Category: Mining
1464 Posts
POSTED ON October 21, 2014 BY Tommy Humphreys

Pioneering Yukon mineral and mushroom prospector Shawn Ryan hosted Bob Simon of 60 Minutes recently. The media love Mr. Ryan. He made the cover of New York Times in 2012, and now he’s been immortalized on the most successful TV newsmagazine in history. “The norm is to fail,” Ryan told Simon on prospecting. “If you play one… Continue Reading

POSTED ON October 21, 2014 BY Travis McPherson

NGEx Resources (NGQ:TSX) is the only pure-play mineral exploration vehicle in the Lundin Group of Companies, one of the most successful natural resource development groups in the world. NGEx is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces… Continue Reading

POSTED ON October 20, 2014 BY Travis McPherson

The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading

POSTED ON October 17, 2014 BY CEO Technician

I will have a full market summary out on Sunday but for now I found two of this afternoon’s Commitments of Traders (CoT) reports to be quite curious; small speculators have moved to a record short position in gold futures (net short 6,592 contracts for a notional value of roughly $818 million), while total speculative… Continue Reading

POSTED ON October 16, 2014 BY CEO Technician

Ten days ago before all the recent fun started we penned a piece entitled “2008 Redux?”. The main point of this piece was to highlight the striking similarities between the current market and the lead up to the 2008 market meltdown. Most notably we just witnessed one of the worst months ever (September) for commodities… Continue Reading

POSTED ON October 14, 2014 BY James Fraser

A fantastic article on silver production was recently published by SRSrocco Report comparing financial results and production levels from the 12 primary silver producers to previous results.  I won’t spoil it for you but the analysis reveals a couple of alarming trends for silver producers. The Primary Silver Mining Industry continues to suffer from manipulated low metal prices.  However,… Continue Reading

POSTED ON September 30, 2014 BY CEO Technician

While it’s big brother gold struggles to keep its head above the $1200/ounce mark, silver has cleanly snapped support and broken down to its lowest levels since Spring 2010: Click to enlarge SLV (Weekly) The breakdown from the descending triangle currently targets the $15-$15.50 area – it is important to note that, according to Bulkowski, breakdowns… Continue Reading

POSTED ON September 29, 2014 BY CEO Technician

With one day left in the month, September is shaping up to be the worst monthly performance for the senior gold miners (both the GDX and HUI are down roughly 18.5% for the month) since the dreadful month of June 2013: Click to enlarge HUI Gold Bugs Index (Monthly) The gold miners are down 5 weeks in… Continue Reading

POSTED ON September 23, 2014 BY Travis McPherson

In 2008, Venezuela’s former President Hugo Chavez nationalized mining and energy assets in a failed attempt to gain control over his struggling economy.  As a result, there are now 28 unresolved cases filed at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) by companies seeking retribution for these actions, including the energy giant Exxon… Continue Reading

POSTED ON September 19, 2014 BY CEO Technician

Past gold price bottoms have closely coincided with small speculators moving to a net short position in gold futures. As of Tuesday September 16th the small specs were still holding out with a net long position of more than 4,000 contracts and had actually increased their bullish bets in the previous week: Click to enlarge… Continue Reading