Chinese Elite Trader buys Copper after Gold, and BFG
Make your voice heard, buy physical gold and silver. It is used in every economy everywhere. Your fiat money is useful in one place only, your own country. Staying in paper currency is your choice and your vote to stay in government garbage fiat money, that they are printing in record amounts. Most investors don't get it. The elite is accumulating gold and promoting crypto so they have less buying competition for gold.
Gold Bull Market, next is Copper
Bian Ximing, a reclusive Chinese billionaire whose prescient gold trades turned into an eye-catching windfall of around $1.5 billion has now become the country’s biggest copper bull. He has amassed a bet worth nearly $1 billion in the copper market that has become an escalating competition between the US and China.
I went with a long term chart of copper and there is two important chart patterns. There is a cup and handle pattern that is long term bullish, but we have not broke decisively out of that pattern yet. If you remember, we had the same pattern in gold and we know how bullish that turned out. There is also a long term up trend marked by the blue lines.
I am sure the Chinese copper bull knows the chart set up, but I bet he is counting more on strong fundamental demand from China and elsewhere. Today we got some very good drill news from Giant Mining, BFG.
Giant Mining - - TSXV:BFG, OTC:BFGFF - - Recent Price $0.25
BFG announced the results for core hole MHB-32, the first of five holes completed during Phase 1 of the Spring 2025 diamond drilling program at the Majuba Hill Porphyry Copper-Silver-Gold Project, Nevada.
MHB-32 intersected two significant copper mineralized zones within a broader interval of 379.5 feet (115.7 m) grading 0.33% Cu and 16.97 ppm Ag , from 510 to 889.5 feet (155.5 to 271.1 m) . These results extend the known mineralization deeper and further north than previous drilling. The key intervals are detailed here:
85 feet (25.9 m) at 0.64% Cu and 50.89 ppm Ag from 510 to 595 feet (155.5 to 181.4 m)
169.5 feet (51.7 m) at 0.41% Cu and 9.51 ppm Ag from 720 to 889.5 feet (219.5 to 271.1 m) , including:
40 feet (12.2 m) at 1.36% Cu and 13.33 ppm Ag from 780 to 820 feet (237.7 to 249.9 m) , containing a higher-grade section of:
10 feet (3.0 m) at 4.36% Cu and 35.65 ppm Ag from 805 to 815 feet (245.4 to 248.4 m)
The key intersect is the 85 feet of 0.64% copper below the old mine workings and the longer intersect of 169.5 feet of 0.41% copper, both with silver as well. You can see the location of the drill hole in the map below. I expect similar results in holes 33 through 35 with the wild card being hole 36 in a new area.
David Greenway, CEO of Giant Mining, commented: “We're very excited by the strong results from the first hole of our Phase 1 drilling program at Majuba Hill. Nevada continues to prove itself as a world-class mining jurisdiction, ideally positioned to support the ‘America First’ policy and bolster domestic resource security. With global copper demand soaring—highlighted by BloombergNEF’s recent forecast of a $2.1 trillion requirement for raw materials by 2050—Majuba Hill offers a compelling, homegrown solution to help meet America’s significant and growing consumption of copper. We're very pleased with what we've accomplished so far and can't wait to get back on the ground for Phase 2.”
The stock did not react much on the news, neither by price or much volume. It appears results were pretty much as expected. I don't think holes MHB-32 to MHB_35 will expand the deposit by huge amounts. As I mentioned before, I am anxious to see results for MHB-36 that is in a completely different area about 400 meters away.
The stock has been in a down trend, but I am confident we saw the bottom with the morning doji star reversal pattern on high volume. This is when 10 cent financing stock became free trading. Hopefully these short term investors have sold out now. As I said before, how the stock goes now depends on drill results. Should we see higher grade and longer intersects the stock could move higher.
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