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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

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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.

1. Euro Sun Mining (TSX:ESM)

Company Profile

Weekly gain: 53.85 percent
Market cap: C$30.94 million
Share price: C$0.10

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.

2. Rackla Metals (TSXV:RAK)

Company Profile

Weekly gain: 50 percent
Market cap: C$22.58 million
Share price: C$0.225

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.

3. Tidewater Renewables (TSX:LCFS)

Company Profile

Weekly gain: 49.55 percent
Market cap: C$112.45 million
Share price: C$3.35

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.

4. Titan Mining (TSX:TI)

Company Profile

Weekly gain: 48.28 percent
Market cap: C$57.27 million
Share price: C$0.43

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.

5. Supernova Metals (CSE:SUPR)

Weekly gain: 39.71 percent
Market cap: C$14.1 million
Share price: C$0.475

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.

This post appeared first on investingnews.com

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.

This post appeared first on investingnews.com

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.

This is a developing story and will be updated.

This post appeared first on cnn.com

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.”

This post appeared first on cnn.com

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.

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According to a high-level Ecuadorian official familiar with the planning, construction of a new naval facility in the coastal city of Manta is part of that preparation, with barracks-style housing and administration offices designed to support sustained operations and US military personnel. The official requested anonymity because they were not authorized to speak publicly.

Ecuadorian President Daniel Noboa has made no secret of his desire for foreign boots on the ground as gangs unleash terror across the country – a request he is expected to reiterate this weekend. Noboa is set to meet Trump in Florida on Saturday to discuss immigration, trade and “security cooperation.”

Noboa told the BBC he wants the US, Brazil and European nations to join his war on gangs. During an interview in early March, the president claimed Ecuador is dealing with “international narco-terrorist” groups and that his country needs the “help of international forces.” In a local radio interview, he said his government was “already in talks” to receive foreign military support for provinces such as Guayas, known for high crime, but did not specify which countries were involved in the talks.

“We have a plan in place with our law enforcement agencies, the Ministry of the Interior, the Ministry of Defense, the armed forces, the Strategic Intelligence Center, and international assistance and support from special forces. That’s essential,” he told Guayaquil’s Radio City.

Noboa’s efforts are heavily dependent on April’s presidential runoff as he’s set off to face leftist candidate Luisa Gonzalez, who opposes the presence of any foreign force in the country.

The rapid pace of construction in Manta, the official said, reflects how soon Ecuador hopes international help might arrive.

The projects are supported by the United States, documents appear to show, and a US representative was present at the signing of the agreement, the Ecuadorian official said.

One rendering for a floating dock, dated August 2024, is labeled “Southcom Floating Dock,” an apparent reference to the US Southern Command, also known as Southcom. Another rendering, dated June 2024, has the US State Department’s International Narcotics and Law Enforcement (INL) logo and the project name of “Equipped Containers for the Ecuador’s Antinarcotics Special Unit and the DEA” and describes the project as an “international collaboration with the US Embassy.”

Plans for these projects have continued under the Trump administration. On March 26, Ecuador’s government announced several US-backed investments “paused due to geopolitical factors” are resuming in the country, with hundreds of thousands of dollars earmarked for construction of a pier and DEA-linked base.

There is precedent; the last time US troops operated here was from 1999 to 2009, at the now-defunct Manta Air Base. Back then, they ran surveillance flights targeting drug routes in the eastern Pacific.

Noboa has also publicly asked the Trump administration to designate Ecuadorian armed groups as terror organizations, as it has already done for several organized crime groups in the region. Such a designation could potentially empower the US government to use military force abroad in combatting the groups.

From ‘island of peace’ to a country on edge

Ecuador now has the highest homicide rate in Latin America, according to InSight Crime – recording nearly twice as many killings as Mexico. The surge is fueled by drug trafficking routes, turf wars, and alliances between local gangs and foreign cartels.

Despite the sweeping operations, many officials admit the violence feels more like it’s being managed than curtailed. Still, dozens of arrests were made.

