Wealth Creation Through Natural Resources
While GDX is on the verge of experiencing a ‘golden cross’ (50-day SMA crossing above 200-day SMA) today’s large bodied bearish engulfing candlestick combined with a bearish MACD cross offers a distinctly bearish flavor: GDX (Daily) Both the bearish … Continued
Despite a ~$70/ounce pullback since trading up to $1263.90 a couple of weeks ago gold futures speculators continued to pile on bullish bets, reaching the highest levels of net speculative length since last October: Large & small speculators combined … Continued
ANNOUCES PRIVATE PLACEMENT TSXV Symbol: NNO Frankfurt Symbol: LBMB Vancouver, B.C., 25 February 2015, Nano One Materials Corp. (“Nano One”) (TSX Venture:NNO), Noram Engineering and Constructors Ltd. (“Noram”) and its subsidiary BC Research (“BCRI”) are pleased to announce that they have … Continued
Everyone has been watching the pennant pattern in gold this week and today it appeared that gold was breaking out to the upside and headed to ~$1300: Gold (Daily) The key word is “appeared”. After trading as high as … Continued
Urbanfibre Delivers Disruptive Internet, Voice, and Broadband Application Products Over its 200km High Speed Fibre-Optic Network Over the Next 12 months in Metro Vancouver and Victoria In October 2015 Telus announced plans to roll out a $1 billion fibre optic … Continued
There are plenty of reasons to turn bearish on gold (huge increase in speculative long interest, bearish seasonality, etc.) after a nearly $200/ounce advance in the space of one month. However, the price action is undeniably strong and the relatively … Continued
Just one month ago shares of Freeport-McMoran (FCX) and Teck Resources (TCK) were plumbing new depths near all-time low levels. What a difference a month makes: TCK has nearly tripled from its January 13th low at $2.56 and FCX has … Continued
A few weeks ago we highlighted Sabina Gold & Silver (SBB.TO) as a gold explorer that was set to outperform in 2016. SBB has strong fundamentals (including substantial recent insider buying and ownership, including by CEO Bruce McLeod) and SBB … Continued
Gold spent last week consolidating the gains of the previous weeks within a pennant pattern: Gold (Daily) It is likely that we will have another few days of consolidation ahead before gold’s next large directional move takes place. While … Continued
Bob Moriarty, Founder & Editor of 321gold, has had a hot hand recently with some of his market timing posts. In early February he emphasized that the bottom is in for gold and gold mining shares, gold surged more than … Continued