Brightstar Resources (BTR:AU) has announced Gold Processing Underway. CY25 Gold Production Commences
Download the PDF here.
Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.
Highlights
A summary of the material terms and conditions of the binding option and earn-in agreement is set out in Annexure A.
Commenting on the Company’s strategic alliance with Boss Energy, Eclipse Metals Executive Chairman Carl Popal said:
“Partnering with Boss Energy is a key milestone for Eclipse Metals and the advancement of the Liverpool Uranium Project.
“Boss Energy as a uranium producer will accelerate our exploration efforts, bringing us closer to unlocking the full potential of this highly prospective region.
“This strategic alliance allows Eclipse to enhance shareholder value in this long-held asset while sharpening our focus on critical mineral opportunities. Our key projects in Greenland, with their rich rare earth and industrial mineral potential, and other Australian assets remain central to our mission of contributing to the global critical minerals supply chain.”
ABOUT THE LIVERPOOL URANIUM PROJECT
The Liverpool Uranium Project comprises five exploration licences – EL27584, ELA31065, ELA31770, ELA31771, and ELA31772 – covering 1,229 square kilometers. Notably, the Devil’s Elbow prospect within EL27584 has yielded high-grade surface uranium assays, including results up to 5.8% U₃O₈, as well as significant gold and palladium mineralisation (EPM announcement 20 April 2020).
The Company’s previous exploration programs focused on the area around the Devil’s Elbow, Terrace and Ferricrete uranium prospects, concentrating on high-priority areas defined by historical geochemical and radiometric anomalies within EL27584 and relatively unexplored ground south of the Ranger Fault.
The Devil’s Elbow prospects show strong similarities to the Jabiluka uranium and gold mine, which was discovered in 1971. Jabiluka is located 20km to the north of the Ranger Uranium Mine and about 75km west of the Devil’s Elbow. At Jabiluka, uranium and gold mineralisation occurs in an altered section of the Cahill Formation, near reverse faulting structures that are like those at the Devil’s Elbow prospect.
STRATEGIC SIGNIFICANCE
This strategic alliance combines Eclipse’s deep knowledge of the Project with Boss Energy’s proven expertise in uranium exploration and production. The Alligator Rivers Uranium Field is renowned for its high-grade deposits, positioning both companies to capitalise on the region’s significant potential.
Boss Energy intends to begin exploration activities on the Project during the 12-month option period, which will include mineral prospectivity mapping, target generation and validation of targets.
This strategic alliance underscores Eclipse’s commitment to expanding its diverse portfolio of mineral projects, while aiming to create shareholder value, and contribute to the global supply of critical minerals.
Click here for the full ASX Release
Things heated up this week on , featuring interviews with Kristina Hooper of Invesco, Keith Fitz-Gerald of The Fitz-Gerald Group, and Jordan Kimmel of Magnet Investing Insights!
Now that 5850 has been clearly violated to the downside, though, it’s all about the 200-day moving average, which both the S&P 500 and Nasdaq 100 tested this week. Friday’s rally kept the SPX just above its 200-day moving average, which means next week we’ll be looking for a potential break below this important trend-following mechanism.
But what if we apply a Fibonacci framework to the last big upswing during the previous bull phase? Using the August 2024 low and December 2024 high, that results in a 38.2% retracement level at 5722, almost precisely at the 200-day moving average. So now we have a “confluence of support” right at this week’s price range.
If next week sees the S&P 500 push below the 5700 level, that would mean a violation of moving average and Fibonacci support, and suggest much further downside potential for the equity benchmarks. Using that same Fibonacci framework, I’m looking at the 61.8% retracement level around 5500 as a reasonable downside target. With the limited pullbacks over the last two years, most finding support no more than 10% below the previous high, a breakdown of this magnitude would feel like a true bear market rotation for many investors.
