Breaking
Value Stock Insider
Author

admin

Browsing
Politics

Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

Politics 3 Mins Read

President Donald Trump isn’t ‘trolling’ when it comes to efforts to acquire Greenland and make Canada the 51st state. 

Trump has discussed acquiring Greenland, Canada and Panama for months — and regularly has referred to Canada as the 51st U.S. state. Despite skepticism from some, Trump said in an interview with TIME magazine published Friday that he’s serious about these proposals. 

When asked by TIME’s Eric Cortellessa whether Trump was ‘trolling a bit’ suggesting Canada join the U.S., Trump replied, ‘Actually, no, I’m not.’

 

Cortellessa then asked if Trump intended to ‘grow the American empire,’ prompting Trump to double down on the significance of acquiring these key pieces of territory. 

‘Well, it depends as an empire, it wasn’t, these are not things that we had before, so I’d view it a little bit differently if we had the right opportunity,’ Trump said. ‘Yeah, I think Greenland would be very well off if they I think it’s important for us for national security and even international security.’

Trump also claimed the U.S. is ‘losing’ money supporting Canada, and the only solution on the table is for it to become a state. 

‘We’re taking care of their military,’ Trump said. ‘We’re taking care of every aspect of their lives, and we don’t need them to make cars for us. In fact, we don’t want them to make cars for us. We want to make our own cars. We don’t need their lumber. We don’t need their energy. We don’t need anything from Canada. And I say the only way this thing really works is for Canada to become a state.’

The TIME piece was published a day after Canadian Prime Minister Mark Carney told reporters that Trump routinely discusses Canada becoming a state, claiming that Trump brings it up ‘all the time.’ Carney has previously shut down any notions that Canada will become a U.S. state. 

Meanwhile, Trump has emphasized that Greenland is key for national security purposes. While the Danish territory has said it is seeking independence from Copenhagen and isn’t inclined to join the U.S., Trump has voiced a strong desire to secure Greenland amid increase Russian and Chinese presence in the Arctic.

‘If you look at Greenland right now, if you look at the waterways, you have Chinese and Russian ships all over the place, and we’re not going to be able to do that,’ Trump told reporters in March. ‘We’re not relying on Denmark or anybody to take care of that situation. And we’re not talking about peace for the United States, we’re talking about world peace, we’re talking about international security.’

This post appeared first on FOX NEWS

Keep Reading
Politics

Trump’s goodwill tested as Putin ignores peace efforts during Witkoff’s visit

Politics 5 Mins Read

President Donald Trump’s patience is being tested by Russian President Vladimir Putin, who launched a barrage of airstrikes on the Ukrainian capital city of Kyiv, killing 12 people and injuring nearly 100 more this week, one day ahead of Special Envoy Steve Witkoff’s fourth visit to Moscow.

Trump told reporters Friday he believes it is ‘possible’ and even ‘very probable’ his administration will negotiate a peace deal between Russia and Ukraine. 

‘I think, in the end, we’re going to end up with a lot of good deals, including tariff deals and trade deals. We’re going to make our country rich,’ Trump said ahead of his departure for Rome. ‘We’re going to try and get out of war so that we can save 5,000 people a week. That’s what my aim is.’

Trump repeated that he has no deadline for a deal, only that one must be ironed out ‘as fast as possible.’

He made his comments one week after the U.S. threatened to abandon talks if Russia and Ukraine didn’t soon reach a deal and one day after Trump issued a direct message to Putin on social media to ‘stop’ bombing Ukraine. 

‘I am not happy with the Russian strikes on KYIV. Not necessary, and very bad timing. Vladimir, STOP! 5,000 soldiers a week are dying. Let’s get the peace deal DONE,’ he wrote. 

Trump also conceded that his repeated claims from the campaign trail that he would have the war in Ukraine stopped within 24 hours of taking office were not based on realistic goals but were ‘figurative.’

‘I said that as an exaggeration,’ he told reporters, again blaming the war on his predecessor, President Biden.

But it appears Trump’s verbal warnings to Putin have fallen on deaf ears, similar to the results of Biden’s verbal warnings. Trump has repeatedly accused Biden of being partly at fault for the war, though he has not explained why. 

Former Moscow CIA Station Chief Dan Hoffman said he and other security experts repeatedly warned that, under the Biden administration, Ukraine was not sufficiently armed to adequately take on Russia. 

‘After failing to deter Putin’s invasion, the Biden administration just kept Ukraine in the fight but didn’t give Ukraine a chance to punch back fast enough or hard enough,’ he said.

