Wealth Creation Through Natural Resources
$1.4 trillion in market cap has been erased from global mining equities in the last 5 years: Global equity indices are flashing a relatively rare oversold buy signal: Full-time employee has finally fully recovered from the financial crisis: … Continued
Positive news from Kaminak Gold this afternoon as the company released its eagerly awaited feasibility study for its flagship Coffee Gold Project in the Yukon. This is the crux of the report: “At a gold price of US$1,150/oz and an … Continued
Last night we pointed out the crucial moment that is at hand for gold and highlighted the importance of gold achieving a breakout above resistance within a couple of days. Within less than 24 hours gold delivered: GLD (Daily) … Continued
Gold begins the year rallying up to test an area of important support/resistance near $1080-$1090 as Saudi/Iran tensions run hot: Gold (Daily) The factors supporting additional upside in gold are numerous: Saudi/Iran and overall Middle East tensions mounting North … Continued
Resource investors should be encouraged by the first trading session of the new year. On a day in which the Dow Jones Industrial Average closed down nearly 300 points (down by more than 400 points at the session lows), precious … Continued
The Gold Miners ETF (GDX) has traded an enormous amount of volume in the $13-$14 price range during the last 6 months and the GDX enters 2016 experiencing some of the lowest realized volatility in history: GDX (Daily) This chart … Continued
This chart from RBC Capital Markets Research shows that non-precious metal mining shares are almost as cheap as they were at the depths of the 2008 Global Financial Crisis market crash: According to RBC non-precious metal mining shares are … Continued
“100 years of history proves that the Fed is clueless. The mismatch between interest rates and risk today is absolutely insane. My opinion is that the whole financial system is going to blow sky high.” The Energy & Gold … Continued
A sea of green across U.S. equity markets today: S&P 500 Heat Map Perhaps most interesting was that gold miners (GDX) rallied nearly 4% as gold added $17/ounce: GDX (Daily) GDX has spent the 2nd half of 2015 … Continued
Millrock Resources (MRO – TSXV) is a mineral exploration company following the prospect generator business model. That means Millrock generates exploration targets and finds deeper pocketed partners to pay for the expensive stuff like helicopter rentals and drilling, while Millrock … Continued