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EDITORIALS IN 2017

FOMC Rate Hike Buy the News Bounce in Gold...Again!

December 22, 2017

Since December 2015, each time the Federal Reserve Open Market Committee (FOMC) begins to telegraph an interest rate hike the gold sector sells off into the announcement of that hike. And each time the Fed raises, the news is greeted with a short-cover bounce in the precious metal miner sector...

Gold Stops Being Hunted into FOMC Meeting Next Week

December 15, 2017

As I type this missive, gold has lost strong support at the $1260 level and is being sold briskly into the release of the US Non-Farms Payroll (NFP) report for November, which will be issued to the market by the time this article is posted...

Saudi Arabian Turmoil Brings More Bids into Gold

December 1, 2017

The gold price has been rising this week buoyed by two major events happening simultaneously in Saudi Arabia, the world’s second-largest oil producer and single biggest oil exporter. The first was a thwarted missile strike on the Riyadh airport...

Novo Resources Site Visit in Western Australia

November 17, 2017

I was unable to post a weekly column to Kitco this week as I was on a site visit in Western Australia to see the Novo Resources highly controversial Karratha region project. Since writing two separate reports about the company, (you can access them both here and here) I have been anxious to visit...

Cash and Patience Advised for Gold Sector Investors

November 10, 2017

For the past few weeks, I have been erring on the side of caution in the Gold space. To the mainstream investor who is primarily involved in a parabolically rising stock market, gold appears of little interest at the present moment. With US equities making all-time highs...

Miners Leading Gold Lower into the US Election

November 3, 2017

In last week’s missive, I warned of more probable weakness in the precious metal miner space as we head into the the next Federal Reserve Open Market Committee (FOMC) meeting on November 1st. Earlier this week, after the monthly meeting of the European Central Bank (ECB) was concluded...

It May Be Time to Take Some Chips Off the Miner Table

October 27, 2017

As mentioned in my article from earlier this month, the US equities have begun a parabolic move which has kept pressure on the gold sector. With investors in “risk on” mode, they have little interest in the gold space at this time. Late last week...

Gold Mining Stocks: Top 5 Development Stage Take-Over Candidates

October 20, 2017

As the precious metal miner sector continues to trade sideways this year, I would like to bring to your attention five development stage projects which I believe stand a very good chance of being acquired by a global miner within the next 12-18 months...

Miners Snooze While US Equities Soar

October 13, 2017

The month of October has historically not been very kind to over-valued US markets, especially a market which has been long over-due for a 10-15 percent correction. But the “Most Hated Bull Market in History” (dubbed by a few sector pundits) has now begun to do the exact ...

Paulson & Co. Addresses the Elephant in the Room

October 6, 2017

At the recently concluded Denver Gold Forum, there was a presentation given by the high-profile hedge fund Paulson & Co. which has caused quite a stir in the mining space. The presentation entitled “Gold Equities: Myths, Dreams and Reality” was given on September 26th by Paulson & Co...

The Gold Sector Tests Strong Support Levels on Fedspeak

September 29, 2017

Last week, I mentioned the possibility of strong support levels in the gold sector, which were previously resistance zones, being tested in the wake of the Federal Open Market Committee (FOMC) meeting speech on September 20th...

Gold Sector Weakness into the Next Fed Meeting

September 22, 2017

With stocks in rally mode this week, gold is taking a break after having a two month move of over $150 higher which included breaking major long-term resistance (now support) at the $1300 level. This correction is not surprising considering how short-term over-bought the sector had become...

The White Gold Region of the Yukon Revisited

September 15, 2017

Earlier this year, in mid-February, I drew to your attention the on-going mining resurgence of the White Gold District in the Yukon, the smallest and westernmost of Canada's three federal territories. The article, which you can find linked here, discussed the rise of global major...

Strong Monthly Closes in Gold and the Miners

September 8, 2017

Despite most big money traders and fund managers still being on vacation, the gold price has broken and held above strong resistance at the $1300 level on a monthly basis. The GDX has responded in kind with a close well above the $24 level, which so far this year has been strong monthly resistance in the major miner ETF...

Fear and Loathing in the Precious Metal Mining Sector

September 1, 2017

The two emotions mentioned in the title of this article have been synonymous with the precious metal miner sector for the past five years. The fear comes rushing into the sector when the miners are subjected to sharp corrections which have happened frequently since the gold price lost very strong support at $1500 in 2013...

Novo Discovery May be the Spark which Ignites the Entire Mining Sector

August 25, 2017

Back in April of this year, I wrote an article entitled “Novo Resources Presents a Golden Opportunity” , which was about the massive potential of a micro-cap Canadian junior exploring for elephant sized gold deposits in Western Australia. As you are probably aware by now, the stock has become the most talked about junior...