‘There are three options,’ Hoffman added, explaining how the U.S. can use its position as leverage over Moscow. ‘One, entice Russia. That’s what Trump is trying to do with trade deals and eliminating sanctions. And Putin has kind of plowed through that by rejecting confidence-building ceasefire deals.

‘The second option is to make Putin pay on the battlefield so that he feels so much pain he has to stop the invasion,’ he added. ‘We convince Putin that we’re going to rearm Ukraine by saying, ‘We’ve offered you a great deal. You don’t want the deal, we’re going to arm the Ukrainians.

‘The third option is to just walk away and let Europe fend for themselves and support Ukraine as much as they can. We would run the risk that Russia would take more territory from Ukraine. That would be a victory for Russia and its allies – China, North Korea and Iran.

‘Let them do it, and then you’ll pay the price everywhere else in the world,’ Hoffman warned, referring to China’s threats against Taiwan. ‘Americans don’t like to fight wars. OK, we don’t like to lose wars either.’

An official with knowledge of the talks told Fox News Digital Friday that ‘Ambassador Witkoff is in Russia to meet with President Putin as part of President Trump’s efforts to make peace. 

‘It’s long past time for the death and destruction to stop, to move past the failed strategies of the past and for an end to this devastating conflict,’ the official added without commenting on the ‘substance of negotiations.’

A report by Axios this week suggested the White House had extended a ‘final offer’ to Ukraine and Russia that called on Kyiv to recognize Russia’s occupation of nearly all the Luhansk region and the occupied areas of the Donetsk, Kherson and Zaporizhzhia regions.

It also said the U.S. would agree to recognize Crimea, which Putin illegally seized from Ukraine in 2014, as now legally a part of Russia, and that Washington would lift sanctions. 

Neither the White House nor the National Security Council responded to Fox News Digital’s repeated questions about whether there will be consequences for Putin should he fail to enter into an agreement with Ukraine.

The administration also did not comment on why it believes Putin wants to enter into an agreement with the U.S. when security officials have repeatedly warned otherwise. 

Ukrainian President Volodymyr Zelenskyy has already said he will not acknowledge Crimea as a part of Russia but rather as Ukrainian land illegally occupied by Russia.

Zelenskyy also on Thursday posted a 2018 ‘Crimea declaration’ by Trump’s first-term Secretary of State, Mike Pompeo, which said, ‘No country can change the borders of another by force’ in a move to signify Trump’s apparent position change that now favors Russia.

This post appeared first on FOX NEWS

Keep Reading
Politics

Hegseth signs ‘No More Walking on Eggshells’ policy, demands review of equal opportunity complaint process

Politics 3 Mins Read

Defense Secretary Pete Hegseth signed a memo on Friday calling for a review of Military Equal Opportunity and DoD civilian Equal Employment Opportunity programs. The secretaries of each military department are required under the memo to assess the programs in place within their own departments.

In a video posted on X announcing the memo, Hegseth said that while it’s ‘a good thing’ that the military has multiple avenues for both service members and civilians to complain about harassment and discrimination, the systems have been ‘weaponized’ and used ‘in bad faith to retaliate against superiors or peers.’

The memo’s official title is ‘Restoring Good Order and Discipline Through Balanced Accountability,’ but Hegseth says he calls it the ‘No More Walking on Eggshells’ policy.

‘So, here’s the goal: empower leaders to make tough decisions, enforce standards, and restore good order and discipline,’ Hegseth said in the video.

The memo directs the secretaries to ensure that complaints that ‘are unsubstantiated by actionable, credible evidence are timely dismissed.’ Additionally, ‘favorable actions,’ such as awards and promotions, involving the alleged offender are to be considered until the complaint is substantiated. Finally, the memo states that those who ‘knowingly submit false complaints’ may face discipline.

The secretaries have 45 days to complete their reviews.

Hegseth is no stranger to controversy and has faced several allegations since being tapped to lead DoD. It is not a stretch to imagine that he might have empathy for those facing false or unsubstantiated allegations.

 

Prior to his confirmation, Hegseth faced allegations of sexual misconduct, alcohol abuse and mismanagement of veterans’ organizations. This included an affidavit by his former sister-in-law in which she alleged that Hegseth was physically abusive to his ex-wife, Samantha ‘Sam’ Hegseth. However, Sam denied the allegations, saying she did not experience physical abuse during her marriage to Hegseth.

