Category: Mining
1556 Posts
POSTED ON January 26, 2015 BY CEO Technician

Via Energy and Gold.com: One of the biggest stories of 2015 has been the surging price of gold in euro terms: Gold in euro terms has soared nearly 20% in the last month, however, there are mounting signs that a pullback/correction is due:   (Chart of gold priced in USD divided by EUR/USD which equates… Continue Reading

POSTED ON January 26, 2015 BY CEO Technician

Via Energy and Gold.com: Since forming a double-top at $1307/oz last week gold has formed a bearish technical pattern that could result in a move lower back down to the $1250s: A breach of the $1275 support level would set up a pullback to the $1250s. Such a scenario would also follow the August/September 2012… Continue Reading

POSTED ON January 23, 2015 BY CEO Technician

Via Energy and Gold.com: Small speculators more than doubled their net length in gold futures ahead of the ECB’s quantitative easing announcement on Thursday: This is the largest net long position in gold futures that small speculators have had since early July which happened to coincide with an intermediate price peak for the yellow metal. Meanwhile,… Continue Reading

POSTED ON January 20, 2015 BY CEO Technician

Via Energy and Gold.com: As pointed out a couple of weeks ago gold and gold stocks have been closely following the price pattern from August/September 2012 just before the Fed announced QE3. The analog is now reaching a potentially key inflection point: GDX (June-December 2012) Gold miners as represented by the GDX staged a ~36% rally… Continue Reading

POSTED ON January 20, 2015 BY CEO Technician

Via Energy and Gold.com Morgan Stanley is out with some interesting research this morning highlighting the strong positive correlation between copper and oil prices: Aside from the fact that both commodities are greatly affected by global economic growth there is another important factor as to why the oil price can end up having a large… Continue Reading

POSTED ON January 20, 2015 BY CEO Technician

Via Energy and Gold.com: There is an interesting piece on palladium up on Bloomberg this morning entitled “Palladium is a Metal Rarer Than Gold. Now It’s Even More Rare, Thanks to Cheap Oil”. The article makes some logical points regarding global auto demand and the global palladium supply/demand dynamic. The article even includes quotes such as… Continue Reading

POSTED ON January 16, 2015 BY CEO Technician

Via Energy and Gold.com The rally in gold miners which began in mid-December now measures over 31% and the GDX is threatening to move back above its 200-day moving average for the first time since early September: Given that other ‘bear market rallies’ during the past couple of years have ended at around the 40%… Continue Reading

POSTED ON January 15, 2015 BY CEO Technician

Via Energy and Gold.com: This morning’s gold rally has formed a highly significant breakout from a multi-month chart pattern bottom: A textbook head & shoulders bottom has formed during the past several months and this morning’s large move higher has formed a breakout above the neckline of this pattern. The measured move target for this… Continue Reading

POSTED ON January 14, 2015 BY CEO Technician

Via Energy and Gold.com: Copper futures dropped as low as $2.42 yesterday evening before rebounding roughly 5%: One of the world’s largest copper producers, Freeport McMoran (FCX), has been hit especially hard (-11%) this morning after copper’s overnight tumble: A slide from a recent FCX investor presentation is particularly telling: Just 2 months they were… Continue Reading

POSTED ON January 12, 2015 BY CEO Technician

Via Energy and Gold.com This is from the latest Morgan Stanley “Commodity Manual”: This is part of the gold note contained in this report and also happens to be the sort of consensus sell-side research which offers zero  negative value to its readers. Let’s break down the 3 components of this bearish gold outlook: 1. Oil price… Continue Reading

The Next 5,000% Winner in Resources is Out There Right Now…
Latest
Popular