Wealth Creation Through Natural Resources
A couple of charts from Dundee Research highlight the relative cheapness of Continental Gold (CNL.TO) shares even after yesterday’s groundbreaking environmental permit approval announcement by its neighbor Red Eagle Mining (RD.V): Continental’s Buriticá project is high-grade and relatively good … Continued
Tonight is the season finally of the popular Discovery Channel program Gold Rush, and viewers are set to find out how much gold the Hoffman family dug up this season. Klondike Gold Corp (KG.TSXV), a fledging junior miner I own … Continued
Lets face it, nobody is bullish on the euro, nobody! Even ECB President Mario Draghi probably has a secret short position in the EUR/USD in order to hedge his euro exposure from his salary at the ECB. If the following … Continued
Today marks a significant achievement for Red Eagle Mining (RD.V) and the entire Colombian gold sector. The South American nation has a long and storied history of gold mining, but no modern gold mine has been permitted in the country. This … Continued
At the Subscriber Investment Summit in Toronto last week, Energy and Gold took in 15 presentations from leading junior mining and energy CEOs hand picked by three well known investment newsletter writers. One company, Canamax Energy (CAC.V), was introduced as the largest … Continued
Daily Commodity Chart Wrap 3/9/2015: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found … Continued
Last week the Nasdaq Composite reached the big round number 5000 level which it hasn’t seen since the tech bubble days of early 2000. A few other interesting things happened last week that should serve to add caution to investors … Continued
I was chatting with renowned technician J.C. Parets a couple of days ago for an interview that will be publish next week and he mentioned the Fibonacci cluster around 2140 on the S&P 500 as an upside target for the current … Continued
Since gold topped out near $1307 in late-January the yellow metal has followed a standard script in its descent; violent $10-$20 down moves that occur in a matter of seconds or minutes followed by much lengthier sideways or slightly rising … Continued
From CEO.CA: “In the last 9 years the reserve pricing used for 5 senior producers has gone from $365/oz to $1,200 ounce (+230%) while the gold price has only increased 184%. Mr. Wolfson found in the last 10 years the average … Continued