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1. Gold has traded between $1,500 and $1,515 so far today…as of 7:00 am Pacific, bullion is up $6 an ounce at $1,510…despite yesterday’s sharp pullback, overall trading in Gold continues to point toward another price breakout in the not-too-distance future – the same with Silver which is up 5 cents at $17.93…Nickel has eased off several pennies to $7.88 while Copper, Zinc and Cobalt are all relatively unchanged at $2.60, $1.06 and $17.01, respectively…Cobalt prices have climbed more than 40% since their lows in July…Crude Oil is 66 cents lower at $55.83, extending losses from the previous 2 sessions, as Saudi Arabia quickly regains production volumes after an attack on its Oil facilities and amid increasing signs of slowing demand…the U.S. Dollar Index has retreated more than a tenth of a point to 98.89…several Federal Reserve members will be making speeches throughout the day, including St. Louis Fed President James Bullard…U.S. business investment declined at a more than expected 1.0% annualized rate last quarter, the government reported this morning in its 3rd reading of 2nd quarter GDP…that was the steepest decline since the 4th quarter of 2015…GDP increased at an unrevised 2.0% rate in the 2nd quarter as the strongest consumer spending in 4-and-a-half years offset weak exports and a slower pace of inventory investment…for the 1st half of the year, GDP growth was a solid 2.6%…
2. McDonald’s (MCD, NYSE) is preparing to launch a Beyond Meat (BYND, NASDAQ) sandwich and it will conduct its first global test of the landmark offering in a patch of cities and towns in Southwestern Ontario…the 12-week test will start next Monday at 28 restaurants in the region…the item will appear on those menus as the P.L.T, which stands for plant, lettuce and tomato…the burger will sell for $6.49 CDN (plus tax)…“This test allows us to learn more about real-world implications of serving the P.L.T., including customer demand and impact on restaurant operations,” stated Ann Wahlgren, McDonald’s vice president of global menu strategy…shares of Beyond Meat are up sharply in early trading today…meat substitutes from Beyond Meat and Impossible Foods have soared in popularity this year, as more U.S. restaurant chains, like Red Robin and Dunkin’, add them to their menus…Burger King, which is owned by Restaurant Brands International, recently launched a version of its Whopper made with the Impossible burger nationwide…
3. Brazil’s Vale (VALE, NYSE) has started working on resuming operations at its $3 billion Onça Puma Nickel mining complex after the country’s Supreme Court suspended injunctions against the miner earlier this month…mining at Onça Puma, in Brazil’s northern Pará state, has been halted since September 2017 as Vale failed to undergo a requested environmental impact on local indigenous communities (Brazil holds nearly 13% of the world’s Nickel reserves and Onça Puma’s laterite deposit accounts for about 11% of Vale’s Nickel production)…the complex, which also had to suspend Nickel processing in June this year, produced a record 7,100 tonnes of Nickel in the 3rd quarter of 2017, up 29% compared with the prior 3-month period, Vale said at the time…the world’s largest Nickel producer has been in disagreement with the Xikrin and Kayapó tribes since 2012 when the Federal Prosecution Office (MPF) started a public civil action against Vale and the state of Pará…the authority contended that operations at the Nickel complex had contaminated the nearby Cateté River and that the state should not have granted Vale licences for the mine…the Nickel sector is becoming a two-tiered market, with a weaker outlook for materials bound for the stainless steel industry and robust demand growth in the EV sector that will support prices, according to Goldman Sachs…
4. VSBLTY Groupe Technologies (VSBY, CSE), a niche player in the development of machine learning and artificial intelligence, continue to cozy up with multi-billion dollar entities as channel partners…this morning, VSBY announced that it has signed an exclusive global reseller agreement with Sensormatic Solutions, the leading global retail solutions portfolio of industry giant Johnson Controls (JCI, NYSE)…in announcing the agreement, VSBLTY Co-founder and CEO Jay Hutton said, “Retail is changing at an accelerated rate. Digital technology is being leveraged to enhance the shopper journey while multiple methodologies are being deployed to measure and maximize retail intelligence for both retailers and major consumer brands…Hutton added, “With its standard of excellence in retail technology innovation and global reach, Sensormatic is an ideal partner for VSBLTY. Sensormatic shares the VSBLTY vision to engage the shopper by delivering targeted content for a truly omni-connected and omni-channel store that produces both high impact advertising as well as advance shopper insights…Sensormatic Solutions Head of Strategy Amin Shahidi stated, “VSBLTY is an important piece of our strategy as retailers increasingly rely on in-store video analytics to not only understand and directly support the shopper journey but also to provide another layer of context-based security and loss prevention”…
