Gold mining shares have been hit with just about everything imaginable during the past couple of months; lets recap some of the ‘bad news’: US economic data continues to impress with a blowout jobs report last week Large declines in commodities across the board The consensus is that the Fed will begin hiking rates next… Continue Reading
I just bought my first ever Australian listed stock. It’s a small speculative position that I initiated because I think the technology/mining/water play is just getting going, and has some great people involved. The company is Clean TeQ Holdings (ASX:CLQ), and it has a roughly $20 million market capitalization. Clean Teq is a technology business… Continue Reading
The decline in crude oil prices is putting the squeeze to many large oil producing nations such as Iran, Russia, and Venezuela. The Russian ruble and Russian equities are in free-fall and Venezuelan CDS (credit default swaps) are blowing out to levels not seen since the 2008 Global Financial Crisis: Click to enlarge Venezuela 5-year… Continue Reading
Arguably Canada’s richest gold development project got a big vote of confidence this morning from a prominent Chinese mining investor. Pretium Resources (PVG.T) has announced a new financing of $80.87 million with Zijin Mining Group. The placement will consist of 12.83 million shares at $6.30 per share giving Zijin a 9.9% stake in Pretium. Zijin Mining (2899.HK) is… Continue Reading
This year, CEO.ca is proud to be taking part in Cambridge House International’s annual Vancouver Resource Investment Conference, at the spectacular Convention Centre, January 18-19, 2015 (Register now). The event is the largest annual financial gathering in Vancouver with over 7,500 investors expected. 350+ companies are participating this year, ranging from mineral explorers to technology firms, financial… Continue Reading
A couple weeks ago I received an email from my brother John, a broker at Scotia McLeod, that reads as follows: Shannie: You should download the podcast series, Serial. It is free and very addictive. I’ve been listening to these over the last few days and can’t get enough. John and I share similar tastes… Continue Reading
In the financial blogosphere, the cream rises to the top. JC Parets, Founder and President of Eagle Bay Capital, LLC, is one of the clearest voices on Wall Street today. As author of the popular technical analysis blog, All Star Charts, Parets, 30, has established a significant following (You may know him from CNBC and other frequent media appearances). We… Continue Reading
The CFTC Commitments of Traders data which came out yesterday showed a couple of surprising things: Speculators (both large and small) aggressively covered short positions while the commercials drastically reduced longs resulting in a significant drop in open interest. This behavior was likely due largely to Monday’s huge upside reversal following Sunday night’s commodity futures bloodbath… Continue Reading
India Relax Gold Import Restrictions While China Considers Similar Policy There was good news for gold this week, with the Indian government surprisingly removing restrictions on gold imports which required 20% of all gold imports to be exported before any new shipments could be brought in. Given speculation that the government may tighten import rules,… Continue Reading
With the price of oil down ~40% from June highs and no rebound in sight oil companies are being forced to make some quick moves heading into 2015. The energy sector has a major weighting in the TSX and TSX Venture and has pulled both indexes down considerably in the last week. Companies have begun… Continue Reading
>>Interview with Rick Rule (MP3 Download) During a time in which downward volatility of the junior resource sector has resumed in force,Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. When asked if we’ve seen the ultimate capitulation in junior resource markets yet, Rick noted that, “We haven’t had… Continue Reading
With the gold price waffling near $1,200/ounce, close to the ‘fully loaded’ cost for many gold producers (Dundee’s definition of fully loaded cost = the sum of Total Cash Costs (incl. royalties) plus, cash G&A, exploration, cash taxes, cash interest and true sustaining capital costs), the #1 topic of conversation among gold mining investors & analysts are costs.… Continue Reading
Today we share some real estate porn via Tiburon, California speculator and writer Thom Calandra’s Facebook page. Surely there’s a tech founder in the Bay Area who wants to own this truly spectacular $49 million pad that belongs to mining tycoon Robert Friedland, Executive Chairman of Ivanhoe Mines – TSX:IVN (I own shares). Mr. Friedland… Continue Reading
Skiddy von Stade of financial recruitment portal OneWire.com has a fascinating interview series that occasionally features Wall Street tycoons in their offices talking about their lives and their values. In this week’s episode, Stade talks to Peter J. Solomon, founder of private investment bank Peter J Solomon Company, the man Financial Times calls, “The psychiatrist of finance.” Here’s… Continue Reading
After a relatively placid afternoon of oscillating in the $19.70-$19.90 range the #1 trading vehicle for gold producers, the GDX, experienced a ‘flash crash’ during the final minute of today’s trading session: Click to enlarge 5 million shares traded during the final minute of today’s session which included 1.25 million shares during a 2-second burst… Continue Reading