Hegseth told lawmakers during his confirmation hearing that he is not a ‘perfect person,’ but asserted that he was the subject of a ‘coordinated smear campaign orchestrated in the media.’ 

Additionally, since becoming secretary of defense, Hegseth has been involved in two scandals regarding the encrypted messaging app Signal.

The first scandal occurred when The Atlantic’s Jeffrey Goldberg was added to a Signal chat in which there were discussions about plans for the U.S. to strike Yemen. While National Security Advisor Mike Waltz took a lot of heat for the situation, Hegseth was not spared from criticism. In the end, the Trump administration insisted that the discussions in the group did not actually involve ‘war plans.’

On Sunday, Hegseth was accused of sharing military information in a Signal group chat that included his wife, brother and personal attorney. The New York Times reported that people with knowledge of the situation said the information ‘included the flight schedules for the F/A-18 Hornets targeting the Houthis in Yemen.’ 

Hegseth told ‘FOX & Friends’ that the allegations were meant to ‘sabotage’ President Donald Trump’s agenda.

Despite an op-ed suggesting that Hegseth could be on the way out, the White House has stood behind him.

‘He is bringing monumental change to the Pentagon, and there’s a lot of people in the city who reject monumental change, and I think, frankly, that’s why we’ve seen a smear campaign against the Secretary of Defense since the moment that President Trump announced his nomination before the United States Senate,’ White House press secretary Karoline Leavitt told reporters on Tuesday. 

Diana Stancy contributed to this report.

This post appeared first on FOX NEWS

Keep Reading
Politics

Judge temporarily blocks Trump order ending collective bargaining rights for most federal workers

Politics 2 Mins Read

A federal judge on Friday temporarily blocked an executive order from President Donald Trump that would cancel collective bargaining rights for most federal workers. 

U.S. District Judge Paul Friedman blocked the Trump administration from implementing the order following a lawsuit from the National Treasury Employees Union, which represents about 160,000 federal employees.

The union claims in the lawsuit that the order would violate federal workers’ labor rights and is unconstitutional, adding that it would lose two-thirds of its membership and half of its dues if they order is allowed to go through. 

The order exempted more than a dozen agencies from the requirement to bargain with unions, including the departments of Justice, State, Defense, Treasury, Veterans Affairs, and Health and Human Services departments.

It affects around 75% of the nearly one million federal workers represented by unions and expands an existing rule that exempts national security agencies like the FBI and CIA from collective bargaining requirements.

The U.S. Treasury Department also filed a lawsuit against the NTEU following the order to invalidate a collective bargaining agreement involving IRS employees. 

The order is part of the administration’s efforts to lessen the size of the federal government, by making it easier to discipline and fire workers and change working conditions. 

The temporary injunction will remain in place pending the outcome of the NTEU lawsuit. 

Friedman said he would issue an opinion explaining his ruling in the next few days.

He also gave attorneys on both sides a week to propose how the lawsuit should move forward. 

Fox News Digital has reached out to the White House for comment. 

The Associated Press and Reuters contributed to this report. 

This post appeared first on FOX NEWS

Keep Reading
Politics

Trump’s MAGA imprint on GOP strong now, but will it last? Experts weigh in

Politics 4 Mins Read

President Donald Trump recently hyped a new national poll which indicates an increasing percentage of Republicans now identify as MAGA supporters.

The president, in a social media post, pointed to what he said was ‘tremendous support’ for MAGA, which is the acronym for Trump’s ‘Make America Great Again’ movement.

‘I am not, at all, surprised!!!’ Trump wrote, days ahead of the 100-days milestone.

The poll indicated that 71% of Republicans now identify as MAGA supporters, up from 55% in November.

The NBC News survey is the latest piece of evidence of Trump’s extremely firm grip over the GOP, and his remaking of the Republican Party in his image, a transformation that started with the president’s initial White House victory in 20216.

While the president repeatedly teases the possibility of running for re-election in 2028, the reality is that serving a third term is clearly prohibited by the Constitution under the 22nd Amendment.

So what happens to Trump’s MAGA movement and America First agenda after he departs the White House?

‘The Republican Party will never go back to what it was. The old Republican Party of [former longtime Senate GOP leader] Mitch McConnell run by Washington elites died forever in 2024,’ longtime Republican consultant Alex Castellanos told Fox News Digital.

Castellanos, a veteran of numerous GOP presidential campaigns, emphasized that ‘the Republican Party of Donald Trump is alive and growing out in America.’

