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And remember, the point of this exercise is threefold:

  1. Consider all four potential future paths for the index, think about what would cause each scenario to unfold in terms of the macro drivers, and review what signals/patterns/indicators would confirm the scenario.
  2. Decide which scenario you feel is most likely, and why you think that’s the case. Don’t forget to drop me a comment and let me know your vote!
  3. Think about how each of the four scenarios would impact your current portfolio. How would you manage risk in each case? How and when would you take action to adapt to this new reality?

Let’s start with the most optimistic scenario, with the QQQ achieving a new all-time high over the next six to eight weeks.

Option 1: The Very Bullish Scenario

For the most bullish scenario, I basically assumed that the uptrend we’ve observed since September continues at a very similar pace. That would mean the QQQ could reach up to around $560 or so by the end of January. For that to happen, we’d need charts like NVDA to resume their uptrends, charts like META to hold their recent breakout levels, and all the other sectors to resume a more bullish configuration!

Dave’s Vote: 10%

Option 2: The Mildly Bullish Scenario

What if the Magnificent 7 names slow down a bit, and even though other sectors like financials and industrials begin to outperform, it’s just not enough to push the benchmarks much higher? Scenario 2 would mean a slower pace to the recent advance, but the bullish phase would still keep the QQQ this week’s close around $530. Perhaps the Fed meeting next week suggests a more measured pace to rate cuts in early 2025, and investors grow a bit more skeptical that this market euphoria will continue.

Dave’s vote: 20%

Option 3: The Mildly Bearish Scenario

The bearish scenarios basically assume that this week’s high is about it, and that even though we may drift a bit higher into year end, January 2025 looks a lot like January 2022. The mildly bearish Scenario means we pull back a bit, but not enough to push the Nasdaq 100 below “big round number” support at $500.

There are a number of ways this could play out, but perhaps the first run of economic data in January, combined with a disappointing beginning to earnings season, makes us all realize that the euphoria of 2024 is now in the rearview mirror!

Dave’s vote: 60%

Option 4: The Super Bearish Scenario

You always need a super bearish scenario, if only to remember that it’s always a possibility regardless of whatever’s happened in recent months! Scenario 4 would mean about a 15% decline in January, which would actually be a fairly reasonable corrective move based on market history.

If economic data shows that inflation is not remaining in the 2-3% range, or if earnings season is punctuated by a series of high profile misses, or if the Magnificent 7 all begin breaking down, this super bearish scenario could become a reality in short order.

Dave’s vote: 10%

What probabilities would you assign to each of these four scenarios?  Check out the video below, and then drop a comment with which scenario you select and why!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

In this video, Mary Ellen highlights how select M7 stocks, mostly TSLA, propped the markets up while some sectors continued to trend lower. She reviews how to find entry points in winning stocks, and also discusses why Small Caps are falling.

This video originally premiered December 13, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

The New York Yankees vowed they’d be aggressive after losing a bidding war for Juan Soto, struck again Friday by acquiring two-time All-Star closer Devin Williams from the Milwaukee Brewers.

The Brewers will receive veteran starter Nestor Cortés, infield prospect Caleb Durbin and $2 million cash in the deal.

An interesting aspect of the deal is that both pitchers surrendered gut-wrenching late-inning homers in the 2024 postseason. Williams gave up a three-run, ninth-inning homer to Mets first baseman Pete Alonso in Game 3 of the NL wild-card series, costing the Brewers a chance to advance to the NLDS. Cortés gave up a walk-off grand slam to Dodgers first baseman Freddie Freeman in Game 1 of the World Series.

The Brewers had planned to keep Williams, who’s eligible for free agency, at least until the trade deadline but found the deal was too good to resist.

The Yankees, who lost part-time closer Clay Holmes in free agency, had been in talks with free-agent closer Tanner Scott, but pivoted to Williams. Williams, who missed the first half of the 2024 season with stress fractures in his back, saved 65 games with 221 strikeouts in 141 innings over the past three seasons. The 2020 NL Rookie of the Year, Williams has a 1.83 ERA in 241 career games, averaging 14.3 strikeouts per nine.

