Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted live throughout the day at the top of InvestorsGuru.com . Below is a recap of last weeks movers, prices when posted, the week's high price Wk-H, and recent news:
NYSE
(NYSE: ODP) Office Depot Inc. $5.02 Wk-H: $6.10
- merger talks rally business supply retailers: (ODP) $5.02 +9%, (NYSE: OMX) Office Max $13.00 +21%, (NASDAQ: SPLS) Staples $14.65 +13%
(NYSE: FVE) Five Star Quality Care $6.17 Wk-H: $6.45
- senior living and healthcare services provider Five Star Quality Care Inc. reports Q4 and year end 2012 results
(NYSE: LZB) La-Z-Boy Inc. $17.79 Wk-H: $18.35
- F-2013 Q3 sales: +10.3%, op. inc. +37% to $23.3M, upholstery +12.3%, margin 10.1% vs 9.1%, same-store sales +11.8%, $35.9M generated ending with $112M
(NYSE: DMD) Demand Media $8.43 Wk-H: $9.04
- Demand Media, a digital media and domain services leader, reported Q4 and fiscal 2012 results and a plan to explore separating its business into two public co.'s
(NYSE: SOL) ReneSola Ltd. $2.80 Wk-H: $2.85
- ReneSola Modules Achieve High Scores on Newest Industry Simulator - demonstrates on Spire Corp.'s (NASDAQ: SPIR) State-of-the-Art Flash Tester
NASDAQ
(NASDAQ: RRGB) Red Robin Gourmet Burgers $43.33 Wk-H: $45.88
- Red Robin Gourmet Burgers Announces Retirement of Board Members, Reports Results for the Fiscal Fourth Quarter and Year Ended December 30, 2012
(NASDAQ: HAUP) Hauppauge Digital $1.02 Wk-H: $1.13
- Introduces Two New HD Video Recorders During CES 2013 - HD PVR 2 GE Plus Designed for Advanced Video Gamers While HD PVR 2 Model 1512 is for Media PC
(NASDAQ: CHTP) Chelsea Therapeutics International $1.73 Wk-H: $2.10
- receives FDA guidance for a Northera (Droxidopa) NDA resubmission with study 306B - company to host conference call today at 9:00 AM ET
(NASDAQ: HOLI) Hollysys Automation Technologies $13.53 Wk-H: $14.86
- Hollysys Automation Technologies, a leading provider of automation and control technologies and applications in China, reported unaudited financial results
(NASDAQ: CBMX) CombiMatrix Corporation $6.30 Wk-H: $7.64
- CombiMatrix, a molecular diagnostics lab which offers DNA-based testing for prenatal, pediatric and oncology, to release Q4 and year-end financials Feb. 27
(NASDAQ: PRKR) ParkerVision Inc. $3.56 Wk-H: $4.39
- ParkerVision designs, develops and markets RF communications technologies and received a favorable Markman Order in patent infringement action against Qualcomm
(NASDAQ: SCON) Superconductor Technologies $0.27 Wk-H: $0.28
- STI Conductus 2G HTS Wire Pilot Production Equipment Now Operational; Announces Timing of Q4 and Year-End 2012 Results Conference Call
(NASDAQ: RPRX) Repros Therapeutics $13.45 Wk-H: $14.80
- Repros Reports FDA Recommends Pivotal Study ZA-301 of Androxal(R) to be Completed as Originally Planned
(NASDAQ: MKTG) Responsys Inc. $7.79 Wk-H: $8.04
- Responsys, a leading provider of email and cross-channel marketing solutions, today announced financial results for the quarter ended December 31, 2012
(NASDAQ: EDAP) EDAP TMS S.A. $3.42 Wk-H: $3.89
- EDAP's Ablatherm-HIFU offers reliable therapy for localized prostate cancer - Munich study concludes 15-Yr outcome data may warrant closing of investigational phase
(NASDAQ: PSDV) pSivida Corp. $2.13 Wk-H: $2.58
- pSivida Corp., a leader in developing sustained release drug delivery products for treatment of back-of-the-eye diseases, reported Q2 fiscal year 2013 results
NYSE MKT AMEX
(AMEX: GTE) Gran Tierra Energy $5.76 Wk-H: $6.12
- Gran Tierra Energy Tests 1,984 Barrels of Oil per Day (18.5 Degree API) with Peru Discovery Well
(AMEX: TCX) Tucows (TSX: TC) $1.78 Wk-H: $1.83
- Tucows, a global provider of domain names and internet services, reported continuing strong financial results for Q4 2012 - 11th consecutive Qtr of record revenue
(AMEX: RWC) RELM Wireless Corp. $2.17 Wk-H: $2.17
