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December 2, 2024

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In this video from StockCharts TV, Julius takes a deep dive into US sector rotation, breaking it down into offensive, defensive and cyclical sectors. He first looks at the relative rotations that are shaping up inside the group, assessing each sector’s price chart in combination with the rotation on the Relative Rotation Graph to get a complete picture. This all culminates with the chart of SPY, which is showing a lot of strength recently. Going forward, the crucial question will be whether SPY can rally further without the participation of technology, the most important sector in the universe.

This video was originally published on November 27, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to advise that it is making highly encouraging progress via exploration programs at the Flicka Lake Gold and Copper Project, part of the four 100% owned Fry Lake sub-projects, located in Ontario, Canada.

HIGHLIGHTS

  • Since acquisition Red Mountain has rapidly advanced the Flicka Lake Project from study phase to delivering highly anomalous gold and copper assay results in a promising new area
  • At the Flicka Lake Gold zone, previous channel samples included 9.96 g/t Au and 12.96 g/t Au while grab samples included 17.88 g/t, 7.38 g/t and 20.07 g/t of Au
  • Due Diligence sampling at the Flicka Zone reported Vein #2 with values of 24.2 g/t Au and 19.4 g/t Au and Vein #3 returned a peak value of 9.35 g/t Au
  • Reconnaissance soil sampling reported exceptionally high gold from two areas:
    • 17.8 g/t Au, 6.32 g/t Au and 1.11 g/t Au returned for three soil samples from the north of the project area
    • 0.816 g/t Au returned for a single sample sample taken from northwest of existing claims
  • Results suggest potential for concealed high grade vein-hosted gold mineralisation similar to that seen at the Flicka Zone
  • Polymetallic copper-rich soil anomalies with values of up to 2,420ppm Cu indicate the potential of Flicka Lake for volcanic-hosted base metal sulphide mineralisation, particularly in the northern part of the tenement
  • RMX continues to investigate these anomalous gold and base metal results at Flicka Lake as well as investigating the mineralisation potential across the other three sub project areas that make up the Fry Lake Project
  • Portfolio has recently expanded in Tier-One Jurisdictions with complementary Gold (WA) and Antimony (NSW) assets secured in a low-cost approach

The Company is now conducting deeper investigations across all four projects into historical exploration, building databases, reinterpreting historical and new results, and designing further work programs to test the multiple, prospective contextualized targets.

The Company’s exploration efforts over the last five months have developed from basic target generation to revealing new areas of mineralization. This has also included efforts to unlock additional areas of mineralisation based on these new and historical results.

In recent months, the Company has achieved a considerable amount, including:

1) In early July RMX identified of key structural targets across the region of underdeveloped Meen- Dempster Greenstone Belt which lies adjacent to the more developed Pickle Lake Greenstone Belt, host to numerous gold deposits. It pegged four clusters of claims covering 37.9km2, namely the Flicka Lake, Relyea Porphyry, Fry Lake Stock and the Fry-McVean Shear. The four projects are based on structural targets, reported alteration, proximity to banded iron, reported gold occurrences and porphyry intrusions, all key elements. (Refer ASX announcement: 2 July 2024)

2) In mid-July, key targets within the Flicka Lake claims were discriminated and a sampling program designed around these key elements. The targeting focused on the mapped faults, shear zones, reported areas of basement alteration and extensions of know zones of interest Identified by past explorers. (Refer ASX announcement: 22 July 2024)

3) In Late July, RMX appointed local geological specialist contractors, Fladgate Exploration Consulting Corporation, to conduct the maiden sampling program which involve a series of 100m spaced traverses along the target areas collecting rock chip and soil samples at regular intervals, with bias to areas of alteration or visible mineralisation. Included in the program was due diligence sampling of the Flick Lake gold bearing quartz veins. (Refer ASX announcement: 31 July 2024)

4) Late August Red Mountain mobilised to site and collected 283 soil and 91 rock samples across the target areas including the due diligence sampling. The samples were analysed by AGAT laboratories in Thunder Bay by Fire assay for gold and Aqua Regia (soils) and four acid digest (rock) base metal suite. (Refer ASX announcement: 28 August 2024)

5) In early November initial results were announced from the 91-rock chip samples. The due diligence rock samples validated the Flicka Zone gold endowed vein system with Vein #2 returning 24.2g/t and 19.4g/t Au while Vein#3 returned a peak value of 9.35g/t Au. These results confirmed the high- grade nature of the gold mineralisation in the area. A rock sample of a pyrite vein 800m WSW of the Flicka Zone and along strike of the main ENE shear produced a 0.514g/t Au highlighted the potential for an extension of the mineralised system. (Refer ASX announcement: 6 November 2024)

