Thursday, 30 January 2014

Full Watchlist of the Venture Index - Poised for Golden Cross?

Bullmarketrun have been calling the turn on the Venture this year.
Some are waiting for volume and clearer signals, some of which may be near. In the meantime the market bifurcation and selective bull market noted by Rule, Roulston and Kaiser is clear with strong leaders and laggards. A full stock watchlist of the Canadian Venture Index $CDNX is included below.

Rob McEwen Interview at Mineweb

Interview HERE
 I like grade. The higher the grade the more attractive the project is to me. I like projects that don't need enormous capital. I look for projects where management hasn't sold royaties or has an inclination to sell them because they're taking away, in my mind, the profit of the industry. 
 I'd say we're either at or extremely close to the bottom and as an investor I'm not prepared to wait to see if the bottom's there because it's very hard to pick it. Because, as we talked about the performance last August, if you you're not taking advantage of it right now, you're going to miss a big part of the move. And when you look at the distance these stocks have to travel to get to their old highs, there's some wonderful numbers in terms of performance that I think we're going to see. 

Tuesday, 28 January 2014

AME BC Mineral Exploration Roundup 2014

After the Vancouver investor show comes the more Geo / Industry focussed AME roundup.
The companies here are presenting to geo-peer review rather than promoters and retail investors.
Many of the exhibitors are service providers to the industry....... more .....

Saturday, 25 January 2014

CIBC - Institutional Investor Conference - Whistler 2014

A number of gold companies attending, audiocasts HERE 
(Registration required)
Companies below

More from Vancouver Resource Show 2014 - Kaiser, Roulston, Giustra, Rule, Holmes, Cook

Several more sections - below.

Financial Times - Questioning Paper Gold - Learn from Buba Demand Delivery / & Grant Williams Back-Story

The FT is usually very dismissive of the gold bugs.
Here Neil Collins asks the questions about paper and physical gold and why the Bundesbank has not had their gold back. This follows John Dizard's previous article.
The longer Grant Williams article explores the background of previous problems with banks holding gold short positions who left the gold market, as recently announced by others, like Deutschebank.
As has been remarked here before, forecasting the price is for mugs and bugs. But one day the ties that bind this pixelated gold may break, with potentially catastrophic results. So if you fancy gold at today’s depressed price, learn from Buba and demand delivery.

Wednesday, 22 January 2014

Management and Institutional Ownership - Skin in the Game

Article by Tickerscores with interesting charts on the changing profile of ownership through development stages, in particular the ramp up in Institutional ownership at PFS study stage.
Also highlighting the ranges of ownership to benchmark junior and exploration management stakes.

Vancouver Resource Show 2014 - Interviews & Videos - Cook, Kaiser, Rule, Beaty, Fulp

Posted by Cambridge House..... Below

Gold Newsletter

Brien Lundin coverage HERE
One of the more established newsletter writers, including reports from New Orleans conference and stock picks from Brent Cook, Eric Coffin, Lawrence Roulston, Scott Gibson and others.

Vancouver Resource Show 2014 - Rule, Kaiser, Roulston

The annual Cambridge House Show in Vancouver.......more .......

Citi Bullish on Miners for first time in 3 years

Citi bullish on the Miners
“We would rather be too early than too late in making this call.”

Monday, 20 January 2014

Miners Going Green on Volume

Some miner/explorer charts showing price increases on high relative volume over the past month.
While plenty are just half penny-crappers doubling to a penny there are some, particularly on less dramatic volume, which are the clear leaders attracting the current fund flows.
More to do to exclude stocks with recent splits, though these should flag on the charts, and a closer review required of .ax stock sectors. A number are driven by M&A.
Quite a few graphite and rare earth stocks moving and nickel after the Indonesian announcement.
As always only some starting point for due diligence.

Friday, 17 January 2014

Jordan Roy-Byrne - Junior Mining Stocks Have Bottomed

Roy-Byrne steered clear of the bear in 2012 but came back bullish too early in 2013.
Now considers that the Juniors have Bottomed
 the stronger and higher quality companies are showing leadership. The risk has shifted from getting caught in a final plunge to missing out on the rebound.
He reviews the Venture exchange's performance as we did HERE yesterday.

Thursday, 16 January 2014

Brent Cook - Rules of Thumb for Junior Mining Speculators - Light at the End of the Tunnel (Plus Discussion with Korelin)

A pivotal year for junior mining and exploration investors.
Notes on company and project review from Brent Cook

Brent Cook Discusses with Al Korelin

  • Number of deposits held by juniors economic and selling at a discount.
  • Be very selective on early stage exploration
  • Competent people with cash and good projects
  • Early view of costs to get out of ground and rock potential. 

Canadian Venture's Start to 2014

A very strong start to 2014 with hardly a session down and moving above the 50d and 200d averages. 

Rick Rule - Big Money Circling Natural Resources

Also in discussion HERE

John Hathaway - Tocqueville Gold Investor Letter Q4-13

Letter - HERE
Many Interesting Charts - HERE

FT - Gold Mining - Squandered Opportunity

Interesting timing for the FT to take an interest in Gold Miners as they make a strong start to 2014.
Plenty of truth in the errors made.

Gold Miner M&A - Goldcorp Hostile Bid for Osisko

The biggest bid in some time stirring opinions

Wednesday, 8 January 2014

The Golden Dilemma & Goldenfreude - Rick Rule talks big money circling resources and miners

A long paper by Erb & Harvey with many charts exploring gold price drivers (HT King One Eye Blog)

Are we due the final scare? Larry Edelson sees 2 potential moves, final thrust down now or inversion delays until May.

At what point do we see (HT Mercenary Trader)
"The most exciting returns are to be had from an asset class where those who know it best, love it least, because they have been hurt the most."- Don Coxe
More ......

Junior Gold Mining M&A - Monument to Acquire Murchison Gold Project

Monument are in production in Malaysia, holding significant cash and cashflow due to low costs, valued at 0.35 book value and trailing PE of 3.5 (but lower gold prices now!).

Deloitte 2014 - Mining: Tracking the Trends

6th Annual Report on the Mining Industry from Deloitte - HERE
Exec Summary
Full Report

Can we find good management responding to the right investor concerns?

Morgan Stanley Metals Playbook

Dated Q3-13

PWC 2014 Gold, Silver, Copper Price Report

Survey of 150 miners from PWC
Link straight to the Report

Sunday, 5 January 2014

Saturday, 4 January 2014

Junior Gold Miner M&A - Northern Star Acquires Barrick's Plutonic Mine

News from 23rd Dec 
If the gold price can make a turn north in 2014 the majors disposing of assets will have succeeded in buying high (Equinox!) and selling low. .....more.....