Wealth Creation Through Natural Resources
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 6, 2015) – Cancana Resources Corp. (TSX VENTURE:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, announced the JV has purchased a new exploration licence (see figure 1, highlighted in … Continued
Gold has outperformed stocks (S&P 500) during 2015: While Treasury bonds (+3.15%) have easily trumped stocks (-5.19%), precious metals, and commodities (CRB -15.02%) during 2015 it is notable that gold (-4.39%) has actually outperformed stocks during a year in … Continued
A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair … Continued
A notable divergence took place today between gold miners (GDX) and gold itself: GDX rose 2.46% as gold fell 1.1%. This is a large divergence which could be explained by a multitude of factors (month end rebalancing, ~2% rally in … Continued
US equities as represented by the S&P 500 have broken major long term uptrend lines. However, thus far the index is holding above key support near the SPX 1820 level: SPX (Weekly) As bearish sentiment mounts and the technical backdrop … Continued
Wednesday, September 30th, 2015, Vancouver, BC, Canada – Cancana Resources Corp. (TSX.V:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, are reporting results from operations at the Dnei site that support previously completed geophysical survey … Continued
Thus far Iraqi government forces and various Iran backed militias have managed to keep ISIS from capturing and/or inflicting damage on key Iraqi oil infrastructure. However, RBC points out that despite significant coalition airstrikes ISIS has not sustained material diminution … Continued
The best trade setups occur when many different factors align simultaneously. Case in point the IBB (Biotech iShares) chart today: Here are the factors which lined up simultaneously today: ‘Oversold’ (RSI-14 below 30) Down 7 consecutive days Below lower … Continued
Gold is ripping higher this morning amid heightened fears of global deflationary pressures and a slew of central bank rate cuts (Norway, Taiwan, etc.): This morning’s move higher is highly significant because price decisively broke above last week’s resistance … Continued
Cancana’s Brazil Manganese Corporation project (BMC) in the the northern state of Rondonia in Brazil is uniquely positioned to capitalize on Brazil’s emergence as the world’s new breadbasket. The BMC project is poised to meet a growing domestic and global … Continued