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In this video, Dave unveils his “line in the sand” technique to help determine when stocks in established uptrends may be near the end of the bullish phase. He’ll share specific levels he’s watching for the S&P 500, AMZN, TMUS, and KR, and also review three tools on the StockCharts platform you can use to monitor potential stop loss levels for stocks in your portfolio.

This video originally premiered on December 10, 2024. Watch on our dedicated David Keller page on StockCharts TV!

Previously recorded videos from Dave are available at this link.

As the year winds down, investors are beginning to position their portfolios for the New Year. I’m considering it, and perhaps you are too.

Next year, in addition to the seasonal rotations among sectors, we have a plot twist: a new administration in D.C. likely to bring disruptive policy changes affecting the market.

The Financials sector is expected to perform well under the new administration. If that’s the case, it’s worth taking a closer look at this sector and identify which stocks to watch for potential buy opportunities. If you’re already considering financial stocks and looking to fine-tune an entry before year-end, then consider those that have pulled back or are trading in a tight, low-volatility consolidation range—prime candidates for a potential bounce.

How can you spot these opportunities? One way is to use MarketCarpets’ Bollinger Band Width setting.

On Monday, I used this tool with the Latest Value setting, which provides a score between 0 to 100. The closer to zero, the narrower the BandWidth. The narrower the BandWidth, the greater the likelihood of spotting a “squeeze” leading to a significant price move or a breakout.

FIGURE 1. MARKETCARPETS BOLLINGER BAND WIDTH SET TO LATEST VALUE. It won’t be surprising if most of the big stocks on the list with the lowest value exhibit similar patterns.Image source: StockCharts.com. For educational purposes.

If you look at the table on the right, you’ll see that the three biggest stocks with the lowest chart values are Visa (V), Mastercard (MA), and Berkshire Hathaway B shares (BRK/B). If you were to continue scrolling, the three big banks with the narrowest Bollinger Bandwidths are Bank of America (BAC), Morgan Stanley (MS), Goldman Sachs (GS), and JP Morgan Chase (JPM). For many investors, some of these shares are quite expensive. So, let’s consider that and focus on the stocks that are more relatively affordable to most readers: BAC, MS, and JPM.

Before diving into these stocks, let’s examine the sector’s breadth using a daily chart of the S&P FInancial Bullish Percent Index ($BPFINA). We’ll also compare the relative performance of the Invesco KBW Bank ETF (KBWB) as a proxy for the large U.S. banking industry against the Financial Select Sector SPDR (XLF), which represents the broader financials sector.

Sector Breadth and Relative Performance of Banks vs. Sector

The $BPFINA shows the percentage of stocks signaling Point & Figure “buy” signals. Right now, 91% of S&P financial stocks are flashing buy signals (see below).

FIGURE 1. FINANCIAL SECTOR BULLISH PERCENT INDEX. The Financial sector is bullish but potentially oversold.Chart source: StockCharts.com. For educational purposes.

While a BPI figure above 50% is bullish, above 70% signals that the sector is potentially overbought. On an industry level, the banking industry is outperforming broader financials by 11% and rising.

Bank of America

Let’s get to the stocks, starting with a daily chart of BAC.

FIGURE 2. DAILY CHART OF BANK OF AMERICA. Is the stock poised for a big move up or down?Chart source: StockCharts.com. For educational purposes.

There’s a lot here, so I’ll bullet the key points:

  • BAC’s technical strength, as measured by the StockChartsTechnical Rank (SCTR) is slightly declining, but at a level just below 70, it signals only slight weakness.
  • The Bollinger BandWidth has decreased significantly, and BAC’s price is above the lower band. This doesn’t signify a squeeze as much as a low volatility pullback. But what are the chances that BAC is likely to decline further?
  • On a relative performance scale, BAC is slightly underperforming its industry, down barely 2%.
  • In terms of momentum, there’s a divergence between indicators: On Balance Volume (OBV) suggests high buying pressure, possibly driven by retail investors, while Chaikin Money Flow (CMF) indicates strong selling pressure, likely reflecting institutional activity.

