Christmas is a meaningful time which brings everyone together and makes us happy. It is a delightful habit when we say, “Merry Christmas” to each other. It does not matter if you are Sikh, Hindu, Muslin, Buddhist, Jehovah Witness or Baha’i we all say “Merry Christmas to each other, it is tradition and a strengthener of unity. This how we build a society of inclusion and who we are, this is how we “Come Together”.
Well tomorrow we once again celebrate a, well deserved Christmas holiday. My holiday wishes are to all Christians, peace loving Muslims, those of the Jewish faith, Believers and Nonbelievers. The song starts 45 seconds into the video.
The Madonna holiday celebration song
Our Faith in Norther Dynasty Mines Has Now Proven to be Correct
On November 20, 2016 I alerted Readers of this FDNN letter of Northern Dynasty Mines (TSX: NDM – NYSE: NAK) and it’s the 100% owned southwest Alaska Pebble Creek Deposit.
I really liked the Company and its Management and have accumulated a large share position in NDM at an average share price of $1.29. I alerted the Readers of this letter and many of them followed my lead and acquired a position in Northern Dynasty.
On March 5 to 8, 2017, I attended the PDAC in Toronto where I spoke with NDM Management with the result that I bought more shares @ $1.85 and to date I am continuing to buy its shares. I keep on buying more and NDM remains one of my favorite acquisitions because; I believe in the Company and its “Alaska Pebble Creek Deposit”.
Last February, the Northern Dynasty, Pebble Partnership reached settlement with US Environmental Protection Agency and the Company therefore, it does not face any extraordinary development restrictions and the Pebble Creek Project can advance a progressive mine plan for the Project.
Today NDM announced an Option to Acquire 50% Ownership of Pebble Limited Partnership for US $1.5 Billion with Initial Staged Option Payments Totaling U$150 Million over Four Years.
Northern Dynasty stated the following today:
It has entered into a framework agreement with First Quantum Minerals Ltd. ("First Quantum") (TSX: FM) which contemplates that an affiliate of First Quantum will subsequently execute an Option Agreement with Northern Dynasty. The Option Agreement contemplates an option payment of US$150 million staged over four years which option will entitle First Quantum to acquire the right to earn a 50% interest in the Pebble Limited Partnership (the "Pebble Partnership") for US$1.35 billion. The option period may be extended for up to 2 years by First Quantum making payments to be agreed upon which amounts will be offset against the $1.35 billion additional investment amount. Within five business days of the execution of the framework agreement, First Quantum will make an early option payment of US$37.5 million ("Early Option Price Installment") to Northern Dynasty. The Early Option Price Installment will be applied solely for the purpose of progressing the permitting of the Pebble Project.
The entry by First Quantum into the Option Agreement is contingent upon the completion of due diligence, necessary regulatory approvals being obtained and the successful negotiation of the final form of the Option Agreement and associated commercial agreements. Finalization and execution of the Option agreement and associated commercial agreements is expected early in the second quarter of 2018. Investors are cautioned there is no assurance that a transaction will be entered into at the end of the process.
"We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Northern Dynasty President & CEO Ron Thiessen confirmed. "Just as importantly, the immediate capital contribution from First Quantum will allow Northern Dynasty to execute on its plan to move the Pebble Project forward to initiate federal and state permitting in the very near-term."
NDM has cleared a key positive milestone by securing a financing and development partner in First Quantum Minerals for its Pebble mine project in Alaska. We expect the stock to now start to perform very well since NDM has now significantly reduced risk by securing a permitting and development partner.
NDM also announced that he "Pebble Partnership" finalized documentation and will file on Friday, December 22 for a US Clean Water Act 404 permit with the US Army Corps of Engineers, thereby initiating federal and state permitting for the Pebble Project under the National Environmental Policy Act ("NEPA").
Northern Dynasty President & CEO Ron Thiessen:
"At the outset of 2017, we established three ambitious corporate objectives for Northern Dynasty and the Pebble Project. We committed to reaching a resolution with the US Environmental Protection Agency ("EPA") to restore the Pebble Project to normal course permitting, to re-partnering on the Pebble Project and to initiating permitting under NEPA. As we approach the end of the year, I'm proud to report that we will hit our mark on all three important milestones."
We now expect four years of permitting which moves the start of construction to 2022 and first production to 2026.
We are continuing to buy Northern Dynast Mines shares.
Gold and the Dow Jones
New York Gold Nearest Futures
On Monday December 18 Gold went through to as high as $1,267.00 and closed at $1,264.70.
THE low in Gold below $1,000 is still ahead of us either before year-end but, certainly before the end of the 1st Quarter in 2018 so, caution is still advised.
