BlackRock’s managing director of natural resources Evy Hambro said demergers were a way to unlock value for shareholders and backs plans by BHP Billiton to sell off assets. (Brisbane Times)

After a nearly textbook 38.2% retracement of its October-March rally CCJ is set to resume its uptrend: Click to enlarge The weekly chart shows that CCJ found support after a standard pullback to previous resistance: Moreover, today’s 5% rally took place against a backdrop of a steep sell-off in crude oil and continued stagnation at a… Continue Reading

Gold has now retraced half of the January-March rally and Friday’s low of $1286.10 may have marked the end of the recent correction: Click to enlarge There is a substantial amount of evidence pointing to the idea that a short-term/intermediate-term low may have been put in place Friday: Friday’s session printed a spinning top candlestick… Continue Reading

ROG data by YCharts After closing their recently announced ~$29 million bought deal financing, filings show that the London-based private equity firm, Appian Capital, has acquired 21.6 million shares (10.1%) in Roxgold (ROG:TSXV).  The shares were acquired as part of a BMO Capital Markets led $29 million bought deal financing priced at $0.58 per share.  Haywood… Continue Reading

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

Gold has bounced off the $1180 level twice in the last year, most recently in late December. Since then, it’s had a fantastic run and, at the time of writing, was trading at $1380. That’s nearly a 17% gain in less than 3 months. Nickel’s up nearly 20% off its 52-week low of $5.97 with… 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

Fairfax Holdings recent annual letter to shareholders offers many nuggets of wisdom including this excerpt on China (emphasis our own): “In the last few years we have discussed the huge real estate bubble in China. In case you continue to be a skeptic, here are a few observations from Anne Stevenson Yang, an American who… Continue Reading

Dave Lowell’s Lowell Copper announced an option to earn up to 70% in the TC property in the Hillsboro – Bisbee mineral trend in New Mexico from Rose Petroleum PLC and a subsidiary. The deal appears to have been structured in a way that allows Lowell Copper to back out if results aren’t promising. 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