BAC is one of the largest US banks, so I’d add it to my ChartList as a possible prospect for a longer-term investment. However, given the mixed technical signals, I consider this a wait-and-see moment, observing how price reacts at current levels and whether the OBV and CMF can align if BAC continues its move to the upside.

How does BAC compare with Morgan Stanley?

Morgan Stanley

Let’s take a look at a daily chart.

FIGURE 3. DAILY CHART OF MS. The stock’s performance, as measured by SCTR, is performing slightly better than BAC.Chart source: StockCharts.com. For educational purposes.

  • MS’s SCTR score, at 83, is stronger than BAC’s and close to the 90 level, which might be considered exceedingly bullish.
  • As its Bollinger BandWidth narrows, the stock has also fallen below support, coming out of a rounding top, and looking to fill the wide gap made at the beginning of November.
  • MS is slightly outperforming its industry peers by slightly over 3%, better than BAC’s relative performance.
  • Selling pressure, however, is strong, and the OBV and CMF appear to align.

This appears to be a classic pullback scenario. I would add this to my ChartList, as MS is one of the biggest players in the industry, but I’d wait for a bounce and monitor a bullish reversal in both the OBV and CMF before considering a long position.

JP Morgan Chase

Finally, let’s look at the last big bank on my list: JP Morgan Chase. Below is a daily chart.

FIGURE 4. DAILY CHART OF JPM. The divergence in the OBV and CMF is something to watch carefully.Chart source: StockCharts.com. For educational purposes.

  • JPM’s SCTR score of 76 is declining, yet still relatively bullish.
  • Its Bollinger BandWidth indication is similar to the two we just viewed. In JPM’s case, traders seem hesitant to commit to any direction as price settles right below the middle band. It’s as if they’re waiting for some indication to trigger movement in one direction or another.
  • Regarding relative performance, JPM is barely outperforming its industry peers, by a little over 1%.
  • Similar to the BAC example, there appears to be a potential, yet prominent divergence between retail buying and institutional selling, as the OBV has been climbing while the CMF has been steadily declining.

JPM is sitting in a near-term holding pattern. It’s going to break eventually. But for now, the market appears unable to commit to a given direction, and the mixed momentum signals seem to support this view. It’s best to monitor this on my ChartList and wait for stronger bullish signals and a definitive reversal to the upside before jumping in. In short, patience.

At the Close

Planning the coming year, I focused on a given sector (Financials) and used MarketCarpets’ Bollinger BandWidth setting to identify stocks with tight, low-volatility setups that might signal a breakout opportunity. This led me to BAC, MS, and JPM. While these stocks remain on my ChartList as longer-term prospects, I’m opting for a wait-and-see approach. Fine-tuning an entry is important. And while there are many ways you can do this, I just showed you one approach that might just come in handy given the right circumstances.


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 Tuesday afternoon selloff brings the broader indexes close to key support levels. In the first half of the trading day, the S&P 500 ($SPX) and Dow Jones Industrial Average ($INDU) were trading slightly higher. The Nasdaq Composite ($COMPQ) was the leader in the morning hours. But towards the last couple hours of the trading day, all three indexes sold off.

The bigger question is how much damage two down days in a row caused. With the broader stock market indexes rising to new highs, seeing two down days in a row is a bit disappointing. But a selloff is healthy, especially as we approach the end of the year, as long as the bullish trend is still intact.

The chart of the S&P 500 and Nasdaq Composite below shows that both indexes have an upward trending 21-day exponential moving average (EMA). However, the S&P 500 is getting close to its November high, which is a valid support level. The Nasdaq has a ways to go before it reaches its November high. A closer support level is a low of the December 4 price move, a gap up.

FIGURE 1. S&P 500 AND NASDAQ COMPOSITE SELL OFF. Although the bullish trend is still in play, watch the support levels and moving average convergence/divergence (MACD) for signs of a downtrend.Chart source: StockChartsACP. For educational purposes.

The moving average convergence/divergence (MACD) in the lower panel shows that the S&P 500 is the weaker of the two indexes, technically speaking. Since October, the MACD has been relatively flat while the S&P 500 was rising. The MACD for the Nasdaq was in a slight incline while the index was rising.

