Noteworthy

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Noteworthy    Argentina Defaults According to S&P as Debt Talks Continue   Bloomberg, July 30, 2014 3:55 PM  See More
Noteworthy
POSTED ON July 29, 2014 BY CEO Technician

The vast majority of gold miner charts share a familiar chart pattern that has been forming during the last year, the head & shoulders bottom: Click to enlarge GDX Weekly This pattern is now at a crucial inflection point which could be resolved within the next week. In addition to the bullish seasonal period we are… Continue Reading

POSTED ON July 28, 2014 BY Travis McPherson

Colombia’s largest high-grade gold development project continues to expand with infill and exploratory diamond drilling.  Ari Sussman’s Continental Gold (CNL:TSX), which is developing the Buritica project located 2 hours from beautiful Medellin, continues to have success with their 2014 infill drill program. The focus of the program is to increase the confidence of the Inferred gold resources and to move as… Continue Reading

POSTED ON July 23, 2014 BY Travis McPherson

British Columbia is about to have a new gold mine. This morning, IDM Mining (IDM:TSXV) released the results of their updated preliminary economic assessment (PEA) on the high-grade Red Mountain gold project located in Rob McLeod’s (President and CEO of IDM) hometown of Stewart, BC. “The great thing about the news today is that it is a simple, high-grade, low capex… Continue Reading

POSTED ON July 21, 2014 BY CEO Technician

The shares of the senior gold producers continue to exhibit impressive resilience as they threaten a breakout from a 15-month head & shoulders bottom pattern: Click to enlarge There is ample reason for optimism that the 2nd half of 2014 could be even better than the first half for the gold miners – the top… Continue Reading

POSTED ON July 18, 2014 BY CEO Technician

Stuff we are reading this morning: New Yorker – What is Putin’s Next Move? Advisor Perspectives - Profits – Plus a “Mystery Booster” – Are Driving the Stock Market Higher Marketwatch - We’re in the third biggest stock bubble in U.S. history FT – Gold moves where dollars fear to trade BloombergView – Gold Dreamers Face Harsh Reality

POSTED ON July 17, 2014 BY CEO Technician

Gold has continued its trend of inflicting maximum pain upon market participants who attempt to jump aboard seemingly nascent trends in the precious metal. Just as gold futures speculators reached their largest net long position in more than a year, gold suffered a false breakout above resistance near $1330: Click to enlarge Source: Barchart.com False… Continue Reading

POSTED ON July 14, 2014 BY CEO Technician

Some market related observations: One of the key drivers of the recent bull run in equities has been corporate stock buybacks. Buybacks have drastically slowed in recent months….http://www.marketwatch.com/story/another-sign-the-bull-market-is-nearing-its-end-2014-07-09 Gold is back to a crucial area of support ($1300-$1307) after suffering a false breakout last week Portugal’s 2nd largest bank, Espirito Santa, is just the cusp of… Continue Reading

POSTED ON July 14, 2014 BY Travis McPherson

Few gold developers in the world today have an opportunity like Roxgold Inc (ROG:TSXV). The company is developing the high-grade Yaramoko gold project in Burkina Faso that has an after-tax IRR of nearly 50% (in a sector where you are lucky to achieve double-digit returns). The economics are unique for three reasons. First, the grade, which sits… Continue Reading

POSTED ON July 14, 2014 BY Travis McPherson

Since an unprecedented staking rush in 2010 that had not been seen since the Klondike Gold Rush, the Yukon has fallen out of favor with many mining and exploration investors due to its short seasons and expensive work programs. One company that has continued in the land of the midnight sun is Kaminak Gold (KAM:TSX), which discovered the… Continue Reading

POSTED ON July 10, 2014 BY CEO Technician

After consolidating between $1310 and $1330 for the past three weeks gold has posted an impressive upside breakout this morning: Click to enlarge August Gold Futures (4-hour) August Gold Futures (15-minute) The big nut to crack still lies in the $1400 area, which represents the neckline of the large inverse head & shoulders bottom:  … Continue Reading