domingo, dezembro 31, 2006

Stocks of the Year


During 2006, the best performances in precious metal stocks - among a selected but large group I am following - are:

1. Blue chips

Agnico-Eagle Mines (AEM), with an astonishing jump from less than 20 to 41.24. Key explanation: strong earnings from LaRonde Mine in Quebec, Canada´s largest gold deposit in terms of reserves.



Click chart to enlarge
Chart courtesy of
http://stockcharts.com

2. Junior miners

Tara Gold (TRGD), with a thrilling walk from 0.05 all the way to 1.32! Key explanation: New discoveries and project development.



Click chart to enlarge
Chart courtesy of
http://stockcharts.com

Happy New Year!

quarta-feira, dezembro 27, 2006

Will Copper hold?


Click chart to enlarge
Chart courtesy of
http://stockcharts.com

Copper is very important. After a couple of huge mountains drawn by RSI indicator, we may observe a unique setup of the significant weekly EMA65.

Take also a look to the disproportion of levels between the two moving averages shown in the chart.

sábado, dezembro 09, 2006

Osisko once again


Click charts to enlarge
Charts courtesy of http://stockcharts.com

What a shoot up since August 2004 when the price was just C$0.24!

It is the result of late discoveries in the Canadian Malartic gold deposit, a very promising property 100% owned by the company. Inferred resource is estimated to be around 6.5 million ounces of gold.

Presently, Osisko has only 65,6 million fully diluted shares.

Examine these interesting two years and six months charts.

segunda-feira, novembro 27, 2006

USD by itself

Click chart to enlarge
Chart courtesy of http://stockcharts.com

Awful US Dollar chart and the fundamentals are also extremely troublesome. I think it is only a matter of (not much) time for us to see the green buck reaching 80. That will be a dramatic set up as this level is a long term support and below it is nobody´s land.

Let´s see what will happen and what kind of reaction we may observe on Gold.

sexta-feira, novembro 24, 2006

More Charts


Trying to make this blog more useful, I have displayed more graphics of metal prices and related indicators updated every minute. Now you may follow from here the intraday prices of Gold, Silver, Platinum, Palladium, HUI, USD Index, Copper, Zinc, Nickel and Aluminum.

My goal is to show everything that matters. Thank you for coming here!

domingo, novembro 19, 2006

Tara Gold Resources

Click chart to enlarge
Chart courtesy of
http://stockcharts.com

Tara Gold (TRGD) is a growth-oriented precious metals exploration and development company by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Pilar De Mocoribo and Las Minitas projects in Mexico.

Last week the company bought Don Ramon and Lourdes mineral concessions near Pilar De Mocoribo. Preliminary evaluation indicates that the property lies within a larger area that hosts numerous and very-high grade Pb-Zn-Ag Carbonate (Limestone) hosted deposits.

Tara Gold has initiated La Millonaria Production Plant, which contain an estimated 30,000 tonnes grading of 9.702 g/t gold and 23 g/t silver.

This junior miner is well in action and has very good potential not only on precious metals but also on base metals.

sexta-feira, novembro 10, 2006

Let´s go!

Click chart to enlarge
Chart courtesy of http://stockcharts.com

Trailing the performance of stocks is imperative. On a day like today it is important to notice two gold stocks that closed the week on strength. It is the case of Northern Dynasty (NAK) and Eldorado (EGO).

But they were not alone as Agnico (AEM), Harmony (HMY), Silver Wheaton (SLW), Abcourt (ABI.V), Ivanhoe (IVN), Gold Reserve (GRZ), Miramar (MNG), Eurozinc (EZM), Yamana (AUY), Aurelian (ARU.V), among others, had rallied for the last four weeks.

terça-feira, novembro 07, 2006

Kinross merges with Bema

(www.mineweb.com)

If Toronto’s Kinross Gold (NYSE:KGC) succeeds in its all-share $3.1 billion merger with fellow Canadian Bema Gold, Kinross will move up in the senior ranks of gold producers.

Each Bema common share would be exchanged for 0.441 of a Kinross common share, representing a 34% premium. After the transaction is completed, 61% of new Kinross would be held by Kinross shareholders and 39% by Bema shareholders. If the transaction fails, Bema (NYSE:BGO) would pay Kinross a $Cdn$79 million break fee.

Analysts were not enthusiastic about the prospect of Kinross taking on Bema’s ownership of the Cerro Casale project in Chile. While Cerro Casale is estimated to contain proven and probable resources of 23 million ounces of gold and 6 billion pounds of copper, analyst Mark Smith of Dundee Securities declared “the project’s awfully expensive,” requiring an initial capex of $2 billion. Both Placer Dome and Barrick have decided against developing the project.

sábado, novembro 04, 2006

Northern Dynasty Minerals

Click chart to enlarge
Chart courtesy of http://stockcharts.com

Northern Dynasty (NAK) is advancing the Pebble Project, located in southwestern Alaska, USA, that hosts a world class gold-copper- molybdenum deposit, comprising 22,582 hectares.

The estimated mineral resources in the Pebble East and West deposits are of 54.8 million ounces of gold, 44.7 billion pounds of copper and 2.7 billion pounds of molybdenum.

There is excellent potential to establish significant additional resources with further drilling. Northern Dynasty is now establishing programs in order to integrate this exceptional discovery into an overall mine plan that is optimal for the project.

This an extraordinary project, located on American soil and the company is assessing the merits of building a consortium to permit, finance, construct and operate a modern and long life mine with very substantial annual metal output.

This is the biggest gold discovery ever in North America and majors are already on the race to take over. The first step was already taken last June when Rio Tinto affiliate Kennecott Canada Exploration acquired 9.9% interest in the company.

domingo, outubro 29, 2006

Base metals supercycle remains intact

(http://ft.com/markets/)

The recent strength of base metal prices has confounded the sceptics. Lead, zinc and nickel have all hit all record levels while tin has surged to its highest level since 1989. Such gains have defied the forecasts of many investors who believed that the peak in the cycle for metal prices had passed.

US oil prices have declined by a quarter since early August but base metals have largely resisted crude’s gravitational influence, displaying unexpected price resilience in the face of a US economic slowdown and concerns about its impact on global demand growth.

sábado, outubro 28, 2006

NovaGold says no to Barrick

(www.mineweb.com)

Barrick Gold raised its all-cash bid for Vancouver junior NovaGold by 10.3% to $16 per share Tuesday. The offer values NovaGold at $1.7 billion on a fully diluted basis.

NovaGold has three major assets, including the Donlin Creek project in Alaska in which Barrick is the joint venture partner, with gold resources estimated at 14.8 million ounces, and 100% interest in the Galore Creek project in British Columbia, estimated to have measured and indicated resources of 6 million ounces of gold, 75 million ounces of silver, and 6.8 billion pounds of copper.

However, NovaGold urged its shareholders to take no action at this time. In a news release issued Tuesday, the company said it has achieved “a series of major development milestones on its projects".
Powered By Blogger