So, despite rotating to more defensive positioning in anticipation of a breakdown, what other tools and techniques can we use to validate a new bear phase in the days and weeks to come? An updated version of Charles Dow’s foundational work, what I call “Newer Dow Theory”, could serve as a confirmation of a negative outcome for stocks.
Charles Dow used the Dow Industrials and Dow Railroads to define the trends for the two main pillars of the US economy, the producers of goods and the distributors of goods. For our modern service-oriented economy, I like to use the equal-weighted S&P 500 to represent the “old economy” stocks and the equal-weighted Nasdaq 100 to gauge the “new economy” names.
We can see a clear bearish non-confirmation last month, with the QQQE breaking to a new 52-week high while the RSP failed to do so. This often occurs toward the end of a bullish phase, and can represent an exhaustion point for buyers. Now we see both ETFs testing their swing lows from January. If both of these prices break to a new 2025 low in the weeks to come, that would generate a confirmed bearish signal from Newer Dow Theory, and imply that the bearish targets outlined above are most likely to be reached.
Many investors are treating this recent drawdown as yet another garden variety pullback within a bull market phase. And while we would be as happy as ever to declare a full recovery for the S&P 500, its failure to hold the 200-day moving average next week could be a nail in the coffin for the great bull market of 2024.
RR#6,
Dave
P.S. 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.
The next step in the stock market will be very interesting. I’ve been discussing a potential Q1 correction since our MarketVision event the first week of January and it’s here. The NASDAQ 100 ($NDX), from its high on February 19th (22222.61) to its low on Friday (19736.81), fell 11.19% before rallying Friday. The NASDAQ 100’s correction has been reached. The small cap Russell 2000 ETF (IWM) hit a high of 244.25 on November 25th. Its low Friday was 201.73. That’s a 17.41% tumble, which is approaching bear market territory.
So what about the benchmark S&P 500? Well, there’s plenty to consider, but I’ll give you my thoughts on what could happen here:
Looking at the above chart, here are several thoughts I have:
Fundamental news the next two weeks, along with the market’s reaction and rotation, will likely determine our path over the next month or so. Here are the critical economic releases/events to put on your calendar:
Listen, this recent selloff has been widely expected, if you follow market rotation and sentiment, and keep a healthy dose of perspective handy. Everyone likes to use fundamental arguments and their perception of the market environment to call bear markets……nearly every year. Few pay attention when the warning signs are out there, but everyone becomes an expert after the market begins to tumble.
I absolutely remain long-term bullish and believe that, once the current bearish phase ends, the S&P 500 will rally back to all-time highs. We may have to endure further pain first though. I doubt we’ve seen the ultimate 2025 bottom. We’ll need some very good news on CPI, PPI, and from the Fed meeting. I’d give that a 20-25% chance at this point.
For awhile, the 5-day SMA of the equity only put call ratio suggested that traders had grown way too bullish in the near-term and this is a contrarian indicator, meaning that the stock market usually moves opposite of sentiment, especially if the bullish or bearish sentiment extends too long. Take a look at the CPCE 5-day SMA over the past year:
I use the .55 level as the level at which options traders are growing too bullish and it signals a potential short-term top. On the above 1-year chart, you can see how effective 5-day SMA readings were in marking multiple short-term tops (red-dotted vertical lines). However, over the past 4-5 months, the 5-day SMA reading nearly lived at .55 or below (big red circle). That’s an extended period of bullishness and you can see that the S&P 500 really struggled to print higher highs (black curved line), despite all of the optimism and bullishness among options traders.
The 5-day SMA of the CPCE at .75 also has a tendency to suggest a short-term market bottom as options traders grow overly pessimistic. Look at where we are now. Despite a near bear market in small caps, a correction on the NDX, and a near-correction on the S&P 500, the 5-day SMA of the CPCE remains WELL BELOW .75 and even fell last week! This simply suggests that optimism remains and that could lead to further selling in the weeks ahead.
