Metals Are Mixed; Stocks Lower
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 Fitzroy Minerals Inc.
2. Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals Inc. My company has a financial relationship with Fitzroy Minerals Inc. I determined which companies would be included in this article based on my research and understanding of the sector.
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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.

USD index futures are up 0.10% to 107.060, with the 10-year yield up 0.68% to 4.575% and the 30-year up 0.63% to 4.793%.

Gold (+0.33%), silver (+0.36%), oil (+1.09%), and copper (+0.10%) are higher.

Stock futures are lower, with the DJIA (-0.25%) down 110.2 points, the S&P 500 (-0.20%) down 12.5 points, and the NASDAQ (-0.10%) down 23.25 points.

Risk barometer Bitcoin is up 0.02% to $96,431.

Stocks

The markets did as expected yesterday, but the move to all-time highs in the S&P 500 came in the final fifteen minutes of trading. It never fails to astound me how the regulators can turn a blind eye to obvious "tape-painting," as we witnessed yesterday.

However, that move has been negated by the weak opening indicated by the S&P futures down 12.50 points. I remain a bear on the broad stock market and look to the volatility trade and a possible entry into the SPY:US put options for March expiry.

Fitzroy

Fitzroy Minerals Inc.'s (FTZ:TSX.V; FTZFF:OTCQB) drill hole described on February 10 at Caballos is out for assay at the lab in Santigo, but the "check assays" are being shipped to another lab in Peru for further testing.

Usually, that is a positive "hint" as to grade and width, but as a shareholder, it might also be wishful thinking on my part.

Results are expected around month-end so just wait for them and do not chase!