The good news is that the seasonally strong part of the month is yet to come. December and January tend to do well with the Santa Claus rally, the January Effect, and the January Barometer, three seasonal patterns discussed in the Stock Trader’s Almanac. The Cboe Volatility Index ($VIX) remains low, which is another variable that supports the bullish move in equities. We should get more clarity on Wednesday after the November CPI data is released.

Precious Metals Rise

While equities were selling off, gold and silver prices started inching higher. The surge in gold prices can be attributed to China’s central bank deciding to buy gold, something it hasn’t done in several years.

Gold prices pulled back to the 100-day SMA after reaching an all-time high at the end of October. Since then, it has been trending higher and could make another attempt to reach its high (see chart of gold continuous contract below).

FIGURE 2. GOLD FUTURES TRYING TO BREAK OUT OF A RESISTANCE LEVEL. If gold prices break above the resistance level, price could make an attempt to reach its all-time high.Chart source: StockCharts.com. For educational purposes.

Tuesday’s low coincided with the 50-day SMA, and the high coincided with previous highs. You could say that $GOLD traded between a support and resistance level. A successful break above Tuesday’s high would confirm that gold prices could aim to reach an all-time high.

A few geopolitical events surfaced this week that may have contributed to the rise in crude oil prices, which saw Treasury yields rise slightly. But these could be short-lived news-driven reactions.

NVIDIA’s Slide

One stock I’ll be closely watching is NVIDIA Corp. (NVDA). The Chinese government is investigating the company for antitrust activities. NVDA closed below its 50-day SMA on Tuesday with a declining StockCharts Technical Rank (SCTR) score of 50.20. The MACD is also indicating slowing momentum (see chart below).

FIGURE 3. NVIDIA’S STOCK PRICE FALLS BELOW 50-DAY MOVING AVERAGE. In addition, the SCTR score is at 50, which indicates weak technical strength. The MACD shows momentum is declining.Chart source: StockCharts.com. For educational purposes.

A further decline in NVDA’s stock price, which makes up about 7% of the S&P 500, could lower the index’s value.

The bottom line: November CPI will be released on Wednesday morning, 8:30 AM ET. Economists estimate a 2.7% year-over-year increase while the core CPI is expected to rise 3.3%. This would dictate Wednesday’s price action.


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.

DALLAS — The New York Yankees, wasting no time shrugging off the disappointment of Juan Soto’s defection, went shopping again, agreeing with left-handed starter Max Fried to an eight-year, $218 million contract, a person with direct knowledge of the contract told USA TODAY Sports.

The person spoke on the condition of anonymity because the deal won’t become official until Fried passes his physical.

The deal, which includes no deferrals or opt-outs, is the richest contract ever given to a left-handed pitcher, and the fourth-largest among all pitchers in history.

The Yankees, who were left at the altar Sunday when Soto rejected their 16-year, $760 million contract and instead took $5 million more and a year less from the Mets, acted like they weren’t that all broken-hearted.

They knew they had plenty of holes to fill and if they had signed Soto, they would have had no financial flexibility to fill their other needs.

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Now, they have one of the best lefties in baseball to go with ace Gerrit Cole, and have plenty of money left to find a third baseman, center fielder, first baseman and a reliever or too.

The Yankees, according to one official, have expressed interest in potentially trading for St. Louis Cardinals third baseman Nolan Arenado, center fielder Cody Bellinger of the Chicago Cubs, and pursuing free agent first baseman Christian Walker and reliever Tanner Scott.

And they still will have plenty of money left that wasn’t used to Soto.

“Look, it’s not going to stop us from hopefully going to put together another great team,’ Yankees manager Aaron Boone said Tuesday morning. “There’s different ways of doing it. We don’t even know which way that is this winter. You don’t know how it’s going to unfold, what free agents come into the mix, who you match up with, who you maybe match up with in a trade. That’s the fun part about now and trying to make good evaluations and good decisions ultimately to put us in a good spot moving forward.’