“Cartels, gangs and other transnational criminal organizations in our part of the world are engaging in a wide array of illicit activity, from narcotics trafficking to money laundering, smuggling of illegal immigrants and human trafficking, which endanger the health, welfare and safety of everyday Americans,” Director of National Intelligence Tulsi Gabbard said during her testimony before the Senate Select Committee on Intelligence on Tuesday.

Ecuador’s location – flanked by the world’s top cocaine producers, Peru and Colombia – and its deep-water ports make it a key transit point for narcotics. But its vulnerability goes beyond geography.

The dollarized economy and historically loose visa policies make it easy for criminal networks to move money and people. And corruption, experts say, greases the wheels.

“It’s widespread and far-reaching,” said James Bargent of InSight Crime. “Corruption is rampant from low-level police to the upper echelons of political power, and this facilitates trafficking and provides protection to the criminal groups involved.”

In Durán, one of the country’s most violent cities, Police Chief Roberto Santamaria acknowledged corruption among police. He said they sometimes employ random polygraph testing and check bank accounts for unusual activity to try to root out corrupt officers.

Seeking global backing

Noboa has framed his crackdown as both a domestic fight and a global plea for help. Ahead of the runoff election set for April 13, he has positioned himself as a hardliner on security. In January, he and his wife were seated front and center at Trump’s inauguration, applauding as the president vowed to fight cartels and restore “law and order.”

Unlike Mexican President Claudia Sheinbaum, who has firmly rejected foreign troops’ involvement against cartels in her country, Noboa is actively seeking it. His face-to-face meeting with Trump this weekend is expected to be his most direct appeal yet for US backing.

Before leaving for Florida, Noboa also addressed Ecuador’s improving ties with the US on Friday. “We’re one of the few countries where cooperation programs are being resumed,” Noboa said to Radio Centro. “We are working on security, on providing jobs so that people don’t leave. And the US has honored that relationship.”

Ecuador’s efforts aren’t limited to government partnerships. This month, Noboa announced a “strategic alliance” with Erik Prince, the founder of the private military firm formerly known as Blackwater.

The partnership – which Noboa described as part of his plan to fight narcoterrorism and illegal fishing – was met with sharp criticism inside Ecuador, including from a former Army commander who warned of turning to a “mercenary army.” Still, it signals how far Noboa is willing to go to bring in outside support.

“They’re helping with training in urban warfare … and bringing new technology,” Noboa said Friday, speaking on Prince’s involvement. “They’ve operated in a dozen countries – including the US.”

For Noboa, foreign support isn’t a distant hope – it’s a strategy already in motion. Ecuador is expanding military infrastructure, clearing political hurdles, and making its case to the region, to its citizens, and now, directly to the United States.

Whether that help arrives – or arrives soon – remains to be seen.

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A powerful, deadly earthquake struck at the heart of civil war-ravaged Myanmar on Friday, piling fresh misery on an impoverished nation that was cut off from much of the world even before this natural disaster struck.

The timing could hardly be worse. The Southeast Asian country is reeling from a raging civil war between a military junta that seized power in 2021, and pro-democracy fighters and ethnic rebel groups battling to overthrow it.

The war – now in its fifth year – has ravaged communications and transport in Myanmar, making it particularly difficult to get a clear picture of the damage.

So far authorities say more than 1,000 people have died. But experts fear the real toll will be far higher and could take weeks to emerge.

Here’s what we know so far.

A historic city hit hardest

On Saturday fragments emerged showing the destruction wrought by the quake from former royal capital Mandalay, home to around 1.5 million people and the city closest to its epicenter.

And they spoke of desperately rushing injured loved ones to medical care – or the agonizing wait for news of friends still missing or trapped under the rubble.

“It hit very strong and very fast,” she said of the earthquake. She recalled she was boiling water to make milk for her baby when the 7.7 magnitude earthquake struck not far from her home to the east of the city.

Part of the wall of the house collapsed onto the woman’s grandmother who was sitting nearby, burying her legs in rubble and debris, she said.

“The door couldn’t open as a fence had collapsed onto it. I shouted out for help and my husband came in from the street. He jumped on the door and managed to open it.”

