As a Canadian living in the United States (legally – I’m a permanent resident), Americans routinely ask me when I’m going to become a US citizen. “I can’t wait to throw a party for you when you become an American”, gushed one California friend on the golf course the other day. In fact, all my… Continue Reading

The Lundin Group is one of the most accomplished resource development groups on the planet. They have a long history of going into tough political jurisdictions, taking advantage of the discounts created by the perceived risks and turning a huge profit thereafter. For Lundin Gold (LUG.TSX), which today announced the closing of the acquisition of the… Continue Reading

Over the weekend we pointed out this would be a crucial week for markets. This week’s volatility hasn’t really cleared anything up although there are some notable observations to be made after today’s trading session: Equities found support at an area of previous resistance and a key Fibonacci level Today’s large rally in interest rates is… Continue Reading

A few weeks after rumours began swirling that the largest US silver producer, Coeur Mining, was in talks to acquire Canadian-listed Paramount Gold and Silver (PZG.TSX), the two companies announced this morning that the merger is real. Coeur announced it will absorb Paramount in an all-stock transaction that values Paramount at $0.90 per share or $146 million (based… Continue Reading

We just completed the worst week for the S&P 500 since May 2012 and there are more warning signs out there across markets than there are Christmas lights on my neighbor’s house. However, every time things have begun to look bleak this equity bull has picked up its horns and trampled over anyone who has dared to… Continue Reading

“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week. I was there for the 12th annual Mines and Money show. And if you’re in the mining business and haven’t been to London lately, the Mines… Continue Reading

“Wise investors won’t try to outsmart the market. They’ll buy index funds for the long term, and they’ll diversify.” That’s what Jack C. Bogle says.  He is the pioneer of low-cost index investing and founder and former CEO of Vanguard which now manages over $3.3 trillion in assets globally. Bloomberg has a new interview with him… Continue Reading

The decline in crude oil prices is putting the squeeze to many large oil producing nations such as Iran, Russia, and Venezuela. The Russian ruble and Russian equities are in free-fall and Venezuelan CDS (credit default swaps) are blowing out to levels not seen since the 2008 Global Financial Crisis: Click to enlarge Venezuela 5-year… Continue Reading

A couple weeks ago I received an email from my brother John, a broker at Scotia McLeod, that reads as follows: Shannie:  You should download the podcast series, Serial.  It is free and very addictive.  I’ve been listening to these over the last few days and can’t get enough. John and I share similar tastes… Continue Reading

With the price of oil down ~40% from June highs and no rebound in sight oil companies are being forced to make some quick moves heading into 2015. The energy sector has a major weighting in the TSX and TSX Venture and has pulled both indexes down considerably in the last week. Companies have begun… Continue Reading

With the gold price waffling near $1,200/ounce, close to the ‘fully loaded’ cost for many gold producers (Dundee’s definition of fully loaded cost = the sum of Total Cash Costs (incl. royalties) plus, cash G&A, exploration, cash taxes, cash interest and true sustaining capital costs), the #1 topic of conversation among gold mining investors & analysts are costs.… Continue Reading

In the modern market environment (roughly the past decade) we have consistently seen volume spikes during sell-offs followed by volume trickling lower during steady uptrends. The recent price/volume action in the S&P 500 (SPY) is a perfect example of this phenomenon:   This recent trend is a marked shift from the days of Edwards &… Continue Reading

The Psy-Fi Blog has a must read post titled “The A to Z of Behavioral Biases”. Most of us have been guilty of harboring every single one of these biases at one point or another in our lives. The worst part is that many people aren’t even aware that they continue to exhibit behavioral biases which… Continue Reading

Midway Gold (MDW.T) will be Nevada’s next gold producer at the Pan project which is in the final stages of construction with first production expected by the end of January. The Pan project is a simple open-pit heap-leach project that has very attractive economics. At $1200 gold the project has a 32% internal rate of… Continue Reading

Crude oil is undoubtedly the topic du jour, however, a disappointing Thanksgiving retail weekend may throw a wrench into those “cheaper gasoline is an economic stimulus” theories that have been circulating. Here is some of the thought provoking material we are reading this weekend: optionMONSTER – 2015 consensus earnings estimates are much too optimistic after the rout… Continue Reading