The highly liquid gold miners ETF (GDX) is at a crucial juncture ahead of tomorrow’s widely anticipated FOMC announcement and press conference: Click to enlarge A near perfect inverse head & shoulders bottom has formed, however, this chart pattern is nothing more than a possibility until price has broken above the ‘neckline’ (roughly $31.00). The… Continue Reading

2013 has been a challenging year for gold investors and the current macroeconomic environment appears to be highly unfavorable for the yellow metal – gold currently faces its most challenging fundamental backdrop in at least two decades: US 10-year real rates have risen 77 basis points in the last two months US 10-year real rates… Continue Reading

“Technology has changed financial services. The young people who understand that and embrace the change are going to be the next generation of winners in the industry.” Difference Capital CEO Neil Johnson thinks Canada’s capital markets are changing. “From a compliance and regulatory standpoint, the costs have never been greater,” he told me last Friday.… Continue Reading

Two weeks ago Sprott USA Chairman Rick Rule said: “This is the first time since 1992 that I’ve seen high-quality gold development assets reasonably and cheaply available in the market…” With the summer doldrums fast approaching what is a resource investor to do? While many will head off on vacation and try to avoid looking at… Continue Reading

Gold has bounced $130 from its panic low of $1322 last Monday evening. We have read the stories about long lines to buy gold at dealers and jewelers in Asia, and there is no doubt that supply of physical coins in North America is tight. However, should the rebound fail between $1450 – $1500 we… Continue Reading

Seven months after the B.C. Securities Commission slapped a cease-trade order on shares of Barkerville Gold Mines (BGM), the stock remains halted. The regulatory slapdown came after Barkerville, helmed by Frank Callaghan, proclaimed an NI 43-101 resource estimate of 10.6 million gold ounces, indicated, for its Cow Mountain project and the “geological potential” for 65 to 90… Continue Reading

John Thornton was paid a staggering US$17-million in 2012, his first year with Barrick, according to a proxy circular filed by the company. That includes an US$11.9-million “special cash sign-on payment” for him to buy Barrick shares on the open market. Mr. Thornton, 59, is viewed as Mr. Munk’s likely successor, and is being treated… Continue Reading

I had the opportunity this week to connect with Jorge Beristain, head of Americas metals and mining equity research at Deutsche Bank. It was a fascinating interview, as Jorge communicates with CEOs of the world’s largest mining companies, and helps guide high-net worth individuals and institutions with their mining investments. Key issues discussed during the… Continue Reading

I was able to reconnect for an interview with legendary Quantum Fund manager and commodities bull, Jim Rogers. Jim shared thoughts on the fundamentals of agriculture and mining after ten years of being in a bull market, and further spoke to the “artificial boom” going on in the equities market. Additionally, he commented on the biggest challenge facing… Continue Reading

In Palm Springs last Sunday, Mercenary Geologist Mickey Fulp told California Resource Investment Conference attendees, “A large exploration discovery in a relatively unknown terrain” is what’s needed to kick off this market. Sprott Global Chairman and panel emcee Rick Rule added, “What this market needs is a very large discovery that I own the hell out of.” All… Continue Reading

Two weeks ago an investor friend phoned me up and asked “Should I dump my shares of Luna Gold? I’m worried about gold and all my other stocks are down…..”. I pulled up the LGC chart and was quickly impressed by the relative strength and large recent consolidation between $3.00 and $3.50. Instead of advising… Continue Reading

Last weekend I wrote “While I remain neutral on gold in the short/medium term, another session similar to Friday’s will probably be enough to turn me bullish on all time frames” – today we not only got another large sell-off, we got the kind of capitulation washout that is indicative of a major short/medium term low… Continue Reading

“The one theme that has proven to be more valuable than any other for gold investors has been to buy during times of extreme bearish sentiment and to avoid panicking with the herd.” Gold currently finds itself in an unfamiliar situation, one which it hasn’t had to deal with in well over a decade. Gold… Continue Reading

It seems that Canadian gold mining company, Bandera Gold Ltd.  (CVE:BGL), has been caught up in an elaborate scam. In 2005 Bandera paid $6.5 million to Mexican mining firm Minera San Jorge for a 60% stake in the two Cinco Minas mines located outside Guadalajara, but never received the paperwork proving their stake. Southridge Minerals, subsidiary… Continue Reading

Photo: Jason Curtis (2012)