In any event, as Adam Hamilton States and I happen to totally agree with:
“The gold miners’ stocks largely ground sideways in 2017, lagging gold’s solid rally. Being trapped in this vexing consolidation has decimated sentiment, leaving a bearish wasteland bereft of hope. But contrary to perceptions, this deeply-out-of-favor sector is actually a coiled spring today. Gold stocks are ready to surge dramatically higher as psychology inevitably shifts, pointing to much higher prices coming in 2018.”
Dow Jones Industrials Index Cash
On Monday December 18th the Dow traded as high 24,876.07 and we and our Paid-for subscribers made a lot of money that day based on our Paid-for Message #130 which we disseminated on December 16, 2017 and in which we stated that the Dow and the Markets would continue their upward Trend on Monday December 18, 2017 and we went long the Dow, S&P and the Nasdaq which broke through 7000.
That Paid-for Message #130 alone would have paid for a six (6) month Paid-for subscription many times over.
On December 21 there was another strong move in the Dow as many major components declared they will reinvest in their employees and stock buy-backs.
The lack of pullbacks and volatility seen during 2017 has been extraordinary The US stock markets certainly continue to outperform.
The Dow Jones Industrial Average which is knocking on the door of the 25,000 milestone and earlier this week notched its 70th record close of 2017 to break a calendar year record that stood since 1995 its longest streak of monthly gains in nearly 59 years.
There still a is Trend change ahead in the Dow before year-end we continue to be careful trading.
According to Martin Armstrong and his Investor Level Blog:
“A closing BELOW 11765 in the Euro for 2017 will be bearish, but as we enter 2018, this support will drop slight to 11640. Resistance next year will become more established at 12375 and 12770. In 2018 initial resistance to pay attention to will be 12110.
Trading below the 119 level keeps the Euro in weak position. If we close below 11765, this will signal that confidence in the Euro is collapsing. The year-end signals we achieve in the Euro for the closing of 2017 will be significant for the overall tone of what is to come, reflecting how fast things will develop.
Our models are reflecting a sharp rise in volatility in 2018 as well.”
If you have not subscribed to the MA Investor Level service, you are loosing out on a very valuable trading resource!
Points to Ponder
- December 18, 2017 – The World as it Turns in 2018
Whereas; 2018 is the start of a brand-new trend of volatility, I will certainly buy the Marin Armstrong report as soon as it is published in January.
2. December 20, 2017 – The Sun is Cooling Faster Than Anyone Suspected
I am also of the believe that the earth is getting Colder and not Warmer and this MA Blog confirms that by stating “the sun’s output is declining”. Socrates has correlated this cooling trend with disease and we should expect famine as an eventuality.
Whereas; the energy output of the sun indicates the potential of Major Earthquakes occurred during strong solar minimums I for one have my “Earthquake Survival Kit” at the ready, just in case.
3. December 20, 2017 – Trump Tax Reform Passes - This will be the Greatest Boost to Small Business in more than 30 years
Yes, this certainly is the most far-reaching tax reform bill (TRB)in decades, touching health care, the economy, and the national debt and I congratulate Donald Trump for his first major legislative accomplishment. The TRB achieves at least four major changes:
Temporary personal tax cuts for most Americans for a few years, permanent corporate tax cuts, oil drilling in Alaska’s natural wildlife reserve and the TRB sabotages Barack Obama’s signature health reform.
Although, the TRB has its opponents, this is very good news and I certainly feel that it will be an incentive benefit to do business in the USA.
Eventually, when all the dust settles, Donald Trump will end up being the best President the United state has ever had.
MA: “2018 could very well be the year of the US markets helped primarily by capital flow. Look for this to be a key theme as we enter the New Year”.
4. December 22, 2017 – BitCoin Crash
Yes, Socrates predicted this and called the high in BitCoin and Ma Blog readers were warned by MA. Over the past week, we have seen a 40% decline from recent highs and at its weakest level was off nearly 50% from its high which was not a surprise to me. Those that did not sell and take a profit at the highs can now weep tears into their beer.
5. December 23, 2017 – The Trump Tax Reform & Housing Boom
Seven U.S. states currently don’t have an income tax and US citizens and businesses, including Canadian businesses, will also shift business to those States because, it will save them 50% in taxes.
Moving to these states will soon become a flood. Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming will be the beneficiaries of that movement inspired by Trump’s Tax Reform.
It will eventually force other high tax States to become competitive and lower taxes but, that will take a while. My suggestion to US citizens is move before Real Estate prices in those income tax free States go through the roof.
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Merry Christmas from Mining Interactive Corp. and sunny Vancouver, Canada
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas; Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
NLN Day Trading is based on the Princeton Economics Institute (PEI) Martin Armstrong Socrates Forecasts and Alerts however, PEI and NLN are arms-length companies and nothing should be construed in any manner whatsoever that PEI and NLN are affiliated companies.
WE SEEK SAFE HARBOUR
The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources and Klondex Mines. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
December 24, 2017