One of the indicators that Carl Swenlin developed is the Silver Cross Index. It is one of the best participation indicators out there! Here’s how it works:
We consider a positive 20/50-day EMA crossover a “Silver Cross”. If a stock has a Silver Cross it has a bullish bias. The opposite of a Silver Cross is a Dark Cross. Stocks with a Dark Cross have a bearish bias.
The Silver Cross Index measures the percentage of stocks holding Silver Crosses. The current percentage on the Silver Cross Index is just 37% so this tells us that 63% have bearish biases. This condition suggests to us that the market has more downside to absorb.
The Silver Cross Index was nearing a Bullish Shift across its signal line, but instead has topped. It is likely to continue declining given less stocks are above their 20/50-day EMAs versus the Silver Cross Index percentage.
Participation measured by the percent of stocks above their key moving averages are all below our bullish 50% threshold. Stochastics have topped and the PMO topped Friday. The short-term rising trend has been broken. This looks like a textbook reverse flag formation that was confirmed with Friday’s decline. The minimum downside target of the pattern would put price near 480. This sure has the earmarks of a failed bear market rally.
Conclusion: The Silver Cross Index is at a very low 37% and has now topped beneath its signal line. Participation, as measured by the %Stocks > 20/50EMAs, is mediocre at best and reading below the Silver Cross Index. This looks like the end of a bear market rally based on the bear flag that was confirmed on Friday.
(Note: This chart is from our “Under the Hood” ChartList on DecisionPoint.com. We have these charts with the Silver Cross Index for all the major indexes, sectors and select industry groups. All subscriptions include access to these charts!)
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This week, we get back to earnings and, sadly, the pickings are slim.
Given these turbulent times, we have two Consumer Staples stocks to examine — Lamb Weston (LW) and Conagra (CAG). They may not be the most exciting charts, but they show clear levels of interest that are worth noting.
There’s also the highly volatile stock Restoration Hardware (RH), which is trading close to a support level. This stock can be considered a high-risk, high-reward trade.
Let’s dive in…
Lamb Weston (LW)
Lamb Weston, best known for its iconic french fries, has gone on one of the wildest rides over the last four years. After a two-year uptrend, the stock has slowly and steadily gone on a two-year downtrend, giving back all its gains.
Earnings have been quite harsh over the last four quarters. There was one gain of 2.6%, with three losses that included a -19.4%, a -28.2%, and most recently a -20.1% decline. Shares now sit 54% off of all-time highs as the company heads into Thursday’s earnings report.
Technically, there is some hope.
Shares made a full roundabout from trough to peak and back to trough again, where they were able to find some major support. The $47.50/$48 level was the original double bottom that started the rally years ago, and now, when re-tested, it held again.
The risk/reward set-up appears to favor the bulls, barring another epic post-earnings drawdown. If shares sell off, the $47.50 level should get tested and could be a good entry point. However, the path to least resistance looks higher from this level. A mean reversion back to its long-term downtrend around the declining 200-day simple moving average would be good for a 23% gain.
Overall shares continue to act rather soggy, but one little quarter could spice things up and lead to a quick and satisfying return.
Restoration Hardware (RH)
Restoration Hardware has become one of the most volatile stocks after earnings over the last year-and-a-half and is one to watch with the report on Wednesday afternoon. Shares have moved an average of +/- 17% over the last six reports with gains of 17% and 25.5% over the last two.
Since last December’s 17% jump after results, the stock has declined as much as 50% from its recent highs. One major factor is the slowdown in the housing market, influenced by rising interest rates, which has dampened demand for home furnishings.
Technically, shares reached a major support level going back four years and held. It was the fourth time in four years that shares moved towards that $210 level and held. Clearly, we have a major level of interest to watch from a risk/reward set-up.
Shares hit extreme oversold levels in its relative strength index (RSI) in early March and have finally bounced. The rally back from oversold levels and a hold of key support should favor the bulls for now.
If you were to trade this into Wednesday afternoon’s earnings, you must watch that support level carefully. It has held time and again, and this would be a great area to dip into the stock with a stop-loss for protection just below support to minimize losses. Any positive reaction could see a fast snapback rally towards the 200-day moving average, which sits 35% above current levels. A simple mean reversion could equate to a nice return, while the stock remains in its longer-term downtrend.
ConAgra (CAG)
ConAgra, the parent company of Duncan Hines, Birds Eye, and Slim Jim, has struggled after earnings, as it has fallen five of the last six times it has reported.
