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Noteworthy    WATCH: Mark O'Dea on when he gets his best ideas  BC Business, October 31, 2014 11:36 AM  See More
WATCH: Mark O'Dea on when he gets his best ideas
BC Business, October 31, 2014 11:36 AM  See More
POSTED ON October 29, 2014 BY CEO Technician

Gold stocks were hammered today with many senior producers falling by more than 5%. Barrick Gold (ABX), the world’s largest gold miner, was particularly hard hit; its shares reached levels not seen since 2003 when gold was $330/ounce and copper was below $1/pound: Click to enlarge This chart is truly remarkable. It tells a story… Continue Reading

POSTED ON October 21, 2014 BY CEO Technician

Some interesting & timely commodities related charts via ARC Energy and Morgan Stanley: Click to enlarge

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 06, 2014 BY CEO Technician

While we can look back to the 2008 global financial market meltdown and cite any number of warning signs that became so painfully obvious in hindsight. Perhaps the clearest warning sign that trouble was just around the corner began in July of 2008 when virtually all commodities entered into a steep tailspin which they would not… Continue Reading

POSTED ON October 01, 2014 BY Travis McPherson

Many people I know, myself included, felt that the Taseko Mines’ friendly bid for fellow Hunter Dickinson group company Curis Resources (CUV:TSX) was lowball.  This morning, we were reminded why a large takeover premium might not have been warranted. Judge Milhasky, the administrative law judge assigned to case No. 12-005-WQAB in the Arizona Office of Administrative Hearings,… Continue Reading

POSTED ON September 29, 2014 BY Travis McPherson

Canada’s most western province (BC) has had a rocky history with regards to the ease of doing business in the mining sector.  Despite being one of the most endowed mineralized regions in the world, many large projects have encountered delays and setbacks especially in the areas of environmental and social licensing. The Imperial Metals disaster… Continue Reading

POSTED ON September 24, 2014 BY Travis McPherson

Unsurprisingly one of the few groups in the out-of-favour resource sector spending significant money to build new mines and finance risky ventures are the Lundin’s. Yesterday, Lundin Mining (LUN:TSX), the $3.2 billion mining company that its namesake founder Lukas Lundin owns 12.5% of, announced that it started concentrate production ahead of schedule and on budget… Continue Reading

POSTED ON September 11, 2014 BY CEO Technician

The following chart of the CRB Index sums up what has been a very challenging past few months for commodities: Click to enlarge It is hard to say anything positive about the short term prospects for commodities other than they should put it in a tradable short term bottom at some point in the next few… Continue Reading

POSTED ON August 25, 2014 BY CEO Technician

According to the International Copper Study Group (ICSG) the global copper market deficit is currently at its largest in 7 years: Click to enlarge From Morgan Stanley: Meanwhile, the technical picture looks quite promising after copper found support last week at the uptrend drawn from the March lows: A breakout above $3.25 would indicate the… Continue Reading

POSTED ON July 28, 2014 BY Travis McPherson

Australian-listed copper developer, Avanco Resources (AVB:ASX), was first brought to my attention by Mr. Scherb of Appian Capital.  He informed me of his firm’s investment in Avanco and since then I have watched it  reorganize and work to close the necessary financing to develop its staged copper project in Brazil. Avanco is working to build a two-staged copper mine.  The first stage,… Continue Reading

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