Some people have already begun to call it the ‘Alibaba Top’ and there really is a feel of “this time is different” – since the minor correction of November 2012 every single dip has been bought and the bull market has continued to produce higher highs. Mark Hulbert is out with a must read piece… Continue Reading
Interesting item this week on the global natural gas sector. And a warning from one major player in the space that prices could be headed much lower than many observers are expecting. The company is China National Offshore Oil Company (CNOOC). A firm that said last week it sees the liquefied natural gas (LNG) sector… Continue Reading
In 2008, Venezuela’s former President Hugo Chavez nationalized mining and energy assets in a failed attempt to gain control over his struggling economy. As a result, there are now 28 unresolved cases filed at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) by companies seeking retribution for these actions, including the energy giant Exxon… Continue Reading
(On September 19, 2014 I sent an email to KRO Members notifying them about new Special Interest Comment, Platina’s Owendale scandium deposit attracts attention from Bloom’s Chinese scandium suppliers, which will be behind a paywall for 30 days. The email included a rant that was supposed to be for the entertainment of paying subscribers, but… Continue Reading
By Henry Bonner ([email protected]) A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in… Continue Reading
While everyone and their brother appears to have jumped ship on gold and widely read bloggers are churning out mindless posts with alarmist titles, gold has quietly formed a double-bottom during the last 24 hours: Click to enlarge The longer term technical picture still looks challenging for gold, however, for now there is a clear… Continue Reading
On this date in 1976, Ronald Wayne sold his 10% stake in Apple Computer for $800. Today it is worth $58,065,210,000. That’s billion. I don’t need my notes to write this one: Colt Resources is broken; its board requires truly independent directors. Colt’s portfolio in Portugal thus far is proven mediocre — tungsten and gold — and… Continue Reading
by James Kwantes When I last wrote about Canadian value investor George Armoyan, he was licking his wounds after losing a bid to install three directors on the board of nickel miner Sherritt International (S.TO). Sherritt produces nickel as well as oil and gas in Cuba and a major focus going forward is its 40%… Continue Reading
We came across some valuable reading material this afternoon and thought we’d share….. TraderFeed – The extraordinarily weak breadth in the stock market has Dr. Steenbarger moving to the sideline Advisor Perspectives – A Long-Term Look at Inflation MarketWatch – Good riddance, Scotland: We don’t need you Zero Hedge – FED Water-Boy Hilsenrath carries the… Continue Reading
The evidence continues to mount that the current market environment is encouraging risk taking on a record level (cov-lite debt issuance, equity margin debt, overall portfolio leverage levels, etc.) which has led to frothy valuations in multiple asset classes: Click to enlarge Record cov-lite issuance makes the ‘salad days’ of 2007 look tame Record levels… Continue Reading
Petromanas Energy (PMI.V) has been quietly pulling back for the past couple of months and recently slipped in to an attractive technical buy setup: Click to enlarge After retracing 50% of the entire 2013-2014 rally PMI is retesting previous resistance which should now serve as support. The PMI chart currently offers one of the most asymmetric reward-to-risk… Continue Reading
This July, after two years at the helm of the world’s largest gold miner, Jamie Sokalsky stepped down as President and CEO of Barrick. Fast forward a few months and Sokalsky announced this morning that he would be joining a junior exploration and TSX Venture-listed company as Chairman. Probe Mines (PRB:TSXV), which is developing a high-grade gold project in Ontario,… Continue Reading
Exactly two years ago Apple (AAPL) launched the iPhone 5 as its stock soared to all-time highs nearly every day: Click to enlarge Fittingly, it turned out that the September 21st, 2012 iPhone 5 launch date turned out to be a major top for AAPL shares, a level which was not surpassed for 22 months:… Continue Reading
Lukas Lundin’s Lucara Diamond (LUC:TSX) has been one of the best performing natural resource stocks this year. Shares are up nearly 150% from this time last year on the back of their Karowe mine in Botswana continuing to produce a seemingly endless supply of exceptionally large and high-quality diamonds. In late August, Lucara announced the dates… Continue Reading
Shareholders of the junior diamond explorer, Margaret Lake Diamonds (DIA:TSXV) have been anxiously awaiting the results of a high-impact helicopter survey which was flown over the Margaret Lake property in the Northwest Territories over the past two weeks. The helicopter survey, known as a HeliFALCON survey was initiated at the end of August with the… Continue Reading
