Wealth Creation Through Natural Resources
Written by: James Fraser via CEO.ca A look at some of my favourite news releases out this morning. Pretium Resources (PVG:TSX) – Pretium has provided an update on the Brucejack Project in northwestern British Columbia. 2015 plans for the uber high … Continued
GDX passed an important test of support today. The goldies were looking absolutely dreadful this morning but buyers showed up near a crucial area of support around lunchtime and put the throttle to the floor into the close: $18.75 … Continued
Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: … Continued
Treasury yields are bumping up against major resistance this morning. The 10-year note yield, in particular, is threatening a breakout above multi-year resistance in the 2.30%-2.40% yield range: There are a few reasons why this recent surge in yields … Continued
For the last two months gold has been ping-ponging between support around $1180 and resistance near $1225: To be sure, the $1180 level has been tested many more times than the $1225 resistance level. Given the extremely low levels … Continued
Canamax Energy CEO Brad Gabel discusses recent acquisition on BNN Canamax Energy – (CAC:TSXV) – Canamax has announced an acquisition of properties in Alberta for $24 million. The assets being acquired will add strategic Montney oil assets which will further … Continued
4 troubling charts: 1. Chicago PMI at levels which have historically almost always correlated with recessions 2. Producer prices offer a strong whiff of deflation… 3. U.S. 1st quarter GDP was absolutely dreadful regardless of all … Continued
After a record run of 16 consecutive weekly U.S. crude oil inventory builds the tide has turned and we are currently experiencing a streak of 4 consecutive weekly drawdowns: Via Sober Look Given that we aren’t even at peak demand … Continued
Gold has tumbled more than $50/ounce in the last 8 trading sessions and there is ample cause for concern that the decline isn’t over yet: Thus far support at $1180 has held, however, given the number of times this … Continued
Written by: James Fraser A look at some of the top mining stories out this morning and some additional comments on each. Ivanhoe Mines – (IVN:TSX) – Ivanhoe hosted a conference call this morning discussing the transaction announced with Zijin … Continued