The past month has seen relentless selling on the TSX Venture exchange home to many early stage resource companies. The main reason has been a drop in commodity prices across the board especially oil and gold resulting from a strengthening US dollar. The US markets continue to trade near record highs as the economy recovers… Continue Reading

If you’ve been watching the medical marijuana market from afar these last few months, wondering when the rubber might hit the road (or if it might skid off into a wall), today is the day that many of your questions will be answered. In the movie business, the last thing you want is two huge… Continue Reading

Investors may be staring at an unusually attractive buying opportunity in the TSX-Venture Composite: Click to enlarge The TSX-V has pulled back to an area of confluence (lower Bollinger band, trendline support, 200-day simple moving average) just as the junior resource sector enters its most bullish time of the year. Investors might not want to wait… Continue Reading

I happened to turn on CNBC at the 3pm hour today in order to get a grasp on where market sentiment was currently vibrating. Despite the S&P being down a solid 50 basis points and small caps posting their biggest losses in over 2 months I proceeded to hear the most bullish set of punditry… Continue Reading

Peter Koven of the Financial Post has a missive out this Saturday morning on Canada’s embattled junior resource sector. He speaks to Terry Ortslan, Stan Bharti, John Kaiser and others about why the sector is in trouble, and possible events that could trigger a turnaround. “History suggests that a quick drop in global metal inventories,… Continue Reading

While the Nasdaq-100 is flirting with a classic head & shoulders topping pattern, the S&P 500 has formed a diamond pattern over the last three months: Click to enlarge This pattern is likely to reach some resolution next week; a break below the 50-day simple moving average (~186.50) would indicate a measured move target of… Continue Reading

With the situation in Ukraine reaching a fever pitch, gold has surged back above $1315 this morning: Click to enlarge Russia appears to have every intention of destabilizing Ukraine to the point of provoking an all out civil war which will give it the cover to enter the east under the auspices of “peacekeeping”. Gold… 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

The energy sector is deeply out of favour, as the above chart from Frank Holmes, CEO and CIO of US Global Investors, illustrates. Calgary’s junior oil patch, considered the petrie dish of the entire energy industry, is among the hardest hit, now in the third year of its downturn. There are several factors at play… Continue Reading

Isn’t it funny that 60 Minutes ran a headline story about how the stock market is rigged on Sunday night and the S&P 500 makes another all-time high less than 48 hours later? You simply can’t make this stuff up: Click to enlarge With today’s rally the S&P 500 has made an all-time high for… Continue Reading

As the S&P 500 flirts within 1% of fresh all-time highs, investor sentiment remains ebullient: Click to enlarge Meanwhile, the market leading small caps have begun to noticeably underperform large caps: And the longer term chart of the Russell 2000 (IWM) offers a picture of a market near a potentially decisive turning point as it… Continue Reading

If we were only able to look at one chart for the next week, it would have to be the JPM chart: Click to enlarge If the breakout holds and JPM is able to continue gradually moving higher then there are probably at least a couple months left in the broader market rally. However, if… 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

In an exclusive interview to CEO.CA, LX-Ventures (LXV) CEO Mike Edwards asks investors for patience and defends his company’s execution in light of its recent 60% share price fall. Edwards says LXV has no plans for future acquisitions or financings until a “business model validating event’ occurs whereby one of LXV’s portfolio companies is sold… Continue Reading

Congrats are in order to supporters of Vancouver, Canada-based online optical pioneer Coastal Contacts, which announced a friendly sale to France’s Essilor International Thursday for $435 million or $12.45 per share. See: Globe and Mail, Bloomberg and Vancouver Sun coverage. Essilor gains five million customers and a system for providing eye ware consumers with custom glasses… Continue Reading