Jindalee Lithium (JLL:AU) has announced PDAC Presentation
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The rapidly changing metals landscape and where to invest were key themes addressed during the Commodities and Financial Markets session at this year’s AME Roundup in Vancouver, BC.
Rowena Alavi-Gunn, senior analyst at Wood Mackenzie, started her presentation “Battery Powerplay — Are Battery Metals Still Investable?” by recounting the challenges battery metals faced in 2024.
“I’ve picked this topic because battery metals have had a fairly rough 2024,’ she said.
‘We’ve seen low prices, weak demand, increasing costs — and generally sentiment is maybe sour towards them. And then on top of that, there’s geopolitical uncertainty,” Alavi-Gunn noted. Recent election results and weaker-than-expected electric vehicle (EV) demand may also be deterring investors from entering the battery metals sector.
Even so, the broad fundamentals remain positive for key metals like lithium, nickel, cobalt and graphite.
“I think there’s an opportunity for countercyclical investment in battery metals,” she explained.
Trump policies threaten US EV growth
Speaking about freshly inaugurated US President Donald Trump, Alavi-Gunn underscored that US EV proliferation could be hampered by the new administration. Trump could ease EV compliance rules, reduce subsidies and impose tariffs on Chinese batteries and Mexican auto imports, making EVs less competitive.
As a result, US plug-in vehicle sales could drop from 30 percent to 20 percent penetration, with hybrids gaining market share. This shift could reduce US battery demand by 20 percent.
However, outside the US the global EV outlook remains largely unchanged.
“Overall, we see very strong growth in EVs going forward,” Alavi-Gunn said, using a chart to illustrate her point. “Plug ins are growing at nearly 10 percent a year. Hybrids are growing at about 6 percent a year.”
While this steady increase in EV purchases is the largest contributing factor for the battery metals sector, each metal also has other end-use segments that offer support.
“We’re seeing very strong demand growth across all of the battery metals,” the Wood Mackenzie analyst noted. “Lithium, obviously, is just crazy, but the other battery metals are still growing pretty strong.”
IRA decisions could impact graphite supply
Although Trump’s decisions around the Inflation Reduction Act’s EV incentives — in particular the 30D tax credit for new clean vehicles — are expected to have little impact on global battery demand tallies, Alavi-Gunn noted that the graphite market could be impacted by the new administration’s policies.
“We think the US could have quite an impact if they keep the 30D credit in place, but they bring forward graphite inclusion,” she said. She went on to explain that graphite is a crucial component for batteries, with China dominating its supply chain. Currently US sourcing rules don’t require graphite to come from allied countries until 2027.
However, if Trump moves that deadline up, far fewer EVs will qualify for tax credits due to limited compliant supply.
As Alavi-Gunn pointed out, long-term demand for battery metals is bullish, despite a current glut in key markets.
The lithium and nickel markets are oversupplied, driven by surging production in China and Indonesia. This excess has kept prices low, but demand is expected to outpace supply by the 2030s, triggering shortages and price increases.
Cobalt also faces a similar long-term oversupply, though recycling economics could be a risk.
To fulfill the demand growth that Wood Mackenzie is projecting, Alavi-Gunn noted that billions of dollars in new investment will be required, particularly for lithium. She suggested that major mining firms, traditionally focused on iron ore and coal, may need to diversify into battery metals as these legacy commodities shrink in market size.
While lithium and nickel mines generate slightly less revenue than copper, they remain attractive investment opportunities, especially for companies looking to future-proof their portfolios.
This can be achieved through M&A or the development of new greenfield assets.
As Alavi-Gunn explained, lithium and copper assets command high premiums, making new development more cost effective, while nickel is cheaper to acquire than build.
However, greenfield projects come with risks like permitting delays.
She also noted that miners face competing demands for capital, such as shareholder returns, sustainability and diversification. While battery metals offer long-term potential, firms must act now to avoid future shortages.
The current downturn presents a countercyclical investment opportunity ahead of expected supply deficits and price surges in the 2030s, she said.
Canada’s pivotal place in global supply chains
Following Alavi-Gunn’s presentation, Emil Kalinowski, director of metals market research at Wheaton Precious Metals (TSX:WPM,NYSE:WPM), took to the stage.
His 20 minute presentation started with a brief overview of the geopolitical and economic forces shaping metals markets, highlighting a disconnect between analyst forecasts and historical trends.
As Kalinowski explained, critical and in-demand resources have become a key front in geopolitical tensions, alongside artificial intelligence, space and strategic waterways like the Black and Red seas.
“The metals and mining space has become a key battleground for the great powers in the world,” he said.
As metal supply chains become increasingly politicized, he believes Canada may be the most influential nation.
“Canada, in my mind, is one of the leaders on deciding who, what and where deals can take place,’ Kalinowski said. ‘With respect to national security and economic security, logistics, supply chains — Australia is leading the way when it comes to financing projects, but Canada is getting involved on a geopolitical basis very heavily.”
Although Kalinowski’s comments came the day after Trump’s inauguration, they appear to have been prophetic. Since taking office, the president has made numerous comments about the US absorbing Canada as the 51st state.
Trump has cited poor trade negotiations and subsidies as his reasons, but many have questioned the motives behind the proposal, with some speculating that the president would like to access Canada’s mineral wealth.