“Until now, we have not been able to recover their dead bodies from rubble,” he said.

The quake also shattered some of the city’s mosques which were busy with worshippers attending Friday prayers, one man said.

“When the buildings collapsed, many Muslims got trapped inside, causing casualties and deaths… In one mosque, there are more than a hundred injured.”

Across the mighty Irrawaddy river that runs past Mandalay, there is also destruction in Sagaing region, a more rural area, where many live in more flimsy – but more earthquake survivable – wooden and thatched houses.

Nang Aye Yin, 34, heard news that the nunnery where a relative of his was studying had collapsed.

“Luckily no one died, but two were badly wounded. One of my nieces aged 11 lost three toes and another nun had her head broken as well as one of her legs.”

Hospitals in both Sagaing and Mandalay turned them away as they were already at full capacity, he said.

A rare call for outside help

Myanmar’s military junta seized power in a 2021 coup after a brief 10-year experiment with democracy. Before that, Myanmar’s generals ruled for decades. And generally, whenever disaster struck, they would eschew foreign help and play down the impact.

This time it’s different.

Junta chief Min Aung Hlaing took the unusual step of quickly asking for foreign aid. He visited the city of Mandalay on Saturday to inspect the damage, state media reported, as well as the capital Naypyidaw which was also hit hard.

On Saturday several neighboring countries began sending rescue teams and aid.

A team from China – historically one of the junta’s closest partners – were the first to arrive, touching down in Myanmar’s commercial hub Yangon bringing relief supplies, Chinese state media said.

Singapore, Malaysia, India and Russia also announced they would send help.

But for those in quake-stricken Mandalay, around 380 miles away and with transportation uncertain, the wait driving them mad.

“My head is going to explode while waiting for calls for friends who cannot be found yet,” the former lawyer said.

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After a blistering snapback rally over last the week, a number of the Magnificent 7 stocks are actively testing their 200-day moving averages.  Let’s look at how three of these leading growth names are setting up from a technical perspective, and see how this week could provide crucial clues to broader market conditions into April.

META Remains Above an Upward-Sloping 200-Day

While most of the Mag 7 names already broke below their 200-day moving averages, Meta Platforms (META) is one of the few that have remained above this key trend indicator.  We can see a very straightforward downtrend of lower lows and lower highs from the mid-February peak around $740 to last week’s low around $575.

With the recent bounce, META has now established clear support at the 200-day as well as the December 2024 swing low.  This “confluence of support” suggests that a break below $575 would confirm a new downtrend phase for this leading internet stock.  Only if we saw a break back above the 50-day moving average around $650 would we consider an alternative bullish scenario here.

Will AMZN Hold This Long-Term Trend Barometer?

While META is still holding its 200-day moving average, Amazon.com (AMZN) broke below its 200-day back in early March.  The recent bounce off $190 has pushed AMZN back above the 200-day this week, with the Monday and Friday lows sitting almost perfectly on this long-term trend indicator.

The most important question here is whether Amazon will be able to hold above its 200-day, but given the meager momentum readings, a failure here seems more likely.  Note how despite the recent uptrend move, the RSI has remained below the 50 level through mid-week.  This lack of upside momentum indicates a lack of willing buyers, and suggests a breakout here as an unlikely outcome.  

Similar to the chart of META, we’re watching for any move above the 50-day moving average, which would tell us to consider the recent upswing to have further upside potential.  

Failure Here Would Signal Renewed Weakness for TSLA

Now we come to one of the weaker charts out of the mega cap growth names, Tesla Inc. (TSLA).  Tesla lost over half its value from a peak around $480 in mid-December 2024 to its March 2025 low around $220.  This week’s pop higher has pushed TSLA right up to the 200-day moving average, but no further.

Tesla was one of the first Magnificent 7 stocks to set a peak, as many of these growth names continued to make higher highs into early 2025.  TSLA finally registered an oversold condition for the RSI in late February, before a bounce in mid-March which pushed the RSI back above the crucial 30 level.

When a stock fails to break above the 200-day moving average, as we see so far this week for Tesla, it means that there just isn’t enough buying power present to reverse the longer-term downtrend phase.  Until and unless TSLA can push above the 200-day, we’d much rather look for opportunities elsewhere.  