6) In Mid-November the soil sample results highlighted two new areas of mineralisation. In the north of the project area three samples with 800m returned 17.8g/t, 6.32g/t and 1.11g/t Au, also locally within the area anomalous copper up to 2,420ppm was identified in the soils. In the northwest of the tenement a soil sample returned 0.816g/t Au, highlighted another area for gold mineralisation. (Refer ASX announcement: 19 November 2024)

Following the considerable success of exploration activities to date, the Company is in the process of designing a follow-up program to target these anomalous soil and rock areas with high density rock and soil samples of sufficient density to define potential drill targets.

Click here for the full ASX Release

This post appeared first on investingnews.com

Sectarian violence has killed at least 130 people and wounded 200 others in Pakistan’s northwest in the last 10 days, officials said Sunday.

Violence flared in Kurram district on November 21 when gunmen ambushed a vehicle convoy and killed 52 people, mostly Shiite Muslims. Nobody claimed responsibility for the assault, which triggered retaliatory firing and arson by rival groups in several areas.

Over the past 24 hours alone, 14 people have died and 27 have been injured in fighting. Government officials brokered a seven-day ceasefire on November 24 but it didn’t hold.

Shiite Muslims dominate parts of the district, although they are a minority in the rest of the country. They generally live peacefully alongside Sunni Muslims, who are the majority in Pakistan.

But dozens from both sides have been killed in Kurram since July, when a land dispute turned into general sectarian violence.

The deputy commissioner of Kurram, Javed Ullah Mehsud, said talks were underway with tribal elders to negotiate a ceasefire and that security personnel had been deployed to enforce the peace.

Mehsud also said that authorities have restored internet and mobile services in the area.

But the main highway linking the city of Parachinar with the provincial capital Peshawar remains closed to all traffic, leading to shortages of food, fuel and medicine. Trade and movement at the Kharlachi border with Afghanistan has stopped.

Kurram elder Mir Afzal Khan said the violence had affected all aspects of life. People were unable to travel and the scarcity of food and medicine was causing significant hardship, he added.

Kurram is in Khyber Pakhtunkhwa province, where armed groups like the Pakistani Taliban operate. The Pakistani army said Sunday that eight militants had died in separate operations in the province.

This post appeared first on cnn.com

Days of protests have rocked Georgia following the government’s controversial decision to delay the former Soviet country’s bid to join the European Union.

Tensions have been brewing for months in the South Caucasus nation of 3.7 million people, where critics accuse the ruling Georgian Dream party of following increasingly authoritarian, pro-Russia policies in a turn away from the West that has tempered hopes for Georgia’s long-promised path to EU membership.

The protests have been met with a violent police crackdown as the ruling party and thousands of protesters become locked in a deepening battle over the country’s future and whether Georgia should forge closer ties with Russia or Europe.

Here’s what you need to know.

What sparked the protests?

Tensions intensified in late October when Georgian Dream claimed victory in a contested election that was widely seen as a referendum on joining the EU.

Georgia, which gained independence from the Soviet Union in 1991, has for years pursued EU membership, with the goal of joining the bloc written into its constitution.

Most Georgians support the policy, polls consistently show, and it appeared to be on track last year when the country gained EU candidate status.

But on November 28, the government signaled a pivot away from Europe in a move which sparked widespread anger.

Prime Minister Irakli Kobakhidze said Georgia would suspend EU accession talks for four years after the European Parliament rejected the country’s election results, citing alleged irregularities.

The Georgian Dream governing bloc accused the EU of using the prospect of accession talks to “blackmail” Georgia, and to “organize a revolution in the country.”

“We have decided not to put the issue of opening negotiations with the European Union on the agenda until the end of 2028,” it said. “Also, we refuse any budgetary grant from the European Union until the end of 2028.”

What’s happening at the protests?

The government’s move brought thousands of pro-European Georgians to the streets of the capital Tbilisi, where they have rallied for consecutive nights despite a violent police backlash.

Reuters videos show protesters waving Georgian and EU flags and chanting “Russian slaves” at police officers guarding the parliament building. Police fired water cannons and tear gas at protesters, while men wearing balaclavas were seen running into the crowds and beating individuals.

The protests have spread beyond the capital, with Georgian media reporting demonstrations in at least eight cities and towns, according to Reuters.