More recently, the Trump administration has requested US$500 billion in rare earths from Ukraine.
Analyst price predictions clash with supply realities
Switching his focus to gold, Kalinowski noted that despite bullish sentiment in the market and dramatic price increases for the precious metal, some analysts are making bearish projections.
“They are forecasting that gold prices will fall,” he told the audience.
“This is completely off the charts compared to the market and to history. I think they’re wrong.”
According to Kalinowski, analyst consensus predictions for gold don’t align with supply projections.
Forecasts suggest a slight annual decline in supply through 2030 — roughly 1 percent per year — putting future supply 2 to 3 percent below historical trends dating back to the Cold War, he explained.
Alternative supply sources like scrap and recycling are also shrinking.
Unlike past decades, when investors and central banks sold off gold, projections for 2030 show these entities will be accumulating instead, reducing available supply and challenging traditional market assumptions.
“So supply is not really explaining why analysts are so bearish,” he said. “Might it be demand? I don’t think so.”
In fact, global gold demand surged to an all-time high of 4,974 metric tons in 2024, fueled by strong central bank purchases and rising investment interest, according to the World Gold Council. The combination of record prices and high volumes pushed the total market value of demand to a historic US$382 billion.
Ultimately, Kalinowski attributed analysts’ bearish stance on the gold price to their failure to fully account for the supply constraints, the nuanced nature of gold demand and the geopolitical factors that could drive increased buying.
Diverging paths for silver, platinum and palladium
For sister metal silver, the consensus was more optimistic, with analysts predicting long-term price growth.
As Kalinowski pointed out, historical trends suggest the silver price rises over any six year period, but forecasting remains complex. Unlike gold, silver lacks a single price-driving factor, earning its reputation as the “devil’s metal.”
Silver’s extreme financialization — where paper trades vastly outsize physical supply — makes short-term price moves unpredictable. However, long-term demand shifts are clear. Industrial use, especially in solar panels, is set to grow, while speculative demand is expected to decline — though its correlation to gold raises doubts.
Kalinowski added that a key geopolitical wildcard is government stockpiling of silver. Russia recently began adding silver to its reserves, sparking speculation that other nations may follow.
Even a tiny shift in global FOREX reserves into silver could absorb an entire year’s supply.
For Kalinowski, that raises the question: “Could silver become a strategic asset alongside gold?”
He spent the remainder of his time highlighting the seismic shifts occurring in the platinum and palladium markets. With so many supportive fundamentals, analysts are bullish on platinum long term, and the numbers support it.
While total mine supply is expected remain stable, platinum demand is being reshaped, moving away from internal combustion engines and into the hydrogen economy. According to Kalinowski, this transition is expected to drive ongoing supply deficits, with platinum stores reaching a 47 year low.
Palladium, on the other hand, faces a different story. While analysts remain optimistic in the short term, long-term fundamentals for the metal look shaky. A flood of recycled palladium from scrapped gasoline-powered cars — peaking in the mid-2030s — will add massive supply, just as demand declines by 15 percent.
Unlike platinum, palladium has no clear role in the energy transition, raising price concerns long term.
“There is no hydrogen rescue coming for the palladium market; (there is also a) tremendous amount of supply, falling demand (and) price (is) very concerning,” Kalinowski said.
With supply tightening for one and surging for the other, the two metals appear to be on diverging paths — platinum poised for strength, palladium facing pressure.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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TORONTO, ON, FEBRUARY 24, 2025 TheNewswire – Silver Crown Royalties Inc. ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce that it has engaged Investor Cubed Inc. (‘ Investor Cubed ‘) to provide investor relations and shareholder communications services in Canada. The terms of the consulting agreement with Investor Cubed (the ‘ Agreement ‘) provide for up to a one-year term (terminable at SCRi’s option after three months), provides for cash compensation of C$10,000 per month payable by Silver Crown to Investor Cubed for services rendered pursuant to the terms of the Agreement. Subject to approval by Cboe Canada Inc., Investor Cubed will also be entitled to 25,000 common shares of Silver Crown to be issued in equal quarterly instalments over the one-year term subject to termination clause under the Agreement.
Neil Simon, CEO of Investor Cubed, stated, ‘Investor Cubed is excited to begin working with Silver Crown. We have been interested Silver and looking for an ideal way to capitalize on the strong price movement and bullishness of the commodity. We believe Silver Crown offers an ideal way to invest in Silver without all the associated risks when investing in silver mining companies. Silver Crown is poised to deliver strong results and increased growth for its shareholders’.
Silver Crown is also pleased to announce that it has successfully closed the first tranche of its previously announced non-brokered private placement. The Company issued 67,538 units (‘ Units ‘) at a price of C$6.50 per Unit, for gross proceeds of approximately C$439,000. Each Unit consists of one common share (‘ Common Share ‘) and one common share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. The proceeds from this tranche will be used to partially fund the second tranche of the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.
‘We look forward to leveraging Investor Cubed’s experience and client base. We believe this will boost our ability to connect Silver Crown Royalties with key Canadian investors,’ stated Peter Bures, CEO of Silver Crown Royalties. ‘Their expertise and the first tranche closing strengthen our financial position and serve to elevate our presence in Canada’s investment community.’