Technically, shares sit in the middle of a range between its 50-day and 200-day moving averages. The consumer staple has held up relatively well compared to the overall market and has only declined -4.5% year-to-date. It pays a 5.3% dividend and is considered a safer haven in these turbulent times.
The $24.50/$25 level has acted as solid support and could be a good entry point given current market uncertainty. However, the upside has overhead resistance at the 200-day moving average and the $27.50/$28 level.
Overall, this may be a nice place to hide out during turbulent times, but the overall risk/reward is marginal, at best. It may be more rewarding to eat their products than to trade the stock.
Here’s a quick recap of the crypto landscape for Wednesday (March 26) as of 9:00 p.m. UTC.
Bitcoin and Ethereum price update
Bitcoin (BTC) is currently trading at US$86,622.95, a 1.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$85,862.55 and a high of US$87,812.64.
The crypto market is under pressure following an executive order from US President Donald Trump to issue “secondary tariffs” of 25 percent on countries that purchase oil from Venezuela.
Bitcoin performance, March 26, 2025.
Chart via TradingView.
Ethereum (ETH) is priced at US$2,002.36, a 3.6 percent decrease over 24 hours. The cryptocurrency reached an intraday low of US$1.985.69 and a high of US$2,058.49.
Altcoin price update
Solana (SOL) is currently valued at US$137.76, down 5.2 percent over the past 24 hours. SOL experienced a low of US$136.39 and a high of US$144.21 on Wednesday.
XRP is trading at US$2.38, reflecting a 3.3 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.36 and a high of US$2.45.
Sui (SUI) is priced at US$2.58, showing a 4.6 percent increase over the past 24 hours. It achieved a daily low of US$2.52 and a high of US$2.64.
Cardano (ADA) is trading at US$0.7285, reflecting a 2.7 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.722, with a high of US$0.7632.
Crypto news to know
GameStop’s Bitcoin bet sparks meme stock rally
GameStop (NYSE:GME) shares surged close to 20 percent on Wednesday after the company announced plans to add Bitcoin to its treasury reserve assets, mirroring Michael Saylor’s Strategy (NASDAQ:MSTR). The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen.
Speculation around the retailer’s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop’s exposure to Bitcoin could introduce more volatility to its stock.
The company, however, has been aggressive in cutting costs, doubling its fourth quarter net income to US$131.3 million despite a 30 percent revenue drop.
Microsoft declines after data center news
Shares of crypto miners and Microsoft (NASDAQ:MSFT) closed down after TD Cowen alleged that the tech conglomerate has abandoned plans for new data centers in the US and Europe.
Share prices for Bitcoin miners, including Bitfarms (NASDAQ:BITF), CleanSpark (NASDAQ:CLSK), Core Scientific (NASDAQ:CORZ), Hut 8 (NASDAQ:HUT) and Riot Platforms (NASDAQ:RIOT), dropped between 4 and 12 percent. Microsoft closed down 1.31 percent, while daily losses for the miners fell between 7 and 12 percent.
According to Bloomberg, Google (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) have picked up some of the leases Microsoft has allegedly canceled or deferred over the last six months, although neither company has confirmed. In a statement from Microsoft obtained by the publication, the company said “significant investments” have left it “well positioned to meet (its) current and increasing customer demand.”
“While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions,” the spokesperson said. “This allows us to invest and allocate resources to growth areas for our future.”
Ethereum’s Pectra upgrade launches on testnet
Ethereum’s Pectra upgrade launched on the Hoodi testnet on Wednesday after a series of technical issues delayed the mainnet launch, which was originally slated for sometime in March.
If the launch is successful, Pectra could hit the mainnet by April 25. The Pectra upgrade aims to improve Ethereum’s scalability, staking efficiency and developer capabilities.
USDC launches in Japan
Circle launched its stablecoin, USDC, in Japan on Wednesday. The launch was made possible through a strategic partnership with SBI Holdings (TSE:8473), a Japanese financial firm.
The launch comes after Circle and SBI received regulatory approval from Japan’s Financial Services Agency (FSA) earlier this month. The FSA’s green light paved the way for the companies to introduce USDC to the Japanese market, marking a significant step in the adoption of stablecoins in the country.
Following the regulatory approval, a launch date was announced on Monday (March 24).
At the time of this writing, USDC’s market capitalization was US$60.15 billion.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
March 28, 2025 TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’), The Company is pleased to announce that it has been granted an extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025 and February 14 th 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.
