There haven’t been many bright spots among the wreckage of junior or mid-tier gold miners recently. However, one bright spot has been a name which we have followed for the better part of the last year, Endeavour Mining: Click to enlarge After a blistering start to the year EDV has retraced roughly half of its… Continue Reading

We have been preparing readers for a potential large downdraft in gold for the past several weeks: May 12th – 3 Reasons Gold Could be in for a Summer Swoon  May 20th – Do the Gold Miners Have a Pulse? May 23rd – Will This Time Be Different for Gold? This morning with gold down… Continue Reading

One of the consensus themes for 2014 was the expectation that interest rates would continue to climb against the backdrop of an improving global economy. As you can see from the 10 Barron’s strategists forecasts for 2014, only one of the ten strategists saw the 10-year yield remaining below 3%: Click to enlarge As often… Continue Reading

The gold market is currently experiencing multi-year lows in volatility within the context of a range-bound oscillation: Click to enlarge A near perfect symmetrical triangle has formed during the past two months as the range has continued to narrow with an increasing focus on the $1300 level.  While the current period of tranquility may last… Continue Reading

After experiencing a year of extraordinary volatility during 2013 the gold miners have turned downright dormant during the past few weeks: Click to enlarge For 9 consecutive trading sessions the GDX has traded within less than a 2% intraday range and for the past two months GDX has remained well contained within a 10% trading… Continue Reading

Petromanas Energy (PMI.V) is a name that we have been following for the past couple of years. Things have begun getting exciting recently and the chart is suddenly pointing to a potentially highly significant breakout: Click to enlarge An updated independent resource report could be the next catalyst to send PMI shares to fresh multi-year… Continue Reading

As core eurozone member countries such as France and Italy continue to grumble about the euro being too strong, the single currency has continued to soar, nearly reaching 1.4000 vs. the USD this morning: However, following this morning’s comments by Mario Draghi the euro has taken a tumble: “The Governing Council is comfortable with acting… Continue Reading

Mario Stifano, CEO of Cordoba Minerals, was interviewed by Eric King of the popular King World News radio program last week, where he provided a bit of the background on the company as well as the aspirational story. Click here for the 7 minute King World News interview MP3. Below is a transcript of Mr.… Continue Reading

Tommy here… The gold mining industry has heard a lot about companies “high grading” their deposits to target the highest margin ores, thus sterilizing the lower grade material, as a defensive measure amid the past three year bear market in gold and mining stocks. Adam Simmons, Ph.D. Geology and Investment Advisor at PI Financial, who co-author’s the Digging… Continue Reading

After this morning’s break of support near $1275 gold was at risk of suffering a much deeper tumble. However, something unusual occurred shortly after the US equity market open: Click to enlarge A $30 upside reversal which places this morning’s brief break of support in the false breakdown category. And as we know, from false… Continue Reading

There are a few interesting developments with regard to recent market volatility, both realized & implied. While realized equity volatility has been trending higher since early March, implied volatility (namely the VIX) has remained relatively muted and as of Thursday’s close the VIX was on the verge of losing its ‘teenager status once again: Click… Continue Reading

Technology stocks have been one of the leading sectors during the recent bull market, however, there are mounting signs that the bull run may be over. March was not a pleasurable month for tech investors, and April hasn’t been much better with many investors sustaining double-digit losses in a relatively short period of time. Some… Continue Reading

Gold is under heavy selling pressure this morning after 1700 futures contracts changed hands within one second moving price down from $1298 to $1284.40: Click to enlarge Eric Hunsader of Nanex has an excellent chart illustrating the 10-second trading halt which took place after gold hit $1284: After reaching $1331 yesterday the worst case scenario… Continue Reading

A few weeks ago we pointed out that the J.P. Morgan Chase chart held the potential for a false breakout which could be a potentially bearish omen for the broader US stock market. Since then we have seen JPM hammer out a double-top and subsequently suffer a precipitous 10%+ decline: Click to enlarge JPM has… Continue Reading

Gold has rallied more than $50 in the past two weeks and is now back to where it was trading when Goldman Sachs issued its bearish call on gold. However, significant resistance lies just overhead in the $1330-$1340 area: Click to enlarge There has been a great deal of trading activity in the $1330s since… Continue Reading