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Coinbase, Globex Mining, New Gold

Coinbase, Globex Mining, New Gold

It has now happened: the United States is directly involved in the war in the Middle East and has bombed nuclear facilities in Iran. The response from Tehran's government was swift. Iranian Foreign Minister Araghtschi said the US has ' crossed a very thick red line .' Iran will ' defend itself by all necessary means ,' he said. As a result, a spillover of the conflict into other countries cannot be ruled out. Once again, gold is serving as a safe haven. A jump above its previous all-time high is quite possible in the coming days, which could benefit both gold producers and exploration companies. Bitcoin is also showing relative strength in this turbulent environment. Coinbase – Breakout in progress
The standout crypto stock of the past week was once again the virtual currency exchange, Coinbase. With a weekly performance of around 27%, the price even briefly broke through the horizontal resistance level at USD 310.75 but ended the week just below that at USD 308.36. Breaking through this significant level would pave the way toward the all-time high of USD 349.75.
The price explosion was triggered by Wednesday's announcement that Coinbase would revolutionize the US derivatives market by becoming the first crypto exchange to allow the stablecoin USDC as a regulated trading margin in futures trading. The virtual currency will be approved as a regulated margin security in US-based futures trading through a partnership with clearing house Nodal Clear.
USDC is a stablecoin pegged 1:1 to the US dollar and issued by Circle Internet Financial (CRCL). With a current market capitalization of USD 61.5 billion, USDC ranks as the world's second-largest stablecoin. The crypto exchange Coinbase has a minority stake in Circle and actively promotes the distribution and use of USDC in digital payments. The securities are to be held in custody by Coinbase Custody Trust, a custodian licensed by the New York Department of Financial Services (NYDFS) who acts as a so-called 'qualified custodian.' Globex Mining – Intrinsic value rises
The Company's broadly diversified portfolio, valued at CAD 77.41 million, is benefiting enormously from rising gold and silver prices. Globex Mining (TSX:GMX), led by long-time CEO Jack Stoch, manages 129 precious metal projects alone. Globex Mining holds a total of 258 mineral rights in its portfolio, primarily located in legally secure North America.
The remaining properties contain base metals, rare earths, industrial minerals, and specialty metals. Globex generates cash flow from 112 companies through licensing to project partners who make ongoing license payments. The Company has cash and marketable securities worth over CAD 30 million.
Globex recently announced the results of its annual general meeting, confirming that all five candidates listed in the 2025 management information circular were re-elected. In addition, a positive update was provided on the ongoing work by Brunswick Exploration Inc. on Globex's royalty interests at Lac Escale, which forms part of Brunswick's Mirage project in the James Bay region of Quebec.
A new vein was discovered approximately 250 meters northeast of MR-6, a previously discovered lithium area, with drill hole MR-25-115 intersecting 29.5 meters grading 1.19% Li2O and open in all directions. Globex CEO Jack Stoch expressed his satisfaction with the progress made on Globex's royalty claims at Lac Escale and Brunswick's continued efforts to define a lithium deposit there.
From a technical perspective, the Globex share price remains in a sideways consolidation at CAD 1.38, similar to the gold price. The RSI has already turned upward again, making a renewed attack on the year's high of CAD 1.63 appear possible. New Gold – Chart outlook brightens
After reaching an all-time high of USD 3,500 per ounce in early April 2025, the gold price entered a phase of consolidation. However, contrary to many expert forecasts, the correction was only moderate. Instead, the yellow metal corrected its overbought condition through sideways movement and, after hitting an interim low of USD 3,120 per ounce, is now trending upward again. Gold is likely to receive a boost from developments in the Middle East. Following the entry of the United States into the conflict between Israel and Iran, intervention by other Islamic states seems likely. Gold, as a safe haven, is then expected to once again function as a crisis currency, which could result in record highs beyond the USD 3,500 mark.
Most gold producers, such as Barrick and Newmont, are far from their all-time highs. Even New Gold's high of USD 14.15, reached in September 2011, is around 193% away from the current price of USD 4.83. The chart picture for the gold producer, valued at USD 3.82 billion, has brightened significantly in recent weeks. Breaking through the horizontal resistance at USD 6.04 would be the last significant hurdle before New Gold could initially take off towards the USD 8.75 zone.
New Gold operates two mines in Canada: New Afton in British Columbia and Rainy River in Ontario. In 2024, the Company produced a total of 298,303 ounces of gold at all-in sustaining costs of USD 1,239 per ounce. For 2025, the Company expects gold production of between 325,000 and 365,000 ounces and AISC in a range of USD 1,025 to USD 1,125 per ounce. In addition, copper production is forecast at 50 to 60 million lb.
New Gold has ambitious growth targets for the long term: by 2027, gold production is expected to rise to around 400,000 ounces, while copper production is expected to grow to over 100 million lb. At the same time, the Company plans to reduce AISC to just USD 500 per ounce of gold.
Coinbase is poised for a revolution and has overcome significant resistance in the short term. New Gold is planning a massive expansion of production. Rising precious metal prices should cause the intrinsic value of the Globex portfolio to far exceed its market valuation. Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company.
In this respect, there is a concrete conflict of interest in the reporting on the companies.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.For this reason, there is also a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
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