Opposition TV channel Formula showed people in the central town of Khashuri throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Demonstrators also blocked an access road to the country’s main commercial port in the Black Sea city of Poti, according to Georgian news agency Interpress.

More than 100 people have been arrested, according to Georgian officials, who claimed protesters threw stones and glass bottles at law enforcement. Dozens of people have also been hospitalized.

Residents have remarked on the forcefulness of the police response, which has been widely condemned internationally.

Salome Zourabichvili, the country’s pro-Western president whose powers are mostly ceremonial, claimed that police “targeted journalists and political leaders.”

She lambasted what she called “brutal and disproportionate attacks on the Georgian people and media, reminiscent of Russian-style repression” at the protests.

How did Georgia get here?

Nearly 80% of Georgians support European integration, according to a poll in December last year by the US non-profit National Democratic Institute.

Many Georgians also feel a deep hostility towards Russia, which invaded Georgia in 2008 and today occupies about 20% of its internationally recognized territories.

Since Russia invaded Ukraine in February 2022, thousands of Russians – especially men of service age – have fled to Georgia to avoid conscription, tearing at the country’s social fabric as many Georgians express fears of creeping Russification.

Georgian Dream, founded by a billionaire who made his fortune in Russia, has taken a sharp authoritarian turn in recent years. Earlier this year, it pushed through a new Russian-style “foreign agent” law that allows the government to clamp down on watchdogs, alarming the EU, the US, and its political opponents within Georgia.

Experts have warned the suspension of EU talks is another sign the country is going down an undemocratic path under Georgian Dream.

She said she fears Georgia is “becoming a state that is non-democratic, unfree, where liberties are not respected.”

How have the EU and US reacted?

The United States and the EU have criticized what they see as growing authoritarianism in Georgia and the aggressive response to protesters by police.

The US State Department condemned “the excessive use of force by police against Georgians” and said it was suspending the US-Georgia Strategic Partnership due to “anti-democratic actions” by the ruling party.

“We reiterate our call to the Georgian government to return to its Euro-Atlantic path, transparently investigate all parliamentary election irregularities, and repeal anti-democratic laws that limit freedoms of assembly and expression,” spokesperson Matthew Miller said in a statement.

EU foreign policy chief Kaja Kallas said the bloc stands “with the Georgian people and their choice for a European future,” in a post on social media.

“We condemn the violence against protesters & regret signals from ruling party not to pursue Georgia’s path to EU and democratic backsliding of the country,” she said. “This will have direct consequences from EU side.”

How has Georgia responded?

Prime Minister Kobakhidze dismissed the US criticism and said police had “successfully protected the state from another attempt to violate the constitutional order,” according to Reuters.

Georgian Dream has also denied it is linked to Russia.

Kobakhidze has insisted the party remains committed to Georgia’s EU bid and is only pushing back on “blackmail and manipulation” by EU politicians.

But the West has become skeptical of the party’s intentions.

So too have hundreds of Georgian diplomats and civil servants, who have signed open letters calling the delay of EU talks unlawful.

Russian President Vladimir Putin is yet to comment on the situation in Georgia.

But Dmitry Medvedev, a former Russian president prone to hyperbole who currently sits on the Security Council of Russia, described events in Georgia as an attempted revolution warning on Telegram that the country was “moving rapidly along the Ukrainian path, into the dark abyss. Usually this sort of thing ends very badly.”

This post appeared first on cnn.com

Australian police seized the country’s largest haul of cocaine aboard a fishing boat that had broken down near the coast of Queensland, arresting 13 people alleged to be part of a drug-smuggling syndicate.

Authorities tracked a recreational fishing boat as it traveled out to sea where it allegedly met a mothership in international waters to fetch the cocaine – some 2.34 metric tons with a street value of nearly half a billion dollars.

The boat suffered a suspected mechanical breakdown, leaving the alleged traffickers stranded 18 kilometers (11 miles) off the northeastern tip of K’gari island, formerly known as Fraser Island, on Saturday.

Police seized their chance to board the boat, arresting two men at sea in a joint investigation between federal and local forces. Another 11 were arrested on shore, including two juveniles.

The arrests include the Brisbane vice president of the Comanchero Outlaw Motorcycle Gang, which is accused of engaging in violence, extortion and trafficking, police said.

All the suspects are accused of being part of a criminal syndicate and have been charged with conspiracy to import a commercial quantity of drugs. The maximum penalty is life imprisonment.

Police said the haul was the equivalent to 11.7 million individual street deals.