Four Exploration Juniors with High Leverage to Silver

August 11, 2017

The second leg of the precious metal miner bull appears to be just about ready to begin. The July trading action in the sector was typical for this time of year while the 12-month consolidation of the initial 179% impulse move in the GDX has traded sideways on historically low volume...

The Gold Sector Consolidation is Showing Signs of Ending Soon

August 4, 2017

The gold miner consolidation, which began in early August of 2016, is giving us strong signals of being close to ending soon. Miner ETF traders have been treated to multiple whipsaw moves since the beginning of June, making it nearly impossible to successfully trade the sector...

Has Peter Tallman Found the Source of the 1890’s Klondike Gold Rush?

July 28, 2017

On August 16, 1896, George Washington Carmack and two of his Indian friends found a large gold nugget while fishing in Rabbit Creek (soon to be named Bonanza Creek), a tributary of Canada’s Klondike River in the Yukon. 

ATAC Resources Carlin-Type Gold District in the Yukon

July 21, 2017

I recently completed the Yukon Mine Site Tour which was hosted by the Yukon Mining Alliance. It was a spectacular 6-day event which took me to several of the best resource projects in the territory...

The Junior Miner Bargain Bin May be Closing Soon

August 18, 2017

As the summer doldrums in the precious metal mining space are coming to a close, many of the best in class juniors have formed year-long accumulative bases in their respective charts. Since the beginning of this year, I have been recommending sector participants to scale into the junior developer/explorers and early stage...

The Gold Sector Continues to Confuse Participants

June 16, 2017

Earlier this week, the gold sector appeared to be heading for a breakout after the miners had been lagging the gold price for the past three weeks. On Tuesday, June 6th, the miner sector finally decided to join the bullion party and had a very nice upside move while gold raced toward the $1300 level...

The Fed Dot Plops the Gold Sector

June 23, 2017

The gold sector has been particularly difficult to gauge during the past few months of trade. Gold miner participants have been whipsawed between numerous market catalysts, as the lagging GDX action in relation to the recent gold surge has had investors on edge...

The Vancouver Metals Conference Circuit Has Gone Boutique

June 9, 2017

I always look forward to attending the various mining conferences which are held each year in the beautiful city of Vancouver, British Columbia, in Canada. The mining industry is filled with fascinating and colorful people, and I always come away with a wealth of information, which I can apply to my miner sector knowledge base.

Rate Hikes are Historically Bullish for the Gold Sector

June 3, 2017

In the Federal Reserve’s perfect world, the Feds fund rate would permanently remain between 2 and 5 percent, which would be the “sweet-spot” that maintains a healthy economy. This ideal economy would have gross domestic product (GDP) growth between 2 and 3 percent annually and an unemployment rate below...

Miners Continue to Price-In June Fed Rate Hike

May 26, 2017

The minutes from the last Federal Reserve policy meeting held on May 2-3rd were released this week on Wednesday, May 24th. The GDX Major Gold Miners Index Fund had been selling off into this release since last Wednesday, towards support at $22...

Just Follow the Money when Investing in Junior Miners

May 19, 2017

The precious metal miner sector began trading this week with yet another news release of a global miner taking over a junior developer. On May 15, Eldorado Gold Corp. (EGO) agreed to buy the remaining shares of small-cap developer/explorer Integra Gold Corp, to expand its mining opportunities in the Eastern Abitibi...

Dead Cat Bounce or Sustainable Bottom?

May 12, 2017

The precious metal miner consolidation process continues to frustrate participants as we head into the all too familiar “summer doldrums” period, which is now being anticipated by most sector pundits...

Miners Continue to Sell-Off into the Final French Election

May 7, 2017

The gold sell-off below its 200-day moving average, which the miners were predicting by beginning a harsh decline three weeks ago, has happened quickly. While the selling in the miner sector was nearing over-sold territory, the Federal Reserve 2-day meeting speech this past Wednesday, May 3rd, revealed no change in the...

Will Sandstorm’s Newest Risk Pay Off?

May 5, 2017

The mining sector continues to sell-off much more than the gold price as the market continues to discount the up-coming VanEck GDXJ Junior Gold Miner ETF re-balance I touched upon last week in this column. More than $800M was collectively taken out of GDX and GDXJ on April 26th, which was the largest one day out-flow...

Concentrate on Healthy Junior Miner Trees Not the Diseased GDXJ Forest

April 28, 2017

Historically speaking, bull markets do everything in their power to continue higher without as many early participants on board as possible. It is the rare individual who can identify a trend early on, then remain fully invested atop the bucking bull until the “blow-off” stage that will reap him/her the largest gains...

