Category: Mining
1453 Posts
POSTED ON September 12, 2014 BY CEO Technician

This morning gold has broken key support near $1240 and hopes for a head and shoulders pattern bottom are all but dashed: Click to enlarge The white oval is the ‘last stand’ area of support I highlighted earlier in the week – gold is currently at a level of ‘oversold’ (green ovals) that has historically… Continue Reading

POSTED ON September 08, 2014 BY CEO Technician

Gold is under heavy pressure again this morning and a ‘last stand’ for gold bulls is fast approaching: Click to enlarge The gold futures chart shows a bearish engulfing candlestick forming today after last week’s breakdown from the large symmetrical triangle The $1240 level (support from early June) is now the last line of defense before… Continue Reading

POSTED ON September 05, 2014 BY Haywood Mining Team

Markets Tapped Out on Lackluster Economic Data: As Mining Sentiment Softens Mixed signals across multiple geopolitical forums, a building NATO response to the Ukraine Crisis, building ECB monetary stimulus of the Euro and tepid US economic data during the week have conspired to lead markets into the red for the week, and comes despite EU… Continue Reading

POSTED ON September 04, 2014 BY Travis McPherson

Unsurprisingly, Goldman Sachs’ head of commodities research, Jeffery Currie, told investors to short gold highlighting that the crises in Ukraine and Europe are supporting the price of gold but that the US Fed’s Policy shift would cause a sharp decline in the price of gold.  Sound familiar? Currie is calling for a +$200 per ounce price… Continue Reading

POSTED ON September 04, 2014 BY CEO Technician

The ECB openly entered the quantitative easing game (QE) this morning with a plan to purchase a “broad portfolio of transparent asset backed securities”. The chart below clearly illustrates why the ECB has finally hit the panic button with regard to QE: Click to enlarge Source: FT “Should it become necessary to further address risks of too… Continue Reading

POSTED ON September 03, 2014 BY Travis McPherson

After releasing partially completed results from their first vertically drilled hole (AR-14-30) last week, NexGen Energy (NXE:TSXV) announced the results of that completed hole this morning as well as results from two other drill holes that also intersected high-grade uranium mineralization in 50 metre step-outs on the Rook I project. Hole AR-14-30 which was drilled to test the vertical… Continue Reading

POSTED ON September 02, 2014 BY CEO Technician

After today’s $23 decline gold is at a key juncture – here are the most important charts: Click to enlarge Gold (Daily) – testing bottom rail of downtrending channel Gold (Weekly) – H&S bottom with key support at $1240 Gold (Weekly) – break of multi-month symmetrical triangle targets ~$1050 There can be no doubt that gold is at… Continue Reading

POSTED ON September 02, 2014 BY Dave Forest

Things never look that bad. Until they are. Like in India’s coal sector. Where recently, many analysts have been suggesting that demand is going remain subdued–as with the global sector in general. But for anyone watching the numbers the last few years, it’s been clear major problems are coming in coal supply here. And last… Continue Reading

POSTED ON August 28, 2014 BY Travis McPherson

Patricia Mohr is Scotiabank’s Vice President of Economics and Commodity Market Specialist who, in 2012, won the Metal Bulletin Apex award for the top gold and overall precious metals price forecasts when she was 99.63% accurate in her call on the price of the yellow metal that year. Yesterday, she published a succinct report noting that a… Continue Reading

POSTED ON August 26, 2014 BY Rob McLeod

I still own all of the shares from my first ever private placement. It was 1994, and I was working for Lac Minerals at the Red Mountain project, which I now manage for IDM Mining Ltd. (IDM.v). A few kilometers to the east of us, my Uncle Don McLeod had the Willoughby gold project in… Continue Reading