And he made the case that ‘what happened in 2024 is that what was a man became a movement.’

David Kochul, another longtime Republican strategist with plenty of experience on the presidential campaign trail, concurred that ‘we’re not going back to what the party looked like in 2012. That’s for sure. We’re going forward to something new and different.’

Even a vocal Republican critic of Trump agrees.

Former congressman and former two-term Arkansas Gov. Asa Hutchinson, who launched an unsuccessful 2024 Republican presidential nomination bid, acknowledged that ‘those who want the GOP to go a different direction from the MAGA leadership of President Trump are now fighting an uphill battle.’

‘Trump has found his stride with his anti-immigrant message and it is overshadowing the chaos from his super-charged tariff war and its impact on the economy,’ Hutchinson told Fox News Digital.

Whoever succeeds Trump as GOP standardbearer – be it heir apparent Vice President JD Vance or someone else – won’t be Trump.

‘Trump is such a unique actor and figure. He can’t be replicated,’ Kochul stressed. ‘Nobody can be the next Donald Trump. That’s not possible. He’s singular.’

But his movement will have some staying power.

‘Just like the Reagan Revolution, Trump’s legacy and messaging will prevail beyond his last day in office,’ Dave Carney, another longtime Republican consultant and presidential campaign trail veteran, told Fox News. 

But Carney argued that Trump’s legacy may ‘wane over years unless the next Republican president continues it.’

‘Is it going to be as hot and heavy as it is now without his personality? Carney asked.

Answering his own question, he said, ‘No. You need to have a messenger to carry that theme.’

But Castellanos noted that Trump has ‘spawned a new younger generation of MAGA leaders who will carry on the MAGA movement long after Trump.’

Pointing to Vance and others, Castellanos described ‘a fresh generation of MAGA.’

‘The players on the MAGA farm team are now playing major league ball,’ he said.

Kochul, looking to the future of the GOP, said that ‘it will be more populist, whomever emerges.’

And as for those future leaders, he suggested that ‘we’ve got a lot of great leadership and a great bench.’

Hutchinson, a former U.S. attorney under Ronald Reagan and high-ranking official in George W. Bush’s administration, also weighed in on the future of Trump’s MAGA movement.

‘Whether Trump’s dominance continues beyond the next few years depends upon the tolerance level of the GOP base on Trump’s view that ‘he is the law’ rather than respecting the separation of powers that have served our country well,’ Hutchinson said.

This post appeared first on FOX NEWS

Keep Reading
Stock

Everything Looks Fine… Until You See This Chart

Stock 6 Mins Read

It’s Wednesday, and markets rose sharply as President Trump walked back his comments on removing Fed Chair Jerome Powell and Treasury Secretary Bessent admitted that the trade war with China may not be sustainable.

Like most investors, you’re probably wondering: Is the market chaos starting to settle down, or am I walking into the jaws of another bear trap?

Short of reliable fundamentals amid an onslaught of unpredictable geopolitical volleys, it’s probably best to examine the technical data. Turning to the Market Summary page, I scrolled down to the Breadth window to see which indices or markets are trading above their 20-day exponential moving average (EMA), as it might reveal which ones are recovering.

NOTE: All Market Summary screenshots were taken on Wednesday at the time of writing.

Breadth Snapshot: A Mixed Signal

FIGURE 1. MARKET SUMMARY BREADTH WINDOW. Are we seeing a recovery here?

You can see that over 45% of stocks in the S&P 500 ($SPX) and the NYSE Composite Index ($NYA) are trading above their 20-day EMA. The NASDAQ Composite ($COMPQ) has an even higher percentage, with over half of its stocks trading above that level.

As the color code indicates, this isn’t bullish. It’s neutral. But are we seeing early signs of a turnaround? If so, you, like most investors, probably want to catch it early. But it may also be a false signal. To get an additional breadth angle, look at the Bullish Percent Index (BPI) window to see how many stocks within the broader market and exchanges generate Point & Figure Buy Signals (see below).

Bullish Percent Index: The S&P 500 Leads the Pack

FIGURE 2. MARKET SUMMARY BPI. The S&P 500 is the most bullish among the indices and exchange groups.

The NASDAQ has the most bearish reading, but the tech-heavy Nasdaq 100 is just a few points away from bullish. The S&P 500 is flashing the most bullish signal, with 60% of stocks in the index signaling P&F buy alerts.

