely inching higher (and silver actually lost 0.6%).

Our macro specialist and the editor of Investment Report, Eric Fry, put a poetic spin on this…

The yellow metal is barely registering a pulse at the moment. Most of the wax figures inside Madame Tussauds museum seem more vibrant and lifelike.

But the thing about gold is it tends to come back from the grave at the exact moment that dejected investors finally leave it for dead.

Back to Eric:

After gold’s decade-long dormancy from 1991 to 2001, for example, it suddenly sprung to life and soared 500% over the ensuing decade.

More recently, the gold price drifted 40% lower during the seven-year span from 2011 to 2018. But then it revived once again and rallied as much as 70% from its 2018 low.

That rally was probably the first phase of what will become a much bigger move. Now that the gold price has spent more than a year going nowhere, it has gained plenty of rest for its next major move higher.

Frankly, the pessimism has grown so intense that gold is beginning to resemble a dream-trade for a contrarian investor.

Back to Eric to put some numbers on this:

Most folks want little to do with gold at the moment.

On a net basis, investors have withdrawn more than $15 billion from the SPDR Gold Shares ETF (GLD) during the last 12 months. That’s the most rapid and sizable retreat from this gold fund since 2013.

To summarize today’s approximate investor attitudes, they like stocks, adore cryptos, and feel sorry for gold and silver.

“Both metals are suffering from a complete lack of investor interest,” griped Ole Hansen, head of commodity strategy at Saxo Bank A/S, during Thursday’s abrupt selloff.

But remember, there are two macro factors in gold’s corner – inflation and soaring government debt.

Eric notes that the 12-month federal deficit stands at $2.8 trillion…which is a whopping 12.5% of U.S. GDP. Meanwhile, the six-month average U.S. inflation rate is hitting levels not seen in 30 years.

Back to Eric:

Historically, great, big governments deficits, coupled with great, big inflation readings, trigger great, big gold rallies.

Perhaps this time is different. But there’s a reason why many seasoned investors say that “This time is different” is the most expensive phrase in finance.

Because it is…

We’ll keep checking for a pulse here in the Digest and will let you know.

See you back here tomorrow for the post-mortem on the Fed announcement.

Have a good evening,

Jeff Remsburg

The post Selloff Puts All Eyes on the Fed appeared first on InvestorPlace.

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Economics

Here’s Why Evergrande Is NOT the Next Lehman Brothers

Thirteen years ago, on September 15, 2008, Lehman Brothers, one of the largest banks in the U.S., collapsed. The reality is the bank was overleveraged…

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Thirteen years ago, on September 15, 2008, Lehman Brothers, one of the largest banks in the U.S., collapsed. The reality is the bank was overleveraged in the real estate market during the housing boom, as it invested in risky real estate and subprime mortgages. When the housing bubble burst, Lehman Brothers didn’t have the cash to cover its loans. As a result, the big bank went bankrupt.

Source: Shutterstock

While the “Great Recession” was already underway, it was Lehman Brothers’ mighty fall that was the straw that broke the stock market’s back. Stocks initially chopped around on hopes that the Senate would bail out the big bank, but when they decided not to, stocks were sent into a tailspin. On September 29, 2008, the Dow plummeted 777 points and the S&P plunged 8.8%. At the time, this was both indices’ biggest one-day selloffs in history.

So, when it was announced yesterday that Chinese real estate company Evergrande was on the verge of defaulting on its nearly $300 billion in debt, Wall Street felt a little déjà vu. As a result, investors knee-jerk reacted, causing the Dow to fall as much as 970 points and the S&P 500 to slip 2.9% during intraday trading.

Suffice it to say, it was a bad day for the market, though I must admit I did find it ironic that the financial markets in China and Taiwan were closed while the U.S. markets sold off.

The reality is that China has a debt bubble that’s being pricked. A few weeks ago, its junk bond market was showing some cracks. But is Evergrande China’s Lehman Brothers? And, more importantly, is now the time to sell and sit on the sidelines?

Personally, I don’t think so.

The fact of the matter is Evergrande is too big to fail — and I’m not alone in this thinking. My favorite economist Ed Yardeni commented yesterday morning that the Chinese government is likely to intervene in order to protect the Chinese economy and global markets from the fallout. He noted that Evergrande management is likely to be replaced, and the company will probably be restructured.

Yardeni compared the current Evergrande situation to what occurred in 1998 with Long-Term Capital Management. At that time, the Federal Reserve and other major financial institutions stepped up to protect the U.S. economy — and global economy — from a major collapse when the hedge fund’s leveraged trading strategies failed.

This is why I believe yesterday’s sharp pullback is a prime example of Wall Street’s tendency to “act first” and “think later.” Yes, the Dow’s nearly 1,000-point plunge was gut-wrenching, but I suspect clearer heads will prevail and the stock market will firm up in the upcoming days.

Remember, we have the Federal Open Market Committee (FOMC) statement on Wednesday (I’ll share my thoughts on the FOMC statement in Thursday’s Market360 article, so stay tuned for that!), and I expect the Fed to remain dovish, which should trigger a nice relief rally.

The reality is the Fed has to remain accommodative. As I explained to my Growth Investor subscribers last Friday, in 2020 only 39% of Americans paid income taxes. So, even if the federal government taxes all of us at 100%, the federal budget deficit will still be more than $8 trillion. The federal government has essentially reached the point of no return, and it is following the same path as Japan and Europe. It simply cannot tax its way out of the deficit conundrum. I should also add that the Social Security Trust Fund ran a deficit in 2020 and will be out of money in 2034.

Given the massive federal budget deficit, I don’t expect the Fed to raise key short-term interest rates much higher. We may see the Fed raise the Fed Funds Rate from 0.25% to 0.5% in late 2023 and then to 0.75% in 2024. But rates aren’t likely to go much higher than that. Due to the dire U.S. fiscal situation, the Fed has no choice other than to print money and keep interest rates artificially low.

As a result, the U.S. stock market should remain an oasis in the ultralow interest rate environment. The S&P 500 and Dow continue to yield more than Treasuries and the banks, which is driving yield-hungry investors back to the stock market to high-quality stocks. This is especially great news for my fundamentally superior Growth Investor stocks. During the second-quarter earnings season, my average Growth Investor stock posted a 26.9% second-quarter earnings surprise, and many rallied on their strong results.

Considering this, I am looking forward to the third-quarter earnings season and what it has in store for my Growth Investor stocks. I should add that my Growth Investor stocks are characterized by 46.9% annual sales growth and 57.2% annual earnings growth, and I fully expect them to post wave-after-wave of positive earnings results, which, in turn, should dropkick and drive them higher.

Sincerely,

Louis Navellier

P.S. John F. Kennedy once famously implored us to “ask not what your country can do for you; ask what you can do for your country.”

Now a new generation has turned that statement on its head.

We’ve reached a point of no return.

Our country has been taken over by a gang of folks who would rather take money from us than earn it themselves.

We have become what our forefathers feared:

A nation of takers.

If you’re a believer in financial responsibility and the ideals of the Founding Fathers like George Washington, this should scare you.

If you have any money in savings, in the stock market, in a 401(k) or even cash stuffed under the mattress, this should make the hair on your neck stand up.

I recently recorded a video to explain exactly what’s happening… and why it’s so dangerous to your wealth.

And I’ll share what I’m doing with my money to protect myself. (Hint: It has nothing to do with gold, precious metals or cryptos.)

Click here to see this urgent video message now.

The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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