Wealth Creation Through Natural Resources
Gold futures have pulled back nearly $60/oz from last Thursday’s parabolic blow-off high, retracing roughly 38.2% of the entire breakout since late-January: Gold (Daily) The $1190-$1200 area now becomes important support; the $60 shakeout since Thursday’s high is standard price action … Continued
A lot happened this week in the precious metals & mining space. A quick summary of the big events: Gold finished the week $65/oz higher and rallied as high as $1263.90/oz on Thursday, reaching its highest level in US dollar … Continued
Less than a month ago nobody wanted anything to do with the yellow metal, now suddenly everyone is bullish on gold and the herd is cramming through a narrow doorway trying to get long: GLD (Daily) The GLD exchange-traded … 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
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
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
One month into the new year the gold miners (GDX) are the 2nd best performing equity sector of 2016 (utilities are the top performing sector) with a 3.6% gain. However, considerably more impressive is the 18.15% rally in the two … Continued
While equities have stumbled out of the gate to begin 2016 gold has started the year with a bang, rising by more than 5%. The next big challenge for gold is the 38.2% Fibonacci retracement of the January-December 2015 decline … Continued