The Company closed the first tranche of the placement on December 6, 2024, issuing 1,500,000 units for gross proceeds of $75,000 CAD. An officer of the Company participated for the full amount of $75,000 CAD.
USE OF PROCEEDS
The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts and as well as an area north of the Mexican shaft where significant ground preparation provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope at the Providence mine alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for several robust gold targets’.
All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.
Qualified Person
Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD
‘Ronald Coombes’
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombesresources@gmail.com
Copyright (c) 2025 TheNewswire – All rights reserved.
Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) (‘Bitcoin Well’ or the ‘Company’), the non-custodial bitcoin business on a mission to enable independence, announced today that it has established an at-the-market equity program (the ‘ATM Program’) that allows the Company to issue and sell, at its discretion, up to $5,000,000 of common shares (‘Shares’) to the public from time to time.
Distributions of the Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the ‘Distribution Agreement‘) dated March 28, 2025 between Bitcoin Well and Haywood Securities Inc. (the ‘Agent‘). All Shares sold under the ATM Program will be sold through the TSX Venture Exchange or other recognized Canadian marketplace at prevailing market prices at the time of sale. The ATM Program will be effective until the earlier of March 28, 2027 and the completion of the issuance and sale of all of the Shares issuable pursuant to the ATM Program, subject to earlier termination by Company or the Agent in accordance with the terms of the Distribution Agreement.
The ATM Program is intended to provide the Company with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company’s sole discretion. As Shares distributed under the ATM program will be sold at the prevailing market price at the time of sale, prices may vary among purchasers during the term of the ATM Program.
The Company intends to use the net proceeds from the ATM Program, if any, together with the Company’s current cash resources, to fund general corporate purposes, including ongoing operations and/or working capital requirements; to repay indebtedness outstanding from time to time; to complete future acquisitions; to fund research and development, intellectual property development; or for other corporate purposes.
The offering of Shares under the ATM Program is qualified by a prospectus supplement dated March 28, 2025 (the ‘Prospectus Supplement‘) to the short form base shelf prospectus dated March 6, 2025 (the ‘Shelf Prospectus‘). Copies of the Prospectus Supplement, the Shelf Prospectus and the Distribution Agreement are available under Bitcoin Well’s profile on the SEDAR+ website at www.sedarplus.ca. Alternatively, the Company or the Agent will send the Prospectus Supplement (including the Shelf Prospectus) upon request. Such requests may be made by sending an email to Haywood at ecm@haywood.com.
This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Shares, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr, LinkedIn, X (formerly Twitter) and YouTube to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact: Adam O’Brien Tel: 1 888 711 3866 ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook; and the intended use of proceeds from the ATM Program. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246488
The US Bureau of Economic Analysis released February personal consumption expenditures (PCE) index data on Friday (March 28). The figures show inflation increased 2.5 percent on an annualized basis in February, aligning with analyst expectations and reflecting no change from the 2.5 percent recorded in January. On a monthly basis, inflation rose by 0.3 percent, also matching January’s increase.
However, core PCE, which excludes the volatile food and energy prices, increased 2.8 percent year-over-year and 0.4 percent month-over-month. Both came in above analyst expectations of 2.7 and 0.3 percent, respectively.
The PCE is the Federal Reserve’s preferred measure for tracking inflation and will be significant when it meets next in May. Combined with recent consumer price index figures, the data indicates progress has stalled in bringing inflation to the Federal Reserve’s 2 percent target rate.
To the north, Statistics Canada released January gross domestic product (GDP) numbers on Friday. The report shows that GDP grew by 0.4 percent in January, up from a 0.3 percent increase in December.
The largest gain was observed in goods-producing industries, which rose 1.1 percent, marking the highest increase since October 2021. As for Canada’s resources, the mining, quarrying and oil and gas extraction sector increased by 1.8 percent during the first month of the year. This increase was driven by a 2.6 percent rise in the oil and gas extraction subsector. However, metal ore mining declined by 1.2 percent.
The agency also provided a brief estimate of February’s GDP numbers, as well as a look at Canada and the US’s metal manufacturing trade. Tariff threats from the United States appear to have kept numbers flat, as preliminary real GDP data is “essentially unchanged in February.” Official data for February will be released on April 30.
Markets and commodities react
In Canada, markets were in the red this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 1.2 percent during the week to close at 24,759.15 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) decreased 1.04 percent to 633.63 and the CSE Composite Index (CSE:CSECOMP) dropped 2.43 percent to 121.13.