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, SCRi is a publicly traded, silver royalty company. SCRi currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure allowing for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Silver Crown Royalties Inc.
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
Investor Cubed Inc.
Neil Simon, CEO Telephone: 647-258-3310
Email: nsimon@investor3.ca
FORWARD-LOOKING STATEMENTS
This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include but are not limited to, ‘We look forward to leveraging Investor Cubed’s experience and client base. We believe this will boost our ability to connect Silver Crown Royalties with key Canadian investors’, and ‘Their expertise and the first tranche closing strengthen our financial position and serve to elevate our presence in Canada’s investment community.’ Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire – All rights reserved.
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(TheNewswire)
Vancouver, British Columbia, February 24th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ) (OTCQB: PMOMF) today provided an update regarding its projects in Arizona and Mexico, as well as recent corporate activities.
‘The priority for Prismo in 2025 remains raising the necessary capital to undertake a 5,000-meter drill program at our Hot Breccia copper project located in the heart of the prolific Arizona Copper Belt’, said Alain Lambert, CEO of Prismo.
The Hot Breccia copper project consists of 1,420 hectares in 227 contiguous mining claims located in the world class Arizona Copper Belt surrounded by several very well understood world-class copper mines including Morenci, Ray, San Manuel and Resolution (Figure 1). Hot Breccia shows many features in common with these neighboring systems, most prominently a swarm of porphyry dikes and series of breccia pipes containing fragments of well copper-mineralized rocks mixed with fragments of volcanic and sedimentary units, derived from considerable depth. Prismo performed a ZTEM survey last year that identified a very large conductive anomaly directly beneath the breccia outcrops.
Click Image To View Full Size
Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.
Mr. Lambert added: ‘Our updated financing strategy includes continuing discussions with both potential investors and strategic partners already present in our district or wanting to gain a foothold in the district. As such, we expect to proceed with a financing on different terms than we contemplated in late 2024 (1) .’
As part of Prismo’s financing efforts to fund the proposed drill program at Hot Breccia, the Company confirms its attendance at the upcoming Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. The Company encourages attendees to meet the Prismo team at Booth #3145 in the Investor’s Exchange.
Palos Verdes
At the Palos Verdes project the fourth phase of drilling by Prismo was undertaken last year. As announced on July 31 st , 2024, Prismo’s team mobilized at Palos Verdes in early August and immediately began preparation for the drill program which is a collaborative effort between Prismo and Vizsla Silver. The drill program follows three main target recommendations made by the Panuco Joint Technical Committee comprised of Prismo ‘s Chief Exploration Officer Dr. Craig Gibson, Vizsla Silver’ s VP Exploration Dr. Jesus Velador and Advisor Dr. Peter Megaw. The program has three main goals (See Figs. 2 & 3 below):
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Trace the down dip extension of the mineralized shoot defined by previous drilling on the southwest portion of the vein.
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Seek continuation of the vein on the northeast extension of the vein across a cross-fault believed to have offset the vein downward.
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Test the extreme northeasterly extension of the Palos Verdes vein system near the concession limit adjacent to the historical Jesusita mine.
The Company announced that drilling had begun on September 24, 2024, with a goal to test targets on the Palos Verdes concession utilizing drill pads located on Vizsla’s concessions adjacent to Palos Verdes for greater drilling efficiency. Two holes were completed from remote site PV005 to drill downdip from the high-grade mineralized body drilled previously: PV-24-34 was drilled to a depth of 286.5 meters and hole PV-24-35 was drilled to a depth of 318.0 meters. The program was curtailed in late November after slow advances and budgetary considerations. Assay results from the drilling remain pending.
Figure 2: Location and orientation of the proposed drill holes
Click Image To View Full Size
Figure 3. Geologic and drill hole map of the Palos Verdes and adjacent concessions showing the surface projection of interpreted mineralized shoots based on surface assays and the location of an interpreted high-level alteration assemblage identified in core. Note NW-SE fault in the center of the claim is believed to have dropped-down the NE extension of the vein system. Drill pads for holes to be collared on Vizsla Silver ground are shown in purple and will test target areas indicated on the surface by the red ellipses . The location of new hole PV-24-34 is also shown.
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Figure 4. 3D view of the sub-surface at Palos Verdes looking northeasterly at the cross section with drill holes PV-34 and PV-35, showing the palos Verdes vein with areas of >150g/t AgEq in orange and >300 g/t AgEq in red as well as the northwest fault zone.
Shares for Debt Transactions and Options Grant
Prismo also announces that it has entered into debt settlement agreements (the ‘Settlement Agreements’) with certain creditors of the Company (the ‘Creditors’) pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of (i) 4,436,175 shares of the Company (each, a ‘Share’) at an average price of $0.105 per Share in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $460,959 (the ‘Debt Settlement’).
‘Sixty-four percent (64%) of the shares to be issued will be issued to Walnut Mines LL, an Arizona corporation (‘Walnut’) which owns the Hot Breccia claims optioned by Prismo. Walnut has agreed to increase their ownership position in Prismo in lieu of cash to make up for an approximate $284,559 in exploration expenditure shortfall in 2024 as well as postponing a $100,000 option payment. We thank Walnut for their continued support of Prismo and the Hot Breccia project,’ said Mr. Lambert.