Given the prior warning signs and the recent increased market volatility, we’ve encouraged members over the past couple months to be careful and that cash is absolutely a position to consider. It also is a GREAT time to think about ways to better your trading success. I know many of you have followed me over the years, so I thought it would be an awesome time to discuss much of our research and how we do things at EarningsBeats.com. So for one week only, we are going to show exactly how we put together all of our ChartLists on the StockCharts.com platform.
These are intended to be brief “classes” this week, all starting at 5:30pm ET and lasting 45 minutes or so each. If you can’t attend any (or all) of these events live, no worries at all. We’ll record them and make sure all that register receive a copy of the recording.
To learn more, register, and save yourself a spot, sign up here. It’s time to gear up now, during this market weakness, for a better market and rally ahead. Join us and learn to trade smarter!
Happy trading!
Tom
The United Nations’ annual report on children in conflict zones isn’t set to come out until June, but the draft report obtained by Fox News Digital is already causing concern. The report excludes several examples of Israeli victims of the ongoing war, while lobbing accusations at the Jewish state.
Throughout the section of the report on Israeli and Palestinian children, there are instances of the U.N. conflicting verified and unverified data. Though the report admits that there is unverified data, it does not give any information on who was responsible for verifying the other figures. This lack of transparency leaves room to doubt the report’s accuracy.
‘We will not cooperate with a report that serves as a platform for baseless slander against Israel,’ Israeli U.N. Ambassador Danny Danon said in a statement sent exclusively to Fox News Digital.
The report claims that the Israel Defense Forces (IDF) kidnapped a Palestinian girl. While it is stated that the incident was verified, the U.N. provides no information on who did the verification. There are also no details about the incident in the report. It does not say where the child was allegedly abducted or whether she is alive.
In one of its more egregious claims, the report accuses IDF soldiers of using 27 Palestinian children as human shields in the West Bank and Gaza. Once again, the report claims these cases have been verified but does not say who confirmed them. The use of human shields is not a known IDF practice, but it is something Hamas has been accused of doing for years.
‘There are reports of the use of human shields by Hamas’ Izz al-Din Qassam Brigades and other Palestinian armed groups in the Gaza Strip,’ the draft of the report reads.
There is another Hamas tactic that the U.N. appears to pin on Israel in its report — the use of schools and hospitals as military outposts. Both Israel and the U.S. have verified that Hamas used hospitals in Gaza for military purposes.
In November 2023, just weeks after the war began, IDF Lt. Col. Jonathan Conricus posted a video tour of al-Shifa Hospital in Gaza showing weapons caches, Hamas paraphernalia and ammunition scattered throughout the facility.
Israel is also slammed in the report for denying Palestinians humanitarian aid. However, there is no mention of Hamas and Palestinian armed groups looting aid trucks. The United Nations Relief and Works Agency (UNRWA) said in November 2024 that of the 109 aid trucks that crossed from Israel into Gaza, 97 were ‘violently looted.’
What the U.N. left out of the report is also telling. While it does say that two Israeli boys were killed in captivity in Gaza, it does not name Kfir and Ariel Bibas, nor does it mention that they were killed by their captors. Additionally, the draft report contains no mention of the 12 Druze children killed by Hezbollah rocket fire while playing soccer in northern Israel.
‘The secretary-general once again chooses to blatantly ignore the violence and harm done to Israeli children. Based on this report, Israeli lives do not matter and are not worthy of attention. Israel will not let diplomatic terrorism prevail,’ Ambassador Danon told Fox News Digital.
A $53 billion Arab-backed plan for the reconstruction of Gaza has garnered support from France, Germany, Italy and the U.K., after receiving pushback from the U.S. and Israel.
‘The plan shows a realistic path to the reconstruction of Gaza and promises – if implemented – swift and sustainable improvement of the catastrophic living conditions for the Palestinians living in Gaza,’ the foreign ministers wrote in a joint statement.