So far, the outlook seems cautiously optimistic at best — we might be climbing out of the woods. But to get a fuller picture, it helps to examine another set of critical angles: market sentiment and money flows.

  • Can we get a data-driven measurement of investor bullishness vs. bearishness?
  • And just as important, how does that sentiment translate into actual money movement? Are investors, especially institutions, putting capital into the markets or pulling it out?

To answer these, let’s analyze the AAII Bulls – Bears sentiment indicator alongside a weekly chart of the S&P 500. Let’s also apply the Chaikin Money Flow (CMF) indicator to provide a longer-term view of buying and selling pressure in the market.

This chart is available on the Market Summary Sentiment window. However, I modified this weekly chart a bit, and you can see this below.

Sentiment Check: Bearish Underpinnings

FIGURE 3. WEEKLY CHART OF THE S&P FEATURING THE AAII BULLS – BEARS INDICATOR. Subtracting the bullish from bearish forecasts, you get net negative sentiment.

A couple of foreboding signs: the S&P is well below its 40-week simple moving average (the equivalent of a 200-day moving average), and the net AAII Bull-Bear sentiment (bottom end of the indicator pair) reads net bearish.

As for the first, you’re aware of the saying that nothing good happens under the 200-day moving average. Just look at the S&P 500’s price action in 2022. Is the current market about to undergo a similarly prolonged period of volatile declines?

As for the second sign, the AAII Bulls-Bears, it’s overwhelmingly bearish. Here’s something to think about: this indicator is based on a weekly sentiment survey of its members. While the group has around 160,000 member investors, the weekly responses usually fall between 100 and 350. It’s a voluntary survey, so the participation rate can vary quite a bit, often skewing the results. Still, it’s a closely watched barometer of retail sentiment.

Money Flow: Caution at the Zero Line

Aside from sentiment, what does the longer-term money flow picture look like?

Take a look at the CMF indicator plotted below the chart. The blue circle highlights the CMF hovering right at the zero line.

On a weekly scale, this suggests that buying pressure has cooled, but the CMF hasn’t crossed into clear-cut selling pressure territory yet. That raises the question: Is this a pause before a rebound, or a warning of more downside to come?

The CMF doesn’t distinguish retail from institutional capital. However, institutional investors operate on longer timeframes. Given the current geopolitical uncertainty, what we’re seeing may reflect a pause or outright indecision. Either way, it’s likely some catalyst will eventually trigger a move, and when it does, any institutional response could last for weeks, if not longer.

Euphoria or Exhaustion?

Despite the April rallies, markets seem to be reacting more to political theater than fundamentals. Vague remarks from officials like Treasury Secretary Bessent have fueled optimism, yet there’s little real progress on trade or economic policy to back it up. With corporate layoffs rising, port activity collapsing, and U.S. reliance on Chinese imports deepening, the structural cracks appear to be widening.

Meanwhile, markets dance to headlines — often without substance — as if investors are being nudged along by said headlines. Is this euphoria? If it is, this euphoria may not signal strength but rather a dangerous calm before a deeper decline. 

At the Close: Tread Carefully!

The Market Summary offers a clear starting point for gauging the surface and penetrating beyond it. By watching key indicators like breadth, sentiment, and money flow, you can better assess whether we’re seeing the start of a true recovery or just another bear trap. Stay cautious. Don’t trade on news, but analyze how markets react to news. In other words, follow the data and wait for real evidence before leaning into any rally.

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.

Keep Reading
Stock

Sentiment Signals Suggest Skepticism

Stock 4 Mins Read

When I consider the equity markets from a macro perspective, I begin with the analysis of the price of the S&P 500.  Then I use breadth indicators to confirm what I’m seeing by analyzing price action. Finally, and still very importantly, I look at market sentiment indicators that speak to how investors are feeling about the markets at any given moment.

While we’ve experienced a significant rally off the early April lows, my review of key sentiment indicators will show that there is definitely not rampant optimism these days. To the contrary, most signals appear to be similar to early-stage bearish phases. Let’s review the evidence together.

AAII Survey Shows Notable Lack of Bulls

The American Association of Individual Investors (AAII) conducts a weekly survey of members, asking if they are bullish, bearish, or neutral about equities. The latest weekly data from this poll shows 22% bullish and 56% bearish, with a 34% spread between the two buckets.

In the weeks following the February 2024 market peak, the AAII bullish reading plunged from about 45% to 20% and has remained around that level ever since. Bearish readings have been in the 55-60% range during the last eight weeks, and the spread between bulls and bears has been fairly consistent.