Dr. Linus Keating CPG, the Manager of Walnut stated today, ‘Walnut is pleased to see Prismo advancing the Hot Breccia project. These partners have contributed good quality technical work that has significantly advanced this important porphyry copper property into a large-scale target. Walnut believes that a positive and ongoing relationship will progress into resounding success.’
All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.
Prismo announced that it has granted 250,000 Options to a consultant of the Company. The Options are each exercisable to purchase one common share of the Company (a ‘Common Share’) at an exercise price of $0.12 for a period of two years. The Options will vest as of 25% vesting immediately and 25% every three months thereafter.
Los Pavitos
Prismo has provided Minera Cascabel with a notice of termination of the Option Agreement dated October 11 th , 2019. In the current market conditions Prismo is not in a position to support this project, and considering the ongoing funding requirement just to hold the property, it was decided that terminating the option was the best course of action.
Note
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(1) See Prismo’s news release dated December 2 nd , 2024
Qualified Person
Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations has reviewed and approved the technical disclosures in this news release. Dr. Gibson is also Chief Exploration Officer and a director of the Company.
Prismo (CSE: PRIZ) is mining exploration company focused on its Palos Verdes precious metal projects in Mexico and its Hot Breccia copper project in Arizona.
Please follow @PrismoMetals on , , , Instagram , and
Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Steve Robertson, President steve.robertson@prismometals.com
Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Palos Verdes and Hot Breccia. The current drill program is being conducted from a concession not owned by the Company and a change in Vizsla’s business plan in the drilling area could negatively impact Prismo.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, notably delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: Vizsla will continue to work with Prismo to allow for drilling at Palos Verdes, the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
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Here’s a quick recap of the crypto landscape for Friday (February 21) as of 9:00 p.m. UTC.
Bitcoin and Ethereum price update
Bitcoin (BTC) is currently trading at US$95,056, reflecting a 3.4 percent decrease over the past 24 hours. The day’s trading range has seen a high of US$99,262 and a low of US$94,909.
Ethereum (ETH) is priced at US$2,637, marking a slump of 4.1 percent over the same period. The cryptocurrency reached an intraday high of US$2,837 and a low of US$2,625.
Altcoin price update
- Solana (SOL) is currently valued at US$169.56, down 2.8 percent over the past 24 hours. SOL experienced a high of US$179 and a low of US$168 during Friday’s trading session.
- XRP is trading at US$2.53, reflecting a 6 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.70 and a low of US$2.52.
- Sui (SUI) is priced at US$3.27, showing a 5.8 percent decrease over the past 24 hours. It achieved a daily high of US$3.55 and a low of US$3.23.
- Cardano (ADA) is trading at US$0.7574, reflecting a 6 percent decrease over the past 24 hours. Its highest price on Friday was US$0.8166, with a low of US$0.7526.
Crypto news to know
SEC agrees to dismiss Coinbase case
Coinbase Global (NASDAQ:COIN) said Friday that the US Securities and Exchange Commission (SEC) has agreed to dismiss its case against the cryptocurrency exchange, pending final approval from regulators.
The SEC sued Coinbase in June 2023, alleging that it was operating as an unregistered securities platform and brokerage service. It accused Coinbase of generating billions in revenue while failing to provide investor protections.
Coinbase shared the update on social media platform X, stating, “But this isn’t the end. It’s the beginning. And if there were ever a time to build — that time is now. Thank you to everyone who stood with us, and stood with crypto.”
“The SEC’s swift action to bring order to the crypto industry and restore fairness is encouraging. Commissioner Peirce’s Task Force has been instrumental in this progress, taking a thoughtful, inclusive approach that actively seeks industry and stakeholder input. The SEC faces a challenging task — not only must it undo harmful policies, but it must also lay the foundation for sound regulatory frameworks. And as history shows, undoing bad policy is itself good policy.
Under Acting Chairman Uyeda and Task Force Leader Commissioner Peirce, the SEC is holding itself to a higher standard, and I am pleased — but not surprised — to see this shift. I am confident that this commitment to fairness and integrity will continue under incoming Chairman Atkins.”
Guillén leads BakerHostetler’s digital and innovative markets team and co-leads its blockchain team; she is also a former attorney with the SEC’s Office of the General Counsel, and was among the candidates that the Trump administration considered for the position of SEC chair.
Jan3 CEO suggests ‘manufactured’ price action
Samson Mow, CEO of Jan3 and founder of Pixelmatic, suggested that Bitcoin’s range-bound price action may be manufactured during a panel discussion at Consensus Hong Kong 2025 on Wednesday.
“If you look at the price movement, we peak, and then we stay steady and chop sideways. And it’s good, you can say it’s consolidation, but it just looks very manufactured.”
Mow indicated that the significant buying pressure from retail and other major investors accumulating BTC must be offset by substantial selling pressure.
Additionally, FTX’s recent Bitcoin sales, as part of their payout process, might be creating downward pressure on the market, counteracting the upward momentum generated by significant buying interest. This situation leads to a period of price stabilization rather than immediate growth.
