While on a plane headed to NexGen’s Rook I property this week for a well attended inaugural analyst site visit (more to come on this), I read an article, titled “Renewables Aren’t Enough. Clean Coal is the Future” in Wired Magazine that was absolutely fascinating. The article discussed something I was familiar with on a very… Continue Reading

The technical definition of a stock market correction is a decline of 10% or more. According to this definition the US stock market, as represented by the S&P 500, has not suffered a correction in more than two years (May/June 2012): Click to enlarge The November 2012 decline clocked in at -9.75%, falling just shy… Continue Reading

After a parabolic rise between 2004 and 2007 uranium has suffered through a rough last seven years. However, there are some clues that uranium prices may be in the process of bottoming: Click to enlarge Source: The Ux Consulting Company, LLC $20 is clearly an important long-term price level that should act as major support… Continue Reading

Some quality material we are reading this morning: Adam Grimes – Just One More Little Thing Advisor Perspectives – Are Investors Really All That Bearish? TraderFeed – What We Can Learn From Stock Market Sentiment WSJ – Hedge Funds Are Digging Gold Miners Reuters – Russia sending aid convoy to Ukraine despite Western warnings of ‘invasion pretext’ Hussman… Continue Reading

This morning Torex Gold (TXG:TSX) which has $90 million of warrants expiring tomorrow at an exercise price of $1.50, announced that they have signed a credit agreement with a syndicate of lenders for the previously announced $375 million project finance facility.  This money is ear-marked for the development of the El Limon-Guajes project and represents… Continue Reading

Perennial laggard Newmont Mining (NEM) might have the most interesting chart out there right now. After being a chronic underperformer for much of the last decade, it appears that NEM may have finally turned the corner: Click to enlarge NEM Daily The daily chart clearly shows that NEM is on the verge of breakout out above… Continue Reading

Since we interviewed CGX Energy’s (OYL:TSXV) President and CEO, Dewi Jones in March (read: Small cap investors should watch CGX Energy…Huge potential should they find a farm-out partner), shares are up nearly 100% as the company continues to get closer to securing a farm-out partner for their three shallow, offshore oil blocks in the Guyana-Suriname… Continue Reading

“What, me worry?” With the world’s eyes understandably focused on conflicts in Eastern Europe and the Middle East, another major purge out of China is flying under the radar. President Xi Jinping publicly eliminated one significant political rival last year – former Chongqing strongman Bo Xilai – and recently launched an investigation into Zhou Yongkang,… Continue Reading

Just a week after the New York hedge-fund, Casablanca Capital, won its intense proxy fight over the $2.7 billion Cliffs Natural Resources (CLF:NYSE), another New York based fund has sent a warning to Madalena Energy’s management this morning. In a powerful yet to the point press release this morning, Joshua Silverman of Iroquois Capital Management, LLC… Continue Reading

Morgan Stanley recently pegged the marginal cost of gold production at $1,254/oz, up from a previous estimate of $1,200/oz. With the gold price recently floating near $1,300/oz this poses significant challenges for higher cost miners who are struggling to maintain profitability. However, with every challenge there lies opportunity. For lower cost senior producers who are… Continue Reading

For the first time since November 2012 the Russell 2000 small cap index (IWM) closed below its 50-week simple moving average on a weekly closing basis: Click to enlarge 50-week SMA in blue If we zoom in things look a bit more troubling: A double-top is clearly discernible as relative strength (RSI) approaches fresh 2-year… Continue Reading

A tour de force post from Lance Roberts on the end of QE: “The End of QE: Some Common Misunderstandings” After delving into the history and shortcomings of the Federal Reserve’s 5+ year QE program, Mr. Roberts concludes with the following: “The point here is simple. The ending of the current QE program is an effective… Continue Reading

Mega gold producer Newmont Mining (NEM) reported 2nd quarter results today which narrowly surpassed consensus estimates while raising 2014 production guidance. From our perch the most interesting part of the report came in the form of slide #9 from NEM’s earnings release presentation: Click to enlarge This is an important slide because it shows that Newmont… Continue Reading

Avanti Mining (AVT:TSX) has been a dog for the better part of four years with the share price collapsing from a high in 2010 of $0.37 to a low in April of $0.04 per share. After securing their mining permit and signing off with the First Nations groups in the area this past June, the company announced today… Continue Reading

After the markets closed today, Mason Graphite (LLG:TSXV), the company that is developing the Lac Gueret graphite project in Quebec announced the results of recent drilling and they are impressive. In hole LG-491 the company intersected 98 metres of 29.8% carbon as graphite (Cg) including an interval of 56 metres of 36.2% Cg with mineralization starting from surface.… Continue Reading