As legendary investor Paul Tudor Jones is quoted, “Nothing good happens below the 200-day moving average.”  Given the recent upswings for these key growth stocks, and their current tests of this long-term trend barometer, investors should be prepared for a failure at the 200-day and brace for what could come next for the Magnificent 7.

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Wednesday’s stock market price action revealed a caution sign, and with it, any hope that rose from Monday’s price action just got buried. The Tech sector sold off, with the Nasdaq Composite ($COMPQ) falling over 2%.

The chart of $COMPQ indicated hesitation. Of the three broader indexes, it was the one that didn’t cross above its 200-day simple moving average (SMA), and its breadth wasn’t showing signs of expanding. The Dow Jones Industrial Average ($INDU) still holds on to its position above its 200-day SMA and 21-day EMA.

The S&P 500 is a concerning chart. The index crossed above its 200-day SMA on Monday; then, on Tuesday, there was a doji candlestick indicating indecision among investors. Then comes Wednesday, and we see a wide-range down day that closed well below the midpoint of Monday’s trading range. This satisfied the conditions for an evening doji star, which is a bearish reversal pattern. In addition, the index wasn’t able to close above its January low. This doesn’t leave a warm, fuzzy feeling.

FIGURE 1. BEARISH REVERSAL IN THE S&P 500 DAILY CHART? The evening doji star is an indication of a bearish reversal. Will this hold or will the pattern fail? It’s something to watch for as tariff concerns remain front and center. Chart source: StockCharts.com. For educational purposes.

Consumer Discretionary Sells Off

The back and forth with tariffs was the main cause of Wednesday’s selloff. The news of President Trump prepping to sign an auto tariff statement after the market closes elevated investor uncertainty. The automobile industry was the worst performer in the Consumer Discretionary sector (see MarketCarpet below).

FIGURE 2. CONSUMER DISCRETIONARY SECTOR’S MARKETCARPET. The automobile industry was the worst hit in this sector. After the tariff announcement on Wednesday, the sector could see further selling. Image source: StockCharts.com. For educational purposes.

Tesla, Inc. (TSLA), the largest weighted stock in the Automobile sub-industry, fell 5.58%. There were many other auto manufacturers such as Toyota Motor (TM), Ferrari (RACE), General Motors (GM), and Honda Motor Co. (HMC), who experienced a similar fate.

Mr. Market didn’t know the tariff details before the close, so the selloff was in anticipation of 25% tariffs being implemented. At around 5:30 pm EDT, President Trump announced the implementation of 25% tariffs on autos manufactured outside of the U.S. Shares of Ford Motor Co. (F), General Motors (GM), and Stellantis (STLA) were trading lower after Wednesday’s close. Don’t be surprised if Thursday is a volatile trading day.

Semis Tumble

Things weren’t so rosy in AI land, either. Microsoft, Inc. (MSFT) scaled back on its data center buildouts, which didn’t help tech stocks. The Technology sector was the worst-performing S&P sector on Wednesday.

The Technology sector MarketCarpet below gives a good picture of the magnitude of the selloff. Semiconductors were the worst hit, with NVIDIA Corp. (NVDA), Broadcom, Inc. (AVGO), and Taiwan Semiconductor Mfg. (TSM) seeing significant declines.

FIGURE 3. TECHNOLOGY SECTOR MARKETCARPET. The Technology sector was the hardest hit on Wednesday. As you can see, it was a sea of red with the large-cap weighted stocks seeing significant selloffs. Chart source: StockCharts.com. For educational purposes.

What a difference a day makes. The Cboe Volatility Index ($VIX) is inching higher after its slide since March 11. It’s back above 18 indicating that fear is back on the table.

Fasten Your Seatbelts

The rest of this week could be volatile. Keep your eyes on the macro picture. Treasury yields held on, but could rise further on Wednesday. As a result, the U.S. dollar could strengthen against the Japanese yen. If inflation expectations and concerns about economic growth rise, precious metals could shine.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.