Follow every MLB game: Latest MLB scores, stats, schedules and standings.

Cortés, who’s also a free agent after the 2025 season, was 9-10 with a 3.77 ERA for the Yankees last season, pitching 174 ⅓ innings. He immediately becomes one of the Brewers’ front-line starters.

Durbin, 24, was selected as the Arizona Fall League’s Breakout Prospect of the Year, hitting .312 and stealing 29 baes and was recently added to the Yankees’ 40-man roster. He was considered a strong candidate to make the team on opening day.

“I think he’s a stud, frankly,” Yankees manager Aaron Boone told reporters last month. “Great bat-to-ball [skill], elite ability on the bases as a base stealer, a good defender in the middle of the diamond at second base. He’s really started over the last year-plus to create some position flexibility, too. …

“Really competitive, kind of that hard-nosed, tough player.’

The Yankees, in the wake of losing Soto to the Mets, have now signed left-handed starter Max Fried to an 8-year, $218 million contract,  acquired Williams, and are in trade talks with the Houston Astros for outfielder Kyle Tucker while also negotiating with free agent first baseman Christian Walker.

They plan to fill in holes throughout the roster, they said, with the money they didn’t spend on Soto in hopes to return to the World Series.

Follow Nightengale on X: @Bnightengale

This story has been updated to include new information.

This post appeared first on USA TODAY

Lindsey Vonn is ready to race.

A month after announcing she was coming out of retirement, Vonn said Friday that she’ll return to the World Cup circuit next week in St. Moritz, Switzerland. The super-G races will be her first since February 2019, when the toll of several injuries forced her to retire.

But Vonn had a partial knee replacement last April and felt so good afterward that it got her thinking about returning to ski racing.

‘The last years of my career were a lot more challenging than I let on, than anyone really understood. But I feel stronger now than I did in my mid- to late-20s,’ Vonn, who turned 40 in October, said in a news conference ahead of the first women’s World Cup race at Birds of Prey in Beaver Creek, Colorado.

‘The passion for skiing has never gone away, I just wasn’t physically able to do it anymore,’ Vonn added. ‘Now that I have the chance to do what I love, why would I not try? Life is short. You’ve got to live every day to the maximum, and that’s all I’m doing.’

Here’s what you need to know about Vonn’s return to elite ski racing:

When will Vonn return to the World Cup circuit?

Next weekend!

Vonn will ski the super-G races in St. Moritz, a place where she’s won five times and finished on the podium another five times. Her last win there was in a super-G in 2015.

‘It’s a perfect place to start because I know that hill very well. I love it,’ Vonn said. ‘And it’s nice to start with super-G, as well, just to kind of dip my foot in, see how it goes.’

The first race is Saturday, followed by a second super-G on Sunday.

Is Vonn racing at Birds of Prey?

She’d hoped to, but no.

Even Vonn, who has won more World Cup races than anyone besides Mikaela Shiffrin and Ingemar Stenmark, can’t just show up at the starting gate. She had to get enough points to qualify for World Cup races, which she did last week with four races at Copper Mountain. She also had to re-enter the anti-doping pool.

By the time she got all that done, it was just too quick of a turnaround to be ready to race this weekend.

‘I couldn’t physically make it possible,’ Vonn said.

Instead, Vonn will serve as a forerunner, a person who skis the course before a race so the first skiers don’t have an advantage over the rest of the field.

Why is Vonn coming back?

Because she can. And because she loves ski racing.

Vonn is one of the greatest ski racers ever. In addition to her 82 World Cup victories, she won four overall World Cup titles and the downhill at the Vancouver Olympics in 2010. While the speed events were her specialty, she also won World Cup races in slalom, giant slalom and combined.