“FTX is starting to pay out their dollars from selling Bitcoin, ill-advisedly, in the mid-20K range, so clearly, somebody is selling to match this. Otherwise, the price would already be moving upwards again,” Mow said.
Bybit experiences its largest security breach
Bybit co-founder and CEO Ben Zhou confirmed a security breach that saw over US$1.4 billion in liquid-staked Ether and other ERC-20 tokens hacked from the cryptocurrency exchange on Friday morning.
The confirmation came roughly one hour after on-chain security analyst ZachXBT spotted the incident shortly after it occurred, according to Cointelegraph’s coverage of the event.
The attack appears to have compromised the signing process for transactions, allowing hackers to manipulate the smart contract logic of the cold wallet. The hack affected only Bybit’s Ethereum cold wallet; other wallets, including Bitcoin reserves, remain secure.
Bybit has obtained a bridge loan covering a significant portion of the stolen funds and continues to process withdrawals. The situation is ongoing, and Bybit is working with other exchanges to track and potentially freeze the stolen assets. Arkham Intelligence attributed the hack to the North Korean group Lazarus.
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.
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Bitcoin attracts bold predictions. Recent forecasts show that this top cryptocurrency may soon hit Bitcoin Reach $200000. Many trusted sources, including Yahoo Finance, CoinDesk, Bloomberg, and CNBC, have reported this forecast. This public news reflects rising optimism among market experts amid changing economic conditions.
Market Sentiment and Economic Drivers
Many analysts believe that economic uncertainty and rising prices create a strong chance for Bitcoin to serve as a safe asset. Investors now see Bitcoin as a reliable store of value. They shift funds to cryptocurrencies when they lose trust in traditional assets. In addition, new regulations in key markets push both large and small investors to spread their money across various assets.
Technical Analysis and Price Trends
Technical data supports a potential price surge. Long-term charts show an upward trend, while short-term drops offer good buying points. Trading volumes and network activity grow each day. Experts point to a limited supply and high demand as key reasons that Bitcoin Reach $200000 upto.
Investor Implications and Risk Management
Investors must stay alert in this volatile market. They should manage risk by diversifying their portfolios. Many experts advise reviewing holdings and allocating funds wisely. They also recommend keeping up with the latest market news and technical signals to guide decisions.
Conclusion
This forecast that Bitcoin may reach $200,000 comes from strong market sentiment, positive technical trends, and a unique economic climate. However, investors face a volatile market that demands caution. Experts urge both individual and institutional investors to monitor these trends closely and prepare for various market moves.
While reaching $200,000 is not guaranteed, this forecast offers valuable insight into the ever-changing crypto market. It shows that the market can shift quickly and that informed decisions are key. Investors should act wisely and stay updated on news and trends. By doing so, they can protect their investments and uncover new opportunities in the fast-paced world of cryptocurrencies.
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There’s been a lot of wild speculation surrounding gold’s bullish run. When you consider a gold investment, you’re likely to think of the more common factors that come into play: inflation, geopolitical uncertainty, and central bank demand.
But there’s more to the mix now, especially in light of the Trump administration’s latest initiatives and policies. These new developments are spurring speculations that are likely to change the context surrounding how investors view gold. Here are a few key things to think about:
- Around 12.5 million ounces of gold have been imported into the US since last November.
- President Trump announced a possible audit of Fort Knox gold reserves which hasn’t been done since the early 1970s (is it all still there?).
- The US government’s gold valuations remain at an outdated $42.22 an ounce.
The big rumor (keyword: rumor) is that gold is due for a revaluation. Will Trump use the revaluation to boost the value of the Treasury’s holdings, possibly paying down the national debt? Will his administration attempt a partial return to the gold standard? Will the gold be used to counter China’s reported attempt at launching a gold-backed currency to challenge the US dollar?
Whatever the case may be, a full revaluation is likely to drive bullish sentiment in gold, sending prices higher. If the government sells gold to weaken the dollar, you can expect some short-term price dips before a rebound. And if, by any chance, the Fort Knox audit reveals a shortfall, then that’s bad news for the economy and markets but good news for gold, which will likely send prices skyrocketing.
To get some near-term context, let’s see how gold has been performing over the last year relative to silver, commodities in general, and the S&P 500.
FIGURE 1. PERFCHARTS OF GOLD, SILVER, COMMODITIES MARKETS, AND THE S&P 500. Gold and silver outperformed both the broader stock and commodities markets over the past year. Chart source: StockCharts.com. For educational purposes.
It turns out that both gold and silver have been outperforming the broader equities and commodities markets.
Let’s take a long-term view of gold. Below is a weekly chart.
FIGURE 2. WEEKLY CHART OF GOLD FUTURES. There are no signs of topping yet, though its ascent has grown increasingly steep. Chart source: StockCharts.com. For educational purposes.
If volume precedes price, then accumulation, as shown by the Accumulation/Distribution Line (ADL) on the chart, has stayed well ahead of it for a little over three years. Momentum-wise, the Relative Strength Index (RSI) may be registering as “overbought” but the reliability of this indicator in the current environment is anyone’s guess.
Trump’s policy blitz is transforming the political and economic landscape, and it brings certain shocks that can make technical and fundamental analysis more fluid. For now, there are no clear signs of topping, which makes it difficult for anyone interested in finding an entry point. So, let’s zoom in on a daily chart.
