Goldman Sachs is out with another piece of research making a bearish call on gold – the piece is entitled “Cold, Crimea, & China: Transient supports to gold prices”. The entire research note can be summarized in 4 charts and a couple of sentences: Click to enlarge Goldman is forecasting an acceleration of US economic… Continue Reading

The simplest explanation for this week’s bearish reversal in gold is that too much hot money has rushed into the space in recent weeks – this week’s Commitments of Traders report clearly illustrates just how overheated gold futures have become recently: Click to enlarge  This is the largest “Commercial” net short position in gold futures… Continue Reading

After gold tagged $1392.60 on Sunday evening we warned that conditions were ripe for a pullback after such a large upside move. Since then we have seen gold suffer a sharp downside reversal and there is even the potential for gold to print a large bearish engulfing candlestick on the weekly chart: Click to enlarge… Continue Reading

After a $211 rally from the New Year’s Eve low of $1181.40 gold may finally be running out of steam. Here are 3 reasons why a pullback in gold is imminent: 1. The latest COT data shows much of the recent rally has been fueled by short covering among speculators: This is more than a… Continue Reading

Nord Gold has agreed to option an initial 50.01% interest in Columbus Gold’s (CGT:TSXV) Paul Isnard project for $30 million.  Nord Gold is listed in London, but is 85% owned by the Russian billionaire owner of conglomerate Severstal, Alexei Mordashov (net worth ~$12 billion).  Nord Gold operates nine mines globally and produced 924,000 ounces of gold in 2013.… Continue Reading

> Try Tickerscores free for 14 days The North is interesting from a mining exploration perspective in several ways. First, because it is vast and unexplored, the potential for finding a mega discovery is certainly a possibility. It is no secret that millions of ounces of placer gold have been mined in the Yukon since the… Continue Reading

While gold continues to form a bullish consolidation pattern just below resistance ($1355-$1360): Click to enlarge Another precious metal, albeit a less popular one, is shining brightly after breaking out from a 3-year symmetrical triangle last week: This breakout has all the makings of one that investors should not take lightly (volume, duration, and price… Continue Reading

Toronto-based Continental Gold (TSX:CNL) released a corporate update Thursday afternoon showing strong operating results for the year 2013, including 59,109 metres of drilling (adding to 215,300 metres for the project total), discovery of several new veins, four new precious metal-mineralized systems and – oh yeah – $117.5 million in hand with no debt to service. In… Continue Reading

Growing disinflationary headwinds are likely to push the European Central Bank (ECB) toward launching a 300-500 billion euro asset purchase program on Thursday morning. Such a monumental shift in monetary policy posture from the ECB could deliver an outsized impact to global financial markets (although we have clearly seen some front running of this announcement… Continue Reading

Canadian mining legend Ross Beaty, who founded Pan American Silver and the Lumina Copper Franchise, and made fortunes during the last decade’s resource bull market, is quietly making moves in the junior mining sector again. Earlier today Magellan Minerals announced a deal to sell to Ross its Pocone gold belt exploration projects in Western Brazil… Continue Reading

Today, Desert Star Resources (DSR:TSXV) quietly announced that they had begun the first steps in exploration on their recently acquired southwest US assets.  The company completed geological mapping and sampling at its Copper King project located in the prolific Laramide belt of Arizona.  The mapping and sampling have identified diorite porphyry dikes which intrude Apache Group… Continue Reading

April gold futures reached as high as $1345.60 overnight for a more than $100 gain for the yellow metal during the month of February. There are plenty of signs that gold may soon need a rest, ranging from a sharp turn in sentiment to major resistance in the $1340-$1360 area: Click to enlarge A pullback… Continue Reading

Warwick Smith resigned as CEO and director of Western Pacific Resources (TSXV:WRP) yesterday after a banner year of accomplishments with the company in 2013. Mr. Smith co-founded Western Pacific in 2009, not long before junior mining markets took a turn for the worse in 2011. Smith was resolved to make something out of Western Pacific… Continue Reading

After a very impressive rally in precious metals and mining shares during the past couple of weeks, there is some cause for near term concern as sentiment has suddenly turned bullish on the sector. The latest Commitment of Traders data from the CFTC clearly shows a massive amount of short covering and some renewed speculative… Continue Reading

Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina.  The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading