SPX Bull Trap Setting Up? The S&P 500 (SPX) is approaching 5783, which is the upper-end of an important target/resistance area we have discussed for over a month (5670-5783). Using the 2007 SPX topping analog which has tracked the current market almost perfectly, it would suggest a 2% or less move above the prior all-time high set in July at 5670 before topping, which is where we get the 5783 number... see chart below. We acknowledge that the SPX is technically "breaking out" to all-time highs ...
Snap-Back Rally Tests YTD Highs We are seeing a broad-based snap-back rally after the S&P 500 found support at our 5100-5191 target/bounce area which we discussed in our 7/30/24 and 8/6/24 Compass reports. Still, we believe we are not yet out of the woods as we still see the S&P 500 and Nasdaq 100 (QQQ) going through a 1- to 4-month pullback/consolidation period, and market dynamics remain far from perfect. In light of this, we downgraded our long-term outlook to neutral in our 8/6/24 Compass a...
The Pullback Finally Begins; Testing 2-Month Supports We have discussed for months that we will need to see the S&P 500 and Nasdaq 100 (QQQ) close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days in order to get more cautious. While this has not happened yet (only two consecutive days so far, yesterday and Friday), it does appear to be going in that direction as the U.S. dollar (DXY) climbs to test major $106 resistance, and amid 10- and 30-year Treasury yields breaking abo...
More Long-Term Breakouts; Bullish Outlook Intact We remain bullish on the S&P 500 and Nasdaq 100 (QQQ), as they both refuse to close below their 20-day MAs or 21-day EMAs for more than 2-3 consecutive days. There is nothing that says this can't continue. With that said, once we do get 2-3 closes below the 20-day MAs or 21-day EMAs on the S&P 500 and QQQ, it would mark the beginning of a pullback (a potentially rapid one, at that), with next supports currently at 4983-5050 on the S&P 500 and $42...
The independent financial analyst theScreener just changed two ratings for the qualification of SEABRIDGE GOLD (CA), active in the Gold Mining industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 3 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date March 1, 2022, the closing price ...
Bullish Outlook Intact; Mining For Gold As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). Considering these breakouts along with ongoing healthy market dynamics, we continue to believe we have officially entered a new broad-based bull market. Materials Breaking Out To New Highs, Joins Other Cyclicals. Materials (XLB) is the latest Sector to break out to new 2021 highs, providing more ev...
Targeting enhanced by MT survey successful at KSMToronto, Ontario--(Newsfile Corp. - August 11, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) reports today that core drilling will commence shortly at its 100%-owned Iskut project in British Columbia to continue testing below the Quartz Rise Lithocap for a gold-copper porphyry mineral system similar to those on Seabridge's nearby KSM Project. The Iskut target has been developed over the past four years, making extensive use of geophysical surveys including IP, magnetic, hyperspectral and magnetotelluric (MT) evaluations. Surface mapping, geochem...
Toronto, Ontario--(Newsfile Corp. - August 5, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) is mobilizing equipment to initiate drilling at its 100%-owned Snowstorm Project in Nevada. Snowstorm is located 15 km north of Turquoise Ridge on a blind extension of the prolific Getchell Trend. This drilling program is designed to follow-up on results that found discrete gold-bearing intervals hosted within a similar structural setting and rocks as the Turquoise Ridge Mine.The program is designed to re-enter existing drill holes and use directional drilling tools to continue the drill hole from known...
Toronto, Ontario--(Newsfile Corp. - July 5, 2021) - Seabridge Gold (TSX: SEA) and Eskay Mining Corp. (TSXV: ESK) (OTCQB: ESKYF) (FSE: KN7) (WKN: A0YDPM) ("Eskay Mining") announced today that they have entered into an agreement (the "Cost Sharing Agreement") whereby Seabridge and Eskay Mining will share the costs equally on construction of the first 9 kilometres (the "First Segment of the CCAR") of the Coulter Creek Access Road ("CCAR") , estimated to cost $12.0 million. Construction is planned to commence in July. Eskay Mining's share of the costs will be financed (the "Financing") by Seabridg...
Toronto, Ontario--(Newsfile Corp. - June 25, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) (the "Company") today provided the results of its annual general meeting of shareholders held on June 24, 2021. A total of 41,822,404 common shares were represented at the meeting, representing 55.45% of the issued and outstanding common shares of the Company on the record date. All matters presented for approval at the meeting were duly authorized and approved, as follows:.1. Election of all management nominees to the board of directors of the Company; 2. Appointment of KPMG LLP as auditor of the Compa...
