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Element79 Gold Corp. Provides Corporate Guidance and Strategic Update for Remainder of 2025

Investing 5 Mins Read

(TheNewswire)

Vancouver, BC TheNewswire June 30, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (‘Element79’ or the ‘Company’) announces its forward corporate guidance for the remainder of 2025, outlines recent strategic developments regarding its Lucero Project in Peru, and reaffirms its operational focus on its advanced-stage projects in Nevada, USA.

Force Majeure Declared on Lucero Project

The Company formally invoked the force majeure clause under its agreement with Condor Resources Inc. with respect to the Lucero Project due to a combination of social, regulatory, and political barriers which have effectively prevented the Company from lawfully executing planned exploration and development activities, despite holding full mineral rights.

A force majeure event refers to unforeseen circumstances beyond a party’s control—such as acts of government, social unrest, or natural disasters—that prevent contractual obligations from being fulfilled. In the case of Lucero, the following factors have contributed to the declaration:

  • Evolving and inconsistent Peruvian federal policies on small-scale mining formalization, creating uncertainty in legal enforceability and timelines.

  • Political instability and leadership vacuums , with current municipal governance in Chachas in transition and the outgoing mayor largely absent from the community.

  • Legacy community mistrust and unmet promises from prior owners, complicating local engagement efforts.

  • Ongoing unauthorized artisanal mining by community members operating outside legal frameworks and without formalized agreements.

Element79 has spent two and a half years of extensive, evolving efforts to foster community relationships and negotiate access agreements in good faith, and the Company believes in developing a win-win solution with the Chachas community for the restart of the past-producing Lucero mine, the tailings and development of a regional processing plant, and exploring the geological assets inside the Lucero concessions.  The Company and its contracted financial consultants remain staunchly optimistic to fund future development at Lucero as agreements for surface rights agreements are reached.  In the short-term, internal reports and formal feedback from its social engagement team (GAE Peru) and regional mining authorities (DREM Arequipa) suggest that no material progress toward surface rights agreements is likely for the remainder of 2025.

Path Toward Resolution and Reworking Terms with Condor Resources

Over the next 12 months, Element79 will:

  • Continue monitoring regulatory developments, particularly the anticipated implementation of MAPE legislation , which may clarify formalization mechanisms between artisanal miners and mineral right holders.

  • Maintain social outreach campaigns in Chachas through the Company’s social engagement team, GAE Peru, preparing the groundwork for ongoing engagement pre- and post-municipal elections in early 2026

  • Continue ongoing dialogue with Condor Resources to explore restructuring the terms of the original Lucero agreement, with the goal of establishing a more reasonable, flexible and mutually beneficial framework as on-the-ground conditions allow for meaningful work to resume at Lucero.

Strategic Focus Shift to Nevada Projects

In line with this operational pivot, Element79 is reaffirming its near-term focus on its U.S.-based assets:

  • The Company will retain and advance development at the Elephant Project in Nevada. A technical report to formally organize historical work under the 43-101 framework, upcoming work plan and exploration campaign are currently being finalized and will be publicly disclosed shortly.

  • The acquisition of the Gold Mountain Project , a drill-ready asset also located in Nevada, is expected to close as soon as possible, pending administrative timelines surrounding Canada Day and U.S. Independence Day holidays. A comprehensive development plan will be issued thereafter.

Corporate Outlook

As Element79 aligns its capital and human resources to near-term executable projects, the Company remains committed to:

  • Unlocking shareholder value through strategic asset optimization.

  • De-risking its project portfolio by prioritizing jurisdictions with clear permitting paths.

  • Continuing stakeholder engagement to support long-term success at Lucero when conditions become viable.

  • Changes to the board of directors and management to reflect the evolving business model

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For further information, please visit: www.element79.gold

On Behalf of the Board of Directors

James C. Tworek

Chief Executive Officer, Director

Element79 Gold Corp.

jt@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Investing

Allied Critical Metals

Investing 9 Mins Read

Investor Insight

With a strategic foothold in Portugal and a commodity focus on tungsten – a metal deemed critical by both NATO and US defense agencies – Allied Critical Minerals is advancing two past-producing projects toward near-term production. Backed by a $4.6 million financing, offtake interest from major buyers, and a leadership team with proven capital markets and operational success, ACM is well-positioned to become the largest tungsten producer outside of China.

