Category: Mining
1513 Posts
POSTED ON November 18, 2014 BY Travis McPherson

After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa. The company says it has sent out formal notifications to provincial authorities and landowners to return to work.   They have begun moving the required plant and… Continue Reading

POSTED ON November 18, 2014 BY CEO Technician

From Reuters: “Copper prices dipped on Tuesday, as disappointing property sector data from China raised concerns about the outlook for demand from the world’s top metals consumer.” Copper has been oscillating near the $3 mark for well over a month now and speculators (both large & small) have continued to pile on bearish bets: This… Continue Reading

POSTED ON November 17, 2014 BY CEO Technician

Today was an important day for the gold miners for a number of reasons: GDX broke above the downtrend which began in early September All the large one day rallies in the past few months have been immediately met with selling the following day, today’s action represents a change of character The miners were up… Continue Reading

POSTED ON November 17, 2014 BY CEO Technician

During the past 18 months we have seen a massive shift in holders of gold. The following 3 charts tell the story quite well: Click to enlarge Retail investors and portfolio managers have dumped more than 1,000 tonnes of gold from gold exchange traded funds during the last two years. Meanwhile central banks have purchased… Continue Reading

POSTED ON November 15, 2014 BY CEO Technician

Last weekend we pointed out the importance of the week ahead for gold. After a tumultuous start to the week gold found its footing in a big way on Friday and closed the week in impressive fashion: Click to enlarge After posting a series of higher lows gold surged above previous support at $1180 on… Continue Reading

POSTED ON November 14, 2014 BY Travis McPherson

In a shocking move, the world’s largest producer of thermal coal, Glencore (GLEN.LON), announced yesterday that it will shut down its Australian coal operations for three weeks starting in mid-December. An estimated 5 million tonnes of output (roughly 6% of Glencore’s annual Australian coal output) will be cut from the markets as a result. Seaborne thermal-coal prices remain at… Continue Reading

POSTED ON November 14, 2014 BY CEO Technician

The monthly chart  of USD/JPY (US dollar in Japanese yen terms or ¥ per $) illustrates a massive bear market (bull market in yen) which began in 1998 and ended during the 2nd half of 2011: Click to enlarge Given that USD/JPY is referring to the Japanese yen price of the US dollar, rises in USD/JPY mean… Continue Reading

POSTED ON November 13, 2014 BY CEO Technician

The following piece from Yahoo! Finance (Michael Santoli) is making the rounds: A final purge to $700? What gold bulls’ surrender might look like. It has a sexy title that draws forth the reader’s curiosity and the piece does a decent job of summarizing the overall state of the gold market in a cogent and to the… Continue Reading

POSTED ON November 12, 2014 BY Travis McPherson

Patient and steadfast uranium investors were given an early Christmas present last week when the Japanese community of Satsumasendai announced approval of the restart of the Sendai nuclear power-plant, the first restart to be approved in Japan since the 2011 Fukushima disaster. In addition, an unusual amount of demand entered the spot market leading up to the announcement of… Continue Reading

POSTED ON November 10, 2014 BY Travis McPherson

There hasn’t been much from the miners or E&P’s to get excited about this year.  One exception (there are always exceptions) is Lucara Diamond (LUC.TSX).  Not surprisingly it’s a Lundin Group company.  Shares of Lucara are up 40% year-to-date, but even that return doesn’t reflect the true state of their operations. After the market closed today the company released its Q3 results… Continue Reading

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