The foreign ministers called for a post-war plan based on ‘a solid political and security framework,’ but reiterated the need for Hamas to not be able to govern Gaza. Additionally, the European leaders said that they are supportive of the Palestinian Authority’s (PA) ‘central role’ in a post-war Gaza and ‘the implementation of its reform agenda.’
The $53 billion Egyptian plan was meant as a counter to President Donald Trump’s U.S. takeover idea and comes after Cairo rejected the idea of accepting displaced Gazans for ‘national security’ reasons. While Trump’s plan would resettle Palestinians outside the Strip, Egypt’s proposal focuses on Palestinian-led reconstruction efforts.
Both the U.S. and Israel have rejected the Arab-backed plan for Gaza reconstruction. Israeli Ministry of Foreign Affairs Spokesperson Oren Marmorstein said in a statement that the plan ‘fails to address the realities of the situation following October 7th, 2023, remaining rooted in outdated perspectives.’
Marmorstein’s statement also criticized the plan for its reliance on the Palestinian Authority (PA) and the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). He says that both the PA and UNRWA ‘have repeatedly demonstrated corruption, support for terrorism, and failure in resolving the issue.’
While U.S. Special Envoy to the Middle East Steve Witkoff called the plan a ‘good faith first step,’ State Department Spokesperson Tammy Bruce told reporters that it ‘does not fulfill the requirements, the nature of what President Trump is asking for.’
Additionally, National Security Council spokesperson Brian Hughes expressed concerns about the plan in a statement provided to Fox News Digital.
‘The current proposal does not address the reality that Gaza is currently uninhabitable, and residents cannot humanely live in a territory covered in debris and unexploded ordnance. President Trump stands by his vision to rebuild Gaza free from Hamas.’
Trump received heavy criticism last month when he suggested the U.S. take over Gaza during a press conference with Israeli Prime Minister Benjamin Netnayahu. Trump’s proposal would involve the relocation of Palestinians and turning the enclave into the ‘Riviera of the Middle East.’
Fox News’ Efrat Lachter contributed to this report.
The White House has always been the most noble stage to present some of America’s finest performers, including musicians, singers, composers and more, while presidents have always interjected their favorite styles, artists and genres into entertaining at the White House. And our current president is no different.
One thing that President John F. Kennedy and President Donald J. Trump have in common is a love for musicals. It was First Lady Jacqueline Kennedy who coined her husband’s administration the name ‘Camelot,’ due to President Kennedy’s love of the song. Fast-forward more than six decades and First Lady Melania Trump has reintroduced the connection of musicals to the White House, in what has recently become a viral subject on social media.
President and Mrs. Trump have continued the tradition of hosting the nation’s governors at the White House during the National Governors Association’s annual winter meeting, which was held in late February. Instead of the customary review of the event being the unifying elements of bringing the nation’s governors together or the beautifully planned and executed candlelight dinner by the First Lady and the Executive Residence staff, and the stunning choice of Mrs. Trump’s Dolce & Gabbana tuxedo suit, much attention has been made to the selection of music performed by the United States Army Chorus.
As the military chorus processed down the majestic red carpet of the Cross Hall of the President’s House into the East Room in their crisp uniforms surrounded by the audience of governors, cabinet officials and White House senior staff, the familiar sounds of ‘God Bless the USA’ and ‘Do You Hear the People Sing?’ from the iconic Broadway musical, ‘Les Misérables’ were brilliantly performed.
Across a variety of media platforms, some have been quick to assume that the performance of the musical number had some sort of alternative meaning or was a protest by the military, assuming they had chosen the music. But, in actuality, the truth is, President Trump loves musicals and that particular song. Additionally, President and Mrs. Trump have a deep appreciation for highlighting our magnificent United States military, which is why they were selected to perform over an individual artist.
By most accounts, President Lyndon B. Johnson was the first to invite the nation’s governors to dinner at the White House. According to an AP report, Johnson felt ‘the chief executives of the states and the chief executive of the federal system ought to work with the same information,’ a sentiment that still holds true today. It was the Nixons, enthusiastic entertainers, however, who turned the event into the modern-day Governors Ball, a beautiful black-tie evening, often with a receiving line, a formal dinner and after-dinner entertainment.