US equity markets fell even further this week. The S&P 500 (INDEXSP:INX) lost 2.4 percent to close at 5,5680.95, the Nasdaq 100 (INDEXNASDAQ:NDX) dropped 3.79 percent to 19,281.40 and the Dow Jones Industrial Average (INDEXDJX:.DJI) shed 1.41 percent to 41,583.91.
The gold price climbed to fresh all time highs this week gaining 2.02 percent to US$3,084.48 per ounce at 5:00 p.m. EDT Friday. The silver price rose higher with a 3.29 percent increase during the period to US$34.10.
In base metals, the copper price set an all time high of US$5.32 per pound on Wednesday before finishing the week flat to close out Friday at US$5.13 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) was up 0.41 percent to close at 560.50.
Top Canadian mining stocks this week
So how did mining stocks perform against this backdrop? We break down this week’s five best-performing Canadian mining stocks below.
Stock data for this article was retrieved at 2:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.
Euro Sun Mining is a copper and gold development company focused on advancing its Rovina Valley project in Romania.
The project’s mining license received full approval for 20 years in 2018, with the option to renew it in five-year increments.
An updated feasibility study from March 2022 demonstrated the project’s economics, showing a post-tax net present value of US$512 million and an internal rate of return of 20.5 percent, assuming a base case gold price of US$1,675 per ounce and a copper price of US$3.75 per pound.
Proven and probable mineral reserve estimates for the site show contained quantities of 197,522 metric tons of copper with an average grade of 0.16 percent, along with 1.84 million ounces of gold with an average grade of 0.47 grams per metric ton (g/t) from 123.3 million metric tons of ore.
Although Euro Sun did not release news this week, shares increased alongside a rising copper price.
Rackla Metals is a gold exploration company with a significant land package covering 59,000 hectares in the Eastern Yukon and Western Northwest Territories, Canada. The firm is specifically targeting properties within the Tombstone Gold Belt, which hosts a gold system that tends to produce deposits in clusters.
Among its key projects is the Astro plutonic complex in the Northwest Territories, which is in close proximity to significant discoveries at Snowline Gold’s (TSXV:SGD,OTCQB:SNWGF) Rogue plutonic complex and Fireweed Metals’ (TSXV:FWZ,OTCQX:FWEDF) Macmillan Pass project.
Besides Astro, Rackla has been exploring its Grad property, which it initially staked in August 2024. Work at the 4,000 hectare site has focused on anomalies identified in a government regional geochemical survey. In October 2024, the company reported that grab samples from the BiTe zone yielded grades of up to 92 g/t gold in its season-end exploration update.
The company’s latest release came on Tuesday (March 24), when it announced a non-brokered private placement to raise total gross proceeds of C$2.45 million. The company intends to use proceeds to advance work at its Tombstone gold belt properties.
Tidewater Resources is focused on the production of low-carbon fuels from facilities in British Columbia, Canada.
Its sole operation is a renewable diesel and hydrogen complex located near Prince George. The project has a nameplate capacity of 3,000 barrels per day of renewable diesel and 23.7 metric tons per day of hydrogen. The plant began production during Q4 2023 using feedstock that included soybean and canola oil.
The company is expanding the site to produce sustainable aviation fuel, which it plans to start producing in 2028.
On March 6, Tidewater announced that it had advised the Canadian Border Services Agency (CBSA) to initiate an anti-subsidy and anti-dumping duty investigation into imports of renewable diesel from the US. The release indicated that the CBSA confirmed that Tidewater had provided sufficient evidence to support the allegations.
Tidewater expects that additional duties of between C$0.50 and C$0.80 will be applied to renewable diesel imports originating from the US, which would provide increased market stability for Tidewater products.
The company released its financial results for 2024 on Thursday, March 27. In the announcement, the company stated that its renewable diesel and hydrogen complex achieved an average daily throughput of 2,677 barrels per day in the fourth quarter, marking a significant increase from the 1,700 barrels per day throughput in Q4 2023.
Titan Mining is a critical mineral mining and development company focused on advancing and exploring its zinc and graphite assets in New York, US.
Its Empire State Mines (ESM) zinc operations include ESM 4, which restarted production in January 2018, along with six past-producing mines capable of supplying additional feedstock for its onsite mill.
On January 7, Titan released an updated life of mine plan for its ESM properties, which projected a 35 percent increase in production compared to its previous plan released in 2021. The new plan extends the mine’s operational life to nine years, up from seven, and anticipates the production of 636 million pounds of zinc, increased from 470 million pounds in the prior plan.