That pain of losing Soto was certainly eased with the signing of Fried, 30, a two-time All-Star with a 2.81 ERA the past five years in Atlanta. The Yankees beat out the Boston Red Sox and Toronto Blue Jays in the bidding for Fried.

“Our expectation is to still go out and build and put together a great team to go compete for a championship again next year,’’ Boone said. “That doesn’t stop.’’

They certainly took a huge first step in doing just that while vying for their first World Series title since 2009.

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DALLAS — The Texas Rangers, who bowed out of the free agent market last winter with the uncertainty of their TV contract, jumped right back in Tuesday by bringing back starter Nathan Eovaldi on a three-year, $75 million contract.

The Rangers, who were aggressively pursuing Max Fried before he signed an eight-year, $218 million contract with the New York Yankees, immediately pivoted to Eovaldi.

And, according to a high-ranking Rangers executive, they still plan to pursue one more starter and two relievers.

Their rotation now consists of Jacob deGrom, Eovaldi, Jon Gray, Tyler Mahle and Cody Bradford with Kumar Rocker and Jack Leiter knocking on the door.

Eovaldi, 34, who is 24-13 with a 3.72 ERA, including 298 strikeouts in 314 ⅔ innings in 54 starts the past two seasons with the Rangers, was able to parlay the hot pitching market into the three-year deal.

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“Good starting pitching is expensive,” Rangers GM Chris Young told Dallas reporters Monday. ‘The reality of it is, it never goes down. It’s just the state of starting pitching today.’

Eovaldi, a Texas native, is beloved by the organization after helping lead them to the 2023 World Series title by going 5-0 with 2.95 ERA over six starts in the postseason.

While the Rangers’ TV contract situation still is uncertain, owner Ray Davis has given his front office approval to raise the payroll – but keep it under the $241 million tax threshold.

“We are proceeding as though we can operate in a normal fashion,’ Young said, “that will allow us to complete the roster that we think is capable of competing for the division and hopefully a world championship.’

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Rocky Colavito, the wildly popular and powerful slugger for the Detroit Tigers in the early 1960s, died on Tuesday at age 91 in Bernville, Pennsylvania, after a long illness.

During his four years with the Tigers as the cleanup hitter, Colavito slugged 139 home runs and knocked in 430 runs, averaging 35 homers and 107 RBIs a season.

In 1961, the best year of his 14-year career, Colavito belted 45 homers and drove in 140 runs.

The Tigers that season, loaded with Colavito, Norm Cash, (that season’s batting champ at .361), Al Kaline and a solid pitching staff (led by Jim Bunning and Frank Lary), battled the New York Yankees for the pennant all year until the Bronx Bombers pulled away in early September.

Colavito arrived in Detroit just two days before the start of the 1960 season in one of baseball’s most noted and shocking trades, as the Tigers dealt 1959 batting champ (and fan favorite) Harvey Kuenn to Cleveland for Colavito, who had tied for the 1959 home run title after hitting four consecutive homers in Baltimore and gracing the cover of Time magazine.

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The trade of hitting stars was a stunner for all involved, especially Colavito, as he recounted in 2020:

“We were playing in Memphis for our last exhibition game and I was standing on first base when Joe Gordon (manager) walked out of the dugout and told me, ‘Rocky, that is the last time you’ll bat for Cleveland. You’ve been traded to Detroit for Harvey Kuenn.’ He said ‘good luck’ and I said ‘same to you’ and that’s all I ever said to him. I was taken out of the game, and I told my teammates who were shocked and disappointed like me. I had to fly that night with my now ex-teammates to Cleveland for the opener with my new team, which was a little awkward.

‘To this day I don’t understand it, nor do the Cleveland fans who still send me letters about it. ”

After one year with Cleveland, Kuenn was traded to the San Francisco Giants. He finished his career with that franchise in 1966 with a .303 lifetime batting average, but that was far from matching the production of Rocco Domenico Colavito.

A fan favorite in Detroit

It didn’t take long for Detroit fans to appreciate the slugger, who was born in the Bronx in New York on Aug. 10, 1933 and would go on to become the biggest home run threat for the organization since Hank Greenberg two decades earlier.