Despite many calls for optimism on the recent bounce in our major equity benchmarks, the AAII survey is suggesting that individual investors remain quite skeptical about further upside at this point. And if you look back to 2022, you’ll see that this survey can remain in this general range for quite some time during protracted bear phases.

NAAIM Exposure Index Indicates Defensive Positioning

Now let’s look at two more sentiment indicators, starting with the NAAIM Exposure Index. As I discussed in a recent podcast interview with the President of NAAIM, the National Association of Active Investment Managers, this is an organization of money managers who are asked about their exposure to the equity markets every week.

The latest results of that survey show an average allocation around 41%, down from just over 90% at the February market peak. So while I’ve heard rumblings of institutional investors piling into risk assets off the April low, this survey would suggest that there is still plenty of capital patiently waiting on the sidelines. And while the current reading at 41% is well below average, we’ve seen the indicator reach down to single digits during previous bear market cycles.

Rydex Flows Not Yet at Extreme Levels

The bottom panel in that previous chart shows the Rydex fund flows, showing how investors in the Rydex fund family are rotating between offensive and defensive positioning. This week, we observed a new log for 2025, showing the Rydex fund investors have continued to rotate to more defensive positions off the February market high. Look further to the left and you’ll see that in 2022, 2020, and late 2018, this indicator reached much deeper levels before a major market bottom was finally achieved. So while the recent rotation confirms a more cautious outlook for investors, it has not yet reached extreme enough readings to be giving a clear signal of downside capitulation.

In the order of importance, I would put price at the top of the list. Should the S&P 500 regains its 200-day moving average, I will find it much more difficult to remain bearish about market conditions. But based on my latest analysis of key market sentiment indicators, the bears may have more time in the sun before this pullback phase is over.

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.

Keep Reading
Investing

Opawica Explorations Inc. Drills 28m of Mineralization with strong XRF readings

Investing 5 Mins Read

(TheNewswire)

April 24th, 2025 TheNewswire – Vancouver, B.C. Opawica Explorations Inc . (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the ‘Company’ or ‘Opawica’), a Canadian mineral exploration company focused on precious and base metals in the Abitibi Gold Belt is providing an update on its 2025 exploration campaign at the Bazooka Property (‘Bazooka’)..

In drill hole OP-25-31 Opawica Explorations intersected a broad 28 m zone of shearing, silicification, quartz veining, some arsenic. The d rill hole intercepted the target zone from 307 to 335 m, consisting of well-sheared, silicified and quartz veining sediments. The XRF readings of arsenic range from 1000 ppm As at the beginning of the zone to 200 ppm As at the end of the zone. The central part of the zone maintained a 1000 ppm As. One point XRF reading gave a reading of 92 g/t Au

Opawica has now completed it first phase of its drill program on the Bazooka Property. The program consisted of 3359 m in drilling in 14 holes. All the drill core has been split and logged. A total of 1384 m of core were sampled for a total of 1112 samples. All the 1112 samples are now at the laboratory for analysis.

Blake Morgan CEO stated ‘With nearly 7000M of high priority targets remaining on the Bazooka Property and 10,000m high priority targets remaining on the Arrowhead. The team is eagerly awaiting assays. With multiple thick intercepts with high XRF readings of 234 g/t Au, the team has decided to await assays before making its next drilling move. So far we have been ecstatic with what we have been seeing. Multiple thick intercepts with fantastic XRF reading for gold and Nickle and on top of that, visible gold. We will have some more updates shortly and hope to get the assays back over the next few weeks’.

Assay core samples are at ALS Chemex lab of Rouyn-Noranda, 165 Rue Jacques-Bibeau, Que. (an ISO/IEC 17025:2005 accredited facility). The sampling program is undertaken by company personnel under the direction of Yvan Bussieres, PEng. A secure chain of custody is maintained in transporting and storing of all samples. The rock samples will undergo fire assays, 1E3 (aqua regia) — ICP/OES and select samples underwent gravimetries.

X-ray fluorescence is a non-destructive analytical technique used to determine the elemental composition of materials such as drill cores. XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source. The company notes the results only provide an indication of the amount of minerals present. Certified assaying of the core samples is required to accurately determine the amount of base metal and precious metal mineralization.

Samples of mineralization were taken at 0.5-metre-to-1.5-metre intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades. The core was split in two separate sections — one-half of the core and the other half was sent for analysis.

