Category: Gold
436 Posts
POSTED ON May 18, 2015 BY CEO Technician

Via Energy and Gold.com: One of the things I noticed early on in investing in junior mining equities is that they follow technical patterns fairly well. In other words, the charts are much cleaner indications of investor supply & demand with much less influence from HFT (high-frequency trading) and hedge funds than one sees in… Continue Reading

POSTED ON May 15, 2015 BY CEO Technician

Via Energy and Gold.com: The EUR/USD currency pair is fast approaching a key technical crossroads :   The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also easily discern a fairly clean bottoming pattern similar to a complex… Continue Reading

POSTED ON May 14, 2015 BY CEO Technician

Via Energy and Gold.com: US based gold producer Newmont Mining (NEM) has been a serial underperformer in recent years with shares falling more than 70% from its late-2011 all-time high to the December 2014 low. However, things may be on the verge of turning around for Newmont investors. The stock has carved out a very clear… Continue Reading

POSTED ON May 12, 2015 BY CEO Technician

Via Energy and Gold.com: We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date:   CNL carved out a head & shoulders bottom pattern between February and April of… Continue Reading

POSTED ON May 10, 2015 BY CEO Technician

Via Energy and Gold.com: Last week was a messy one for the gold miners. It began with yet another failure to break-out above resistance followed by what was shaping up to be a steep decline before buyers stepped in and price closed down a modest 1.48% for the week. While the price action remains messy,… Continue Reading

POSTED ON May 08, 2015 BY CEO Technician

Via Energy and Gold.com: This is an interesting graphic courtesy of RBC illustrating a large drop-off in managed money (CTAs, commodity pool operators, etc.) positioning in commodity futures: After reaching extremely high net long exposure earlier last year before the crude oil crash, managed money positioning has fallen off a cliff and moved down to a… Continue Reading

POSTED ON May 05, 2015 BY CEO Technician

Via Energy and Gold.com: Famed bond fund manager Jeffrey Gundlach gave a presentation at the New York Yacht Club today in which he reiterated a $1,400 target for gold by year end. From what I gather Gundlach has two primary tenets to his bullish gold thesis: Negative interest rates in Europe will make gold very… Continue Reading

POSTED ON May 04, 2015 BY CEO Technician

Via TD Securities equity research: Over the weekend, Continental Gold announced that its was on track to complete permitting for its Buriticá (100%) gold project in Colombia, by the end of Q2/15. Management suggested that for an update expected at the end of Q2/15 it has an internal target of seeing mineral resources grow by… Continue Reading

POSTED ON May 01, 2015 BY CEO Technician

Via Energy and Gold.com: It now seems like eons ago but at the end of last year I published a post titled “6 Big Surprises for 2015″ in which I laid out a series of seemingly unlikely market events which I felt were much likelier to occur than the consensus believed. While it’s definitely too early to judge the… Continue Reading

POSTED ON April 28, 2015 BY CEO Technician

Via Energy and Gold.com: GDX is up nearly 6% this week. Is this rally for real? From all indications the answer is a resounding YES! Here’s why: The chart pattern breakout from the multi-week ascending triangle is the real deal and targets a move to at least $22    The bottoming process which began in… Continue Reading

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