Wealth Creation Through Natural Resources
While gold futures ended the week near $1290, barely $1 off its highs and up ~2.5% for the week, the gold miners told a slightly different story. The GDXJ fell 3.52% on Thursday and only managed to gain 38 basis points … Continued
Shares of Newcastle Gold (TSX:NCA) surged 11.1% today on the heaviest trading volume in more than three years after reporting impressive drill results at its Castle Mountain gold project in California. Newcastle intersected 31.19 grams/tonne Au over 29.0 meters in … Continued
There is an intriguing situation developing in the silver market: Silver futures open interest has increased to nearly 220,000 contracts (nearly US$20 billion notional), within 6,000 contracts of last August’s peak Producers have moved to a larger short position (~US$6 … Continued
According to RBC mining share valuations have flipped considerably in the span of less than two months: After reaching a roughly 15% premium to net asset value (NAV) at the February peak the recent underperformance in mining shares relative … Continued
Heading into today’s trading session the market was clearly worried about a hawkish statement from the Fed with the potential for a faster series of rate hikes than previously expected. As it turned out the Fed statement was fairly neutral … Continued
Latin America is clearly the leading growth continent for the resource industry as senior metals producers scramble to replace depleting reserves. Chile is arguably the best country for mining and minerals exploration in Latin America. However, it is increasingly rare … Continued
When Energy & Gold published our first interview with Bob Moriarty, founder & editor of 321gold, more than two years ago we didn’t realize it would become a regular thing that would happen every couple of months. However, these chats … Continued
By all accounts inflation levels are beginning to accelerate globally and the Fed appears to be more committed than ever before to raising interest rates next week. Markets have spent the last couple of weeks pricing in a more aggressive … Continued
After running into resistance in early February the gold miners have been correcting for the last month. The correction has been deeper than a ‘garden variety’ sort of pullback with the GDX declining 17.5% from its peak on February 8th … Continued
The gold miners are back to where they were a month ago, but the way they got there today leaves ample cause for concern and has precious metals mining investors scratching their heads. With gold still holding above $1,250/oz and … Continued