O3 Mining Takeover

On 12/12,  Agnico Eagle Mines made an offer to takeover our O3 Mining. This selection was recommended and published on 11/2/24 for all Benchmark members.

Takeover details are here.

That's a 53% gain in less than 6 weeks. Congratulations to all who participated!

12/13/24

Resource Related: The Future of Uranium discussed here.

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Attention Benchmark Members

The Old Prospector wishes to remind Benchmark members that most have overlooked his November presentations.

These include:

• The Old Prospectors Intelligence area (OPIN) where  XAU trends from 11/12 were discussed plus several other items.
• In Resource Stock Candidates area, four new candidates have been selected with a FS upcoming or updated. These selections depend on positive new trends developing.
• In the Key Ratio area, a silver quarterly MPO chart is included. 

Email announcements on postings have been discontinued. If you need a reminder link to these areas, please advise right away.

Am sure you wouldn't want to lose his presentations, comments or links to these "buried" treasures. "If you build it, he will come".

12/4/24

S&P 500 – False Flags of Failure

 "When there is no fear of risk, the risk of failure now has foundation" 

~ Trader Garrett

Once again we have numerous calls for a major bear market or crash in the S&P 500. These prophetic false flags of failure have been going on now for several years as noted here without any profit being realized.

Admittedly it is overvalued in several key metrics. Indeed, there are record highs in various ratios including PE, P/B, P/S and other standard indicators of performance.

However, the technical trends in the S&P500 or in broader markets do not agree including 9000+ stocks.

For example, the overall results are as follows:

• 67.2% of stocks are over their 200 day MA
• 62.9% of stocks are over their 50 day MA

Effectively, this is little changed from last July.

While fundamental measurements are extraordinarily high, all primary technical trends are still in a positive posture for the S&P500, DJI and URTH (world index).

In Summary

No one knows when a bear market will begin or if a crash will occur. While I have my suspicions, I don’t know either. 

All of us do know that overvaluation trends are unhealthy, unsustainable and unlikely to last. However, there is little technical evidence of a bear market without a minimum weekly downtrend being present. A monthly downtrend would be confirmation. Meanwhile, all primary trends are still positive. 

Avoid false prophets of profits.

Invest wisely.

12/9/24

Related: S&P500 + Other Weekly Trade Charts here

Antimony - A Critical Mineral

The Benchmark Firepower BOT system (which literally uses only one indicator), has once again demonstrated its value.

China recently banned the export of Antimony along with some other critical minerals as explained here.

Our UAMY, which deals in antimony, accelerated its continuing weekly uptrend which began last May. Note there were two daily entry areas within this weekly uptrend to add to positions. Outstanding profits as well.

Click chart to enlarge

Benchmark Firepower benefits & charts are outlined here.

Game Changing Technology Benefits - EV + Silver

In August, Samsung introduced a game changing battery technology that benefits both electric vehicles and silver. Details are here. 

It needs economies of scale to be reasonably priced for regular EV cars in time.

However, "the firm has signed an agreement with Toyota to begin mass production of Solid State batteries in 2027, with Lexus vehicles scheduled to be among the first to integrate the new technology."

Benchmark Outlook

Improvements in battery life and safety at all levels will gain momentum over the next few years and bears watching. The Silver Zinc battery is an example.

Silver's longer term prospects and price projections for 2025 and beyond are now greatly improved with this development. 

In addition, silver above ground supply overhang and recycle inventory are coming down big time, according to a very respected silver analyst. This also supports Benchmark's Firepower price and trend projections.

11/12/24

Trader Dan Norcini - Commodity Q&A

 Question: Is the Trading Economics world food price link valid?

Answer: I have seen that same index in the past and honestly do not know how accurate it is. My guess is that even the bumbling dolts at the UN can get a couple of things correct however. 

Question: What influences worldwide commodity prices?

Answer: Most of the commodity prices worldwide tend to rise and fall together since the global economy tends to see food grown in one region of the world, rise as demand shifts from a rise in price for the same commodity in another part of the world. That tends to push demand into the lower priced commodity since so much of the global economy is intertwined, causing it to rise in price as well. Same goes in reverse when prices are falling.

Question: Do have any specific examples?

Answer: Wheat is grown in so many countries around the world that its global price rises and falls together in all the countries that grow it. For example, if US wheat prices move higher, demand will shift to Australian wheat or Canadian wheat. Wheat grown in the Ukraine region will then tend to rise as demand shifts towards there. The war over there has messed with this normal response at times but generally what I described above happens pretty consistently.

Same goes with soybeans…if Brazilian beans get too high priced, demand will come back to the US and that pushes our bean prices higher.

Question: What are the best commodity indexes to follow?

Answer: The best commodity index was the old CCI that the Nymex kept up. They discontinued to it however.

Now most folks reference the Goldman Sachs Commodity Index (GSCI) or the Dow Jones/UBS commodity index. I think the latter is also the Bloomberg index but not for sure.

More Dan Norcini insights here

11/9/24

Amazing But True

In ancient times, they took a cup of water from the river, put a pure gold nugget in the water to kill the bacteria and drank the water.

"Cleopatra famously used pure gold as a face mask to keep her skin youthful. During the Roman era, gold was made into a salve and used to treat various skin diseases and infections." 

Silver does the about the same thing. On the Oregon Trail and others, pioneers always had silver coins in their water buckets.

Wearing 24 carat gold is actually very healthy thing for your body as well. It relieves arthritic symptoms, reduces soreness or infections, regulates body temperature which improves the immune system, helps skin care and improves mood.

Currently, "Gold Nanoparticles (AuNPs) are a powerful addition to the range of techniques available for virus testing and control" as explained here. Silver nanoparticles have potential "use as antiviral therapeutics against pathogenic viruses" as demonstrated here.

Amazing but true.

Related: Copper Destroys Viruses & Bacteria

Timely Insights & Charts of Interest

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Overcoming Adversity - A Genealogy Gift

Trader Garrett's Library & Resource Guide

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Library and Resource Guide includes:

Instructional Articles 
Advanced Metrics 
Predictive Perspectives
Inspirational Presentations
Humor, Satires & Parodies

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