In 1974, President Richard Nixon’s final year in office, the Governors Ball included one of the liveliest after-dinner shows of his White House tenure, courtesy of Pearl Bailey, one of the president’s favorite performers. The 50-minute performance was supposed to end with her hit ‘Hello Dolly.’ However, once the song had concluded, as Nixon went onto stage to thank her, Bailey began kidding him about his piano playing, reportedly saying: ‘You don’t play as well as I sing, but I don’t sing as well as you govern.’
She then fast-talked him into playing the piano, and invited the president to choose his own song, but she protested when he played ‘Home on the Range.’ Eventually, the entire audience stood up and joined in a chorus of ‘God Bless America.’
Show tunes and great entertainment at the Governors Ball did not end with the Nixon administration. President Gerald Ford and First Lady Betty Ford had only planned on dancing in the East Room to the music of Mike Carney, a New York-based pianist, but it quickly took a livelier note, as did most Ford galas, thanks again to Pearl Bailey. Following dancing and music, Bailey treated and delighted the crowd to her vintage hits.
Even the Carter administration, which was not known for its entertaining, put on a show to bring America’s governors together. In 1978, the Carter White House secured for the entertainment Beverly Sills, who was about to open a revival of ‘Merry Widow’ at the Metropolitan, and built the entire evening around her.
The Washington Evening Star reported, ‘Sills transformed it into a truly elegant ball. In her turn-of-the-century style gown of ivory satin with giant leg-of-mutton sleeves, the soprano with the strawberry blonde hair began to sing the beautiful music of ‘The Merry Widow.’ Together with baritone Alan Titus, she sang her way through several songs from the Viennese operetta.’
More recent presidents have also invited top performers. President George W. Bush and First Lady Laura Bush invited Vince Gill and Amy Grant once to entertain their guests. President Barack Obama and First Lady Michelle Obama, well-known music lovers, enjoyed legends such as Gladys Knight, Dianne Reeves, and Earth, Wind & Fire to the White House for the dinner honoring the nation’s governors.
Sometimes our presidents are not sending a political message, they are simply enjoying music. President Trump is widely known for being an admirer of musical theater, and for having a rather eclectic playlist where thousands of supporters hear songs like ‘YMCA’ as well as ‘Phantom of the Opera’ at his rallies.
What made President and Mrs. Trump’s most recent gubernatorial dinner special was not the music selection, but who performed it. The Trump White House is continuing its tradition of using military bands for nearly all events, and they have chosen to highlight them more so than any other administration.
The bands have performed at events at all levels, from the annual White House Easter Egg Roll to the most formal state dinners, including the State Dinner in honor of Australia, which was the largest gathering in the history of premier United States military musicians for such an occasion at the White House.
More than any other modern-day White House, President and Mrs. Trump have created a signature hallmark of their entertaining by placing America’s finest up on the greatest stage, the People’s House, with our United States military musicians.
Several Republican senators have taken issue with the American Bar Association (ABA) and are calling for President Donald Trump to take drastic action against the group. In a letter to ABA President William Bay, lawmakers said the group, which plays a key role in judicial nominations, had become ‘biased and ideologically captured.’ Now, those lawmakers want President Trump to ‘remove the ABA from the judicial nomination process entirely.’
Sen. Eric Schmitt, Sen. Ted Cruz, Sen. Marsha Blackburn, Sen. Josh Hawley, Sen. Bernie Moreno and Sen. Mike Lee are also calling on their fellow senators to ‘disregard the ABA’s recommendations.’
In the explosive letter there are allegations, including that the ABA has taken political stances against the Trump administration and that the group has been quiet about its taking funds from USAID. The federal aid group has been a target of the Trump administration, something the ABA has criticized.
