Wealth creation stock suggestions by email for retail investors by Greg Nolan, an experienced Canadian resource speculator.
With the broader markets near a potential inflection point—the point at which the Fed’ll admit defeat in its battle against inflation and turn its attention to what may evolve into another financial crisis—we could see some wild swings over the balance of 22. Where the precious metals are concerned, we’re at the U.S. dollar’s mercy. […]
An October 4th roundup I published over at Equity Guru—Unabated selling, dry powder, the upside of buying when you’re the only bidder in the room…—generated a fair amount of positive feedback: The above tweet is courtesy of Blackrock Silver‘s CEO, Andrew Pollard. Blackrock is a Nevada-based explorer/developer currently active with four drill rigs in a […]
In a recent Equity Guru piece, I presented the disconnect—the divergence—that exists between gold stocks and the underlying metal via a chart comparing GLD (the SPDR Gold Shares ETF) to the GDXJ (the Global Junior Gold Miners Index). I suppose you can blame this price weakness on the summer doldrums—the volume has dried up in […]
Having bookended the month of March with a Double Bottom and smashing through stubborn resistance at $1800 last week (a hard-fought 10-week high), Gold is holding on to its gains, settling in above that critical $1,800 line. The next stop for the precious metal is the 200 SMA at roughly $1856. Once that level falls, […]
After testing the $1800 level earlier this week, gold backed off, rounding out the week essentially flat. But the setup here looks compelling. Since a double bottom that bookended the month of March (chart below), the metal is grinding out a series of higher lows- higher highs. Having tested and broken out above the 50 […]
The launch of Highballer back in early 2020 sprung from the belief that we’re in the early stages of a bull market in precious metals, base metals, battery metals, and all things mining—a bull run that will prove epic in scale. I’ve seen this movie before. It has a riveting plot. Bolstering that belief, central […]
We’ll dispense with the usual proem on this one and cut right to the chase… Forum Energy Metals (FMC.V) Fir Island represents only one property in the Forum’s extensive project portfolio. The project encompasses 14,205-hectare of highly prospective ground along the northeast edge of the prolific Athabasca Basin. Those who track uranium plays know that […]
It seems we’ve entered yet another rout in the metals and mining stocks with several of the companies we follow closely getting sold off, testing their recent lows. It’s frustrating. One would think that with events over the past two weeks, gold would be ripping higher, tagging all-time historical highs. There’s been a lot of […]
$1,850 (blue line, chart below) is turning into a front line in the brawl between gold bulls and bears. After breaking through this key support level last week, the snap-back from the $1,767 low, anchored by a surfeit of compelling fundamentals, coincided with the U.S Dollar printing 2.5 year lows. Short term, the market is […]
Gold is currently testing support at $1,800 (lower blue line) after crashing through support at $1,850. Current prices represent multi-month lows. If $1,800 doesn’t hold (that’s where the 200 SMA is at), $1,750 might be in the cards. Of course, this sudden price weakness might be a big-ass Bear Trap. If so, the metal should […]
