Wealth Creation Through Natural Resources
At the Vancouver Resource Investment Conference last week, CEO.ca was pleased to catch up with Andre Gaumond, CEO of Virginia Mines (VGQ.T). Virginia is in the process of merging with Osisko Gold Royalties (OR.T) to create the next mining royalty … Continued
Since forming a double-top at $1307/oz last week gold has formed a bearish technical pattern that could result in a move lower back down to the $1250s: A breach of the $1275 support level would set up a pullback to … Continued
Check out these quality links and have a powerful weekend!! Bloomberg: ECB’s Quantitative Easing Program Is Open-Ended, Visco Says TraderFeed: Tracking Real Time Market Sentiment Through Buy and Sell Programs CEO.CA: Iamgold is going shopping with $800 million and a check list Bloomberg: Ruble … Continued
Investors stay on gold as the ECB implements QE CNBC: Investor Icahn predicts Oil will go lower Reformedbroker: World’s most reluctant stimulus package gets underway Oilprice.com: Even with possible future sanctions Schlumberger looks to make large acquisition of about half of Eurasia Drilling Co … Continued
Mining.com: Vancouver based Eldorado mines down 18% with slashed forecasts Bloomberg: In an attempt to fend off deflation the ECB looks to inject 1.1 trillion Oilprice.com: IMF, OPEC contradicting each other with different opinions on oil price 321Gold: China’s new … Continued
Swiss removing cap on franc sent investors looking for a safe haven for their cash, they found a familiar place and have started buying Gold, hopefully a rally in Jrs will follow Mining.com: Six month high on high for gold as european … Continued
As pointed out a couple of weeks ago gold and gold stocks have been closely following the price pattern from August/September 2012 just before the Fed announced QE3. The analog is now reaching a potentially key inflection point: GDX (June-December 2012) … Continued
GoldCorp in the headlines today with the purchase of a new project, Oil looks to normalize in new trading range Mining.com: GoldCorp buys Probe mines promising gold project Seeking Alpha: Swiss abandonment of currency cap makes waves with Gold mining stocks … Continued
Financial Post: These two pipelines are doing what Keystone can’t 321gold: Silver ready to run? Mining.com: Cameco’s new uranium mine looks to produce 6-8mil pounds this year Swingtradingdaily: Heightened volatility = heightened risk, What am I doing… Business Insider: US Rig Count Falls By … Continued
The rally in gold miners which began in mid-December now measures over 31% and the GDX is threatening to move back above its 200-day moving average for the first time since early September: Given that other ‘bear market rallies’ during … Continued