One of the most valuable things a mining company can have is expertise. Exploring for, delineating, and mining ore bodies is an extremely tough business. The success rates for going from a discovery through to positive feasibility through to first production (and actually making money on this process) are right of the decimal point. To paraphrase...
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Copper Copper has traded higher both today and yesterday primarily as a result of weakness in the US Dollar. A continued decline in inventories monitored by the London Metal Exchange is also buoying the market. Inventories have declined for 10 straight days. On March 2nd, inventories had reached the highest level since 2004. The Commitment...
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This isn’t the first time that I’ve written about Canada, a well-run country that has avoided many of the mistakes made by the United States. Its budget deficit is moderate, its balance-of-payments deficit is also small, its banking system is in pretty good shape and it faces...
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Last weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks and technology stocks. The fact that these sectors are showing strength while utilities, health care and consumer staples lag is a good sign that investors are once again taking risks in the market.
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Last week was an exciting one for intra-day traders who follow the spot gold and major stock indexes. Actually, since early November 2009 the market has been performing very well for us day traders. As we all know the market is consistently changing its price patterns and momentum from up, sideways to down, which in...
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...So far this week has been pretty slow. Large cap stocks continue to lag the market which can be observed by looking at the Dow Jones Industrial Average which still has room to move higher before breaking the January high...
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On February 5th we had extreme panic selling with nearly 35 sell orders for every 1 buy order on the NYSE. That extreme panic and dumping of shares was the day we jumped into the market and we nailed the bottom.....
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Since this panic selling low in February 2010 we have seen stocks and commodities work their way higher, which we expected. Overall the broad market looks as though it’s trying to make a move higher.....
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Daryl Guppy is the resident chart expert for CNBC Asia. In this clip he analyzes Oil and then Gold....
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Great wisdom from Marc Faber on a number of topics....
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