Gold stocks have kicked off the week with a powerful breakout: Click to enlarge Chart patterns which resolve by way of opening gaps often lead to the most powerful follow through moves. The bull flag breakout in GDX points to another 3-5% of gains over the near term ($25.50 – $26.00 area). Meanwhile, a large… Continue Reading

Late last night, Hudbay Minerals (HBM:TSX) announced it was making an unsolicited offer for the remaining shares of Augusta Resource Corp (AZC:TSX).  Hudbay is offering 0.315 (~$2.96 per Augusta) of its shares for each share of Augusta representing a 62% premium to the 20-day VWAP and an 18% premium to Friday’s close.  The offer values… Continue Reading

Source: Rabobank Interesting outlook on the global economy from Rabobank via Business Insider. Richard McGuire, Head of Strategy for Rabobank, charts the likelihood and impact of various global catalysts that could shake markets up. We see the usual suspects such as the Fed tapering too quickly, emerging market issues and Chinese growth slowing. However, McGuire… Continue Reading

“Blast you Excel!!” While Kenneth Rogoff took his lumps last year due to an enormously inexcusable excel error, this former Chief Economist for the IMF and co-author of This Time Its Different: Eight Centuries of Financial Folly is still a voice to be reckoned with.  As part of Project Syndicate’s cleverly-titled-no-pun-intended “Submerging Markets” series, Rogoff… Continue Reading

According to the Bloomberg article today, a creditor group led by PIMCO has agreed to a $200 million financing deal that would see founder Eike Batista lose control of his Latin American E&P company, Oleo & Gas Participacoes SA (OGX).  This deal would end a 6 week discussion to finalize the debt-for-equity swap that would… Continue Reading

OCO data by YCharts I would imagine the phones at Oroco Resource Corp (OCO:TSXV) would be busy today following a positive ruling by the Federal Tribunal of Mexico. Shares are up 200% to $0.10 on over 10.5 million shares at the time of writing. The court granted Oroco its appeal of the decision of the lower Federal District… Continue Reading

CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico.  However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… Continue Reading

“The days of getting rich quickly are over, and the days of getting rich slowly may be as well.” Bill Gross In his first “Investment Outlook” letter since the announced departure of his No. 2, Mohamed El-Erian, PIMCO’s co-founder Bill Gross remained confident on his company’s future and also shared his view on the US… Continue Reading

Jordan Trimble joined BNN Television’s Andrew Bell earlier. Trimble is CEO of Skyharbour Resources (SYH:TSXV), a micro-cap uranium explorer focused on Northern Saskatchewan’s Athabasca Basin region. Trimble discussed his company’s exploration plans for 2014, which includes an ongoing $6 million program at Skyharbour’s flagship Preston Lake project near Fission Uranium’s Patterson Lake South uranium discovery.… Continue Reading

Yesterday we pointed out the 1928-1930 Dow analog – here’s Tom DeMark on CNBC this morning: “The market unraveled and went down 48% (1929), we’re currently at that inflection point. Like I said, everything is aligned, we think the next 2-3 days are extremely critical…..”

Reservoir Minerals (TSXV:RMC), which has been one of the best performing mineral exploration stories of recent years, climbing 1000+% since 2012 following successful exploration results at its Timok project in Eastern Serbia, may have gotten ahead of itself, according to PI Financial’s Digging Through The Dirt Newsletter. The authors are Bill Whitehead, 56, Senior Vice President,… Continue Reading

“I’m still too cool to wear a helmet” Alim Abdulla fired off a nice piece yesterday on the state of US Equities. It’s a worthwhile read and I think this sentence sums it up nicely: If you are net long US equities and adding on dips, you are consensus, and the probability of you ending… Continue Reading

This morning, explorer Desert Star Resources (DSR:TSXV) announced Mark Selby would be joining the company’s advisory board.  Mr. Selby is currently the Senior VP, Business Development at Royal Nickel (RNX:TSX) and is the owner of his own consulting firm, Selby & Co.  Mr. Selby is also and has been since August, 2009, a director of… Continue Reading

The US stock market could be setting up for an October 1929 style crash – if the following analog first discovered by legendary market timer Tom DeMark plays out we could be in store for a precipitous fall in global stock markets over the next 4-6 weeks: Click to enlarge Chart courtesy of Patrick Ambrus… Continue Reading

Chicks dig the bulls-eye Early reports indicate that Japan’s annualized 2013 Q4 GDP growth likely reached 2.6%, which would make it the fifth straight quarter seeing an increase in annualized GDP. This bit of good news is naturally attached to the government’s spiked punch bowl fiscal, monetary and structural reforms dubbed Abenomics. After Prime Minister… Continue Reading