Category: Mining
1595 Posts
POSTED ON April 25, 2015 BY CEO Technician

Via Energy and Gold.com: Gold marginally broke below support on Friday, breaking down from a small H&S top pattern: The breakdown from this pattern targets a test of the March lows ($1140-$1150). However, the “break” was not as clear or as powerful as we would usually like to see when chart patterns resolve. $1180 has… Continue Reading

POSTED ON April 20, 2015 BY CEO Technician

Via Energy and Gold.com: I came across two powerful China charts from J.P.Morgan this weekend:   During the last decade the correlation between Chinese monetary conditions/nominal GDP growth and commodities is almost uncanny; the CRB bottomed at the exact month that China monetary conditions bottomed in early 2009 and began rolling over again in 2011 just… Continue Reading

POSTED ON April 18, 2015 BY CEO Technician

Via Energy and Gold.com: Weekend Commodity Chart Wrap 4/18/2015…   Gold with realized volatility (top) and implied volatility (bottom) Both realized and implied gold volatility have been in decline since the beginning of the year. The GVZ (CBOE Gold Volatility Index) is currently pricing in barely more than a 4% move over the next 30… Continue Reading

POSTED ON April 16, 2015 BY CEO Technician

Via Energy and Gold.com: GDX is on the brink of one of most anticipated “breakouts” we’ve seen in quite a while:   There is a lot going on in the above chart and the situation is by no means clear. Here is some of what i’m looking at: The much talked about $20 support/resistance level… Continue Reading

POSTED ON April 13, 2015 BY Tommy Humphreys

Ten years ago, Andrew Pollard recruited his first CEO of a publicly traded mining company. He was 20 years old and bought himself a Porsche to celebrate, despite living with his parents at the time. In the decade since, he has built Mining Recruitment Group (MRG) to be the industry leader in executive search for the… Continue Reading

POSTED ON April 11, 2015 BY CEO Technician

Via Energy and Gold.com: While the casual market observer might look at Friday’s 1.18% rally in gold, closing modestly back above the $1200/oz level, as nothing to write home about. Friday’s session offers some subtle bullish signs that should not go ignored:   Many technicians will be quick to point out that a move back… Continue Reading

POSTED ON April 08, 2015 BY CEO Technician

Via Energy and Gold.com: 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 and begun to focus on its largest and most profitable mines… Continue Reading

POSTED ON April 07, 2015 BY CEO Technician

Via Energy and Gold.com: There has been a lot of talk in recent weeks about when the Fed will begin to raise interest rates. We have remained of the opinion that while the Fed may initiate a one-off symbolic rate hike at some point in the next year, a rate hiking cycle is still at… Continue Reading

POSTED ON April 06, 2015 BY CEO Technician

Via Energy and Gold.com: Gold managed to close above its 50-day simple moving average for the first time since February, however, the shooting star candlestick outside the upper Bollinger Band should serve to give bulls some pause: The rally stopped just short of the 50% retracement level of the entire January-March decline. $1200-$1205 now becomes… Continue Reading

POSTED ON April 02, 2015 BY CEO Technician

Via Energy and Gold.com: On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit taking ahead of a big resistance level near $20: From my vantage point the downtrend line drawn from the January high is highly significant – a… Continue Reading

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