5. North American equity markets are flat in early trading…the Dow is off 4 points, the TSX is 7 points lower while the Venture is unchanged at 579…high-grade Gold assays have given MacDonald Mines (BMK, TSX-V) another boost…BMK is the Venture’s early volume leader, up 3.5 cents at 16.5 cents…drill hole SM-19–001 at the company’s Scadding deposit near Sudbury returned 52 g/t Au over 12.3 m, including 210.2 g/t over 3 m…2 other zones were also intersected (5.7 g/t over 5.5 m, and 11.1 g/t over 7.3 m)…each zone is composed of iron-rich chlorite with variable disseminated sulphides and locally abundant specks of visible Gold…the hole was drilled within the footprint of historic mineralization, which makes the results less exciting and significant; however, grades exceeded the historical results reported in all nearby holes…the company believes that drilling H-sized core, much larger in size than the BQ or the BTW core drilled by the previous operators, may account for the increased probability of intersecting zones of coarse Gold that is characteristic of the high-grade zones of the Scadding deposit…MacDonald’s reinterpretation of the geological model at Scadding and the broader SPJ Property indicates that it could host a Gold-rich iron-oxide-Copper-Gold deposit and that significant Gold structures may have been missed by previous operators’ drilling campaigns between 2009 and 2011…in the Eskay Camp, Crystal Lake Mining (CLM, TSX-V) has closed the final tranche of a $1.5 million hard dollar financing at 30 cents…Skeena Resources (SKE, TSX-V), up a penny at 47.5 cents, continues to approach a new 2019 high as the drills turn at Eskay Creek…results released earlier this week included 27.4 g/t Au and 18 g/t Ag over 9.4 m…
6. The Toronto Stock Exchange has unveiled the inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a 3-year period based on dividend-adjusted share price appreciation…the list of 2019 winners features both newer and established listed companies across a wide range of sectors and the TSX says this new initiative “serves to highlight the power and diversity of investment opportunities in Canada’s world class marketplace”…Loui Anastasopoulos, TMX Group’s President of Capital Formation, stated, “We are extremely proud to present the TSX30, a new recognition program featuring some of the most compelling success stories among our listed issuers, including companies operating in traditional areas of strength like natural resources and also in newly defined sectors like clean tech and cannabis. TSX listed companies play a vital role in Canada’s capital markets and as we continue to evolve into a global leader, TSX remains committed to our work in support of this crucial ecosystem. Today, we congratulate the companies included in the inaugural TSX30 for all of their achievements and look forward to continuing to serve them along each stage of their growth path into the future”…the TSX30 features multiple resource companies including Kirkland Lake Gold (KL, TSX), Ivanhoe Mines (IVN, TSX), North American Palladium (PDL, TSX), Gran Colombia Gold (GCM, TSX), Wesdome Gold (WDO, TSX), Anglo Pacific (APY, TSX) and Trilogy Metals (TMQ, TSX)…
7. Today’s radical left will hate this but the United States remains the country with the highest number of “ultra high net worth” (UHNW) residents, defined as those with a net worth of $30 million or more, in the world (Democrats want to “tax the hell” out of these wealth creators)…that’s according to data firm Wealth-X which has released its 7th edition of the “World Ultra Wealth Report”…the U.S. is home to 81,340 UHNW individuals, accounting for 31% of the global ultra wealthy population…that’s more than the next 5 countries combined, including 2nd-ranked China, 3rd-ranked Japan and 4th-ranked Germany…in addition, one of America’s biggest cities, New York, regained its status as the world’s richest city, which was held by Hong Kong last year…Canada sits in 5th spot overall with 10,395 UHNW residents but that’s a disturbing drop of 8.8% over the past year…wonder why?…
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Yeah you would have to be “ultra radical left” to has an issue the way wealth is distributed. I guess it must be god’s will huh?
Comment by mike — September 26, 2019 @ 8:13 am
https://investor.vsblty.net/revenue-strategy-explained/
Comment by BCCOASTAL — September 26, 2019 @ 8:48 am
Just saw the financials for Garibaldi – cashed up extremely well as we are approaching the end of the this drill season in the next 4-6 months. Would you prefer to see a small PP at levels a bit higher than this or just simply wait for next drill season? Just trying to understand what you think would be best?
Comment by jean — September 27, 2019 @ 7:07 am
50-day moving average on the daily now at $1.69 for GGI – hoping the uptrend can continue – really want to see more holes and how market reacts. Too bad GTT/CLM haven’t been doing as well…
Comment by Nick — September 27, 2019 @ 10:05 am