Youngsters on sandlots throughout metro Detroit routinely imitated Colavito’s on-deck and batter’s box rituals.

The slugger would hold his bat with both hands over his head and pull it down behind his back. Stepping into the batter’s box, he pulled up his flannel sleeves to help free his shoulders, and often did the sign of the cross before slowly pointing his bat at the pitcher three times.

“My on-deck routine was simply a stretching exercise that helped release tension, and my pointing the bat was really a timing device where I was kind of saying ‘Put the pitch right there,’ because as a power hitter, you are looking for a ball to drive,” Colavito said in a 2010 interview. “I can’t tell you how many times people have come up to me and said that when they were kids they would imitate me.”

Although he sometimes displayed a fiery temper while arguing with umpires, and was ejected after angrily jumping into the Yankee Stadium stands behind the Tigers’ dugout in 1961 in response to a fan harassing his wife and father, Colavito is also remembered by his thoughtfulness towards admiring fans and teammates.   

When a ballgame was over, win or lose, Colavito was famous for signing autographs for fans.

“As a kid I would try to get autographs outside of Yankee Stadium and I remembered not only how bad I felt when a player wouldn’t sign for me, but also the time I didn’t want to wash my hair after Charlie Keller patted me on the head,” he said. “I would tell the kids to line up in a straight line, not to take cuts or push, say ‘please and thank you’ and then I would sign for all of them.” 

A well-traveled slugger

Colavito’s time in Detroit lasted just four seasons, as he was traded after the 1963 season.

To the shock of Tigers fans, Detroit sent Colavito, pitcher Bob Anderson and $50,000 to the Kansas City Athletics for infielder Jerry Lumpe and pitchers Dave Wickersham and Ed Rakow.

The Tigers claimed the trade was made because rookie Willie Horton was ready to take over in left field. Yet a major factor was that the 29-year-old and Jim Campbell, in his first year as Detroit’s general manager, had a bitter contract dispute that lasted into 1963’s spring training.

Following one year with the A’s, for whom he hit 34 homers with 102 RBIs, Colavito was traded to Cleveland, the city that had adopted him and the place he never wanted to leave.

In 1965, his first year back in Cleveland, Colavito led the Amercian League in games played (162), RBIs (108) and walks (93) and became the first outfielder in American League history to finish a season with a perfect 1.000 fielding percentage. Meanwhile, attendance at Municipal Stadium increased by nearly 300,000 fans.

“Our collective hearts ache at the passing of Rocky,” Cleveland VP Bob DiBiasio said in a release. “Rocky was a generational hero, one of the most popular players in franchise history. … We send our most sincere condolences to the entire Colavito family, as well as his many teammates and other organizations impacted by his passing.”

In July 1967, Colavito was traded to the Chicago White Sox before wrapping up his career in 1968 with the Los Angeles Dodgers and New York Yankees. He finished his MLB career with a .266 batting average, 374 home runs and 1,159 RBIs. In addition to nine All-Star nods — four with the Tigers (two apiece in 1961-62), one with the A’s and four with Cleveland — he had four top-10 finishes in AL MVP voting (including an eighth-place finish in ’61 with the Tigers) and a second-place finish in AL Rookie of the Year voting in 1956.

His time in the field

Colavito had a very strong arm and originally wanted to pitch and play outfield.

His last hurrah occurred on Aug. 25, 1968, when he took the mound in relief during the first game of a doubleheader against the Tigers at Yankee Stadium, nearly 10 years to the day when he pitched against Detroit in his only other mound appearance.

Colavito pitched 2⅓ innings of one-hit ball while becoming the last non-pitcher to earn a win on the mound until Colorado’s Brent Mayne matched the feat in 2000. Playing right field in the nightcap, Colavito slammed a home run off Mickey Lolich to help the Yankees sweep the weekend series. (For his MLB career, Colavito pitched 5⅔ innings, allowing no earned runs and one hit.)

At the time of his retirement, Colavito’s 371 AL homers placed him third on the AL’s all-time list among right-handed hitters, behind Jimmie Foxx and Harmon Killebrew. From 1956-66, he was one of the game’s most consistent power hitters, as he became the fifth player with an 11-year span featuring at least 20 homers in every season. During that run, he averaged 32 homers and 99 RBIs a year.

