Wealth Creation Through Natural Resources
Midas Gold is a junior gold explorer that IPO’ed during the summer of 2011 when the gold sector was in a frenzy and investors eagerly bid up gold plays to record valuations. Those days have long since passed; after reaching … 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
Since the December 2013 low in the gold miners the $19-$21 support/resistance level has been by far the most heavily traded price zone in the GDX: I continue to believe that the gold mining sector is on the verge of … Continued
It was a brutal day for the gold mining sector with a 3.61% loss and a close at session lows: Today’s candlestick is called a ‘bearish marubozu‘ due to the large full body with an absence of shadows on … Continued
US based gold producer Newmont Mining (NEM) has been a serial underperformer in recent years with shares falling more than 70% from its late-2011 all-time high to the December 2014 low. However, things may be on the verge of turning around … Continued
We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date: CNL carved out … Continued
Last week was a messy one for the gold miners. It began with yet another failure to break-out above resistance followed by what was shaping up to be a steep decline before buyers stepped in and price closed down a … Continued
Via TD Securities equity research: Over the weekend, Continental Gold announced that its was on track to complete permitting for its Buriticá (100%) gold project in Colombia, by the end of Q2/15. Management suggested that for an update expected at … Continued
It now seems like eons ago but at the end of last year I published a post titled “6 Big Surprises for 2015” in which I laid out a series of seemingly unlikely market events which I felt were much likelier to occur … Continued
Via CEO.CA, In the last ten years, new discoveries in the gold mining industry have been declining. So far this year, explorers are nowhere near matching the 89 million ounces of gold produced in 2014. There’s never been a greater … Continued