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November 29th, 2023 | 09:55 CET

Aixtron, Blackrock Silver, Coinbase - Ready for the year-end rally

  • Mining
  • Gold
  • Silver
  • crypto
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Bets are increasing that the US Federal Reserve may have at least paused to raise interest rates further. This prompted the gold price to reach a six-month high of USD 2,016 per ounce. As with its little brother silver, the signs point to further price rises in the short term. The world's largest cryptocurrency, Bitcoin, even reached a new high for the year of over USD 38,000. Optimists are already anticipating prices well above the USD 50,000 mark.

time to read: 3 minutes | Author: Stefan Feulner
ISIN: AIXTRON SE NA O.N. | DE000A0WMPJ6 , Blackrock Silver | CA09261Q1072 , Coinbase | US19260Q1076

Table of contents:

    Coinbase - Crazy momentum

    Bitcoin has gained around 30% since October 1, jumping above the USD 38,000 mark for the first time in a year and a half. In recent days, the largest cryptocurrency took a short breather and fell back to the USD 37,000 mark. In contrast, there is no sign of weakness on the cryptocurrency trading platform Coinbase. Following the breakout at USD 116.19 follow-up buying drove the share to a new high for the year of USD 121.20. If it does not fall below the breakout level again, the path to the USD 150 range will be clear in the short term.

    According to the CEO of Coinbase, Brian Armstrong, the crypto industry is facing a decisive turning point following the settlement of the US Department of Justice with Binance, which could symbolize the start of a new era characterized by an improved reputation. Armstrong also addressed common past misconceptions about the use of cryptocurrencies for illicit purposes. He clarified that the proportion of illegal transactions in the crypto space is less than 1% of total activity, a significantly lower figure than illegal cash transactions.

    The Coinbase CEO's statements come at a time when the industry is under particular scrutiny as regulators and the public increasingly demand transparency and accountability. Armstrong's positive view of the Binance settlement reflects the general hope in the crypto community for a better-regulated and recognized market.

    Blackrock Silver - Significant increase

    The negative events in geopolitics with the war in Israel and Ukraine continue to escalate. In addition, there is a tailwind from the central banks, which are at least holding out the prospect of a pause in interest rate hikes. These are good times for precious metals, from which producers and exploration companies such as Blackrock Silver benefit significantly.

    Blackrock Silver focuses on its 100% controlled portfolio of properties in Nevada, located along the established Northern Nevada Rift in northern central Nevada and the Walker Lane Trend in Western Nevada. In this context, Blackrock's flagship project, Tonopah West, consolidates the western half of the famous silver district within the Walker Lane Trend. The Tonopah Silver District has historically produced over 174 million ounces of silver and 1.8 million ounces of gold. With 6.12 million tons grading 508.5 g/t silver equivalent at its Tonopah West project and a new bonanza-grade gold discovery at its Silver Cloud project, the Company already has several exploration successes to its credit. In addition to its gold and silver project portfolio, Blackrock Silver has a lithium discovery, the Tonopah North Project, which is under option to a major lithium exploration company.

    Recently, the Canadians published an updated mineral resource estimate for Tonopah West in the form of a NI 43-101 report totaling 570,000 ounces of gold and 47.74 million ounces of silver. Compared to the last estimate from April 2022, this represents an increase of 135%. Blackrock Silver also pointed out that silver and gold mineralization remains open in several places, indicating further untapped potential.

    The market capitalization of the promising company is CAD 68.24 million, and the share price is quoted at CAD 0.36. The next resistance level is CAD 0.43. If this is overcome, there would be potential to reach the CAD 0.60 range.

    Aixtron - Excitement in the fourth quarter

    The management of the leading provider of deposition equipment for the semiconductor industry is sticking to its full-year forecasts despite a weak order backlog in the third quarter. After nine months, the Company generated sales of around EUR 416 million with an EBIT margin of 27%. For the year as a whole, the Herzogenrath-based company is planning sales of between EUR 600 million and EUR 660 million with an EBIT margin of between 25% and 27%. This leaves a revenue gap of EUR 184 million, which Aixtron will have to compensate for in the fourth quarter.

    According to CFO Christian Danninger, this is not a problem, as he told the "Börsenzeitung" last week. Historically, most orders are received in the closing months of October to December.

    In order to be prepared for the future, construction work on a new innovation center at the headquarters in Herzogenrath near Aachen began last week. The specialist plant manufacturer is investing around EUR 100 million to create a research facility with the latest technologies available in the industry. Construction is set to proceed quickly. Aixtron plans to relocate the first systems as early as the second half of 2024. In particular, the research and development sector is to be strengthened.

    Coinbase is benefiting twice over from the outbreak of Bitcoin and progressive regulation. Aixtron anticipates a significant increase in turnover in the fourth quarter. Blackrock Silver was able to increase its resource estimate by 135%.

    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") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    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 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.

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    Der Autor

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author

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