‘Uncharted waters’ is perhaps the best characterization of the environment we’re currently in as the biggest bank failure in nearly 15 years rattles the global economic landscape. Markets are now sizing up the potential fallout from the collapse of Silicon Valley Bank (and Signature Bank). To help settle rattled nerves, and to prevent an all-out […]
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Posted inExploration and Development
A Feb. 6 Highballer Roundup featuring Patriot (PMET), Apollo (APGO), Teuton (TUO), and Forum (FMC)
Gold: What initially looked like the early stages of an assault on last April’s highs ended in a freefall back below $1900. After eight consecutive weeks of steady accumulation, this correction might represent a healthy pause before the next leg higher. And there might be enough gravitation pull to yank the metal back into the $1825 […]
Posted inExploration and Development
Patriot (PMET) knocks it out of the park triggering a trading frenzy – also Apollo (APGO), Defense (DEFN), Prime (PRYM), and Northern Superior (SUP)
Not to downplay Gold’s recent trading action—a Golden Cross and subsequent trajectory that saw $1900 fall—but the headline event in the junior exploration arena is Patriot Battery Metals’ spectacular run. Included in the frenzy are a host of strategically positioned explorecos in proximity to the Patriot’s flagship Corvette Project in the James Bay region of Quebec. After […]
Posted inExploration and Development
A Jan. 10, 2023 Highballer Roundup featuring Forum (FMC.V), Apollo (APGO.V), Patriot (PMET.V), i-80 (IAU.TO), Paycore (CORE.V), and Red Pine (RPX.V)
As we wade into the uncharted waters of this new year, it’s beginning to look like the $1825 level in Gold, once taut resistance, is now in the rearview mirror. The metal is currently doing battle with the $1875 price level. An assault on higher ground at $1900 might be in the cards short term. […]
Posted inExploration and Development
An eye on undervalued resource plays amidst broader market carnage – Defense Metals (DEFN.V), Patriot Battery Metals (PMET.V), Apollo Silver (APGO.V), and Teuton Resources (TUO.V)
Trading activity in the broader markets has everyone on edge. The S&P 500 index is currently testing its mid-June lows. A decisive break below this level could usher in further carnage, with many analysts in the bear-camp calling for a protracted downward spiral. Dow Theory Sell Signal Triggered I’ve stressed the significance of the 200-period […]
Posted inExploration and Development
A Midsummer Highballer Update Part 2 – Apollo Silver (APGO.V), Forum Energy Metals (FMC.V), Teuton Resources (TUO.V), Optimum Ventures (OPV.V), Patriot Battery Metals (PMET.V), and a new name
At Jackson Hole late last week, Fed chair Jerome Powell stated that the U.S. economy would need tight monetary policy “for some time” before inflation is reined in. Translation: expect more Fed bullying tactics, which means slower growth, a weaker job market, and “some pain” for many Americans. The duration of the Fed’s aggressive rate […]
Posted inExploration and Development
Catching up with Apollo Silver (APGO.V) and Forum Energy Metals (FMC.V)
To say that the market has been exacting a certain toll on the junior exploration arena would be a colossal understatement. Even the highest quality asset-rich entities are being stripped down to levels that defy logic. This current environment reminds me of the junior sector at the beginning of the previous bull run earlier this […]
Posted inSilver
Apollo Silver (APGO.V) and Forum Energy Metals (FMC.V) – A Highballer Update
There’s been some rather extreme volatility and negative sentiment at play where global markets are concerned. With sentiment in the gutter and stocks getting hammered across the board, some market analysts believe we’re near a bottom and are trotting out the C Word – Capitulation. I suppose it makes sense in certain respects. But in […]
Posted inSilver
Updating Apollo Silver (APGO.V) and Patriot Battery Metals (PMET.V)
The volatility rages on across all market sectors (Gold and Silver are off nearly 3% as I edit this piece). With the Fed set to deliver a half-point rate increase after their two-day meeting on the 3rd and 4th, expect that volatility to continue and perhaps ramp up even further. The next five days of […]
Posted inExploration and Development
Apollo (APGO.V) mobilizes a drill rig to Calico – Forum (FMC.V) tables plans for its Nunavut Uranium Project
Two companies on my list offered updates in recent sessions. This article includes some interesting details from notes taken during conversations with Apollo Silver’s CEO, Tom PereGoodoff, and Forum Energy Metal’s CEO, Rick Mazur. We’ll start with Apollo. Apollo Silver (APGO.V) – (APGOF.OTC) – (6ZF0.FRA) 164.96 million shares outstanding $97.33M market cap based on its […]