Toronto, Ontario--(Newsfile Corp. - June 15, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that a contractor at its 100% owned 3Aces Project in Canada's Yukon has tested presumptively positive for COVID-19 when the Company conducted a rapid antigen test after the person arrived at the Project site. Three other individuals who came into close contact with the individual testing positive have all tested COVID-19 negative following completion of rapid antigen tests by the Company. Seabridge Gold is awaiting confirmation of the positive result from a COVID-19 laboratory-based PCR t...
Toronto, Ontario--(Newsfile Corp. - May 13, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three months period ended March 31, 2021 on SEDAR (). These statements, along with its recently filed 2020 Annual Report to shareholders, are also available on Seabridge's website at . The theme of this year's Annual Report is "Gold and Green" which recognizes that our company's immense copper resource rivals our gold resource in value and establishes Seabridge as a major potential contributo...
Toronto, Ontario--(Newsfile Corp. - April 29, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has sold its residual interests in its previously owned Red Mountain project located in northwestern British Columbia for US$18 million in cash to Sprott Resource Streaming and Royalty. Cantor Fitzgerald Canada Corporation acted as financial advisor to Seabridge on the sale.As background, in May 2017 IDM Mining Ltd. completed the exercise of its option to acquire a 100% interest in Red Mountain from Seabridge. Under the terms of the option agreement, IDM was further obligated to ...
Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that its 2020 Annual Report to shareholders is now available on its website at . The theme of this year's Annual Report is "Gold and Green" which recognizes that our company's immense copper resource rivals our gold resource in value and establishes Seabridge as a major potential contributor to a low-carbon future for Canada and the world.In every annual report, the Company reviews the success of its programs for the year just ended measured against previously announced goals and sets out...
Toronto, Ontario--(Newsfile Corp. - April 6, 2021) - Seabridge Gold's (TSX: SEA) (NYSE: SA) drill program at its 100%-owned Snowstorm Project has achieved its key objective: to find a gold-bearing system hosted within similar rocks and structural setting as the Turquoise Ridge Mine. Snowstorm is located 15 km north of Turquoise Ridge on an extension of the prolific Getchell Trend. Although the gold grades to date are very low, Seabridge's exploration team is increasingly confident that these new drill results can be used to vector towards higher grades. A total of 4,495 meters of exploration ...
Toronto, Ontario--(Newsfile Corp. - March 24, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Audited Consolidated Financial Statements and its Management's Discussion and Analysis for the year ended December 31, 2020 on SEDAR () and are available on the Company's website at . Seabridge's Form 40-F will be filed with the SEC on EDGAR (). The Company's Shareholders may, upon request, receive a hard copy of the Company's complete 2020 audited consolidated financial statements free of charge. To review these documents on the Company's website, please see .In 202...
Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) Chairman and Chief Executive Officer Rudi Fronk will be presenting at the BMO 30th Global Metals and Mining Conference on Thursday, March 4, 2021 at 11:15 a.m. Eastern Time. The live presentation will be available at .ABOUT SEABRIDGESeabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets are the KSM and Iskut projects located near Stewart, British Columbia, Canada, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm projec...
Toronto, Ontario--(Newsfile Corp. - February 8, 2021) - Seabridge Gold's (TSX:SEA) (NYSE:SA) Taryn Cutler has won the 2021 Indigenous Student Trailblazer Award by Woman in Mining Canada. The Indigenous Student Trailblazer Award is awarded to young Indigenous women in post-secondary studies, college, vocational training and university who are successfully integrating into the minerals and metals industry. The women considered for this award are establishing a path in mining and inspiring other young indigenous women to join the industry's ranks while retaining their connection to their culture ...
Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (the "Company" or "Seabridge") announces that it has entered into a Controlled Equity OfferingSM Sales Agreement dated January 22, 2021 (the "Sales Agreement") with Cantor Fitzgerald & Co. (the "Lead Agent") and B. Riley Securities, Inc. (collectively with the Lead Agent, the "Agents"). Pursuant to the Sales Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the Sales Agreement, to sell, through the Lead Agent, such number of common shares of the C...
Purchase adds 25.9 million oz of M&I gold resources adjacent to flagship KSM Project Work begins on Snowfield-KSM integration expected to further improve economic projectionsToronto, Ontario--(Newsfile Corp. - December 17, 2020) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today it has closed its previously announced acquisition of the Snowfield Property from Pretium Resources Inc. ("Pretivm"). The Snowfield Property hosts a large gold resource immediately adjacent to Seabridge's 100%-owned KSM gold-copper project in northeast British Columbia, Canada. ...
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