Search for: "canamex"

Six Junior Gold Miners Ready To Outperform In 2nd Quarter

Six Junior Gold Miners Ready To Outperform In 2nd Quarter
For weeks I have been telling subscribers that I have been waiting for a bullish reversal on volume to enter the precious metals market. That time may have come on March 18th when I sent out a report to my premium subscribers that gold turned bullish as The Fed was much more cautious about raising interest rates than the market expected due to the weakening of the overall global economy. This is the chart I sent them indicating gold was due for a major bounce and strong follow through accumulation.
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Junior Gold Miners Breaking Out into New 3 Month High

Junior Gold Miners Breaking Out into New 3 Month High
The junior gold miners appear to be bottoming and outperforming in January as I expected. Watch $29.50 to be cleared for a new three month high. This could end the lower high pattern or downtrend. Already for weeks I highlighted the positive momentum in the junior gold miners despite the new low in December. This divergence usually signals an interim bottom and turning point.
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How To Find The Junior Mining Winners During a Historic Bear Market in Natural Resources

How To Find The Junior Mining Winners During a Historic Bear Market in Natural Resources
Despite the TSX Venture being down over 25% this year, three of our featured stocks had great gains. Niocorp (NB.V or NIOBF) is up 387% on the year, Western Lithium (WLC.TO or WLCDF) soars 127% in 2014 and Canamex (CSQ.V or CNMXF) rose 108% this year. In a historic bear market, 9 out of 10 stocks fail. As the old adage states, "When they raid the house, they get them all." However, I have been blessed in that most of our featured companies are hanging in there and two of them more than doubled and one almost quadrupled in one of the worst years in resource history. This indicates to me that our system of research and due diligence is improving and should show outsized gains once the 200 day moving average begins sloping higher.
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Breakout Alert: Junior Gold Miner In Nevada Discovers Impressive New Gold Zone

Breakout Alert: Junior Gold Miner In Nevada Discovers Impressive New Gold Zone
For several weeks I have been expecting a major secular bottom in precious metals and I told you to watch for the accumulation after capitulation.For about the two past months, we have witnessed panic selling in precious metals and junior miners the capitulation. However, on November 7th and 14th we saw major accumulation in gold futures on high volume. This may signal the beginning of a major short covering combined with value buying or the accumulation after the capitulation. This junior may breakout as it discovered a new gold zone.
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Chart Shows A Potential Double or Triple in the TSX Venture

Chart Shows A Potential Double or Triple in the TSX Venture
Clearly, the strong global economy purported on CNBC has not yet been reflected on the TSX Venture Exchange yet. However, that may change over the next 3-5 years and now may be the time to buy up the best resource assets at historic lows. Over the past decade, The TSX Venture has at least doubled or tripled from these historical low levels where it is currently trading.
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Uptrend in Junior Gold Miners Forecasting Bottom In Precious Metals

Uptrend in Junior Gold Miners Forecasting Bottom In Precious Metals
The Post Labor Day rally in precious metals I expected has turned into the Post Labor Day Selloff for precious metals and many mining stocks.  Many investors came back from Labor Day and sold their precious metals in favor of the U.S. dollar.  This could be the worst possible trade right now.  This could be the shakeout before the breakout in the precious metals.  Generally this is a seasonally strong time for gold and silver.  We may bounce off new lows below $1200. Despite gold testing new lows, the junior miners are still in an uptrend since December of 2013.  Is the outperformance of the junior miners indicating that gold may bottom here around $1200?
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M&A In Junior Gold Sector Heating Up with Agnico Eagle Acquisition

I have been forecasting for many months that the majors will begin making acquisitions for high quality junior mining companies. Yesterday, major gold miner Agnico Eagle (AEM) agreed to buy early stage Mexican explorer Cayden Resources (CYD.V) for over $200 million in a friendly takeover deal. Agnico gets Cayden's two gold prospects near Goldcorp (GG). Cayden recently hit some good drill results and they announced some preliminary metallurgy, but it is a long way from being a mine. Personally I am quite surprised at Agnico's move. Cayden always appeared to me to be overvalued. I could argue that if recent drill results are worth over $200 million than explorers like Corvus and Canamex are significantly undervalued as their results may be much better as the drill results are better and they are in Nevada which is a much better jurisdiction then Mexico. Agnico may be up to something with Goldcorp. Do not forget Agnico outbid Goldcorp for Osisko and now Agnico comes into Goldcorp country in Mexico. Cayden borders Goldcorp in Mexico and seemed a likely Goldcorp takeover candidate. Agnico may be positioning itself for a merger with Goldcorp. It may be safe to say that Cayden is fairly valued at $200 million. With this recent deal I believe some of our featured juniors such as Red Eagle (RD.V or RDEMF) are significantly undervalued.
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Are The Junior Miners Going To Benefit From Severe Large Cap Correction?

Are The Junior Miners Going To Benefit From Severe Large Cap Correction?
One sign is a huge uptick in volume in the Market Vectors Junior Gold Miners ETF. The volume increase in the first seven months of 2014 has been exceptional, whereas volume is decreasing in a rising market in the SPDR S&P 500 ETF (SPY:NYSE), an ETF tracking the S&P 500. The rising volume in the juniors may indicate accumulation, whereas decreasing volume in a rising market may indicate that the rally in the S&P 500 is overbought and running out of steam. The equity market has not had a significant correction in more than three years and it's dangerous territory for a correction.
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Why This Junior Gold Miner in Nevada Soared 200% in 2014

Why This Junior Gold Miner in Nevada Soared 200% in 2014
At the end of 2013, I predicted the junior gold (GDXJ) and silver miners (SIL) would outperform the S&P500 in 2014. I was right so far in 2014. THe GDXJ is up over 36% on the year while the S&P500 is up under 5%. However, one of the junior gold miners that I predicted would be a major winner back in December of 2013 has far outpaced the mining and overall market indices by a wide margin. The small junior miner is up over 200% in 2014. Find out which one and why.
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