In addition to zinc, the company also owns the Kilbourne graphite deposit located 4,000 feet from the existing mill at its Empire Mines operation.
A December 2024 maiden mineral resource estimate demonstrated an open pit inferred resource of 653,000 short tons of contained graphite from 22.42 million short tons of ore with an average grade of 2.91 percent copper.
Titan’s most recent news came on March 20, when it released its full-year 2024 results. In the announcement, the company stated it had achieved the upper end of production guidance with 59.5 million pounds of payable zinc. It also reported C1 cash costs of US$0.91 per payable pound sold, which was below the guidance range of US$0.98 to US$1.02.
Supernova Metals is an exploration company with rare earth mineral claims in Newfoundland and Labrador, Canada, as well as petroleum interests in Namibia.
Its TT rare earth claims comprise two licenses spanning 825 hectares in central Labrador and are adjacent to Canada Rare Earth’s (TSXV:LL,OTC Pink:RAREF) Two Tom project. The company shared plans to begin exploration in February.
In addition to its TT Claims, the company announced on January 31 that it had successfully completed its acquisition of NamLith Resources. The purchase provides Supernova with an 8.75 percent indirect ownership interest in Block 2712A and petroleum exploration license 107 in Namibia’s offshore Orange Basin.
In a follow-up on February 6, Supernova reported that a NI51-101 technical report is being prepared for the block. The company has since added two senior strategic advisors with experience in the energy industry.
The company has not released any project updates in the past week.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many companies are listed on the TSXV?
As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.
Together the TSX and TSXV host around 40 percent of the world’s public mining companies.
How much does it cost to list on the TSXV?
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
How do you trade on the TSXV?
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
The gold price continued moving higher this week, reaching yet another record.
After trading as low as US$3,006 per ounce on Monday (March 24), the yellow metal took off midway through the week, closing at US$3,085 on Friday (March 28).
So what factors are moving gold right now?
Many experts agree that the precious metal is benefiting from long-term underlying drivers — like central bank buying — as well as recent turmoil surrounding tariffs, the US economy and global conflicts.
Tariffs were definitely in focus this week, with US President Donald Trump signing an executive order to impose 25 percent tariffs on all automobile imports starting on April 3.
Trump’s reciprocal tariffs are also set to go into effect on that day.
Anything can happen, but at this point it seems fairly certain that gold itself is unlikely to face tariffs. Here’s how Dana Samuelson of American Gold Exchange explained it:
‘My opinion is that it doesn’t make sense to tariff gold because it is a tier-one asset — it’s equivalent to a Treasury. So they’re not going to tariff Treasuries, right?
‘The commodity uses for gold are about 5 percent compared to 95 percent being a monetary metal. So I don’t think it makes sense to tariff gold.’
He added that silver, which has strong industrial applications, could face tariffs.
Copper is another story entirely — Trump previously ordered the Department of Commerce to investigate copper tariffs, and while it was supposed to provide a report within 270 days, sources now indicate it could come sooner. People familiar with the matter told Bloomberg that the investigation ‘is looking like little more than a formality,’ and the news has bolstered prices for the red metal.
Copper futures on the Comex in New York rose to an all-time high this week, although London copper prices declined, creating a larger spread between the two.
Going back to gold, the precious metal is also digesting last week’s US Federal Reserve meeting, which saw the central bank leave rates unchanged. While officials are still calling for only two cuts this year, Danielle DiMartino Booth of QI Research thinks the Fed could cut as many as four to five times in 2025.
Here’s what she said:
‘I do see the pace of layoffs and bankruptcies in the US economy as probably (putting) the Fed in a tight position going into May. We’ve got two nonfarm payroll reports before they meet on May 7, and I think that because the unemployment rate is just a rounding error shy of being at 4.2 percent, that there is a risk — a very tangible risk given, again, all of the layoffs, store closures that we’ve seen in 2025 — in economic fallout, not just in the public sector, but more so in the private sector.
‘The Fed (could) be at its 4.4 percent year-end unemployment rate target a lot sooner than it foresees, such that the president could be right here — we could be seeing quite a few more than two interest rate cuts this year. I foresee maybe four or five.’
Friday brought the release of the latest US personal consumption expenditures (PCE) price index data, and it shows that core PCE was up 0.4 percent month-on-month in February, the largest gain since January 2024. On a yearly basis, core PCE was up 2.8 percent.
Both numbers are higher than analysts’ estimates of 0.3 and 2.7 percent, respectively.
