The $20 million market cap CGX Energy Inc. holds 3.3 million acres in one of the last frontier oil basins on the planet; the Guyana-Suriname offshore basin. CGX’s grounds are considered analogous to West Africa’s prolific oil fields, and could hold multiple billion barrels of oil. CGX is already ~64% owned by Pacific Rubiales, and will need… Continue Reading

I had nowhere to go but up in March of 2010. Pac.Web.Co., our little web design company, was drowning in tax bills, salaries and office expenses. I had just bought out my partner, Macully, and was having a heck of a time getting used to his end of the workload, which I had previously taken… Continue Reading

Uranium explorer, Skyharbour Resources (SYH:TSXV) and there Western Athabasca Syndicate partners have outlined their maiden drill campaign on their Preston Lake project.  This initial drill campaign will be comprised of roughly 10-15 holes drilled to depths of 100-250m (total of 2,000m).  The syndicates technical committee created the template for the 2014 program.  Richard Kusmirski (formerly exploration manager… Continue Reading

Lundin Group South American copper explorer, NGEx Resources (NGQ:TSX), has expanded the high grade zone at its Filo del Sol project, the earliest stage of three deposits the company owns along the Chile/Argentinian border. Today NGQ announced assay results from the first 7 of 23 holes drilled between December 2013 and March 5, 2014. The standout hole was VRC60… Continue Reading

Source: Tabasco: Fighting bland food since 1868 | 60 Minutes

“Wait, so we have to walk all the way back?” China Bears have been licking their chops over a recent slew of negative economic data and headlines coming out of the Middle Kingdom. Things are getting real. Really real. I wanted to highlight three noteworthy tidbits on the topic: 1. Where will a China slowdown… Continue Reading

Nord Gold has agreed to option an initial 50.01% interest in Columbus Gold’s (CGT:TSXV) Paul Isnard project for $30 million.  Nord Gold is listed in London, but is 85% owned by the Russian billionaire owner of conglomerate Severstal, Alexei Mordashov (net worth ~$12 billion).  Nord Gold operates nine mines globally and produced 924,000 ounces of gold in 2013.… Continue Reading

A massive breakout in the GDX today as it prints a large bullish marubozu candlestick: Click to enlarge There could not be a clearer resolution to such a significant bottoming pattern (multi-month cup & handle) – prepare for a full retracement of the April 2013 crash in the gold miners.

Despite the potential for armed conflict in Ukraine and the specter of China’s shadow banking system teetering on the brink of collapse, there is hardly any volatility at all in the current market environment: Click to enlarge S&P 500 Weekly with Average True Range Underneath (ATR-14) VIX Weekly Here’s Scott Murray from www.volatilityanalytics.com: “There is… Continue Reading

Gold has broken above major resistance near $1360 this morning after a healthy 2-week consolidation between $1320 and $1355: Click to enlarge The strength of the current uptrend is even more impressive on the weekly timeframe and shows all the signs of a strong trend that is only gaining in momentum: Price is now equidistant… Continue Reading

“Mo Mao-ney, Mo Problems” In January, a wealth product – stemming from China’s highly unregulated $8 trillion Shadow Banking Sector – called “Credit Equals Gold #1” (you can’t make this up) was bailed out by the government. This action raised concern that the CCP leadership was not serious about systemic reform and would continue to… Continue Reading

FCU data by YCharts Fission Uranium (FCU:TSX) continued their record of releasing incredible results at their Patterson Lake South project and followed it up with a $25M bought deal financing announced just after the close today.  First we will start with the results.  The company, this morning, reported their second best scint result to date… Continue Reading

Fred Wilson of AVC.com shared this four year old Jack Dorsey speech yesterday. In it Dorsey says the first step to creating a new product or business is to draw your ideas down on paper and share them with others. The ideas for both Twitter and Square started on paper. In the case of Twitter,… Continue Reading

John-Mark Staude’s Riverside Resources (TSXV:RRI) has one of the best business models in the mineral exploration business. His firm generates ideas and gets partners to pay for them. And unlike the dozens of groups that say they are in this line of business, Riverside actually does deals and moves the company forward on a regular… Continue Reading

NovaGold Resources (NG) has completed an impressive multi-month bottom with this morning’s breakout above $4: Click to enlarge The next substantial level of interest is major support/resistance from 2012 near $5.00. The accumulation of NG shares has accelerated in recent weeks as the price of gold has remained relatively stable between $1320 and $1350. Moreover,… Continue Reading