Stocks Are Bid Higher With New All-Time Highs
Contributed Opinion

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Getchell Gold Corp.
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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

The USD dollar index is down 0.12% to 107.735 this morning, with the 10-year yield down 0.13% to 4.568% and the 30-year yield down 0.19% to 4.794%.

Gold (+0.49%), silver (+0.20%), and oil (+0.16%) are up, and copper (-0.53%) is down. Stock index futures are higher, with the DJIA (+0.27%) up 120.6, the S&P 500 (+0.47%) up 28.2 points, and the NASDAQ (+0.94%) up 203 points.

Risk barometer Bitcoin (+3.15%) is up $550 to $105,080 as "risk-on" continues to build.

Volatility

• Buy 50% position VIX March $15 calls at $2.75 (or better).

I will again attempt to open this position depending on the near-term status of the rally. If the S&P 500 is negative by 11:00 am this morning, execute the trade "at the market."

VIX:US looks to open below 15 this morning, which takes it down to levels seen back in mid-December just before it spiked to over 28. I have no idea what will be the catalysts for a departure from this Trump-inspired rapture that has overcome the markets all of a sudden, but I suspect it is not unlike the first days of the Reagan administration that started well, faltered badly under a bear market but then ended in the most prosperous period of the day for stocks and bonds (despite enduring the 1987 Crash).

Gold

I did not buy any of the GLD March $250 calls yesterday, which was unfortunate for me as gold bolted higher on Monday and is again higher this morning by another $5.00.

This morning,g on the opening, I will be placing another order as follows:

• Buy full position GLD March $250 calls at $7.50.

This is a change from the $5.50 price attempted yesterday morning.

FCX:US

Copper continues pulling back this morning from the high of $4.47/lb. last week, so I will try to add to the FCX March $40 calls despite it being called marginally higher on the opening.

• Buy 50 contracts FCX March $40 calls at $2.25 good for the day. They closed at $2.44 yesterday.

GTCH/GGLDF PEA

I understand that Getchell Gold Corp.'s (GTCH:CSE; GGLDF:OTCQB) Preliminary Economic Assessment will be out tomorrow. I do not expect that it will trigger a buying panic, but I do expect it to be the most significant corporate development in the company's history since acquiring Fondaway Canyon back in January 2024.

They will now be able to present an economically viable and rapidly expanding gold asset in a favorable jurisdiction with confidence in an effort to secure sponsorship (and drilling funds) from a prospective suitor. It is my expectation that a series of institutional meetings will result in particular interest coming in the form of senior and intermediate producers.

Stay tuned.