Wealth Creation Through Natural Resources
The gold mining sector as represented by the GDX has been working on a bottom for the last couple of weeks and there are some subtle, yet constructive signs that a larger rally may be close at hand: GDX (Daily) … Continued
A well funded Yukon gold explorer, Klondike Gold Corp. (TSX-V:KG), announced that it has completed its summer drill program at the Lone Star target in the Canadian Yukon. According to this morning’s press release assay results from the first holes … Continued
The gold miners have seen a ~30% decline from the sector’s August peak. We have been cautious and patient in terms of trying to time a bottom and/or add to gold equity exposure. This week several setups finally met our … Continued
December gold futures have been as low as $1251.50 so far today. We have known that $1250 would be a big level in the event of a correction; the $1250 area served as resistance on numerous occasions throughout February and … Continued
One month ago Bob Moriarty, Founder & Editor of 321gold, stated in no uncertain terms that we were in for a deeper correction in the precious metals space before we would reach a monumental buying opportunity. We ended up with … Continued
Gold is down ~$30/oz and the gold miners as represented by the GDX are taking a beating to the tune of nearly 7%. Investors are beginning to ask themselves some important questions such as, where is the next area of … Continued
One of the best technicians on the planet, J.C. Parets, just laid down a tour de force post on gold & silver on his premium blog site. J.C. is bullish on gold long term and he sees two primary scenarios … Continued
Multi-million ounce gold discoveries in safe jurisdictions are becoming almost as rare as Cubs’ World Series Wins. Tberefore, when one comes across a nearly 2,000,000 gold equivalent ounce resource grading above 5 grams/tonne in the Canadian Yukon it’s time to … Continued
While the futures action is relatively calm this morning, I will take some time to share 3 charts which tell an important story. The first is the chart of total world trade volume: It’s interesting to note that world trade … Continued
Gold mining shares are soaring today after the Federal Reserve voted to keep rates unchanged. Both GDX and GDXJ rose more than 7% at the time of writing and GDX ended the session right at the gap fill level from September 8th … Continued