PCE is the Fed’s preferred gauge for inflation, and is expected to impact its next rate decision.
Bullet briefing — Silver squeeze 2.0?
Elsewhere in the precious metals space, silver is spending time in the spotlight as social media users plan a ‘silver squeeze 2.0’ for this coming Monday (March 31).
Many market participants will be familiar with the 2021 silver squeeze, when members of Reddit’s WallStreetBets forum tried to squeeze the market like they did for GameStop (NYSE:GME).
The movement got a lot of attention and resulted in some price movement before petering out.
This time around, the push seems to have originated on X, formerly Twitter, where it’s quickly gained traction among key players in the silver community.
Days ahead of the official squeeze, the white metal’s price is on the move. It rose to the US$34.50 per ounce level on Thursday (March 27), although it had pulled back to around US$34.10 by Friday’s close.
The activity has sparked optimism about what will unfold next week — while silver is known to be frustrating, it can also move quickly when it does break out.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
British police raided a Quaker meeting house in London on Thursday and arrested six women attending a meeting on climate change and the war in Gaza, according to a statement from Quakers UK.
“No-one has been arrested in a Quaker meeting house in living memory,” said Paul Parker, recording clerk for Quakers in Britain, according to the statement.
“This aggressive violation of our place of worship and the forceful removal of young people holding a protest group meeting clearly shows what happens when a society criminalizes protest,” Parker added.
Quakers, a nickname for members of the Religious Society of Friends, follow a religious tradition that originally grew from Protestant Christianity in the 17th century.
Quakers have a long history of supporting protest movements and non-violence is one of their core beliefs.
The first time he flew his cargo plane through the clouds over his hometown of Kabul, Tauheed Khan swelled with pride.
During the US-led, 20-year war against the Taliban, Afghan Air Force pilots played a key role alongside American counterparts, some carrying out strikes that inflicted heavy casualties on the hardline Islamists.
That coalition ended in August 2021, when foreign troops withdrew and Kabul fell to the Taliban.
Khan now finds himself in neighboring Pakistan with his young family, fearing that they could be killed if they return to an Afghanistan now under the grip of the very forces he fought against.
Worsening their plight, anti-migrant policies in both Washington and Islamabad mean time is running out to find a safe alternative, including a looming deadline at the end of this month.
The war, which began with the US invasion in 2001 following the September 11 attacks, devastated Afghanistan’s civilian population, which is still recovering.
The ousting of the Taliban by the US-led coalition led to profound changes, including a return of democracy and significant improvements for Afghanistan’s women. But war and instability raged across swathes of the nation, especially in rural areas.
Tens of thousands were killed. Civilian losses escalated to 5,183 dead in the first six months of 2021, as the US began to pull out from Afghanistan and depend further on the Afghan military. A five-year study published by the United Nations in 2021 showed that 785 children died from US and AAF airstrikes over that period.
As the US finally pulled out, the Afghan army and government collapsed, allowing Taliban fighters to sweep back into power. Afghans affiliated with the former government are “most at risk” from the new Taliban administration, according to a report published by Human Rights Watch.
HRW and the United Nations have documented “extrajudicial killings, enforced disappearances, arbitrary arrests and detention, and torture and other ill-treatment” of Afghans who were in the security forces.
‘Pilots risk everything’
Khan’s friend, 37-year-old Khapalwaka is equally terrified. A trained aviation engineer, he worked as part of the AAF’s intelligence, surveillance, and reconnaissance program. His job involved clearing out civilian areas before they were targeted by US drone strikes.
He said he was assigned the task by his superiors, something he had often protested. “I soon became a target of the local Taliban faction,” said Khapalwaka, who had to move house every “three to four months” for safety reasons, even before Kabul fell.
Now selling wood by the roadside to feed his family, Khapalwaka – who, like Khan, was speaking under a pseudonym – said he’s concerned the Taliban could reach him in Pakistan too. “I know that they have contacts here, that they could target me here if they wanted… I just want to get out of here, so my daughters have a chance to be educated.”
The Afghan Taliban denied that former pilots were at risk if they returned.
The US embassy in Islamabad did not respond to a request to comment.
Left in limbo
Khan sat in a small room of his tiny apartment in a non-descript Islamabad building. Bedspreads shrouded windows as makeshift curtains, but slivers of sunlight poked through, making harsh blotches on the faces of his small children, who slept tucked together in frayed blankets on the floor, oblivious to the sound around them.
The youngest child was awake and constantly jumping on Khan’s lap as he spoke of the life he left behind.