But Vonn badly injured her right knee in a crash in February 2013 — she tore her ACL and MCL and also had a tibial plateau fracture — and missed the Sochi Olympics in 2014 after re-injuring it in December of that year. She was injured ‘pretty much’ every season after that until she retired.

‘I kept going through all the injuries because I love ski racing. And no injury ever held me back until it finally broke me,’ Vonn said.

Vonn said she thought long and hard before having knee replacement surgery, and did extensive research before deciding to go ahead with it. Simply being pain-free was the goal, but when she was able to do things she hadn’t in years, she naturally wondered if racing was possible.

Vonn said she wasn’t concerned about her age, and took inspiration from Simone Biles’ comeback. Biles won her second Olympic all-around title in Paris at 27, an age once considered ancient for a gymnast.

‘I’m not the first person to do it. I’m just maybe the first woman to do it in ski racing,’ Vonn said. ‘I think Simone Biles is a perfect example of what can be done at an older age. And she’s not even old! It’s just — it’s outside the confines of what we believe is the right age for the sport.

‘I don’t think I’m reinventing the wheel,’ Vonn added. ‘I’m just doing what I feel is right for me but, at the same time, continuing on what other women have done before me.’

What does Vonn want from her comeback?

What do you think?

Vonn is, again, one of the greatest ski racers ever. If she’s coming back, she’s coming back to win.

‘Success is not just participating,’ she said. ‘While I am very excited to be participating, I definitely have goals and expectations and I’m trying to be as patient as possible with myself on this journey and take it step by step and not skip any steps.

‘I know my way back to a competitive level might take a race or two, but I certainly intend on getting back to where I was before.’

This post appeared first on USA TODAY

Travis Hunter has magnificently proven a point. Go ahead, keep telling the best player in college football what he can’t do. He wasn’t supposed to survive, let alone thrive, in the face of excruciating demands while playing full-time at two positions.

Or so said the conventional wisdom. 

And look at him now: The throwback Colorado Buffaloes star wide receiver and, er, cornerback, is the favorite to collect the Heisman Trophy on Saturday night. 

Surely, as the NFL looms, Hunter can’t expect to excel at both positions on the next level. 

Can he? 

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

“I don’t want to say what the man can’t do,” Charles Woodson, the Pro Football Hall of Famer, told USA TODAY Sports. “We just watched him do it in college. 

“I would prefer that he didn’t. If I was an NFL team, having a guy as talented as him, I would play him on defense. But I would have some packages for him on offense. He’s too talented of a player not to use at all on offense. But I wouldn’t put him out there full-time on offense and defense. The NFL is, just in terms of the physical nature of the game, guys’ body styles are much more mature, there’s a different speed of the game, just because guys are much better at every level of the game. 

“So, I wouldn’t try to play him every snap, but I would put him out there; I’d play him some snaps on offense.” 

Woodson, who played 18 seasons in the NFL as a defensive back and now serves as a studio analyst for Fox Sports, is as credible as anyone in reflecting on Hunter’s achievements and assessing the enormous prospects for his NFL future. 

On his path to winning the Heisman Trophy in 1997, Woodson was the supreme cornerback who dabbled as a wide receiver at Michigan. During his final two seasons with the Wolverines, Woodson caught 24 passes and logged 6 rushing attempts. 

The comparison stops when considering that as incredible of an athlete as Woodson was, he was merely a part-timer on offense. That’s one reason why he’s so impressed with Hunter, who averaged 113 snaps per game – with essentially a 50-50 split between offense and defense – to help ignite Colorado (9-3) to a berth in the upcoming Alamo Bowl. 

As a big-play receiver, Hunter caught 92 passes for 1,152 yards and 14 touchdowns this season.  

As shutdown corner, he snagged four interceptions, tallied 11 pass break-ups and had a key, game-sealing forced fumble.  

“You watch a game and they get off the field on defense and everybody from the defense goes over to the sideline, and he’s in the offensive huddle, getting ready to line up and play offense,” Woodson said. “So, very impressed with what he’s done. Travis has taken care of himself and makes sure that each and every week, he’s prepared to play.” 