Overview

Allied Critical Minerals (CSE:ACM,FSE:0VJ0) is advancing two highly strategic, past-producing tungsten projects – Borralha and Vila Verde – located in northern Portugal. These brownfield assets present a compelling combination of near-term production potential and district-scale exploration upside, positioning the company to become the largest tungsten producer outside of China. With 100 percent ownership of both projects and supportive local communities, ACM is well-placed to contribute to the critically needed supply of this strategic metal to Western markets.

Tungsten is essential for defense systems, electric vehicles, semiconductors and artificial intelligence (AI), yet current global supply is dominated by China and Russia, accounting for about 90 percent of production. ACM’s projects are aligned with national security strategies in the US and EU, seeking secure and stable sources of tungsten supply. The company has already signed a letter of intent with Global Tungsten & Powders, a major Pennsylvania-based end-user with ties to the US military and is actively engaging with other global refineries.

To capitalize on these market dynamics, ACM closed a $4.6 million financing to fund an aggressive value creation plan. This includes an ongoing drill program at Borralha aimed at expanding its existing NI 43-101 resource, and the construction of a pilot processing facility at Vila Verde, targeted to begin in Q4 2025 and become operational by 2026. The pilot plant will process tailings and alluvial material from existing deposits, with an estimated annual output of ~250 tons tungsten trioxide (WO₃) and projected revenues of $4 million to $5 million, supporting near-term cash flow with minimal dilution.

ACM differentiates itself from competitors such as American Tungsten and Fireweed through its permitting progress, advanced technical groundwork and strong leadership. CEO Roy Bonnell brings a proven track record of successful exits and rapid value creation, having been instrumental in the success of both Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU) — two of the TSX Venture’s top-performing issuers in recent years.

Company Highlights

  • Strategic Focus on Critical Metals: Allied Critical Minerals is developing two tungsten projects – Borralha and Vila Verde – in mining-friendly northern Portugal, targeting near-term production and long-term scale.
  • Advanced Brownfield Assets: Both projects are historic producers with significant infrastructure, community support and technical momentum. Borralha produced tungsten from 1904 to 1986, and holds a newly updated NI 43-101 compliant resource.
  • Pilot Plant Launch in 2026: A pilot plant at Vila Verde is slated for construction in Q4 2025 with 150,000 tpa throughput capacity, expandable to 300,000 tpa. Target output of ~250 tons WO₃ annually is expected to generate $4 million to $5 million in revenue, funded through non-dilutive financing.
  • Offtake and Government Support: Allied has signed an LOI with Global Tungsten & Powders and is in discussions with additional refineries. Expressions of interest from US and EU defense-linked buyers are ongoing.
  • High Impact Drill Campaign: A fully funded 5,000 meter drill program is currently underway at Borralha, with assays expected to expand resources and define the high-grade Santa Helena Breccia zone.
  • Differentiated from Peers: Allied is one of only a few public companies in the Western world with near-term tungsten production potential, outpacing peers such as American Tungsten and Fireweed, in both timeline and resource readiness.

Key Projects

Borralha Tungsten Project

The Borralha project is ACM’s flagship development-stage asset, located approximately 100 km northeast of Porto in northern Portugal. A brownfield project with a rich production history dating back to 1904, Borralha produced over 10,280 tons of wolframite concentrate at an average grade of 66 percent WO₃, until operations ceased in 1986. Today, the project is advancing rapidly, supported by a Mining Rights Concession License and a newly updated NI 43-101 compliant resource estimate effective July 31, 2024. The estimate defines indicated resources of 4.98 million tons (Mt) at an average grade of 0.22 percent WO₃, 762 grams per ton (g/t) copper, and 4.8 g/t silver, and inferred resources of 7.01 Mt at 0.20 percent WO₃, 642 g/t copper, and 4.4 g/t silver. The project area hosts significant polymetallic enrichment, with tin and copper frequently associated with the tungsten mineralization, adding potential for by-product credits.