FIGURE 3. DAILY CHART OF GOLD. There are still no signs of a top except for the declining buying pressure indicated by the Chaikin Money Flow indicator. Chart source: StockCharts.com. For educational purposes.
There are still no clear signs of near-term weakness, aside from a slight drop in buying pressure indicated by the Chaikin Money Flow (CMF). If gold pulls back, the $2,900 high will likely serve as the first support level. Additional support zones, marked by the magenta lines, align with key swing highs and lows based on the Zig Zag lines.
The final three levels define a broad trading range and coincide with the Volume by Price indicator, highlighting areas of concentrated trading activity where support is most likely to hold. If prices retreat, these levels will be crucial to watch for a potential rebound. So, right now, it’s a matter of waiting for a pullback.
Silver is another asset that has outperformed commodities and the broader market. Might the grey metal present a tradable opportunity? Below is a daily chart to consider.
FIGURE 4. DAILY CHART OF SILVER. The grey metal has room to run but watch your entry point. Chart source: StockCharts.com. For educational purposes.
The RSI indicates that silver has more upside to go before reaching an overbought level. Note the relative performance window that I plotted in a manner that replicates the well-known gold/silver ratio (lower panel) .
Historically, this ratio has averaged around 65:1 since the 1970s, meaning it typically takes 65 ounces of silver to equal the value of one ounce of gold. Note that every time the ratio reaches the 90-line silver tends to rally.
Silver is currently rallying, but is another entry point on the horizon? Possibly, but patience is key. This relative performance setup highlights the value of the gold/silver ratio in identifying potential silver entry points, whether for short-term trades or long-term positions.
At the Close
Monitor “spot” $GOLD and $SILVER by adding them to your ChartLists. However, you may be interested in entering trades using their ETF equivalents in GLD and SLV. The prices will differ from their spot price, but the chart patterns that define your entry will be highly correlated, given a few slight adjustments.
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.
This week brought major moves in the tech space, including a new product release from Apple (NASDAQ:AAPL) and reports of a potential shakeup for Intel’s (NASDAQ:INTC) businesses.
Meanwhile, big things are brewing for two former OpenAI members, and Microsoft (NASDAQ:MSFT) has made a quantum leap. Plus, following a remarkable period of growth, Palantir (NASDAQ:PLTR) experienced an unexpected shift.
Read on to learn more about what happened during a busy week in the tech sector.
1. Apple debuts new iPhone 16e with advanced features
Apple rolled out a new device to the iPhone 16 lineup on Wednesday (February 19), expanding its offerings with a budget-friendly option that doesn’t compromise on advanced functionality.
The more affordable iPhone 16e comes equipped with an advanced 2-in-1 camera system, Apple’s A18 chip — replacing the A17 chip found in iPhone 15 models — to enable Apple Intelligence. It also comes with the company’s new C1 modem, the first cellular modem designed entirely in-house, replacing Qualcomm’s (NASDAQ:QCOM) Snapdragon X70.
This move towards in-house components is expected to continue, with Apple analyst Ming-Chi Kuo predicting the company will also replace Broadcom’s (NASDAQ:AVGO) Wi-Fi chips with its own, starting with the iPhone 17 series.
According to Cult of Mac, an online publication that focuses on Apple news and product reviews, the C1 modem “integrates 4G, 5G, satellite and GPS radios in one chip”, representing a “brand-new direction for Apple silicon, alongside the company’s processors and other wireless chips.”
The modem helps enable the phone’s satellite features, which allow for emergency communication and location tracking even when outside cellular and Wi-Fi coverage. It also helps extend the phone’s battery life.
Pre-orders began on Friday (February 21) and the phones will be available for purchase next week.
Later, Apple wrapped up the week by announcing on Friday that it would include Apple Intelligence in visionsOS 2.4, the immersive Apple Vision Pro platform. The update will enable tools such as text composition from ChatGPT and an Image Playground where users can create new images using AI. The changes are set to take place for English users in April, with features for additional languages rolling out gradually throughout the year.
Meanwhile, Bloomberg sources recently revealedthat the company has run into engineering problems and bugs that may delay the release of Apple’s promised overhaul of its digital assistant Siri, which was slated for April.
Sources claim that the update could now come in May or later.
The company also faces intensifying rivalry with Meta Platforms (NASDAQ:META), particularly in the emerging field of humanoid robots, as detailed in this piece from Bloomberg’s Mark Gurman.
2. Intel surges on acquisition rumors, then dips
Shares of Intel opened over 10 percent higher on Tuesday (February 18) after the Wall Street Journal reported over the weekend that rival chipmakers Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSMC) and Broadcom were both in talks to acquire different divisions of the company. According to the report, Broadcom is seeking Intel’s chip-design business, while TSMC is looking to acquire its chip-manufacturing unit.
Separately, Bloomberg reported on Monday (February 17) that Silver Lake Management was in talks to acquire a majority stake in Intel’s programmable chips unit, Altera, continuing the upward momentum.
The stock reached US$27.39 by the closing bell on Tuesday, nearly 14 percent higher than the closing price the previous Friday.