Still, this sort of double duty would be a bit much to expect in the NFL. Even for Hunter, 21, considered the most gifted athlete poised for the NFL draft in April and projected as a top five pick. Yet after convincing his college coach, Deion Sanders, to allow him to play both ways – first at Jackson State, then the past two seasons at Colorado – Hunter (6-1, 185) has been adamant that he wants to continue playing both ways in the NFL. 

It’s going to be a tough sell – at least in envisioning full-time roles at both positions. 

Two high-level talent evaluators for NFL teams told USA TODAY Sports, under the condition of anonymity, that they project Hunter as a cornerback who could be used to a lesser extent as a wide receiver – essentially echoing Woodson’s sentiments. The team executives did not want to be identified because of the proprietary elements associated with personnel evaluations. 

“I see him as a cornerback that can give you some wide receiver snaps,” said the personnel director for an NFL team. “I think he could play wide receiver as his primary position, but he is more valuable to me as a corner because of the impact he could have there.” 

In other words, there’s a supply-and-demand equation working here. It is much more difficult for NFL teams to land an elite cornerback than to secure an elite receiver. 

“He has a big upside as a cornerback,” said an NFL general manager. “And you can find wide receivers almost anywhere now, if that makes sense.” 

Then there’s just the thought of the demands that it would take for Hunter to excel at two positions. This season, Hunter has logged 688 snaps on defense and 672 plays on offense. 

Let it be noted: The line in the sand is drawn for Hunter and those visions of going both ways as a full-time player at the next level.  

As the GM put it, “I cannot see how he holds up playing 100-plus snaps per game for 17 weeks in the NFL.” 

The personnel director concurs: “I think playing both ways in the NFL would be too much in terms of the playbook, coverages, adjustments, situationally, all of those things.” 

Woodson, drafted fourth overall by the Oakland Raiders in 1998, chuckled when asked if he could have envisioned playing both ways in the NFL. Even just a little bit. 

“I wish I could have played more snaps on offense in the NFL,” he said. 

During the early years of his NFL career, Woodson got a handful of snaps on offense. It’s not even a footnote on his illustrious NFL resume, which includes a Super Bowl championship with the Green Bay Packers, eight All-Pro selections, a Defensive Player of the Year award and a share of the league’s record with 13 career defensive touchdown returns. During the 1999 and 2000 seasons, Woodson caught two passes for 27 yards and rushed once for minus-3 yards. 

“I used to beg Jon Gruden, man, to put me in the game more on offense,” Woodson recalled, referring to his Raiders coach. “I don’t know if it was him and he just didn’t want to do it. I don’t know if it was Al (Davis). I would have been more than welcome to play more on offense.” 

When he starred at Michigan, Woodson had a much more receptive ear to that suggestion from coach Lloyd Carr after starting receivers Amani Toomer and Mercury Hayes completed their college eligibility with the 1995 season. 

“We lost those big-time guys after my freshman year with Mercury and Amani,” Woodson reflected. “I went up to Lloyd, like, ‘Hey, man, I can play a little offense, too.’ That’s kind of how it started. Even with that being said, I only played a handful of plays on offense. 

“But for Travis, he just continued that high school mentality over to college.” 

As Woodson pointed out, it’s typical for many elite high school players – in Hunter’s case at Collins Hill High School in Suwanee, GA; for Woodson at Ross High School in Fremont, Ohio – to play both ways before declaring one position in moving to the college level. 

When Hunter, however, made it clear as one of the nation’s top recruits that he intended to play both ways in college, only Sanders, aka “Coach Prime,” among the many college coaches he encountered during the process, agreed to the possibility. 

Sanders, who once played simultaneously as the NFL’s best cornerback and kick returner, while playing as a Major League Baseball outfielder, undoubtedly has a different perspective than most of his coaching colleagues. And he’s the Hall of Famer who played some wide receiver during his 14-year NFL career – most notably in 1996 with the Dallas Cowboys, when he caught 36 passes for 475 yards and hauled in a 47-yard reception during the Super Bowl 30 victory against the Pittsburgh Steelers. 