In the chaos that ensued after the US withdrawal, Khan got to Pakistan in March 2022. He arrived legally and on foot, following the advice of a US pilot who had been one of his trainers.
Since then, Khan said, there has been “silence.”
In the past two months, White House policy has moved in a less predictable, more anti-migrant direction under President Donald Trump, throwing into doubt the prospects for Afghans such as Khan.
Tens of thousands of Afghans have already been caught in limbo due to other Trump administration executive orders suspending the US refugee admissions program and the suspension of foreign aid funding for flights of Afghan Special Immigrant Visa (SIV) holders. According to #AfghanEvac, at least 2,000 Afghans who had previously been approved to resettle in the US are currently in limbo.
March 31 deadline for Afghans in Pakistan
And the days of Pakistan offering at least relative safety may be numbered.
Home to one of the world’s largest refugee populations – most of them from Afghanistan – Pakistan has not always welcomed the foreigners, subjecting them to hostile living conditions and threatening deportation over the years.
According to the UN refugee agency, more than 3 million Afghan refugees, including registered refugees and more than 800,000 undocumented people, are living in Pakistan.
Islamabad has been cracking down on Afghan refugees since October 2023. It had shown leniency towards Afghans awaiting settlement elsewhere, but that changed after an announcement this February that it would repatriate “Afghan nationals bound for 3rd country resettlement,” by March 31.
That deadline will arrive on the Muslim festival of Eid al-Fitr, which ends the holy month of Ramadan. It is a time of celebration, feasting and gift-giving, but for Jawad Ahmed, a former Black Hawk helicopter pilot with the AAF, it feels like “all days are melting into one”.
“I was known in my hometown as someone who worked with the US military and I was a military man myself,” said Ahmed, whose name has also been changed at his request to protect his identity.
He arrived in Pakistan legally and was in limbo for two years. He said he interviewed with US immigration officers in May of 2024 and had his medical interview on January 10 at the US embassy. Since then, like many others including Khan, Ahmad has heard nothing from any US embassy official.
Ahmed spoke of seeing Pakistani police “whisk away” his Afghan neighbors, with an increase in raids over the last two months. His children are “overwhelmed with fear and terror.”
‘Death, difficulties and horrors’
But returning to Afghanistan could be even worse, according to Ahmed. “Only death, difficulties and horrors await us there” he said.
Ahmed’s family in Afghanistan have adopted new names and identities for their safety, eking out a life in a new province.
“Nobody knows about me where they are, nobody knows that they had a son, that they had a brother, in their new world it’s as if I never existed.”
He repeatedly asks for his message to be shared with President Trump and the US government.
“You trained us, we were there for you in a difficult time, we stood shoulder to shoulder with you,” said Ahmed. “We don’t have options in Pakistan, what can we do, please for the love of God get us out of here. We don’t have a life here; we are choking with fear.”
A serving US air force pilot, who asked to remain anonymous, has been assisting Afghan pilots they served alongside.
While serving soldiers have had some success helping families escape to the US, they still “fear for” their Afghan counterparts stuck in Pakistan and other countries and have “anxiety about their current situation and their future,” the pilot said.
Abandoning former partners, according to Vandiver of #AfghanEvac, sends a “chilling message to future US allies – whether in Ukraine, Taiwan, or elsewhere – that partnering with the US is a death sentence once the war ends.”
“China, Iran, North Korea, and Russia are going to eat our lunch because of this.”
A spokesperson for the US embassy said it remains in close communication with Pakistan on the status of Afghan nationals seeking resettlement in America.
As Eid approaches, Tauheed Khan and his friendship group of 27 Afghan pilots and engineers stuck in Islamabad, dream of eating meat to end their fast, of access to education for their children, of new clothes, a better home to live in with proper beds and of a way out.
“We are scared we will be dragged out,” says Khan. “We are under too much pressure, we don’t know what’s going to happen.”
Anxious loved ones waited outside a twisted mass of metal and concrete in the heart of Thailand’s capital on Saturday as rescuers searched for dozens of missing workers and the city confronted the aftermath of a rare and powerful earthquake that set skyscrapers swaying and rattled millions of residents.
Friday’s 7.7-magnitude quake struck hundreds of miles away in impoverished Myanmar, but was strong enough to send shock waves through the forest of high-rise condominiums, shopping malls and offices of central Bangkok, sending water spilling from infinity pools and buckling carriages on the city’s rail network.
