Wealth Creation Through Natural Resources
Gold is facing a critical test of support for the 3rd time since mid-July after falling ~3.5% in the last eight trading sessions: Gold (Daily) There’s a lot going on in this chart: Gold has experienced some minor signs of … Continued
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sep 16, 2016) – Japan Gold Corp. (TSX VENTURE:JG) (“Japan Gold” or “the Company”) (formerly Sky Ridge Resources Ltd.) (TSX VENTURE:SYR.H) is pleased to announce that further to the announcement on July 6, 2016, the Company … Continued
After a volatile last several weeks here is the current situation in the gold miners ETF (GDX): GDX (Daily) The August correction in the gold miners have given way to a volatile trading range defined by roughly $25 on … Continued
This afternoon’s CFTC Commitment of Traders report reveals that last Friday’s disappointing U.S. employment report led to a surge in net length by large speculators (CTAs, hedge funds, etc.) in gold futures: There are a few aspects of this … Continued
“I believe that this will be the last time to get on board the train.” – Bob Moriarty For someone who professes to absolutely not be a market timer, Bob Moriarty has some pretty good timing when it comes … Continued
Gold in US dollar terms has spent the last month correcting roughly 5%. Things weren’t looking good for gold bulls at today’s lows but buyers showed up right at the key moment and price reversed and closed above the key … Continued
Gold in US dollar terms is undergoing a critical test at a key area of confluence near the July lows: Gold (Daily) Below $1310 gold has minor support between $1290 and $1300 before it heads down to major support near … Continued
In June we highlighted 10 stocks that were at the top of our list as potential takeover candidates and which in our estimation had plenty of upside still available to them. So we thought we would update this post with … Continued
Fiore Exploration (TSX-V: F), formerly Rouge Resources, is focused on exploring and developing the Pampas El Peñon gold project in Chile which it acquired from Arena Minerals earlier this year. The Pampas El Peñon gold project consists of two separate … Continued
Simple is usually more effective. The following line chart of GDX simplifies things and highlights the important stuff (trend and relative strength): GDX (Daily) Important observations from this chart: Trend is clear, from the lower left to the upper … Continued