The primary zone of interest, the Santa Helena Breccia (SHB), is a subvertical to sub-horizontal breccia pipe-style tungsten system. Historical and recent drilling confirms broad, continuous mineralization with highlight intercepts including 106 m at 0.21 percent WO₃, 114 m at 0.23 percent WO₃, 108 m at 0.22 percent WO₃, and a high-grade zone of 10 m at 1.75 percent WO₃.

The SHB zone accounts for over 70 percent of known mineralization, but only about half of the zone has been drill-tested to date. The current drill campaign is targeting both lateral extensions and higher-grade core zones within the breccia body.

Geologically, the deposit is hosted in metasedimentary rocks intruded by late-Variscan granites, with mineralization occurring predominantly as wolframite associated with quartz-cassiterite veins and breccia infill. Breccia pipe mining techniques – similar to open-pit quarry operations – are anticipated for early-stage exploitation.

The project is currently undergoing an environmental impact assessment under review by Portuguese authorities. The mining license includes provisions for up to 150,000 tons per annum of bulk sampling ahead of full-scale operations, which will be governed by a future feasibility study. The low-cost drill environment (~$235/meter) and excellent infrastructure – including road, power, water and proximity to a skilled workforce – make Borralha a technically robust and strategically significant asset for ACM.

Vila Verde Tungsten-Tin Project

Located approximately 45 km southeast of Borralha, the Vila Verde project is ACM’s pilot production and near-term cash flow opportunity. Historically, this area hosted the Vale das Gatas Mine, which was one of Portugal’s largest tungsten producers prior to its closure in 1986. The project covers a significantly larger land area than Borralha and includes multiple mineralized zones, notably Cumieira and Porqueira. A historical resource estimate from 2020 defined 7.3 Mt of mineralized material above a 0.05 percent WO₃ cutoff, including 4.0 Mt at 0.14 percent WO₃ in the Cumieira zone and 3.3 Mt at 0.10 percent WO₃ in Porqueira. While historical in nature, these figures are supported by 17 diamond drill holes totaling 2,103 metres, which revealed a 2.1 km x 1.0 km mineralized footprint at Cumieira and a 1.0 km x 500 m footprint at Porqueira.

Vila Verde Pilot Plan

Vila Verde is advancing toward the construction of a 150,000-ton-per-annum pilot plant, scheduled to begin construction in Q4 2025 and be operational in 2026. Tailings and alluvial material from the Justes deposit will be used as the initial feedstock, with an average WO₃ grade of ~0.21 percent anticipated. Plant design includes standard crushing and grinding circuits followed by gravimetric and magnetic separation to produce a high-grade wolframite concentrate. Engineering work by GMR Consultores and MinePro Solutions supports an annual output of approximately 250 tons of WO₃ under current parameters. The total estimated CAPEX for the pilot plant is CA$7.9 million, with a proposed expansion to 300,000 tpa requiring an additional CA$2.9 million, both targeted for non-dilutive funding sources.

Permitting is progressing efficiently, with the mineral license being converted from exploration to experimental mining status. This permits early-stage production while full-scale licensing is pursued. The project benefits from pre-existing quarry infrastructure, strong community support, and short timelines to cash flow. A signed LOI with Global Tungsten & Powders in Pennsylvania provides an initial offtake channel, and additional negotiations with global refiners are ongoing. Vila Verde is central to ACM’s short-term revenue plan and is designed to serve as a testbed for scalable production across its broader tungsten portfolio.

Management Team

Roy Bonnell – CEO and Director

Roy Bonnell is a seasoned executive with over 30 years in capital markets, venture finance and natural resources. Bonnell holds an LLB from Western University, an MSc from the London School of Economics, and an MBA from McGill University. He brings deep leadership and financing experience and previously served as a board member for Founders Metals and Thesis Gold – two of the TSXV’s top performers.

João Barros – President and COO

With over 20 years of mining sector experience in Portugal, João Barros specializes in exploration management, environmental impact assessments and feasibility studies. He has held leadership roles at Ascendant Resources and Redcorp, and is a member of the Portuguese Engineers Association.

Sean O’Neill – Non-Executive Chairman

Sean O’Neill is head of securities at Boughton Law with 20+ years in corporate and securities law, including advising mining firms globally. He holds degrees in Chemical Engineering and Law, an MBA, and is a registered professional engineer (P.Eng).