Following his playing career, Colavito served as a color analyst on Cleveland TV broadcasts, served as a coach with Cleveland and the Kansas City Royals, operated a mushroom farm and was a sales executive for a temporary staffing company. In retirement, he particularly enjoyed hunting at his 90-acre deer camp near his home.

Horton, a Detroit native who eventually replaced him in left field, fondly recalled his first encounter with Colavito.

“When I was in junior high, a buddy and me were stopped by security at Briggs Stadium after we tried to sneak into the ballpark,” Horton said. “Rocky had just walked off Cleveland’s bus and saw what happened. He took us over to the Tigers’ clubhouse manager, John Hand, and asked him if he would give us a job in the locker room and sure enough, we got it. From that day on, Rocky was my hero. I would imitate his batting stance in a mirror, pointing my bat like he did, trying to get his stroke. When I joined the Tigers, he took me under his wing and helped me become a major leaguer. He also told me that I would one day take over from him in left field. I will never forget what he did for me.”

Another teammate had a warm memory of Colavito on a cold night in Baltimore.

After right-hander Denny McLain was called up to the Tigers in September 1963, Colavito gave him his warmup jacket. As McLain remembered, Colavito said, “You need this more than me.”

Even though Horton and McLain were only teammates with Colavito for just one month in 1963, both traveled to Cleveland in 2021 and joined hundreds of fans to be with him on his 88th birthday when a statue of Colavito was unveiled in the city’s Little Italy neighborhood.

When asked in the 2010 interview how he would like to be remembered, Colavito’s voice cracked.

“People might think I would say it would be hitting 45 homers with 140 RBIs in one season, or some BS like that, but I hope people will say that, ‘Rocky was a hell of a nice guy and a good human being.’ ”

Colavito is survived by his wife of 70 years, Carmen, sons Rocky Jr. and Stephen, daughter Marisa, five grandchildren and two great-grandchildren.

Funeral arrangements are pending.

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DALLAS — The St. Louis Cardinals have informed third baseman Nolan Arenado that they will do everything possible to trade him this winter, and have even granted permission to his agent to help facilitate a deal.

Arenado wants to be traded to a contender – with the World Series champion Los Angeles Dodgers his personal first choice – but is willing to waive his no-trade clause for “more teams than you would think,’ agent Joel Wolfe said.

“He would strongly consider it if it’s the right place to go,’ Wolfe said, “but he’s not going to go just anywhere. We hope something good happens, but he’s not going to approve and move his family and go play somewhere that would be (a lateral move).

“He’s in a good place with the Cardinals. He’s not going to go just to go.’

Wolfe has directly spoken to several teams who have shown varying interest in Arenado, including the Boston Red Sox, San Diego Padres, Philadelphia Phillies and Houston Astros. The Dodgers, however, plan to have Max Muncy remain their starting third baseman.

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Arenado, who lives in Southern California and also spends time in Phoenix in the offseason, twice passed on opt-out clause to remain with the Cardinals.

But now the Cardinals say they are going into a soft rebuild while cutting payroll.

His preference?

“A team that he thinks is going to win now and consistently for the remainder of his career,’ Wolfe said. “He wants a team that has the throttle down. I’m not saying the Cardinals don’t. That he believes he can jump right in and they’re going to win right now.

“The Cardinals are changing direction.’

Arenado, 33, still has three years remaining in his contract worth $74 million with the Colorado Rockies, his former team, responsible for $5 million.

Arenado, a 10-time Gold Glove winner, hit .271 with 16 homers and 71 RBI, his lowest totals since 2014 with a career-low .394 slugging percentage. He has spent time this winter in agility training, Wolfe said, along with martial arts.

“He’s always trying to get an edge,’ Wolfe said. “He wants to have an MVP-caliber season next year. He’s never content.

The Cardinals acquired Arenado from the Rockies before the 2021 season. He was a three-time All-Star, two-time Gold Glove winner and finished third in the NL MVP voting in 2022, but the Cardinals never won a postseason series with him.