However, the majority of the company’s gains were promptly reversed on Wednesday after analysts voiced concerns over Intels’ potential break up and possible barriers to acquisition, such as different manufacturing processes. Regulatory scrutiny was also cited as a potential obstacle to any deal between Intel and TSMC.
And the Trump administration ‘could be wary of a foreign entity completely taking over an iconic US-firm,’ Bank of America analyst Vivek Arya wrote in a note to investors Tuesday, despite reports suggesting that the Taiwanese firm was considering the deal at the request of the Trump administration.
3. Ilya Sutskever’s SSI secures major investment
On Monday, Bloomberg disclosed a US$1 billion deal for OpenAI co-founder Ilya Sutskever’s start-up, Safe Superintelligence (SSI). Sutskever was formerly a chief scientist at OpenAI before leaving the company in May 2024.
Sutskever was a central figure in an attempt to remove OpenAI CEO Sam Altman from the company in November 2023; however, just days later Sutskever signed a letter demanding Altman’s return and said he regretted his participation.
He started SSI in June 2024, shortly after leaving OpenAI. The company focuses on building advanced artificial intelligence technology with safety features and has attracted significant interest from investors including Sequoia Capital, Andreessen Horowitz and DST Global, despite not yet generating revenue.
The latest funding round is led by venture capitalists at San Francisco-based firm Greenoaks Capital Partners, who have committed US$500 million, according to the report. Sources say the company is in talks to raise more than US$1 billion, potentially valuing the company at US$30 billion.
While Reuters provided details of the deal earlier in February, sources had previously valued the company at US$20 billion, a significant increase from its US$5 billion valuation following a funding round in September 2024.
Also this week, Mira Murati, another former OpenAI employee who previously served as the company’s chief technology officer, announced the name of her new venture, Thinking Machines Labs, via a blog post on Tuesday. Murati resigned from OpenAI in September 2024 after the company agreed to change its corporate structure, handing control to its for-profit arm as a stipulation of a US$6.6 billion funding round.
4. Palantir faces dual challenges
Shares of software company Palantir plunged by over 21 percent this week after Benzinga and other media outlets reported a regulatory disclosure on Wednesday, revealing CEO Alex Karp’s plan to sell nearly 10 million shares.
Later on Wednesday, the Pentagon announced it would cut roughly US$50 billion from its budget after it was ordered to reduce spending by 8 percent every year for the next five years last Friday by Defense Secretary Pete Hegseth. Cuts are likely to affect staffing as well as some weapons programs, according to NPR.
However, certain areas, such as border defense and spending on drones and submarines, will likely be exempt from the cuts or even receive increased funding.
“President Trump’s charge to the Department of Defense is clear: to achieve peace through strength,” wrote Robert G. Salesses, a senior Pentagon official, in a press release. “We will do this by putting forward budgets that revive the warrior ethos, rebuild our military, and reestablish deterrence.”
Palantir is a well-established defense contractor that works extensively with the US military. In December 2024, the company secured a US$401 million follow-on contract with the US Army to continue its work on the Vantage platform, an AI-powered data analysis tool used to improve decision-making and readiness. Its stock has seen remarkable growth, increasing by nearly 350 percent compared to its value a year ago.
5. Microsoft unveils new quantum chip
On Wednesday Microsoft unveiled its newest innovation, a quantum computing chip that the company claims can solve meaningful, industrial-scale problems in years, not decades.
Named Majorana 1, this chip stands apart from other quantum computing approaches due to its unique particles, which offer increased resilience against errors. Many qubits are incredibly sensitive to their environment, and tiny disturbances can cause them to lose their quantum information, resulting in computing errors.
Majorana 1 tackles this challenge with its unique architecture, where quantum information is distributed and protected, making it less susceptible to environmental disturbances and resulting in greater stability.
Microsoft refers to Majorana’s architecture as “topological,” which basically means the quantum information is encoded robustly, tied to the overall state of the system rather than individual parts.
This protection comes from the unique nature of the particles themselves: they’re Majorana particles, which are their own antiparticles—a very unusual property that contributes to their stability.
However, some researchers have cast doubt on whether Microsoft’s chips are capable of such stability.
Steven Simon, a theoretical physicist at the University of Oxford, UK, who was results at its research center in Santa Barbara, told Nature: “Would I bet my life that they’re seeing what they think they’re seeing? No, but it looks pretty good.”
He also said that there was no way to know from the experiment whether Microsoft had created qubits made of topological states. Notably, Microsoft previously claimed it had accomplished Majorana states in 2018, but later retracted its assertion in 2021 after further testing.
Still, Microsoft shares saw a boost after the press release, closing up 1.5 percent higher on Wednesday afternoon.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
Another week, another gold price record.
The yellow metal rose to a new high once again on Thursday (February 20), moving past the US$2,950 per ounce level for the first time ever.
It’s becoming increasingly clear that gold is being pushed higher by a strong base of underlying drivers, as well as day-to-day events.
Taking a look at this week’s key news around gold, headlines have centered on a possible audit of Fort Knox, a US Army installation in Kentucky. Fort Knox reportedly holds 147.3 million ounces of gold, but the last-known audit took place in 1953, and in the decades since then questions have been raised about whether it is intact.