“For Coach Prime to see that talent in him and say, ‘You know what? I’m going to let you do this thing. I’m going to let you go out here and play the game each and every snap. As long as you can get out there and play the game,” Woodson said. “I think it’s had a tremendous impact on his life.” 

The moral of the story for Hunter: Never say never when telling him what he can’t do. 

Follow USA TODAY Sports’ Jarrett Bell on X @JarrettBell.

This post appeared first on USA TODAY

While the four finalists have yet to learn their Heisman Trophy placement, college football’s most prestigious award announced the fifth-through10th-place finishers on Friday night.

Colorado receiver/cornerback Travis Hunter, Boise State running back Ashton Jeanty, Oregon quarterback Dillon Gabriel and Miami quarterback Cam Ward will finish in the top four for the award as finalists who will attend the award ceremony in New York City on Saturday night.

The rest of the top 10 placers, who also had impressive seasons, had their finish revealed on Friday. One interesting tidbit about the top 10 Heisman finishers this season was that there wasn’t a single SEC player included, despite the conference being one of the strongest in the sport.

The rest of the non-finalist placers included Colorado quarterback Shedeur Sanders, Arizona State running back Cam Skattebo and Indiana quarterback Kurtis Rourke, to name a few.

Here’s the full list of fifth through 10th-place finishers in the Heisman Trophy voting:

Heisman Trophy voting

Note: Travis Hunter, Ashton Jeanty, Dillon Gabriel and Cam Ward will finish in the top four, with the winner announced Saturday night

Here are the top 10 Heisman Trophy finishers in 2024, as fifth through 10th place was announced Friday:

  • 5th place: RB Cam Skattebo, Arizona State
  • 6th place: QB Bryson Daily, Army
  • 7th place: TE Tyler Warren, Penn State
  • 8th place: QB Shedeur Sanders, Colorado
  • 9th place: QB Kurtis Rourke, Indiana
  • 10th place: QB Kyle McCord, Syracuse

Skattebo, who espoused his own Heisman candidacy after leading Arizona State to the College Football Playoff, came in at fifth place after rushing for 1,568 yards and 19 touchdowns on 263 carries. He also caught 37 passes for 506 yards with three touchdowns.

Sanders was also a notable addition, as the expected first-round pick in the 2025 NFL draft threw for 3,926 yards with 35 touchdowns to eight interceptions this season. Hunter, his teammate, is the favorite to win the Heisman, however.

Army quarterback Bryson Daily came in at sixth place after having the best season rushing by any quarterback in college football, as he ran 264 times for 1,480 yards with a whopping 29 touchdowns in the Black Knights’ triple-option offense.

Penn State tight end Tyler Warren and Rourke finished seventh and ninth, respectively, with both competing for a national championship as their teams made the CFP. Tenth place went to Syracuse quarterback Kyle McCord, who threw for 4,326 yards with 29 touchdowns to 12 interceptions in his first season after transferring from Ohio State.

This post appeared first on USA TODAY

Phoenix Suns minority owner Justin Ishbia is interested in buying the Minnesota Twins, according to multiple reports.

The Twins finished the 2024 season with an 82-80 record and missed the playoffs. Minnesota has made the playoffs four times in the last eight seasons, including in 2023 when it won the AL Central title and ended its lengthy playoff losing streak.

Here’s what you need to know about Ishbia and the Twins:

Who is Justin Ishbia?

Ishbia is a minority owner of the Suns and the Phoenix Mercury and also the founder and managing partner of Shore Capital Partners, which is a private equity firm based in Chicago.

All things Twins: Latest Minnesota Twins news, schedule, roster, stats, injury updates and more.

Justin’s brother, Mat, is the Suns’ majority owner. The team was purchased on Feb. 7, 2023 for $4 billion from Robert Sarver.