‘The ABA states, ‘Americans expect better.’ But President Trump won both electoral and popular votes. It seems Americans expect — and want — the Trump administration,’ the senators’ letter reads.
Sen. Schmitt tweeted out the letter along with several criticisms of the ABA’s recent actions and statements. In particular, Schmitt took issue with statements the ABA published on Feb. 10 and March 3, both of which were critical of the Trump administration.
‘It has been three weeks since Inauguration Day. Most Americans recognize that newly elected leaders bring change. That is expected. But most Americans also expect that changes will take place in accordance with the rule of law,’ the ABA wrote in its Feb. 10 statement. Additionally, the Feb. 10 statement condemns the ‘dismantling of USAID.’
The senators reference this statement in their letter, saying that the ABA made ‘inflammatory claims’ against the Trump administration ‘without citing legal reasoning for those arguments.’ One of these claims is that the ‘dismantling of USAID’ is illegal, but the senators note that the ABA does not explain why these actions are not permitted under the law.
‘It is questionable whether the ABA is committed to defending liberty or its own sources of funding,’ the senators wrote, referring to the organization’s defense of USAID.
The lawmakers also criticized the ABA’s March 3 statement in which the group slams purported ‘efforts to undermine the courts.’ In their letter, the lawmakers note that the association did not issue any statements against former President Joe Biden when he defied the Supreme Court on student loan forgiveness.
In their letter, the senators call out the ABA’s implementation of diversity, equity and inclusion policies, which the Trump administration has been working to root out of the government.
The White House is calling out ‘rogue bureaucrats’ at a small federal agency for attempting to bar members of the Department of Government Efficiency (DOGE) from entering their headquarters this week.
Elon Musk’s DOGE team members and acting head of the U.S. Agency for International Development (USAID) Peter Marocco, in accordance with President Donald Trump’s executive order to downsize the federal government, sought to enter the U.S. African Development Foundation (USADF) building on Wednesday, but were denied entry after reportedly being intentionally locked out by members of the staff.
The cost-cutting team returned to USADF the next day with U.S. marshals after the Department of Justice (DOJ) determined that they had a right to enter the building, a White House official told Fox News Digital, prompting a lawsuit from USADF President Ward Brehm, who asked a district court to bar the administration from removing him from his position.
Brehm, who admitted to directing employees to deny DOGE entry, is attempting to block DOGE from entering the USADF offices, but the White House responded that ‘entitled, rogue bureaucrats have no authority to defy executive orders by the President of the United States or physically bar his representatives from entering the agencies they run.’
‘President Trump signed an executive order to reduce the federal bureaucracy, which reduced the USADF to its statutory minimum, and appointed Peter Marocco as acting Chairman of the Board,’ White House deputy press secretary Anna Kelly said in a statement shared with Fox News Digital.
In the lawsuit, filed on Thursday, Brehm alleges ‘unlawful overreach’ from DOGE and asks the court to give him a ‘clear entitlement to remain in his office as the President of USADF’ after Trump, according to the White House, appointed Marocco to serve as acting Chairman of the Board.
‘The threatened termination of Brehm from his position as President of USADF, whether by Marocco, President Trump, Director Gao, or any of the remaining Defendants, is unlawful,’ the 26-page complaint reads.
On Friday, District Judge Richard J. Leon in Washington, D.C., issued a temporary restraining order preventing Brehm’s removal.
Trump has applauded DOGE’s efforts to cut hundreds of millions of dollars in ‘waste’ from the federal government as he makes ‘bold and profound change’ within the federal government.
‘My administration will reclaim power from this unaccountable bureaucracy, and we will restore true democracy to America again,’ Trump said during his address to a joint session of Congress on Tuesday.
‘Any federal bureaucrat who resists this change will be removed from office immediately, because we are draining the swamp. It’s very simple,’ the president said. ‘The days of rule by unelected bureaucrats are over.’
Fox News Digital reached out to Brehm and USADF for comment, but did not receive a response by the time of publication.