Michael Galego – Director

Michael Galego is the CEO of Apolo Capital Advisory and CLO of LNG Energy, with extensive experience in M&A and corporate strategy. Notably, he advised on the sale of Woulfe Mining (tungsten asset) to Almonty Industries. He is a Lexpert Top 40 Under 40 awardee and member of the TSX Venture Advisory Committee.

Colin Padget – Director

CEO of Founders Metals, Colin Padget brings operational exploration experience across South America. He holds a Masters in Geology and a Bachelor in Business Administration.

Andrew Lee – Director and Corporate Secretary

Former Managing Director of York Harbour Metals, Andrew Lee has 15 years of global exploration experience across gold and phosphate projects in Ecuador and West Africa.

Sean Choi – CFO

A CPA with nearly 20 years in mining finance, Sean Choi has held CFO roles at York Harbour Metals, Ecuador Gold & Copper, and Northern Sun Mining. He holds a degree from the Western University.

This post appeared first on investingnews.com

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Editor's pick

China resumes seafood imports from some Japan regions

Editor's pick 1 Min Read

China on Sunday announced it is immediately resuming seafood products imported from some Japanese regions, ending a nearly two-year overall ban imposed due to worries over Japan’s release of treated wastewater from the Fukushima nuclear power plant.

In a notice on Sunday, China Customs said seafood products from 10 prefectures – Fukushima, Gunma, Tochigi, Ibaraki, Miyagi, Niigata, Nagano, Saitama, Tokyo and Chiba – will still be banned from entering the country.

Products from other regions will need health certificates, radioactive substance detection qualification certificates and production area certificates issued by the Japanese government for Chinese customs declarations, the notice said.

Chinese customs authorities said Sunday’s decision was made after no abnormality was detected following long-term international and independent Chinese sampling and monitoring of discharged wastewater.

China banned all imports of Japanese seafood in August 2023, shortly after Tokyo began releasing the treated Fukushima wastewater, prompting a diplomatic and economic backlash.

Sunday’s notice said China will strictly supervise Japanese seafood imports and will take measures if it finds any violations of relevant Chinese laws, regulations and food safety standards.

This post appeared first on cnn.com

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Thousands of Norwegians mistakenly told they’d won life-changing sums in lottery error

Editor's pick 2 Mins Read

Norway’s national lottery has apologized after thousands of players were mistakenly told that they had won large sums in the Eurojackpot draw due to a coding error.

Norsk Tipping receives the prize amounts from Germany in euros, then coverts them to Norwegian kroner. However, it was during the conversion that an error occurred and winnings were multiplied by 100, rather than divided by 100, the company said in a statement Friday.

Norsk Tipping sent messages and push notifications to customers that showed the wrong, inflated winnings, before later issuing a correction.

“Norsk Tipping sincerely apologizes to everyone who was notified of an incorrect prize amount,” it said.

The company blamed the issue on a “manual coding error.”

“No customers have been paid the wrong prize,” it added.

In a separate statement on Saturday, Norsk Tipping CEO Tonje Sagstuen also apologized for the error.

“I am terribly sorry that we have disappointed so many, and I understand that people are angry with us,” said Sagstuen in the statement.

“I have received many messages from people who had managed to make plans for holidays, buying an apartment or renovating before they realized that the amount was wrong,” she said.

“To them I can only say: Sorry! But I understand that it is a small consolation,” added Sagstuen, who later stepped down and was replaced by acting CEO Vegar Strand.

The company then sent out another apology message signed by Strand.

“On Friday evening, thousands of Norwegians were mistakenly told that they had won a large prize in Eurojackpot. This was an error that affected many and which we take very seriously,” it read.

“We deeply regret what has happened, and on behalf of us at Norsk Tipping I would like to apologize to everyone who was affected by this,” said Strand, who added that the company was “working intensively” to make sure that something similar doesn’t happen again.

As no one correctly matched all of the numbers in Friday’s draw, the Eurojackpot has now reached 377 million Norwegian kroner ($37.3 million), with the next draw scheduled to take place on Tuesday.

This post appeared first on cnn.com

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Business

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Business 4 Mins Read

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act.

The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the “core technology commission” of 5% on all digital purchases made outside the App Store.

