Wealth Creation Through Natural Resources
For the last year the gold mining sector, as represented by the GDX, has been strictly range-bound. Of course there have been moments of optimism in which it seemed that the sector was breaking out, and there have also been … Continued
Many senior gold producers hit fresh 52-week highs early in today’s trading session. However, there are some early warning signs that the gold mining sector is beginning to experience some exhaustion. While the miners have continued to move higher, 3 of … Continued
Since gold and gold mining stocks took a precipitous dive in late-October there is only one large cap gold mining stock which has seen its share price actually rise: During the last 3 months ABX shares have actually gained … Continued
3 very different companies in 3 different sectors with 3 unique potential breakout charts as we enter 2016: ABX Barrick Gold (ABX) has been bumping up against resistance near $8.00-8.30 for much of the 2nd half of 2015. A … Continued
After suffering through what have arguably been the most challenging few years in the company’s history, Barrick (ABX) investors may finally be ready to profit from a sustainable turnaround in the company’s fortunes. ABX has right sized its cost structure … Continued
We have highlighted many head & shoulders bottom patterns during the past few months as oil and precious metals stocks have bottomed and begun to turn higher. I want to go into a bit more detail explaining the H&S bottom … Continued