Category: Mining
1584 Posts
POSTED ON March 31, 2015 BY CEO Technician

Via Energy and Gold.com: Gold miners as represented by the GDX are threatening to fall for the 6th consecutive trading session after they were once again repelled near the $20 support/resistance level: A fun fact is that even during the gold mining bear market of the past 3 years the GDX has only fallen for… Continue Reading

POSTED ON March 23, 2015 BY CEO Technician

Via Energy and Gold.com: Less than 10 days ago the gold miners were being pushed to the brink of collapse as gold waffled in the mid $1100s. This morning after an impressive rally to finish last week the gold miners are back to being on the verge of testing an area of support/resistance which they have traversed… Continue Reading

POSTED ON March 21, 2015 BY CEO Technician

Via Energy and Gold.com: In the last two weeks gold futures speculators have liquidated a total of 66,897 gold futures contracts which equates to a notional amount of nearly $8 billion: To put this recent gold liquidation into perspective it is the largest 2-week liquidation in gold futures since the April 2013 gold crash: The… Continue Reading

POSTED ON March 18, 2015 BY CEO Technician

Via Energy and Gold.com: The ultra-strong US dollar (USD) is making its presence felt throughout the globe and is on the verge of wreaking havoc on a much larger scale. A premature Fed rate hiking cycle could be the catalyst to send the USD into overdrive and send global markets tumbling lower – 4 charts that… Continue Reading

POSTED ON March 15, 2015 BY CEO Technician

Via Energy and Gold.com: The gold miners as represented by the GDX have been pushed  to the breaking point with yet another ‘bear flag’ forming just a few percent above crucial long-term support:   To put the situation into perspective, GDX is barely more than 10% above the 2008 panic lows despite the fact that… Continue Reading

POSTED ON March 13, 2015 BY CEO Technician

Via Energy and Gold.com: The CFTC Commitments of Traders gold report for Tuesday March 10, 2015 is a curious one to say the least. While we saw a roughly $4 billion liquidation of net long exposure by large speculators (to the smallest net long position since last November), small speculators actually INCREASED long positions and barely… Continue Reading

POSTED ON March 10, 2015 BY Tommy Humphreys

The Democratic Republic of Congo (DRC), a big, lush, mineral-rich country in the heart of Sub Saharan Africa, currently produces roughly 6% of the world’s copper (approx 1 million tonnes per annum). Mining engineer and CFA Tom Meyer, an equity research analyst with CIBC World Markets, is concerned DRC supply could be in jeopardy, compounding… Continue Reading

POSTED ON March 10, 2015 BY CEO Technician

Via Energy and Gold.com: Lets face it, nobody is bullish on the euro, nobody! Even ECB President Mario Draghi probably has a secret short position in the EUR/USD in order to hedge his euro exposure from his salary at the ECB. If the following sentiment chart could fall below 0 it would probably be at… Continue Reading

POSTED ON March 09, 2015 BY CEO Technician

Daily Commodity Chart Wrap 3/9/2015 via Energy and Gold.com: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found support at the 2008-2009 lows). A powerful chart of gold net producer… Continue Reading

POSTED ON March 06, 2015 BY CEO Technician

Since gold topped out near $1307 in late-January the yellow metal has followed a standard script in its descent; violent $10-$20 down moves that occur in a matter of seconds or minutes followed by much lengthier sideways or slightly rising consolidations. The action of the last 2 weeks has been no different and this morning… Continue Reading

For Junior Mining Profits: Resource Opportunities ($30/month)
Latest
Popular
×