Novo Resources Presents a Golden Opportunity

April 21, 2017

Novo Resources (NVO.V) has been on my radar for about 4 years now. Back in October of 2012, I read a story in the Northern Miner about former Newcrest & Newmont geologist Quinton Hennigh’s theory of an area in Western Australia possibly having a similar geological occurrence to South Africa’s Witwatersrand basin...

Will Sabina Gold & Silver be the Next Major Take-Over?

April 13, 2017

Major miner Agnico-Eagle (AEM) has big plans for Nunavut, which is the largest, and northernmost territory in Canada. Nunavut comprises a major portion of Northern Canada, and most of the Canadian Arctic Archipelago. Its vast territory makes it the fifth-largest country subdivision in the world, as well as North...

The Mining Sector is at a Crucial Inflection Point

April 7, 2017

The precious metal miners have been consolidating the March 15 Fed-speak short-cover bounce with a downward bias as we head into the last day of the first quarter.

Meanwhile, the gold price is trying to consolidate just below the 200 day moving average while the US Dollar...

The Urban-Windfall Area Play in Quebec Gets Major Support

March 31, 2017

In mid February, I alerted readers to an area play on the Abitibi Greenstone Belt (ABS) in Quebec, which has recently enjoyed an influx of an enormous amount of capital via early stage exploration companies. Headlining the Urban-Windfall district is Osisko Mining (OSK), who has decided to fast-track exploration and development...

Gold Now Poised to Move Higher as the Fed Rate Hike Cycle Continues

March 24, 2017

Earlier this week, all eyes were glued and computer trading algorithms set to the Federal Reserve two day meeting speech which was released at 2pm EST on the Ides of March 15th. As soon as Fed chairwoman Janet Yellen delivered pretty much what everyone was expecting, the stock market, gold, silver, and oil all...

PDAC Attendees Not Concerned About US Rate Hikes

March 17, 2017

Although the miner correction continued all throughout the Prospectors and Developers Association of Canada (PDAC) conference earlier this week, the 24,000 plus attendees were not about to let this nasty sell-off spoil their mood...

Tune Out The Noise And Listen To The Market

March 10, 2017

Early this week, the miners experienced a waterfall decline towards strong GDX support at $22.50, while the gold price held near strong resistance at $1250. This is highly unusual and has many scratching their heads, searching for a reason. While the gold price continued to hold up extremely well in the face of a strong US...

Gold Sector Déjà Vu

March 3, 2017

At the tail end of Mr. Gold’s Wild Ride last year, the miners made a very strong reversal while most traders were on Christmas vacation. As gold was bouncing off the post election over-sold low, the GDX began what eventually became a stunning eight-week continuous move higher into the first week of February this year...

The Urban-Windfall District in Quebec Heats Up on February 6th

February 24, 2017

Several of the world’s largest gold and base metal deposits were found in Eastern Canada’s Abitibi Greenstone Belt (AGB). The AGB is an established gold mining district, which extends from Wawa, Ontario, to Val D’Or (Valley of Gold) in Quebec. This highly prolific mining territory boasts over 100 mines and production...

Gold Miner Investing for Dummies

February 10, 2017

“A lot of the companies have moved out, they don’t make the drugs in our country anymore. A lot of it has to do with regulation, a lot of it has to do with other countries taking advantage of us with their money and their money supply and devaluation. Our country has been run so badly, we know nothing about devaluation;

Vancouver Resource Investment Conference 2017 in Review

February 3, 2017

Each year, I attend the Vancouver Resource Investment Conference (VRIC) to catch up on many of the companies in which I invest, and to get a general feel for the retail mood of the sector. This year, the mood was very positive and optimistic as many quality juniors are now bifurcating from the weaker ones...

Gold and Uranium Miner Update as the Trump Era Begins

January 27, 2017

As we begin the Trump Era, the gold miners have been trying to build a base in the GDX while trading sideways with a bullish bias at the $22.50 area for the past few weeks. Gold has had a nearly $100 move off the bottom struck this past December, so weakness was to be expected here as gold had become short...

Everybody Back in the Pool at the Bottomz Inn!

January 13, 2017

What a sneaky mistress this precious metal miner sector can be while making major bottoms. In past missives, I have continuously mentioned how important the $20 level had been in the GDX during what was a brutal four-month correction into year-end...

The Uranium Miner Sector Has Bottomed

January 10, 2017

After six years of a brutal bear market and numerous “bottom” calls, the Uranium Miners have finally made what appears to be a long-term bottom as we begin the new year. As President Elect Donald J. Trump is about to take the helm of the largest economy in the world...

Book End Miner Bear Traps in 2016?

January 6, 2017

When I was a kid, I would go to an amusement park in Southern California that had some of the best roller coasters in the world. Maybe this is one of the reasons why I now find myself addicted to the wild and crazy investment world of the tiny junior mining sector...

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