Mr. Yvan Bussieres, P.Eng., reviewed and approved the technical content of this news release. The qualified person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company’s properties

About Opawica Explorations Inc.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances as required by applicable law.


Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Crypto Market Recap: $TRUMP Token Rebounds as President Extends Exclusive Invitation

Investing 7 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (April 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$93,529.14 as markets closed for the day, up 2.2 percent in 24 hours. The day’s range has seen a low of US$92,078.75 and a high of US$94,122.31.

Bitcoin performance, April 23, 2025.

Chart via TradingView.

Fueledby the re-entry of institutional investment, the crypto markets appear to be headed towards a robust recovery; however, the long-term trajectory remains to be seen.

Ethereum (ETH) ended the day at US$1,785.14, a 5.2 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,767.67 and a high of US$1,815.24.

Altcoin price update

  • Solana (SOL) ended the day valued at US$150.05, up four percent over 24 hours. SOL experienced a low of US$149.31 and peaked at $153.47.
  • XRP traded at US$2.22, reflecting a three percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.20 and reached its highest point at US$2.29.
  • Sui (SUI) was priced at US$2.98, showing an increaseof 21 percent over the past 24 hours. It achieved a daily low of US$2.89 and a high of US$3.06.
  • Cardano (ADA) was trading at US$0.6981, up 6.3 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6873, with a high of US$0.7138.

Today’s crypto news to know

Riot Platforms secures US$100 million credit facility backed by Bitcoin

Riot Platforms (NASDAQ:RIOT) secured a US$100 million credit facility from Coinbase (NASDAQ:COIN) on Wednesday (April 23), using a massive Bitcoin stockpile as collateral.

Data from Bitcoin Treasuries indicates that Riot holds 19,223 BTC valued at approximately US$1.8 billion, making the company the third-largest corporate Bitcoin treasury behind Michael Saylor’s Strategy and MARA Holdings.

“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,” said Jason Les, CEO of Riot, in a press release. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.”

Brandon Lutnick forms new Bitcoin investment vehicle

Brandon Lutnick, son of US Commerce Secretary and former Cantor Fitzgerald Chairman Howard Lutnick, will launch a listed Bitcoin investment vehicle through a reverse merger with Cantor Equity Partners, a special purpose acquisition company (SPAC). This is according to a Tuesday (April 22) report by the Financial Times (FT).

The newly-established entity, purportedly named Twenty One Capital, will be led by co-founder Jack Mallers, the CEO of Bitcoin-focused payments app Strike, and majority owned by Tether (USDT) and cryptocurrency exchange Bitfinex. SoftBank (TSE:9984, OTCPINK:SOBKY) will also own a ‘significant minority’ stake. Sources for FT say Tether will contribute at least US$1.5 billion worth of Bitcoin.

The company will also raise US$385 million through a convertible bond and US$200 million via a private equity placement, which will be used to acquire more Bitcoin. Eventually, SoftBank, Tether and Bitfinex’s investments will be converted from Bitcoin into shares in Twenty One Capital, with a price of US$13 per share for the private placement and US$10 per share for the convertible bond.

According to the report, Twenty One Capital will launch with 42,000 BTC, making it the world’s third-largest Bitcoin reserve. “With a visionary leader at the helm and backing from two renowned industry leaders, Twenty One is designed to help investors capture value from Bitcoin’s growing global demand and increasing institutional adoption,” Lutnick said in a press release on Wednesday. The deal values the new company at US$3.6 billion based on an approximate US$85,000 Bitcoin valuation. As of writing, Bitcoin is valued at US$93,808.31.

Trump to Host Exclusive Dinner for $TRUMP Token Holders

Lauded as “the most exclusive invitation in the world”, US President Donald Trump will host a dinner for the top 220 holders of his $TRUMP token in Washington, D.C. on May 22. News of the event, which was announced on the memecoin’s official website, sent $TRUMP’s valuation up by over 55 percent in under an hour. $TRUMP reached US$14.44 at around midday on April 23, its highest valuation since mid-February. As of writing, $TRUMP is valued at US$13.46.

Top token holders are required to link their wallets for holding verification. The top 25 holders will gather for a private reception with the President before dinner.

Around 40 million $TRUMP tokens, or roughly 20 percent of the tokens’ circulating supply, were unlocked on April 17, valued slightly above US$300 million at the time. $TRUMP reached an all-time high of US$75.35 on January 19, according to data from CoinMarket Cap. This was followed by an abrupt reversal and steady decline in Q1 to valuations between US$9 – US$7 in April.

