Junior gold miners, as shown with the VanEck Junior Gold Miners ETF, are finally following the gold price action and started its own strong upward trend by breaking the (green) resistance, with the subsequent pullback confirming it as new support and starting to accelerate upwards (“thrust“).
“Gold has definitively broken out of the range it‘s been stuck in since the start of this decade, reaching a record $2,195 per troy ounce this month. While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line. Fresh records beckon.“ (Source:...
While gold continues to trade at record highs, gold exploration and mining stocks have finally started to appreciate as well, albeit somewhat slower than many have expected. However, the underperformance of gold stocks relative to a rising gold price is a phenomenon which is not uncommon, in particular in the beginning (and also in the final phases) of a bull market.
Though still flying under the radar for many investors, Prospera Energy Inc. is proving to be a rising star in the oil and gas industry. The restructured company is making waves with its strategic approach to oil production and significant achievements under the leadership team. With a current market capitalization of $38 million and 2022 year-end reserve value of...
Light Crude Oil Futures corrected sharply at the end of 2023, however finding strong support levels from which a new upward trend may start. As long as the green trendline acts supportive, a longer-term buy-signal is active.
The copper price in USD per ton since 2015 is rising within an upward (green) trend-channel with consolidations (red) followed by strong acceleration phases (yellow) suggesting that the correction since 2021 is coming to an end and that a new strong price increase is poised to start once the red resistance is broken and transformed into new support. Analysts in...
Comparing 5 Australian high-purity silica sand stocks: Metallica Minerals Ltd., Diatreme Resources Ltd., VRX Silica Ltd., Industrial Minerals Ltd., Australian Silica Quartz Group Ltd.
Comparing the performance of 3 high-purity silica sand stocks from the United States and Canada: U.S. Silica Holdings Inc., Homerun Resources Inc. and Canadian Premium Sand Inc.
In mid-January 2023, Homerun Resources Inc. (TSX.V: HMR) announced to focus on the global silica market: "The Company will continue to focus on its Tatooine Silica Project in British Columbia, Canada and on the evaluation and acquisition of more mature projects in the global silica sector. High-purity silica is the input material for multiple value-added advanced...
The WTIC Oil Price looks bullish after the successful breakout above the red resistance and the subsequent classical pullback to the current support levels which leads to the anticipation of a final impulse movement to the upside (above HKEX:113 horizontak resistance and above HKEX:120 resistance of previous breakout).
Since 2003, the copper price has been outperforming other industrial metals such as zinc, lead, nickel and aluminium.
The share price of Core Assets Corp. (CSE: $CC) experienced a strong upward trend between August 2021 and May 2022, rising from 7.5 cents to 83 cents (11-fold), whereafter a consolidation occured, reaching 23 cents most recently and last trading at 25 cents.
Ready for Lift-Off 2.0: Gold stocks have been pulling back since beginning of 2023 but this looks like the final pullback before lift-off similar to price action 2018-2020
The US Dollar Index looks bearish having reached major resistance recently
$ZAIR on the CSE at the end of a massive, multi-year triangle formation, indicating a possible thrust to the upside in the making.
Although in a downtrend, silver in EUR and CHF have been performing relatively strongly against the appreciating USD Index. When is the USD Index peaking and when is silver bottoming? Looks like we are close...
Looks like 2007-2011 all over again! Ripe for a double now
While gold is already at its triangle apex, silver has a bit further to go... Massive Breakout in early 2020 followed by a classical Pullback, almost done. Beware of fake-breakout to downside, otherwise looks bullish for the final thrust to the upside.