Now, Arenado will be given the opportunity to win his first World Series before the end of his career.

“We both remain optimistic that both parties will remain happy somehow,’ Cardinals president John Mozeliak told St. Louis reporters. “He’s not demanding a trade or telling me that I have to do it, but in the best interests of both sides, I’d like to try and find him a place.’

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DALLAS — The hottest free agent in baseball was traveling Tuesday, getting ready to land in California, and start meeting next week with teams clamoring for his services.

He has never played a day in the major leagues and has only pitched in an MLB ballpark during the World Baseball Classic, but there’s not a GM or team who isn’t willing to spend every dollar they’re permitted to offer to order to sign him.

The name is Rōki Sasaki.

He’s the greatest 23-year-old pitcher on the planet, with a 100-mph fastball, devastating slider and split-fingered pitch. He was officially posted Tuesday, agent Joel Wolfe announced, providing teams a 45-day window to sign him.

Sasaki has teams drooling, going 29-15 with a 2.10 ERA in four years with the Chiba Lotte Marines, with 505 strikeouts in 394 ⅔ innings.

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He’ll also be quite the bargain since he’s under the age of 25 with less than six years’ experience. He must sign as an international amateur and can only receive money from a team’s international bonus pool, ranging from $5.1 million to $7.5 million.

No team is permitted to talk about a long-term contract or even promise a spot on the 40-man roster.

This is why money, Wolfe says, will be no factor.

“Given the gap in the bonus pool amounts is so negligible, my advice to him is don’t make a decision based on that,’ Wolfe said, “because the long-term arc of your career is where you’re going to earn your money.’

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Sasaki plans to meet with teams over the next two weeks before returning home to Japan, setting up in a central location during the first round of meetings.

“Teams have already begun sending presentations both in video and PowerPoint, PDF-form, that sort of thing,’ Wolfe said. “But we didn’t give teams a hard deadline to submit that information because we want them to be able to put the time in to do it right. Obviously, some teams were already working on these things, some of them for months I believe.”

The hope, Wolfe said, is for Sasaki to sign as close to the Jan. 15 international signing period as possible, providing time for him to get acclimated in his new city.

Sasaki has been heavily criticized in Japan for leaving NPB at a young age, two years before he’d be eligible for a massive payday like Yoshinobu Yamamoto received in his 12-year, $325 million deal with the Los Angeles Dodgers last winter.

“A lot of people jumped on board there creating some false rumors about him and his family,” Wolfe said. “It was very detrimental to his mental state.”

While the Dodgers are the favorites to sign Sasaki, joining fellow Japanese stars Shohei Ohtani and Yamamoto, Wolfe reiterated that the field is wide open.

Dodgers manager Dave Roberts was careful not to even mention Sasaki’s name in his press briefing on Monday, but San Diego Padres manager Mike Shildt was effusive in his praise for Sasaki, even predicting they would land him, joining his mentor Yu Darvish.

“We fully expect to be right there in the mix,’ Shildt said, “and at the end of the day, have Sasaki a Padre.’

There’s speculation that Sasaki, who’s soft spoken and reserved with a dry sense of humor, could prefer a quieter place like San Diego over Los Angeles, the country’s second-largest city.

“I think that there’s an argument to be made that a smaller, mid-market team might be more beneficial for him as a soft landing coming from Japan, given what he’s been through’’ Wolfe said, “and not having an enjoyable experience with the media. I’m not saying it will be, I don’t know how he’s going to view it, but it might be beneficial for him to be in a smaller market. I really don’t know how he looks at it yet because I haven’t had a chance to really sit down and discuss it with him in great detail.”

Wolfe denied, however, that the Southern California teams would have an advantage being the closest U.S. cities to Japan.

“I think about five or 10 years ago that was something that maybe they weighed a little bit more,’’ Wolfe said, “but now you can fly direct from Japan to most of the major cities in the U.S. It’s not really that much of an issue anymore.”

Sasaki has not met with any teams yet but is already doing his homework.

