The ECB openly entered the quantitative easing game (QE) this morning with a plan to purchase a “broad portfolio of transparent asset backed securities”. The chart below clearly illustrates why the ECB has finally hit the panic button with regard to QE: Click to enlarge Source: FT “Should it become necessary to further address risks of too… Continue Reading
After remaining halted for most of the trading day yesterday, Integra Gold (ICG:TSXV) announced that it made a timely and accretive asset acquisition which includes a fully-permitted 2,200tpd mill and tailings facility. Critically for Integra is key underground infrastructure which will allow the company to access their deposit from underground enabling them to drill from… Continue Reading
Some quality material we are reading this morning: FT – ECB acts to boost eurozone with rate cut and asset purchases Ryan Detrick – Bears at Their Lowest Level Since 1987. Now What? Howard Marks – Risk Revisited Bill Gross – For Wonks Only Kitco – Will Seasonal Trends Support Gold Again?
There are many companies with big bets on a future filled with electric vehicles. In the mining sector, none are more closely tied to this future than graphite and lithium producers. The commodity demand for electric and hybrid car batteries is potentially immense. Lithium batteries use a lot of lithium and even more graphite (10-30 times… Continue Reading
As we enter what has historically been the most bullish month of the year for gold, gold futures are tumbling through key technical levels in a vicious sell-off: Click to enlarge With this morning’s breakdown from the large multi-month symmetrical triangle it is difficult to find anything positive to say about the near-term prospects for… Continue Reading
Things never look that bad. Until they are. Like in India’s coal sector. Where recently, many analysts have been suggesting that demand is going remain subdued–as with the global sector in general. But for anyone watching the numbers the last few years, it’s been clear major problems are coming in coal supply here. And last… Continue Reading
The euro currency is in absolute free fall: Click to enlarge EUR/USD is pretty oversold in the short term, however, there can be no doubt that this currency pair is in a very strong downtrend and likely has much further to fall. From the Goldman Sachs currency team: “We also believe that the dynamics of… Continue Reading
There’s a well known cycle of family business: the first generation makes it, the second generation spends it, and the third generation blows it. Naturally there are exceptions, but 70% of family businesses never even make it to the second generation, let alone the third. And I’ve got a solution for this tragic trend of… Continue Reading
Dear readers and followers of this site, thank you for being here. Trav and I will be offline this long weekend, although CEO Tech and Shanny may publish. Come back Tuesday for more posts, podcasts, interviews, etc. We’ll have a new video interview to kick off the back-to-school season with an excellent company Thursday. Time to… Continue Reading
Patricia Mohr is Scotiabank’s Vice President of Economics and Commodity Market Specialist who, in 2012, won the Metal Bulletin Apex award for the top gold and overall precious metals price forecasts when she was 99.63% accurate in her call on the price of the yellow metal that year. Yesterday, she published a succinct report noting that a… Continue Reading
Uranium bulls got a potential (and much needed) boost this morning after a strike warning was sent to one of the world’s largest uranium producers which may cause them to close the world’s richest uranium mine, indefinitely. Also, Cormark Securities initiates on NexGen Energy (NXE:TSXV) with an $0.80 per share target price which translates to 45% upside… Continue Reading
The TSX-Venture Composite is on the verge of a significant breakout after quietly rallying 3% in the past couple of weeks: Click to enlarge Next up is the 1020-1025 resistance zone followed by the March high at 1050: Above 1050 there is a wide volume-by-price ‘air pocket’ all the way up previous support near 1170 –… Continue Reading
Yesterday the GDX printed a rare and extremely bullish reversal candlestick: Click to enlarge The conditions for this candlestick were as follows: 1. Price was in a short term downtrend heading into the trading session 2. Price gapped up 3. Price close above the previous day’s high 4. Volume was higher than the previous day’s… Continue Reading
After months of delays, junior diamond explorer Margaret Lake Diamonds (DIA:TSXV) will finally begin their first pass exploration program on the Margaret Lake property in the Northwest Territories this week. This initial program will consist of a helicopter-borne gravity gradiometry known as the HeliFALCON® to help the company narrow down targets for drilling its extensive land package. Margaret Lake holds over 23,199… Continue Reading
According to the International Copper Study Group (ICSG) the global copper market deficit is currently at its largest in 7 years: Click to enlarge From Morgan Stanley: Meanwhile, the technical picture looks quite promising after copper found support last week at the uptrend drawn from the March lows: A breakout above $3.25 would indicate the… Continue Reading
