Canada’s most western province (BC) has had a rocky history with regards to the ease of doing business in the mining sector.  Despite being one of the most endowed mineralized regions in the world, many large projects have encountered delays and setbacks especially in the areas of environmental and social licensing. The Imperial Metals disaster… Continue Reading

Miners and Metals Headed for Early Autumn Bottom? Continued concerns over economic growth in China and Europe have taken their toll on mining equities, and junior mining equities in particular. The S&P/TSX Venture Composite Index fell 4% this week to a new yearly low, ending the week at 919. This follows a dramatic drop in… Continue Reading

The euro currency may soon be in close competition with the Argentine peso for world’s most hated currency. After falling more than 1000 pips in less than 3 months vs. the US dollar (from over 1.3700 in early July to 1.2684 today), euro futures speculators are now placing record short bets against the eurozone’s single… Continue Reading

Every year Vancouverites wait to hear the unveiling of Business in Vancouver magazine’s Forty under 40 list. This year’s inductees include a number of mining professionals who have been able to navigate through the bear market and rise to the top of deal makers and value creators. The list includes: Kevin Campbell: Managing Director, Investment Banking,… Continue Reading

>>Inteview With Rick Rule (MP3) During a time in which few investors are considering the possibility of a recovery in natural resources, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a… Continue Reading

According to a report from The Sydney Morning Herald just moments ago, BHP Billiton has signed an alliance agreement with Mexico’s state oil company, Pemex.  This marks the first major agreement signed ahead of Mexico auctioning off certain oil and gas concessions next year. BHP, like most other players in the offshore oil business, is seeking to… Continue Reading

This morning, one of the most undervalued Colombian light oil producers, Petroamerica Oil (PTA:TSXV), provided the market with an update on their recently acquired Putumayo Basin assets.  Community issues in the region have impacted timelines for companies operating in this area, including Petroamerica and Gran Tierra Energy.  This has forced Petroamerica to slightly revise 2014… Continue Reading

The Russell 2000 small cap index (IWM) has been a perennial laggard during much of 2014 and is now on the verge of a highly significant breakdown: Click to enlarge A classic complex head & shoulders top has formed with many of the textbook signs (higher volume on the left shoulder, large red candlesticks along with… Continue Reading

Some worthwhile material we are reading this morning….. All Star Charts – When Long Shadows Fail Bloomberg – China Watchdog Finds $10 Billion in Fake Currency Trade Yahoo – Will India’s arrival at Mars spur the growing Asian space race to new heights? The New Yorker – The War Machine Advisor Perspectives – China Update: opportunity or… Continue Reading

The Sydney Morning Herald (subscribe here) has a great summary article about a recent speech the one and only billionaire entrepreneur Robert Friedland gave to an undoubtedly packed audience in Melbourne. We had the opportunity to watch Mr. Friedland in action at this year’s Sprott Symposium in Vancouver and he lives up to his persona… Continue Reading

Unsurprisingly one of the few groups in the out-of-favour resource sector spending significant money to build new mines and finance risky ventures are the Lundin’s. Yesterday, Lundin Mining (LUN:TSX), the $3.2 billion mining company that its namesake founder Lukas Lundin owns 12.5% of, announced that it started concentrate production ahead of schedule and on budget… Continue Reading

Since Friday morning equities have formed a rare bearish reversal pattern and the Russell 2000 (IWM) is on the verge of making a controversial ‘death cross’. However, perhaps most alarming is the fact that high-yield corporate bonds are on the verge of breaking down through a key area of support and the 200-day simple moving average:… Continue Reading

With most of the recent excitement in the uranium exploration space being focused on the new discoveries in the southwest part of the Athabasca Basin, including Arrow (NexGen Energy) and PLS (Fission), Lukas Lundin’s Denison Mines (DML:TSX) has made a new high-grade uranium discovery known as the Gryphon Zone at their Wheeler River project on the historic… Continue Reading

The TSX-Venture Composite is insanely oversold right now. In fact, this is the most oversold the index has been in nearly three years (October 2011):  Click to enlarge Down 7 days in a row with a daily RSI-14 of 16.80 – the TSX-V is arguably the most oversold it has been since October 2011 when the… Continue Reading

Iron ore is the lifeblood of industrial development with China’s ‘build it and they will come’ policy driving prices to a high of over $180 per tonne in 2011.  Flash forward and iron ore prices have slumped to break below $80 per tonne, the lowest level in 5-years.  This is causing more pain for an… Continue Reading