“He’s talked to a lot of players, foreign players, that have been on his team with Chiba Lotte,” Wolfe said. “He asked a lot of questions about weather, about comfortability, about pitching development. And just watching what other Japanese players in the major leagues are doing and how they are doing.”

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Troy Minerals Inc. (‘Troy’ or the ‘Company’) (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission of a drilling permit application for the Table Mountain Silica Project in British Columbia. This key milestone supports Troy’s strategic plan to evolve from an exploration-focused company into a revenue-generating mining operation, with production anticipated in the near term

The permit application details a comprehensive drilling program, requesting approval for a program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year, and an additional 20 holes planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period, with provisions for additional exploration activities as needed. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.

Strategic Advancement Towards Production

The submission of this permit application underscores Troy’s commitment to expediting the development of the Table Mountain Silica Project. The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase.

Yannis Tsitos, President of Troy Minerals, commented: ‘Submitting our drilling permit application for Table Mountain is a pivotal step in our aggressive strategy to evolve into a cash-flow-producing company. This initiative not only advances our British Columbia asset but also complements our broader portfolio, including the Tsagaan Zalaa Silica Project in Mongolia, as we aim to establish a significant strategic presence in the high-purity silica market in both North American and Asian jurisdictions.’

Project Highlights and Next Steps:

  • Phased Drilling Program: Authorization for up to 34 drill holes in 2025, focusing on priority targets to define the silica resource, with flexibility for additional drilling in subsequent years.

  • Production Timeline: Drilling activities are integral to Troy’s goal of initiating production at Table Mountain in the near term, contributing to the Company’s transition into a revenue-generating phase.

  • Strategic Positioning: The project’s proximity to key transportation and infrastructure hubs facilitates access to major markets, aligning with Troy’s objective to become a leading supplier of high-purity silica.

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a ‘Qualified Person’ as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.

About Troy Minerals

Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located ‘critical’ mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company’s primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

ON BEHALF OF THE BOARD,

Rana Vig | CEO & Director
Telephone: 604-218-4766
Email: rana@ranavig.com

Forward-Looking Statements

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Troy Minerals Inc.

View the original press release on accesswire.com

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Newmont (TSX:NGT,NYSE:NEM) announced the sale of its Cripple Creek & Victor mine in Colorado, US, to SSR Mining (TSX:SSRM,NASDAQ:SSRM) for up to US$275 million, continuing its ongoing restructuring efforts.

Under the terms of the deal, Newmont will receive US$100 million in cash upon closing, with an additional US$175 million contingent on regulatory approvals and conditions related to the Carlton Tunnel.

Newmont has agreed to bear 90 percent of potential closure costs exceeding US$500 million under a future regulator-approved closure plan. The transaction is expected to close in the first quarter of 2025.

For the better part of the year, Newmont has prioritized divesting its non-core assets to focus on its Tier 1 gold and copper operations. It is aiming to achieve up to US$3.9 billion in proceeds through asset sales and other liquidations.

Recent sales include the Telfer operation and a majority stake in the Havieron project for up to $475 million, alongside divestitures of the Akyem, Musselwhite and Éléonore operations. The company has also raised US$527 million through sales of other investments, including its Lundin Gold (TSX:LUG,OTCQX:LUGDF) stream credit facility.

In tandem with these divestitures, Newmont is implementing widespread organizational changes, including layoffs and a consolidation of its global business units. The company recently announced the dismissal of several senior managers, including an executive, as part of efforts to align its operational structure with its strategic priorities.

In addition, five standalone business units are being merged into three, eliminating divisions overseeing operations in Australia and Africa and integrating them with those managing North America and East Asia.

These changes come after Newmont’s acquisition of Newcrest Mining in 2023, which added significant gold and copper assets to its portfolio. The restructuring aims to reduce redundancy and optimize the organization for long-term success.

The overhaul also responds to challenges highlighted in Newmont’s third quarter report, which reveals rising costs at the company’s mines in Australia, Canada and Peru.

Despite a 30 percent increase in the gold price this year, Newmont’s share price performance has been modest, prompting internal reviews and discussions with investors about the company’s current approach.

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

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