How much is Justin Ishbia worth?

Justin Ishbia is worth $4.9 billion, according to Forbes.

Who owns the Minnesota Twins?

The Pohlad family, which expressed its intent to sell the team earlier this fall.

“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” Twins executive chairman Joe Pohlad said in an October statement. “This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. … We’ve never taken lightly the privilege of being stewards of this franchise.”

Joe’s grandfather, Carl, led the initial purchase of the team in 1984 from the Griffith family for more than $35 million.

The franchise relocated from Washington, D.C. to Minnesota and changed its name to the Twins in 1961 under the Griffiths’ watch.

How much are the Minnesota Twins worth?

The Twins are estimated to be worth between $1.5 billion and $2 billion, according to ESPN.

This post appeared first on USA TODAY

FireFly Metals (ASX:FFM,OTC Pink:MNXMF) announced plans to dual list on Wednesday (December 11) after receiving conditional approval to trade on the main board of the Toronto Stock Exchange (TSX).

It will use the symbol FFM, the same symbol it uses on the Australian Securities Exchange (ASX).

The copper- and gold-focused company is set to debut on the TSX on December 16.

“(This) is a compliance listing only and will not be accompanied by a capital raising,” the company said, adding that it had AU$88 million in cash as of the end of October and is capable of fully funding its 2025 growth strategy.

FireFly is currently focused on growing the resource at its flagship Green Bay copper-gold project. It said in October that it is working toward the next resource update at the site, and expects it to come in the first half of 2025.

Green Bay is located in the Baie Verte district of Northeast Newfoundland, Canada, which is among the top 10 global mining investment jurisdictions, according to a 2023 Fraser Institute survey.

The project’s resource currently measures 460,000 tonnes at 1.9 percent copper equivalent within the measured and indicated categories, and 690,000 tonnes at 2 percent copper equivalent within the inferred category.

“Having established Green Bay as a high-grade, world-scale copper project, we believe the TSX listing will help the company capitalise on the strong interest among North American investors,” said Managing Director Steve Parsons.

Two of FireFly’s board members are already located in Toronto, and the company believes listing in Canada will help it attract local exploration and development talent.

According to FireFly, existing shareholders will be able to trade their shares on the TSX.

“(Shareholders will only need to) request to reposition their shares from the Australian principal share register to the Canadian branch share register and establish an account with an appropriate broker,” the company explained.

FireFly’s primary listing will remain on the ASX.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The US Securities and Exchange Commission (SEC) has reopened its investigation into Neuralink, Elon Musk’s brain-implant company, alongside a probe into Musk’s acquisition of Twitter, now rebranded as X.

A letter from Musk’s lawyer, Alex Spiro, disclosed the development on Thursday (December 12), raising questions about the ongoing legal disputes between Musk and the SEC, according to a Reuters report.

The letter, addressed to outgoing SEC Chair Gary Gensler, outlines the reopening of the Neuralink investigation and a settlement demand regarding the Twitter takeover, which happened in 2022.

The SEC has reportedly issued Musk a 48 hour deadline to accept a settlement offer or face enforcement action.

Details about the settlement amount have not been disclosed, and the SEC has yet to comment on the matter, citing its confidentiality policy regarding investigations.

Musk’s contentious history with the SEC

The SEC’s investigation into Neuralink adds another layer to Musk’s longstanding conflicts with the agency.

While the exact nature of the Neuralink probe remains unclear, Musk’s acquisition of Twitter over two years ago has been under scrutiny due to the timing and disclosure of his stock purchases.

Musk began acquiring Twitter shares in early 2022, eventually reaching a 9 percent stake before announcing plans to buy the social media platform outright for US$44 billion.

The letter accuses the SEC of harassment, referencing prior legal battles between Musk and the commission.

In 2018, Musk faced a lawsuit from the SEC over a tweet claiming he had secured funding to take Tesla private.

