After last week’s drubbing the S&P 500 has fallen to an area of confluence from which a bounce seems quite likely at some point over the coming days: Click to enlarge While a 30-50 point rally in the S&P could certainly materialize over the next couple of days, the damage inflicted across global markets is… Continue Reading

Some quality material we are reading (and watching) this weekend…. PBS documentary – “Losing Iraq” The Fat Pitch – “Weekly Market Summary” Marketwatch – “Lawrence G. McDonald says to buy certain beaten-down commodities” War Tard – “The West vs. ISIS” Peter L. Brandt – “The DAX and Russell 2000 completed major tops on Friday”

As Canadian Thanksgiving weekend is upon us, I would like to share a few tips with you regarding how to have a successful turkey dinner for the holiday. Anyone who has done it knows that cooking a turkey for a diverse extended family is not entirely without its problems. But there are a few things… Continue Reading

Mart Resources (MMT.to) released a corporate update this morning with details on the Umugini pipeline as well as a drilling update. Mart is a junior oil producer in Nigeria with current production of 7,874 bopd (August). Management says the completion of the Umugini pipeline could potentially double current production. Mart has previously disappointed investors by missing several deadlines.… Continue Reading

The Toronto-based mining private equity firm, Waterton Global loves gold and has $1 billion to deploy.  Probably a good starting point for gold executive to look for money. They have been trying to consolidate gold assets and in May 2013, they closed the acquisition of the Hollister gold mine and Esmeralda Mill in Nevada out of bankruptcy for… Continue Reading

  Alim Abdulla is an Investment Advisor at Leede Financial and is a co-founder of the Trading Analytics Group (TAG). He has been with Leede for nine years and began his career in the Financial Industry a year prior at Canaccord Capital. Alim considers himself to be an Active Risk Manager focused on long/short equity… Continue Reading

The Cigar Lake mine in northern Saskatchewan is one of the richest uranium mines in the world, but also one of the most complex. It is owned by Cameco (50.025%, operator), AREVA (37.1%), Idemitsu (7.875%) and TEPCO (5.0%) . It took Cameco (CCO:TSX) nearly 10 years and $2.6 billion to build.  The ground in which the ore… Continue Reading

After a brutal decline during the past month the gold miners had one of the most significant trading sessions in many years today: Click to enlarge Enormous volume on today’s bullish reversal after Tuesday’s ugly sell-off Some of the key factors which make today’s action so significant: Volume was more than 3 times average volume Price… Continue Reading

I was researching the history of Glencore (GLEN:LN) today and, specifically, its billion dollar deal making leader Ivan Glasenberg. Glencore is the one of the largest diversified mining companies in the world with a market capitalization of nearly CAD $80 billion and 2013 top-line revenue of US $240 billion.  They produce and trade in over 90 different commodities… Continue Reading

Senior analyst at global research firm Sanford Bernstein, Paul Gait, says a merger between Glencore and Rio Tinto to form GlenTinto makes a lot of sense.  He spoke to Andrew Bell on BNN’s Commodities. “I think the shareholders of both companies (Glencore and Rio Tinto) ought to welcome the deal,” Gait believes. “If you look at… Continue Reading

According to preliminary reports today from Bloomberg, Glencore (GLEN:LN) which is the fourth largest mining company by market capitalization is entertaining the idea of merging with iron-ore juggernaut Rio Tinto which would create the world’s largest mining company in a +$160 billion deal. According to the report, Ivan Glasenberg (Glencore’s CEO) has begun talks with Aluminum Corp.… Continue Reading

While we can look back to the 2008 global financial market meltdown and cite any number of warning signs that became so painfully obvious in hindsight. Perhaps the clearest warning sign that trouble was just around the corner began in July of 2008 when virtually all commodities entered into a steep tailspin which they would not… Continue Reading

With platinum and silver in free fall, and gold clinging to important support near $1180, there isn’t much for precious metals investors to get excited about. However, the palladium chart offers an intriguing setup which doesn’t come along very often: Click to enlarge  Palladium has suffered a brutal decline over the past 5 weeks after… Continue Reading

Some quality material we are reading this weekend: BBC Video – “Is this Iranian the most powerful man in Iraq?” WaPo – “Compromise needed on smartphone encryption” BloombergView – “ECB Drops Anchor as Deflation Looms” TraderFeed – “Buyers on Strike” International Crisis Group – “What lies behind the “Islamic State” threat”  

As we pulled up to the modest, narrow three story home in the Pearl District of Portland, I was apprehensive.  I’d never tried accommodation booked through Airbnb before, and I had no idea what to expect.  Climbing the steep stairs, we found the front door and rang the bell twice.  Just as we were concluding… Continue Reading