The changes Apple announced are not a complete departure from the company’s previous policy that drew the European Commission’s attention in the first place.

Apple said it did not want to make the changes but was forced to by the European Commission’s regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines.

“The European Commission is requiring Apple to make a series of additional changes to the App Store,” an Apple spokesperson said in a statement. “We disagree with this outcome and plan to appeal.”

A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple’s new terms to see if the company is in compliance.

“As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,” the spokesperson said in a statement.

The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store.

It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S.

Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple’s App Store, a practice called “steering” by regulators.

In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads.

Critics, including Sweden’s Spotify, pushed back on Apple’s proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple’s critics.

“From the beginning, Apple has been clear that they didn’t like the idea of abiding by the DMA,” Spotify said last year.

Epic Games CEO Tim Sweeney, whose company successfully changed Apple’s steering rules in the U.S. earlier this year, accused Apple of “malicious compliance” in its approach to the DMA.

“Apple’s new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,” Sweeney posted on social media on Thursday. “Apps with competing payments are not only taxed but commercially crippled in the App Store.”

The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine.

Apple’s restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads.

The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple’s 15% to 30% commission.

In the U.S., Amazon’s iPhone Kindle app now shows an orange “Get Book” button that links to Amazon.com.

This post appeared first on NBC NEWS

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Investing

Editor’s Picks: Platinum Hits 11 Year High, Expert Touts Silver’s Bullish Future

Investing 4 Mins Read

It was a week of downward momentum for the gold price.

The yellow metal neared the US$3,400 per ounce level on Monday (June 23) as investors reacted to the weekend’s escalation in tensions in the Middle East, but sank to just above US$3,300 the next day.

The decline came as US President Donald Trump announced that Israel and Iran had agreed to a ceasefire. While the ceasefire has not gone entirely smoothly, with Trump expressing displeasure about violations, the news appeared to calm investors.

Gold’s safe-haven appeal took another hit toward the end of the week, when Trump said late on Thursday (June 26) that the US had signed a trade deal with China. Although details remain scarce — China’s commerce ministry confirmed the arrangement, but said little else — the gold price dropped on the news, closing Friday (June 27) at about US$3,274.

It was a different story for other precious metals this week.

Silver enjoyed an uptick, rising as high as US$36.79 per ounce before pulling back to the US$36 level. Whether it can continue breaking higher remains to be seen, but many experts are optimistic.

In fact, Randy Smallwood of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) said that right now he’s perhaps more excited about silver than he is about gold. Here’s how he explained it:

There’s not a lot of new production coming on stream, just because most silver comes as a by-product from lead, zinc and copper mines — more than half of silver. And we’re just not seeing the investment into the base metals space that we need to sustain that production and grow that production.

As excited as I am about gold, I think silver’s got a few more fundamentals behind it that make it a pretty exciting time to be watching silver … silver’s got some catching up to do with respect to what gold’s done over the last few years.’

Watch the full interview with Smallwood for more on silver, as well as gold and platinum.

Speaking of platinum, it was also on the move this week, rising above US$1,400 per ounce.

The move has turned heads — despite a persistent supply deficit, platinum has spent years trading in a fairly tight range, and it hasn’t crossed US$1,400 since 2014.

Recent trends supporting platinum’s move include a shift toward platinum jewelry due to the high cost of gold, as well as larger platinum imports to the US earlier this year when tariff uncertainty was heating up. At the same time, miners have faced challenges.

‘This has led to tight forward market conditions,’ said Jonathan Butler of Mitsubishi (TSE:8058), ‘with a deep backwardation across the curve.’ In his view, these conditions will continue providing support for the precious metal in the coming weeks.

Bullet briefing — Gold repatriation, Rule Symposium

Germany, Italy to repatriate gold?

Germany and Italy are facing calls to bring home gold stored in the US.

According to the Financial Times, politicians and economists in the two countries are pushing for repatriation as a result of global geopolitical uncertainty, as well as concerns about Trump’s potential influence on the Federal Reserve as he continues to criticize Chair Jerome Powell.