That case was resolved with a US$20 million fine; Musk also had to step down as Tesla’s chairman, and Tesla lawyers were required to review some of his public statements.

In his letter to the SEC, Spiro criticizes the government body’s actions, questioning the motivation behind the investigations and alleging that they were politically influenced. The lawyer also demands transparency about whether Gensler or other government entities have been directing what Spiro calls a campaign against Musk.

Neuralink, which was founded by Musk in 2016, aims to develop brain-computer interfaces with potential applications in medical treatment and human enhancement.

The company has faced challenges, including public and legal scrutiny over its research practices.

In 2023, the Physicians Committee for Responsible Medicine and four US lawmakers urged the SEC to investigate Neuralink for possible securities fraud, alleging that the company made misleading claims about its technology.

Musk has frequently expressed disdain for the SEC in the past. Following the publication of Spiro’s letter, he posted an image mocking Gensler on X, accompanied by a dismissive caption.

Deepening relationship between Musk and Trump

The investigation comes at a crucial time for Musk as his influence expands.

He is a member of a task force established by President-elect Donald Trump to oversee government reforms, and spent significant resources supporting Trump’s political campaign.

In November, a federal judge denied an SEC request to impose sanctions on Musk for failing to comply with court-ordered testimony related to the Twitter acquisition probe. Currently the outcome of the reopened Neuralink investigation and the ongoing Twitter acquisition probe remains uncertain.

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

This post appeared first on investingnews.com

Quetzal Copper Corp. (TSXV: Q) (‘Quetzal’ or the ‘Company’) announces a non-brokered private placement (the ‘Offering’) for aggregate gross proceeds of up to C$3,000,000, from the sale of the following:

  • up to 6,666,666 units of the Company (the ‘Units‘) at a price of C$0.15 per Unit for gross proceeds of up to C$1,000,000 from the sale of Units; and
  • up to 11,764,705 flow through units of the Company (the ‘FT Units‘) at a price of C$0.17 per FT Unit for gross proceeds of up to C$2,000,000 from the sale of FT Units. Each FT Share will be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada).

Each Unit and FT Unit issued under the Offering shall consist of one common share in the capital of the Company (each, a ‘Common Share‘) and one-half of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months from the closing of the Offering (the ‘Closing‘).

The Offered Securities will be offered by way of the ‘accredited investor’ exemption under National Instrument 45-106 – Prospectus Exemptions in all the provinces of Canada.

The Offered Securities will be subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the Offering.

The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended.

The Company intends to use the net proceeds from the sale of Units for exploration and development activities and general corporate purposes. The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through critical mineral mining expenditures’ as such terms are defined in the Income Tax Act (Canada) (the ‘Qualifying Expenditures‘) related to the Company’s Princeton and Dot projects in British Columbia, Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2024.

The Offering is scheduled to close on or around December 18, 2024, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the acceptance of the TSX Venture Exchange (the ‘TSXV‘). A cash commission and finder’s warrants may be paid to arm’s length finders on a portion of the Offering. The Unit Shares, FT Shares and Warrant Shares will be subject to a hold period ending on the date that is four months plus one day following the issue date of such securities under applicable Canadian securities laws.

In connection with the Offering, Quetzal Copper also announces that the Company has terminated the brokered private placement for gross proceeds of up to C$3,000,000 as announced on November 18, 2024.

About Quetzal Copper

Quetzal is engaged in the acquisition, exploration, and development of mineral properties in British Columbia and Mexico. Quetzal currently has a portfolio of three properties located in British Columbia, Canada, and one in Mexico. The Company’s principal project, Princeton Copper, is located adjacent to the producing Copper Mountain mine in southern British Columbia.

Quetzal Copper Corp.
Matthew Badiali, CEO
Phone: (888) 227-6821

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

The information contained herein contains ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events, or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof. Forward-looking statements in this news release include, among others, the anticipated closing date of the Offering, and statements relating to exploration and development of the Company’s properties.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233816

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