“We know that criminals go to extreme lengths, and often risk their own lives, to smuggle drugs into Australia with no regard to the harm they cause to Australian communities,” Commander Stephen Jay said.

“This alleged attempt to collect more than 2 tons of cocaine from the ocean shows that criminals will do anything for their own greed and profit.”

The police operation began in November following a tip-off that the Comanchero biker gang was allegedly planning to bring the drugs into the country.

Australian police have warned in recent years that international drugs cartels are increasingly targeting the country, where a surge in cocaine use combined with some of the highest street prices in the world has fueled a lucrative illicit market.

Last week, six so-called “narco subs” stuffed with cocaine were captured in a Colombian-led international anti-drug operation. Among the haul was 225 metric tons of cocaine, 5 tons of which was found aboard a semi-submersible vessel plying a marine trafficking route from Colombia to Australia, according to the Colombian Navy.

This post appeared first on cnn.com

A bear that ran amok in a supermarket in northern Japan has been caught two days after it attacked a worker, the latest in a surge of encounters between bears and people in the country.

The bear wandered into the store in Akita City on Saturday and attacked a 47-year-old employee, who sustained a minor head injury, police said.

It was two more days before authorities were able to trap the animal – and in that time it ransacked the meat section and damaged some shelves, police said, citing the store manager.

Bear attacks are becoming a growing headache for the country, especially in northern Japan, where mountain ranges and lush bush provide an ideal habitat.

But climate change is interfering with flowering and pollination schedules, disrupting bears’ traditional sources of food, forcing them to venture out to urban areas in search of sustenance, some experts have suggested.

The bear, believed to be 1-meter (3 feet) long, remained in the store after attacking the worker, so authorities sent a drone inside on Sunday to find it, public broadcaster NHK reported.

Outside, police officers in protective gear and holding shields entered the supermarket from an entrance covered by a piece of plastic, according to local media footage.

The bear was later found in the storage area, so workers set up a box trap, with honey and apples to attract the interloper. The bear was caught on Monday.

The number of bear attacks in the prefecture was higher than usual this year after hitting a record last year, the spokesperson said.

Japan also recorded the highest number of injuries or property damage as a result of bear attacks in the fiscal year that ended in March, according to NHK.

This post appeared first on cnn.com

There’s a name for that feeling you get after spending too long scrolling aimlessly, and Oxford University Press (OUP) has chosen it as its word for the year for 2024.

“Brain rot” took the title in a vote in which more than 37,000 people participated, as well as public commentary and analysis of OUP’s language data.

In a statement released Monday, OUP, which publishes the Oxford English Dictionary, defined “brain rot” as “the supposed deterioration of a person’s mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging.”

While the use of “brain rot” rose 230% this year, it actually first appeared more than a century ago.

According to OUP, it was first used by author Henry David Thoreau in his book “Walden” as he criticised society’s tendency to devalue complicated ideas in favour of simple ones.

“While England endeavours to cure the potato rot,” wrote Thoreau, “will not any endeavour to cure the brain-rot – which prevails so much more widely and fatally?”

All these years later, it seems brain rot is well and truly established.

The term has gained traction over the past year, however, especially as worries grow about the impact of over-consuming low-quality content online.

Earlier this year, a behavioral healthcare provider in the United States began offering treatment for brain rot, describing it as a condition of “mental fogginess, lethargy, reduced attention span, and cognitive decline.”

The healthcare company cited doomscrolling and social media addiction as examples of brain rot behavior, which could be prevented by setting limits on screen time or doing a digital detox.

“’Brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time,” said Casper Grathwohl, president of Oxford Languages, in Monday’s announcement.

“I also find it fascinating that the word ‘brain rot’ has been adopted by Gen Z and Gen Alpha… These communities have amplified the expression through social media channels, the very place said to cause ‘brain rot,’” he added.

“It demonstrates a somewhat cheeky self-awareness in the younger generations about the harmful impact of the social media that they’ve inherited.”

The word beat out five other shortlisted contenders, which included “lore,” meaning a body of (supposed) facts, background information and anecdotes required to fully understand something; “romantasy,” a portmanteau for literature combining elements of romantic fiction and fantasy; and “slop,” which refers to low-quality content generated by artificial intelligence.

“Demure,” a word that went viral over the summer following a popular TikTok video, was also shortlisted. The word, which means being reserved in appearance or behavior, had already been named word of the year by Dictionary.com last week.

Last year, Oxford chose “rizz” as its word of 2023. Derived from the word charisma, it refers to a person’s ability to attract a romantic partner.

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.