‘We are very concerned about Trump tampering with the Federal Reserve Bank’s independence. Our recommendation is to bring the (German and Italian) gold home to ensure European central banks have unlimited control over it at any given point in time’ — Michael Jäger, Taxpayers Association of Europe

The news outlet calculates that German and Italian gold held in the US has a total value of about US$245 billion. Market participants agree that it would be a blow to relations with America if the countries were to bring their gold home at this time.

At least for now they seem unlikely to do so — although Italy’s central bank hasn’t commented, Germany’s Bundesbank said it sees the New York Fed as ‘trustworthy and reliable.’

Send your questions for the Rule Symposium

The Rule Symposium runs in Boca Raton, Florida, from July 7 to 11, and I’ll be heading there to interview Rick Rule, as well as Adrian Day, Lobo Tiggre, Andy Schectman, Dr. Nomi Prins and more.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Editor's pick

Israeli strike on Iranian prison killed more than 70, says Iran state-affiliated media

Editor's pick 2 Mins Read

Israel’s attack on Evin Prison in the Iranian capital of Tehran on Monday killed 71 people, according to Mizan, the news outlet of the Iranian judiciary.

“The martyrs include prison administrative staff, conscripted soldiers, inmates, family members of prisoners who were at the prison for visits or legal follow-ups, and neighbors living near the prison,” judiciary spokesperson Asghar Jahangir said in remarks published on Sunday.

The state-affiliated news agency Fars reported that “much damage” had been recorded in the surrounding area.

The Israeli military attacked the entrance of Iran’s notorious Evin Prison on Monday, according to Israel’s defense minister and Iranian state news.

Security forces at the Evin detention center are known for their long record of human rights abuses, according to regime critics. Political activists, journalists and musicians are among those who have been incarcerated at the facility.

It is unclear why Israel targeted the facility. Israeli Defense Minister Israel Katz confirmed in a statement that Evin had been targeted, alongside several other sites, including the flagship building of the Islamic Revolutionary Guard Corps (IRGC) and the Basij headquarters (a paramilitary wing of the IRGC), without providing any further details.

France’s foreign minister condemned the strike on the prison, which was housing two French nationals.

“The strike aimed at Evin Prison in Tehran put in danger two of our nationals, Cecile Kohler and Jacques Paris, hostages for the past three years. It’s unacceptable,” Jean-Noël Barrot said in a post on X following the attack.

The couple were on holiday in Iran in May 2022 when they were stopped by authorities and arrested on suspicion of espionage. In October that year, Iranian state television broadcast a forced confession from the pair, during which Kohler said she was an agent working for France’s intelligence services, the DGES.

A ceasefire between Iran and Israel was announced late on Monday, after 12 days of back and forth strikes that started when Israel attacked Iran earlier this month.

This post appeared first on cnn.com

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Editor's pick

UK police assess footage of Glastonbury acts over anti-Israel chants

Editor's pick 4 Mins Read

British police say they are reviewing comments made on stage by rap punk duo Bob Vylan and hip hop trio Kneecap at this year’s Glastonbury Festival.

Rapper Bobby Vylan took to the festival’s third-biggest West Holts Stage on Saturday shouting “Free, free Palestine,” before leading crowds to chants against the Israeli military.

Video showed the rapper shouting into the mic, “Alright, but have you heard this one though? Death, death to the IDF (Israel Defense Forces).”

The artist also performed in front of a screen that displayed a message which read: “United Nations have called it a genocide. The BBC calls it a ‘conflict,’” referring to the UK’s public broadcaster that has been showing the festival live.

The Israeli Embassy in the UK said it was “deeply disturbed” by what it called “inflammatory and hateful” rhetoric at the festival.

It said that when chants such as “Death to the IDF” are said in front of tens of thousands of festivalgoers, “it raises serious concerns about the normalisation of extremist language and the glorification of violence.”

“We call on Glastonbury Festival organisers, artists, and public leaders in the UK to denounce this rhetoric and reject of all forms of hatred,” it added.

Glastonbury Festival said in a statement that was “appalled” by Vylan’s remarks.

“Their chants very much crossed a line and we are urgently reminding everyone involved in the production of the festival that there is no place at Glastonbury for antisemitism, hate speech or incitement to violence,” organizers said.

Ahead of the five-day music festival, all eyes were on Irish-language hip hop trio Kneecap after band member Liam O’Hanna – who performs under the state name Mo Chara – was charged last month with a terrorism offense following an investigation by London’s Metropolitan Police.

