Veteran Canadian venture stock cynic, analyst and promoter John Kaiser of Kaiser Research has published a free report with his take on the current junior resource sector bear market. Kaiser begins with the dire financial straits of many Canadian juniors, 700 of which have negative working capital. Kaiser believes these companies will end up converting… Continue Reading

Miningmx has an exclusive interview with Mick Davis, the dynamic founder of Xstrata, which he built into the world’s fourth largest diversified miner through a series of M&A transactions over the past decade. Since merging his firm with Glencore, and subsequently being forced out of the combined company, Davis has launched X2 Resources, and raised nearly $4… Continue Reading

“A miners’ legend has it that Satan lives in gold mines.” The New Yorker is out with an incredible long form survival story. In 2010, 33 workers at the San José Mine in Chile’s Atacama desert were trapped 2000 feet below the surface for 69 days with barely enough food to keep them alive, and only oil tainted… Continue Reading

Editor’s note: We are extremely pleased to welcome commentary from Haywood Securities, a leading natural resources investment firm, to CEO.ca for the first time. Haywood’s Mining Team has generously agreed to provide us with a version of their Weekly Dig report, published each Friday and normally reserved for institutional clients of the firm. The Dig covers macro news as… Continue Reading

Some good stuff that we are reading today: NYT: Iran Secretly Sending Drones and Supplies into Iraq WSJ: U.S. Ruling Loosens Four-Decade Ban On Oil Exports Advisor Perspectives: GDP Q1 Third Estimate Plunges to -2.9% MW: This is what needs to happen for gold to rally Bloomberg: Why Is Dubai’s Stock Market Crashing?  

2012 and 2013 were years that gold investors would like to forget. Yet at the same time the brutal bear market of 2012-2013 in gold mining shares has planted the seeds for the next bull run. As it stands now, 2014 is shaping up to be the year that the next cyclical bull market in… Continue Reading

Source: John Timmer: Building a better way to Understanding Science, 2009. Link. For a virtual letter titled Exploration Insights, we seem to devote an inordinate amount of text to mining, metallurgy, infrastructure, discounted cash flows, social license, permitting and, working capital. Not today. Today we want to consider minerals exploration, a scientific process that is largely intuitive and… Continue Reading

Since our “Some Reason for Optimism in the Gold Miners” post from two weeks ago, the senior gold miners have posted nothing short of a 10% rally: Click to enlarge The most interesting aspect of the recent rally in gold stocks is the fact that the metal itself has lagged considerably behind: Given that we… Continue Reading

Three weeks ago gold broke down below support near $1275. At that time it was impossible to find a single bull in the room. Speculators (trend followers) also began initiating fresh short positions and there was a slew of blog posts proclaiming that gold was headed below $1000 in short order. As is often the… Continue Reading

James Kwantes of The Vancouver Sun has a new story out on veteran mining executive Randy Turner and diamond exploration in Canada’s arctic. “Turner said Russian diamond exploration experts helped discover Snap Lake with the help of a wooden panning tray made from Siberian pine. Ridges in the pine separate the lighter material from the… Continue Reading

    As the gold mining sector enters its worst time of the year historically (June & July) there is some reason for hope. The weekly chart of GDX (Gold Miners ETF) shows a potential head & shoulders bottom that is nearly symmetrical: Click to enlarge The head & shoulders bottom is virtually symmetrical with… Continue Reading

We just completed an eventful week across global financial markets which included among other things: More all-time highs for US large cap equity indices (Dow, Nasdaq-100, S&P) An unprecedented ECB decision to impose negative deposit rates and enact a targeted 4-year LTRO The May US non-farm payrolls report continued to show a steady pace of improvement… Continue Reading

US equities as gauged by the S&P 500 are now more overbought than they have been in over a year. However, in all likelihood they will become more overbought before undergoing a pullback/correction: Click to enlarge  The relative strength index (RSI-14) is above 70 for the first time since May 2013. However, the breakout above… Continue Reading

ECB President Mario Draghi brought the “goods” this morning and the only question that remains is whether any of this “stimulus” will actually flow through to the real economy – once again the ECB staff projections were very weak and pushed out advances in growth to 2015: Draghi: staff projections 0.7% 2014, 1.1% 2015, 1.4%… Continue Reading