Chart Review: Gold’s Upward Trend Revs Up Again As Chinese Demand Soars

The gold bubble continues to “unpop.” In fact, as it turns out, the recent dip in gold was just a pullback to trend. This three-year weekly chart puts some perspective on the recent pullback. Source: stockcharts.com While gold skeptics were declaring that gold’s “bubble” had popped again, the Chinese were busy scooping up the yellow … Read more

Molycorp Delivers Strong Guidance Ahead of Earnings This Week

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Mark Smith, CEO of rare earth miner and producer Molycorp (MCP), appeared on CNBC again to discuss his company’s business and conditions in the industry. Smith provided an interesting “sneak peak” … Read more

Great Western Minerals Follows Investor Advice to Finance with Share Offering

During a conference call on September 14th, investors urged Great Western Minerals Group (GWMGF.PK) President and CEO Jim Engdah to fill the company’s financing needs with a share offering. They preferred dilution to the potential of selling the company short in an offtake deal. They insisted time was of the essence while the stock was … Read more

Yen Intervention Just As Dollar’s Relief Rally Ends and Gold’s “Bubble” Unpops

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) The U.S. dollar was one of last week’s biggest losers during a very bullish week. As I have chronicled for several weeks now, the market’s bullish signals continue to grow. With … Read more

Chart Review: Molycorp On Edge of Another Big (Downward?) Move

Rare earth producer Molycorp (MCP) appears to be on the edge of another big move. A Bollinger Band squeeze is again forming around the stock. A squeeze occurs as volatility decreases, and it typically leads to a burst of higher volatility in the form of a strong move up or down. The chart below uses … Read more

A Review of the Commodities Crash Playbook As Another Phase of Selling Ends

This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Commodities across the board have suffered mightily during the stock market’s recent correction. In the first phase of the sell-off (from late July to early August), a few commodity-related stocks triggered buys by erasing all … Read more

Buying Opportunity Brewing for Gold and Silver As Dollar Picks Up Steam

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The U.S. dollar confirmed yet again the importance of its 200-day moving average (DMA). I updated my review of this case two weeks ago by demonstrating in detail how the dollar sustains moves both above … Read more

JP Morgan Reduces Upside Target on Molycorp from 100% to 25%

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On Tuesday, September 20, a JP Morgan (JPM) analyst slashed his price target on rare earth producer Molycorp (MCP) from $105 to $66. This reduction in upside from 100% to 25% helped plunge MCP to … Read more

Chart Review: Google Hits Resistance, Freeport Mcmoran Makes New 2011 Lows

Many technology stocks have rebounded sharply off their August lows. Stocks like Amazon (AMZN) and Apple (AAPL) have even managed to register fresh all-time highs in the past week. On the other hand, Google (GOOG) has gone nowhere in about two years and now faces overhead resistance yet again. In today’s trading, GOOG was turned … Read more