Wealth Creation Through Natural Resources
Since topping out above US$4.50/lb in 2011, copper has fallen by more than 50% to a recent low of $1.94/lb. The 5-year copper bear market can be primarily blamed on soft Chinese demand and bloated Chinese copper inventories resulting from … Continued
Nevada Exploration (TSX.V: NGE, OTCQX: NVDEF) is a junior gold explorer that is committed to leading Nevada’s next wave of gold discoveries. NGE is unique among its peers in the junior gold space in terms of the technology it is … Continued
There’s no doubt that the S&P 500 has formed a mature topping pattern during the last ~18 months: S&P 500 (5-year) Below 1820 there isn’t much support for another 80-90 points, with the 38.2% Fibonacci retracement of the 2011-2015 … Continued
After rallying ~44% in 14 trading sessions the gold miners (GDX) are showing some signs of exhaustion: GDX (Daily) GDX printed a ‘shooting star’ candlestick following what could very well be an ‘exhaustion gap’. A few clues that today’s … Continued
Some stats about the current rally in the gold miners (GDX): +37.50% in 13 trading sessions GDX has gone from 3 sessions dipping below the lower 2-std. deviation Bollinger Band (January 19-21) to 3 consecutive closes above the upper 2-std. … Continued
Gold finished higher by more than 5% on the week and the gold miners as represented by the GDX rallied an eye-popping 20% for the week. There are signs of over-exuberance beginning to show up in the gold space beginning … Continued
Yesterday we shared a chart of Lake Shore Gold (LSG.TO) on StockTwits/Twitter highlighting the fact that LSG was testing the same area of resistance for the 4th time in the last 2 years. Today there is a rumor that LSG … Continued
Sabina is fully funded through environmental assessment and permitting phases World class management team with history of success in bringing Arctic projects to acquisition and/or production Completed feasibility study with 24.2% post-tax IRR at US$1,150/oz gold price Back River life-of-mine … Continued
Normally one would think that a 7.34% rally on enormous volume would be a bullish sign for a stock or sector. However, the last couple of times that GDX posted a huge rally on 120+ million shares price was considerably … Continued
At the Vancouver Resource Investment Conference last week, veteran junior mining analyst John Kaiser described the scene as a survivor’s ball. “This is the cream of the crop assembling into this place,” Kaiser said. He continued, “We will never, … Continued