Bitcoin ETFs see US$936 million in daily inflows

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their strongest day of inflows since January, pulling in a combined US$936 million on Tuesday (April 22) across 10 issuers.

Leading the charge were Ark & 21Shares with US$267.1 million, Fidelity’s FBTC with US$253.8 million and BlackRock’s IBIT, which added US$193.5 million.

Over the past three days, total net inflows into Bitcoin ETFs have surpassed $1.4 billion, signaling renewed institutional confidence in crypto markets. Analysts attribute the momentum to persistent inflation, a weakening US dollar and growing fears over geopolitical instability, prompting investors to turn to Bitcoin as a hedge.

While still volatile, Bitcoin is increasingly being framed as “digital gold,” with ETF flows suggesting it’s becoming a staple in diversified portfolios. This week’s influx also reflects optimism that regulatory conditions are maturing, particularly in the US, where ETFs are rapidly gaining legitimacy among mainstream investors.

Bitcoin becomes fifth largest global asset, overtakes Google

Bitcoin has climbed to a market capitalization of US$1.86 trillion, overtaking Alphabet (NASDAQ:GOOGL) to become the world’s fifth-largest asset by market value. The price of Bitcoin surged past US$94,000, helped by easing trade tensions between the US and China and renewed bullish sentiment across tech and risk-on assets.

This marks a symbolic milestone for the cryptocurrency, which has now outpaced several of the world’s most valuable tech giants. Analysts point to Bitcoin’s increasing correlation with macroeconomic tailwinds — such as falling bond yields and speculative interest in risk assets — as drivers of the recent price action.

Its breakout relative to the Nasdaq also suggests growing investor confidence in crypto as a parallel to tech. If Bitcoin maintains this trajectory, some believe it could soon challenge silver’s position as the fourth-largest global asset.

Trump backs crypto regulation, Trump Media eyes retail crypto products

During a public appearance, US President Donald Trump called for regulatory certainty in the crypto industry and vowed to provide ‘clear rules of the road’ for digital asset innovation.

His statement coincided with Trump Media & Technology Group’s announcement that it will partner with Crypto.com and Yorkville America Digital to launch retail investment products, including crypto-focused ETFs aligned with Trump’s “America First” platform. The planned offerings aim to capitalize on the president’s growing presence in the digital asset space following prior ventures like Trump NFTs and crypto-affiliated partnerships.

While no official ETF filings have been submitted yet, the initiative signals Trump’s commitment to making crypto a policy priority as part of his economic strategy.

Tesla reports US$951 million in Bitcoin holdings despite earnings miss

Tesla (NASDAQ:TSLA) revealed it continues to hold $951 million worth of Bitcoin on its balance sheet, despite posting weaker-than-expected quarterly revenue of US$19.34 billion.

The automaker’s Bitcoin holdings, totaling 11,509 BTC, remained unchanged during the quarter, with no buy or sell activity recorded. This comes as Bitcoin’s price dipped from late December highs, impacting Tesla’s valuation of its digital asset portfolio under the new Financial Accounting Standards Board rules.

These rules now require corporations to mark digital assets to market on a quarterly basis, increasing transparency but also exposing earnings to crypto market volatility. Tesla’s crypto exposure, while relatively small compared to its core business, still makes it one of the top public holders of Bitcoin globally.

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.

Keep reading…Show less
This post appeared first on investingnews.com

Keep Reading
Investing

NorthStar Gaming Changes Date of Q4 and Year-End 2024 Earnings Webinar to May 1st

Investing 5 Mins Read

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) has announced a change of date for its upcoming Q4 and Year-End 2024 Earnings Webinar to May 1, 2025 at 11:00 am EDT. Further, the Company now expects to announce its fourth quarter and year-end 2024 financial results and file its condensed consolidated financial statements for the year ended December 31, 2024 (‘FY2024 Financial Statements’) and associated management’s discussion and analysis as soon as possible, but no later than April 30, 2025, as permitted under applicable securities laws. The webinar is being delayed because the Company requires additional time to finalize its FY2024 Financial Statements and complete its year-end audit process.

NorthStar invites all investors and other interested parties to register for the webinar at the link below. Michael Moskowitz, Chairman and CEO, will be presenting the Company’s financial results and an update on current operations and strategic priorities.

Date: Thursday, May 1st, 2025
Time: 11am EDT
Register: Webinar Registration

HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form linked above.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This 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 statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:

Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:

RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249726

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading