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October 28th, 2020
Dear Valued Readers,
 
Another red day in the markets today. I have only a couple stocks in my watch list that are showing green today. Oil down to $37.25 [ 1HR Chart ], Gold down $30 [ 1HR Chart ], and the dow is down almost 1,000 points, down about 2500 points from its October high on October 12th. We are currently testing the 26,400ish level which is the low from September 24th and should be a key support level. It is looking like it may not hold. Up day tomorrow or do we drop to the 25,900 area? [ 4HR Chart ] 
 
What is to blame? I know a lot of traders would love for the U.S. Election to be over. Covid cases are increasing everywhere. Commodities priced in US $ are suffering partially because the US dollar is strengthening.
 
Are you a long term investor? Are you sitting on your hands and riding it out or are you in full panic mode? The problem with long term views is you start believing in your investments, you get emotionally attached, and then when they run higher you can't find it in yourself to sell. Then when the corrections come, you are brought back to reality, and you kick yourself for not taking profits and having cash available for these buying opportunities.
 
Do you have a trading plan? Are you following it?
 
Dividend observations:
Pembina Pipeline (PPL TSX) dividend yield is now 9.07% and Enbridge (ENB TSX) is 8.69%
How low will oil go and how much will it drag down these pipeline companies? Both are trending down and approaching March lows. It looks like Enbridge hasn't cut dividends in 20 years and has been steadily increasing them, last increase was in February. Pembina is the same, they increased their dividend last January. Are the dividends safe? So far so good.

What is your favorite dividend stock?
Reply to our newsletter, we would love to hear from you!
 
In upcoming newsletters I will be featuring a few more companies from my portfolio and watch list. Stay tuned and be sure to forward our subscription [ Link ] to your friends, family and business associates! 
 
Featured Articles / Media:
[ YouTube ] Eric Sprott's Weekly Wrap Up - October 23rd, 2020
[ Chat With Traders ] Day Trading - The Questions you Want Answered w/ Michael Katz
[ GoldSilver ] Here's Who Wins the November Election
[ Visual Capitalist ] Visualizing How the Pandemic is Impacting American Wallets
[ Mining.com ] Despite price rise, copper at historic low against gold
[ CNN Business ] Boeing will lay off another 7,000 workers as losses mount
[ BNN / Bloomberg ] Bank of Canada sees interest rates on hold into 2023
 
If you would like to feature your company please reply to the newsletter with information about your company's projects, share structure, and contact info.
Thanks.
 
  

 

 

 

 
Our new featured company is a gold and copper explorer.
 
Rockridge Resources (TSX.V: ROCK) is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically gold and copper. Rockridge’s general strategy is to go into historical, prolific mining districts with modern exploration techniques and methodologies to test new ideas and make new discoveries. Specifically, Rockridge is acquiring and rethinking projects with gold or copper as the primary credit, which are within reach of existing infrastructure in geopolitically favourable jurisdictions.
 
The Company’s core gold project and current focus is the Raney Project, which is a highgrade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps.
 
 
Symbol: ROCK
Exchange: TSX Venture
Shares Outstanding: 51.1M
52 Week High: .23
52 Week Low: .07
Currently: .14

Rockridge recently raised $1.7 Million at 10 cents with a warrant at 17.5 cents.  
 
The Company’s other asset is the Knife Lake Project located NW of Flin Flon in Saskatchewan. The Knife Lake Project is a remobilized shallow VMS deposit with a significant copper dominated resource. Strong discovery potential exists at both of the Company’ projects. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in mining-friendly jurisdictions. 
 
The April 30th [ Resource World ] article discussing their previous 9 hole drill program which included 6m of 28g/t gold (uncut).
 
The July 31st Report by Bob Moriarty of 321 Gold can be read [ here ].

 

 

 
Jaeger Resources is a public exploration company engaged in the acquisition, exploration and development of high potential mineral properties with a current focus on its Taylor Brook Deposit in the prolific Bathurst Mining Camp.
The Company’s Management, Directors and Advisors have significant experience in mining, exploration and business development.
 
Prolific Bathurst Mining Camp,
New Brunswick
 
  • One of the most prolific base metal mining camps in the world, hosting at least 46 volcanogenic massive sulphide deposits with a total sulphide resource of over 500 million tonnes.
     
  • Since initial production in 1956 at Heath Steele (approximately 24 million tonnes extracted averaging 5.2% zinc, 1.8% lead, 0.93% copper and 65.5 g/tonne silver between 1956 and 1999), the camp has produced a total of 177,350,000 tonnes of ore at an average grade of 3.12% lead, 7.40% zinc, 0.42% copper and 94 g/tonne silver. 
     
September 17th News:
[ Jaeger finishes
surveys at Taylor Brook ]
 
 
 
Symbol: JAEG
Exchange: TSX Venture
Shares Outstanding: 54.6M
52 Week High: .075
52 Week Low: .01
Currently: .03
 
 
Taylor Brook Deposit,
Bathurst Mining Camp, New Brunswick
 
  • Consists of 70 mineral claims encompassing 1,540 hectares.
     
  • Excellent infrastructure in place including close proximity to major highways, power and skilled workforce.
     
  • Staked claims make the property contiguous with the Stratmat property, with the optioned claims located approximately six kilometres along strike and northeast of the Stratmat deposit (indicated resources of 4.7 million tonnes at 5.3% zinc, 2.1% lead, 0.40% copper, 49 g/tonne silver and 0.60 g/tonne gold).
 
Jaeger is currently raising $750,000 for exploration.
See the full news below.
 
 
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