Technical Analyst Successfully Forecasts Encanto Price Breakout
SOURCE:[Growth Stocks Investor] On Friday March 15, Richard Reinhard, an accomplished technical analyst we follow closely, reported that shares of Encanto Potash (EPO), which traded at recent lows of $0.22, were "Breaking Out", as shares ticked up by 2 cents to close at $0.255 on Friday. Then on Monday, his update concluded that "Breakout confirmed" with shares closing at $0.275. On Wednesday, shares traded as high as $0.345 by mid-day after EPO announced government support for its Muskowekwan potash project. Technical predictions do work. Full Article
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| Picking a Junior Gold Company in a Bad Market
SOURCE:[Ahead of the Herd] - The current investment market for junior gold companies is arguably one of the worst since the United States went off the Gold Standard in 1971. Despite the current high price of gold (and many other commodities), investors have almost abandoned the junior gold mining sector to invest in physical bullion, ETF's, and producing companies. In 2013 I expect to see the equity market in the junior gold sector begin to correct itself and investors should currently be taking advantage of the investment opportunities resulting from the severely beat up junior sector.
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| Mining Industry Trends and What They Really Mean
SOURCE:[Lawrence Roulston] - Mining industry news of late has been dominated by massive write-downs: $6.5 billion for Barrick; Kinross added $3.2 billion to the $2.5 billion written off last year on its West Africa operations; in total, the mining industry wrote off $50 billion last year. The write-offs follow a shopping spree over the past few years that saw all of the top-tier majors making aggressive acquisition aimed at growing the size of their businesses. Higher operating expenses in the face of softening metal prices slashed operating margins, emphasizing that the companies had grossly overpaid for those acquisitions. Those deals were done by management teams who were committed to growing for the sake of growth.
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| Dynamic Funds Manager Rob Cohen Imagines a Gold-Centric World
SOURCE:[The Gold Report] - Robert Cohen Robert Cohen, lead portfolio manager with Dynamic Funds, has been kicking up dust at conferences and in board rooms with his "revolutionary and simple" idea that gold mining companies should hold gold on their balance sheets and use gold-based loans. But the idea is gaining traction and he suggests in this Gold Report interview from the Prospectors & Developers Association of Canada conference that management teams and investors alike would do well to question their use of U.S. dollars as a functional currency.
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| | March 20, 2013
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