In Myanmar some 700 people have been confirmed killed so far and more than 1,600 injured, according to the isolated country’s military government, with the United States Geological Survey (USGS) estimating the final toll there could surpass 10,000 people according to early modeling.
At least 10 people have died in Bangkok, its deputy governor said, sending shock waves of a different kind through a city that sits on no major tectonic fault.
‘I kept calling’
The ground zero of the devastation in the Thai capital is an under-construction 30-story skyscraper next to the sprawling Chatuchak weekend market popular with the millions of foreign tourists that visit the city each year.
Early Saturday the loved ones of those feared buried under the mountain of broken pillars, rubble and steel sat on plastic chairs at the edge of the excavation site, watching diggers claw through the debris.
“I kept calling, but it was unsuccessful. All I kept hearing was the continuous toot… toot… of a busy signal,” she said.
“I feel like there’s a lump in my stomach, and I have no appetite to eat. I’m worried about my mom and sister still being stuck inside since yesterday. Nowhere to be found.”
She said she had spoken to her sister on Friday morning before they left for work.
“I asked her what she would have for lunch,” she recalled.
In a city where deep inequalities are on stark display, many of Bangkok’s construction workers hail from poorer parts of Thailand, especially its less wealthy northeast, as well as from neighboring Laos, Cambodia and Myanmar.
The collapsed structure was being built by a subsidiary of the China Railway No. 10 Engineering Group, itself a subsidiary of the state-owned China Railway Engineering Corporation (CREC), one of the world’s largest construction and engineering contractors, according to a now-deleted social media post by the group.
The Italian-Thai Development Public Company Limited was also involved in the project, according to Chinese state media report from 2021.
In a post on its official WeChat account on April 2, 2024, China Railway No. 10 Engineering Group celebrated the completion of the building’s main structure on March 31, 2024.
When completed, the 137-meter building was to serve as the office of Thailand’s State Audit Office and other related government agencies, the company said in the post.
Broken skybridge
Elsewhere across the Southeast Asian megacity, glitzy glass-and-steel buildings home to expensive real estate swayed and groaned when the quake hit, showering dust onto the ground.
A bridge connecting two high-rise apartment buildings in an upmarket neighborhood broke during the quake, video showed.
Other videos showed the contents of rooftop infinity pools – a popular status symbol of Bangkok’s well-heeled – sloshing off the sides of towering apartment blocks onto the street below.
Bangkok has expanded at a breakneck pace, with high-rise condos and gleaming skyscrapers shooting up in recent decades.
When the tremors began, Bella Pawita Sunthornpong thought she was experiencing a moment of lightheadedness, “because I was seeing everything was swaying.”
She grabbed her phone and started running down from the 33rd floor, telling others around her to run too. As she made her way out of the building, she said, ceiling paint was falling and everything was still swaying.
“I was thinking, you know, whatever happened, I just need to keep running until I hit the ground,” Pawita Sunthornpong said.
Engineers were rushing Saturday to assess nearly 1,000 reports of “structural concerns” across the city. Authorities said buildings would be graded – green for safe, yellow for buildings with some damage which are usable with caution, and red indicating severe damage requiring closure.
Fresh misery for war-torn Myanmar
The worst damage has taken place hundreds of miles away across the border in Myanmar, a nation far less well equipped to deal with such a large disaster.
The quake struck near Myanmar’s second most populous city, Mandalay, home to historic temple complexes and palaces.
Reuters video from near Mandalay showed a multi-story building collapsing in on itself as the quake hit, sending around a dozen saffron-robed monks ducking for cover.
The city, home to around 1.5 million people, is normally popular with foreign tourists.
But a civil war has raged across the country since the military took power in 2021, ousting civilian leader Aung San Suu Kyi and ending a 10-year experiment with democratic rule.
Swathes of the country lie outside the control of the junta and are run by a patchwork of ethnic rebels and militias, making compiling reliable information extremely difficult.
The epicenter was recorded in Sagaing region, which borders Mandalay and has been ravaged by the war, with the junta, pro-military militia and rebel groups battling for control and all running checkpoints, making travel by road or river extremely difficult.
Having largely shut the country off from the world during four years of civil war, Min Aung Hlaing – the leader of Myanmar’s military government – issued an “open invitation to any organizations and nations willing to come and help the people in need within our country,” adding the toll was likely to rise.
Several aid agencies said they are mobilizing ground operations.
But the military – which has ruled Myanmar for most of its history since independence from Britain in 1948 – has a long and troubled track record of struggling to respond to major natural disasters, and in the past has granted humanitarian access, only to rescind it later.