The charge, which he has denied, relates to a London gig in November 2024 where he allegedly displayed a flag of Hezbollah – a proscribed terrorist organization banned under UK law. Ahead of the festival at Worthy Farm, British Prime Minister Keir Starmer said he did not think it was “not appropriate” for the group to perform.

Kneecap have been vocal critics of Israel’s war in Gaza but have previously said it has never supported Hamas or Hezbollah.

During the set, Mo Chara told the crowds that recent events had been “stressful” but that it was nothing in comparison to “what the Palestinian people are going through.”

Kneecap rapper Naoise O Caireallain, who goes by the stage name Móglaí Bap, hit back at Starmer’s comment during Saturday’s set: “The Prime Minister of your country, not mine, said he didn’t want us to play, so f**k Keir Starmer.”

In reference to his bandmate’s forthcoming court date, O Caireallain also said they would “start a riot outside the courts,” before adding: “I don’t want anybody to start a riot. No riots just love and support, and more importantly support for Palestine.”

Police in Somerset, where the festival is held, said the force was “aware of the comments made by acts” and that “video evidence will be assessed by officers to determine whether any offences may have been committed that would require a criminal investigation.”

UK Health Secretary Wes Streeting slammed the performance as “appalling” in an interview with Sky News on Sunday morning.

He said that the BBC, which broadcast the set live, and Glastonbury “have got questions to answer.”

A BBC spokesperson said that some of the comments made during Vylan’s performance were “deeply offensive,” and added it had no plans to make the performance available on demand through its iPlayer streaming platform.

This post appeared first on cnn.com

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Stock

3 Stock Setups for the Second Half of 2025

Stock 5 Mins Read

As we head into the second half of 2025, here are three stocks that present strong technical setups with favorable risk/reward profiles. One is the largest market cap stock we’re familiar with, which bodes well for the market in general. The second is an old tech giant that’s making a comeback. The third is a beaten-down S&P 500 name that may be ready to rally.

Let’s dive into these three stocks.

NVIDIA (NVDA) is Leading the Market

Nvidia (NVDA) shares have finally broken out and closed above $150, a level we’ve been closely watching. With price action above that resistance threshold, NVDA’s stock price has room to run.

DeepSeek and tariff concerns seem to be in the rearview mirror. The fundamental positives are continued earnings growth, continued large tech cap-ex spend, and, more recently, Jensen Huang’s unveiling of a cute robot he feels could be the next big thing.

Technically, this move has legs, and we have the patterns and history to show for it. The risk/reward set-up is now quite favorable. Let’s break it down.

Over the last five years, there have been periods of consolidation (green boxes) and then significant breakouts to the upside. In all cases, shares became overbought according to the relative strength index (RSI). But overbought doesn’t mean NVDA’s stock price will reverse. During uptrends, overbought conditions can last for quite some time, as they did after the prior two significant breakouts.

With the official breakout above $150 and RSI again reading over 70, history suggests an extended rally is in the cards. A gain of 25–30% from current levels and a run to $200 is likely.

The downside risk is to the $150 level, from which shares just broke out. If this move is just a head fake, then use that level as a stop to limit your losses. This risk/reward set-up is why we believe this is one to own for the back half of 2025.

Cisco Systems (CSCO) Finds New Life

Old-timers like me may remember what a high flyer Cisco Systems (CSCO) once was. It’s been a member of the Dow Jones Industrial Average ($INDU) since June 2009, and shares have struggled to sustain any upward momentum until lately.

Fundamentally, the company continued to grow through acquisition. Now, those deals are starting to help their bottom line, namely the $28 billion acquisition of Splunk that closed in 2024. 

Technically — and that’s what we care about on the StockCharts platform — we can have some fun.

Below is a 30-year chart going back to the dot-com boom. Cisco was one of Wall Street’s darlings and climbed astronomically before falling from the skies. It has struggled to revisit those levels, but that could change soon. 

Switching to a smaller time frame — a three-year weekly chart (see below) — we are seeing great set-ups as we head into the back half of 2025.

CSCO’s stock price consolidated between $43 and $55 for 15 months and broke out in late 2024. Shares rallied and then pulled back to old resistance (now support) at $55 and began their climb back.

