Detour Gold (DGC.T), the owner of one of Canada’s largest producing mines, released 2014 year end results and guidance for 2015 this morning. Detour is still in the process of trying to increase the milling rate and therefore output at the mine. The stock is up 8% at press time but I believe the majority of that is from… Continue Reading
Gordon Gekko was right. Lunch is for wimps. So is breakfast, for that matter. Anyone who wants to master their weight, health and fitness, and save time and money by literally doing nothing should explore the world of fasting. But unlike Gekko’s propensity for making big bucks on the backs of hard working, salt of… Continue Reading
Via Energy and Gold.com: This morning’s gold rally has formed a highly significant breakout from a multi-month chart pattern bottom: A textbook head & shoulders bottom has formed during the past several months and this morning’s large move higher has formed a breakout above the neckline of this pattern. The measured move target for this… Continue Reading
Via Energy and Gold.com: Crude oil futures have shot up more than $4/barrel this morning after a shock move by the Swiss National Bank (SNB) to remove the Swiss franc peg to the euro: The rally which began on Tuesday now totals 17% and, sadly enough for oil bulls, happens to be the largest percentage rise… Continue Reading
AuRico Gold (AUQ.T) has been on my radar for a while, but a couple news releases in the last few months have really caught my attention. Last month the more important news was a new discovery of a copper-gold porphyry system at the Kemess project in north-central British Columbia. Today the company announced they have received… Continue Reading
Blackberry shares (BBRY) exploded higher during the final 20 minutes of trading this afternoon on reports of a takeover offer from Samsung: The reported range of $13.35-$15.49 aligns nicely with a technical price target I placed on the shares in December. Given the enormous volume and the power of the breakout from the recent range… Continue Reading
My friend Peter Tallman is president CEO of Klondike Gold Corp (TSXV:KG), a company that today holds the key claims in the heart of the 1898 Klondike Gold Rush region near Dawson City, Yukon, where some 20 million ounces of placer gold was recovered at surface, with the hard rock source of the gold never… Continue Reading
Electrician turned mining entrepreneur Gianni Kovacevic has two important reminders for investors bailing on the copper sector this morning. The first is that no force in the world can prevent the ascent of man. Over the next decade, another 500 million people will be lifted from abject poverty, Kovacevic says, putting incredible demand on natural resources,… Continue Reading
Via Energy and Gold.com: Copper futures dropped as low as $2.42 yesterday evening before rebounding roughly 5%: One of the world’s largest copper producers, Freeport McMoran (FCX), has been hit especially hard (-11%) this morning after copper’s overnight tumble: A slide from a recent FCX investor presentation is particularly telling: Just 2 months they were… Continue Reading
Although 2015 is only a couple weeks in the books, the beaten down gold developers have so far been on a tear! The GDXJ index is up 19% year-to-date with many of the more leveraged names up even further. Integra Gold (ICG.TSXV), which is developing the Lamaque South mine in Val D’or Quebec has kept pace with… Continue Reading
Morien Resources (MOX.V) is an emerging junior mining royalty stock led by CEO John Budreski. This morning Morien signed a definite agreement to sell a 25% interest in the Donklin coal project for cash and a royalty on future production. The Donkin coal project was the signature asset of Morien and when/if it goes into production will generate… Continue Reading
Via Energy and Gold.com Commercial hedgers (“smart money”) are almost always short equity futures to some extent. As a market timing gauge when the commercials move to near a neutral positioning in futures it is usually a good time to get long equities, whereas, when the commercials move to an extremely large short position it’s… Continue Reading
Shares in Roxgold (ROG.TSX) are up 20% already this year and 35% from their tax-loss influenced low of CAD $0.48 per share in mid-December. This morning, I spoke with John Dorward, President and CEO of Roxgold who was in Burkina Faso last week meeting with the newly appointed Minister of Mines and getting his new General… Continue Reading
January 12, 2015 When China celebrates its new year next month, we will transition into the Year of the Ram, also known as the Year of the Goat or Sheep. If you believe in luck, this could be a good sign. The ram comes eighth in the 12-zodiac cycle, and in Mandarin, “eight” sounds very… Continue Reading
Yes I failed. The worst idea I ever had — one rooted in the belief that a company could make a difference in the lives ofColombia villagers and their investors — is off another 40 percent in stock price Monday. But then, as a money manager familiar with the Gran Colombia Gold failure just told… Continue Reading