The latest audit talk started when tech billionaire Elon Musk responded to a post on X in which a user said it would be ‘great’ to have Musk look into Fort Knox’s gold. Musk responded, ‘Surely it’s reviewed at least every year?’
Musk’s comment prompted a response from Senator Rand Paul (R-Ky.), who has advocated for increased transparency regarding the gold at Fort Knox for years. He signaled support for an audit with his reply, “Nope. Let’s do it.’
The idea has gained traction since then, with President Donald Trump quickly getting behind it — speaking to reporters on Air Force One, he said, ‘If the gold isn’t there, we’re going to be very upset.’
Fort Knox has been a big story for gold this week, but there are plenty of other developments worth tracking. I spoke with Craig Hemke of TFMetalsReport.com about the continued flow of gold from London to New York, and he suggested that the mainstream narrative that tariffs are driving this move could be wrong.
Instead, he believes the US may be preparing to monetize its gold, and could be bringing the precious metal into the country for that reason. He emphasized that there are many unknowns in this situation, but pointed to recent comments from newly appointed Secretary of the Treasury Scott Bessent to support this idea.
‘Within the next 12 months we’re going to monetize the asset side of the US balance sheet for the American people. We’re going to put the assets to work, and I think it’s going to be very exciting’ — US Secretary of the Treasury Scott Bessent
When asked what other under-the-radar issues we may be missing, Craig reminded investors not to forget the importance of central bank gold buying, which remains strong, and physical supply and demand numbers for gold as well as silver.
I’ll leave the link to the full interview with Craig in the video description — definitely check it out if you haven’t already and let me know your thoughts in the comments.
Bullet briefing — Barrick, Mali resolve disupte, Anglo, Codelco to team up
Barrick, Mali set to resolve dispute
Barrick Gold (TSX:ABX,NYSE:ABX) has reportedly signed a US$438 million deal that would end a dispute over its mining assets in Mali.
According to Reuters, the Mark Bristow-led company is now waiting for Mali’s government to issue formal approval. At the time of this recording the approval had not yet come, but it’s possible it will have arrived by the time this video is posted.
The dispute between Barrick and Mali has been ongoing for nearly two years, and in November resulted in the suspension of Barrick’s Loulo-Gounkoto operation.
Anglo, Codelco to team up in Chile
Anglo American (LSE:AAL,OTCQX:AAUKF) and Chilean state-owned miner Codelco have signed a memorandum of understanding to jointly operate their adjacent copper mines in the country, saying it will boost copper output with little additional capital.
Their joint release states that the arrangement will increase production of the red metal by an average of nearly 120,000 metric tons per year. In total, Anglo and Codelco anticipate generating further value of at least US$5 billion before tax.
The companies expect to enter definitive agreements in the second half of 2025.
On a similar note, Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) Chief Executive Jonathan Price said in a post-earnings conference call that his company is open to collaborating with Glencore (LSE:GLEN,OTC Pink:GLCNF) on copper in Chile.
“We do recognize the potential value of some form of tie up between those two operations. And it’s something that we’ve done a good deal of work on to understand the various ways in which that value could be unlocked’ — Jonathan Price, Teck Resources
Glencore made a bid for Teck in 2023, but ultimately only acquired the company’s coal business.
Price said he sees ‘potential value’ in a tie up between Teck’s QB2 mine and Glencore’s Collahuasi mine, but couldn’t share further details on plans.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
Bitcoin attracts bold predictions. Recent forecasts show that this top cryptocurrency may soon hit Bitcoin Reach $200000. Many trusted sources, including Yahoo Finance, CoinDesk, Bloomberg, and CNBC, have reported this forecast. This public news reflects rising optimism among market experts amid changing economic conditions.
Market Sentiment and Economic Drivers
Many analysts believe that economic uncertainty and rising prices create a strong chance for Bitcoin to serve as a safe asset. Investors now see Bitcoin as a reliable store of value. They shift funds to cryptocurrencies when they lose trust in traditional assets. In addition, new regulations in key markets push both large and small investors to spread their money across various assets.
Technical Analysis and Price Trends
Technical data supports a potential price surge. Long-term charts show an upward trend, while short-term drops offer good buying points. Trading volumes and network activity grow each day. Experts point to a limited supply and high demand as key reasons that Bitcoin Reach $200000 upto.
Investor Implications and Risk Management
Investors must stay alert in this volatile market. They should manage risk by diversifying their portfolios. Many experts advise reviewing holdings and allocating funds wisely. They also recommend keeping up with the latest market news and technical signals to guide decisions.
Conclusion
This forecast that Bitcoin may reach $200,000 comes from strong market sentiment, positive technical trends, and a unique economic climate. However, investors face a volatile market that demands caution. Experts urge both individual and institutional investors to monitor these trends closely and prepare for various market moves.
While reaching $200,000 is not guaranteed, this forecast offers valuable insight into the ever-changing crypto market. It shows that the market can shift quickly and that informed decisions are key. Investors should act wisely and stay updated on news and trends. By doing so, they can protect their investments and uncover new opportunities in the fast-paced world of cryptocurrencies.
The post Could Bitcoin Reach $200000? Market & Expert Insights appeared first on FinanceBrokerage.