Now shares are breaking out again. An upside target of $82, the all-time high set back during the dot-com era, is within reach and may just get there by year-end. The risk/reward seems favorable and, given the run in tech and cyber stocks which CSCO represents, the momentum is there to reach those highs.

Generac’s Power Play

Welcome to hurricane season! It lasts from June 1st to November 30. Generac (GNRC), a leader in home backup power, tends to perform well during weather extremes. It isn’t always the primary catalyst for rallies over the long term in the stock, but it can spur short-term rallies.

Last week, as much of the country was in the middle of a heat wave, GNRC had the best week of gains since November 2024, rallying nearly 12%. The trend change seems to be underway. Shares are lower by -8.1% year-to-date, and there’s room to run.

However, the charts are showing signs of life. Let’s keep this one as simple as possible.

The stock broke its longer-term downtrend (red line)

Shares have made a consistent set of higher lows (green uptrend)

Shares recaptured their 50-day moving average

Shares consolidated in an ascending triangle and broke out

Shares tested and failed to recapture their 200-day moving average

Progress is being made. The trend has changed, there’s something to reverse, and seasonal factors and reduced tariff concerns are a true tailwind.

Shares could easily pull back — a flag, if you will — to the $135 area, but should be a great entry point from a risk/reward perspective. Overall, shares are poised to continue reversing that longer-term downtrend, and could be a good addition to the portfolio for the end of 2025.

The Bottom Line

Each of these stocks offers a viable investment strategy with favorable risk-to-reward ratios. If you’re going to enter a position, use clearly-defined stop levels to manage your risks.

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Week Ahead: As NIFTY Breaks Out, Change Of Leadership Likely To Keep The Index Moving

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After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%).

The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely to see a distinct shift in the leadership, with the sectors that were in the bottoming-out process taking the lead. This would also mean that one must now focus on taking profits in the spaces that have run up much harder over the past week. While protecting gains, it would be wise to shift focus to the sectors that are likely to see much improved relative strength going forward from here.

The levels of 25750 and 26000 are likely to act as potential resistance levels for the coming week. The supports come in at the 25,300 and 25,000 levels. The trading range is likely to stay wider than usual.

The weekly RSI is 64.58; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A large white candle emerged, indicating the directional strength that the markets exhibited throughout the week.

The pattern analysis of the weekly chart shows that the Nifty initially crossed above the rising trendline pattern resistance. This trendline began from the low of 21150 and joined the subsequent rising bottoms. However, the Nifty consolidated above the breakout point for six weeks before finally resuming its move higher. The Index has pushed its resistance levels higher; as long as the Index stays above the 25000 level, this breakout will remain valid.

It is also important to note that the Nifty’s Relative Strength (RS) line is attempting to reverse its trajectory. This may lead to the frontline index improving its relative performance against the broader markets. Along with this shift in relative strength, it is also strongly recommended that one consider protecting gains in sectors that have risen significantly over the past several weeks. The leadership over the coming weeks is likely to change, making rotating sectors even more important than before. While protecting gains, new purchases must be initiated in sectors that are showing improvement in momentum and relative strength. While some consolidation cannot be ruled out, a positive outlook is suggested for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that only two sector Indices, Nifty Midcap 100 and the Nifty PSU Bank Index, are inside the leading quadrant. While the Midcap Index continues to rotate strongly, the PSU Bank Index is seen giving up on its relative momentum. These two groups are likely to outperform the broader markets relatively.

The Nifty PSE Index has rolled inside the weakening quadrant. This may result in the sector slowing down on its relative performance. The Nifty Commodities, Financial Services, Infrastructure, Banknifty, and the Services Sector Index are also inside the weakening quadrant.

The Nifty Consumption Index has rolled into the lagging quadrant. The FMCG Index and the Pharma Index also continue to languish inside this quadrant. The Nifty Metal Index is also located within the lagging quadrant; however, it is sharply improving its relative momentum compared to the broader markets.

The Nifty Realty, Media, IT, Auto, and Energy Indices are located within the leading quadrant. These groups are likely to assume leadership over the coming weeks as they continue to improve their relative momentum and strength compared to the broader Nifty 500 Index.

Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

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