- RELM Wireless, a U.S. manufacturer of two‑way radios for use by public safety professionals, government and industry, was awarded a Maryland state contract
OTCBB
(OTCBB: SWVI) Swingplane Ventures Inc. $0.57 $0.64 $0.63 $0.81 $0.96 Wk-H: $1.00
- update regarding volatility in stock volume and price; acquisition closed and filing of Super 8K - re: co's Algarrobo Iron Oxide-Copper-Gold Chili property
(OTCBB: LTNC) Labor SMART Inc. $0.58 $0.69 $0.665 Wk-H: $0.82
- Labor SMART 2013 YTD revenue surpasses $1M - expects continued revenue growth with expansion; January revenue +118%, record 2012 revenues of $7.1M
(OTCBB: ADXS) Advaxis Inc. $0.13 Wk-H: $0.14
- Advaxis Announces Phase 1/2 Trial of ADXS-HPV in Anal Cancer Conducted by Brown University Oncology Group
OTCQB
(OTCBB: AAMRQ) AMR Corporation $1.90, $2.52 Wk-H: $2.94
- American Airlines and (NYSE: LCC) US Airways to create a premier global carrier - The New American Airlines
(OTCBB: CNCT) China Teletech Holding $0.0899 Wk-H: $0.4735
- China Teletech, sells pre-paid calling cards and integrated mobile phone handsets and services, added a new sales channel with Global Travelnet
TSX (quote T. and ticker symbol)
(TSX: NRE) Namibia Rare Earths $0.225 Wk-H: $0.23
- More discoveries on Lofdal - two new zones at area 6, one in area 5, higher grades at area 8 Emanya, metallurgical test work on area 4 on-going at Mintek...
(TSX: FTP) Fortress Paper Ltd. $8.20 Wk-H: $9.76
- Announces Appointment of Yvon Pelletier as President of Dissolving Pulp Business; Update on Fortress Specialty Cellulose Mill; Adopts Shareholder Rights Plan
(TSX: SHS) Sophiris Bio Inc. $0.23 Wk-H: $0.25
- Sophiris Bio Inc. Files Registration Statement for Proposed Initial U.S. Public Offering on the NASDAQ
(TSX: SAM) Starcore International Mines $0.215 Wk-H: $0.24
- gold & silver production update for the end of Q2; Starcore to step up exploration drilling
(TSX: SO) Softchoice Corporation $14.80 Wk-H: $15.48
- Softchoice, a leading North American provider of technology solutions and services, announces record Q4 earnings and increases quarterly dividend
(TSX: XSR) Sirius XM Canada Holdings $6.88 Wk-H: $6.96
- country's leading audio entertainment co. and broadcasts more than 120 satellite radio channels featuring premier sports, news, talk & commercial-free music
(TSX: NLN) NeuLion Inc. $0.39 Wk-H: $0.445
- NeuLion, a leading provider of live and on-demand sports to Internet-connected devices, delivers live curling worldwide for Sportsnet World Online
(TSX: SMF) Semafo Inc. $2.80 Wk-H: $2.85
- Semafo, a west Africa gold producer/explorer, reports one million ounces of initial in-pit inferred resources at Siou: 6.7 million tonnes at 4.62 g/t Au
TSX Venture (quote V. and ticker symbol)
(TSXV: AMW) Alpha Minerals $2.41 $2.68 $2.95 $2.83 $2.93 $3.39 $3.70 Wk-H: $3.98
- Alpha Minerals Inc.: 57.5 Meters With High Grade Uranium in Hole PLS 13-038 Located 385 Meters East of Discovery Area
(TSXV: ZEN) Zenyatta Ventures $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 Wk-H: $2.22
- Zenyatta Ventures Ltd. Grants Stock Options; Ultra-High Purity of 99.96% Carbon Yielded from Second Series of Tests on Albany Graphite Samples
(TSXV: LOT) TomaGold Corporation $0.175 $0.225 Wk-H: $0.23
- monitor drilling via the iPhone CoreShack app; TomaGold & Quinto Real Capital (TSXV: QIT) $0.38 +.09 +31% hit 3 high-grade gold intersections at Monster Lake
(TSXV: MMT) Mart Resources $2.00 $2.08 $2.27 Wk-H: $2.31
- Mart Resources Ranked in TSX Venture 50 Again in 2013; UMU-10 well update, initial flow test results 1,943 barrels of oil per day...
(TSXV: KLH) Stellar Biotechnologies $0.54 $0.64 Wk-H: $0.72
- Stellar Biotechnologies Exceeds Aquaculture Capacity Goals; Files Provisional Application for Patent for KLH Adjuvant Innovations
(TSXV: FIS) Fission Energy Corp. $0.91 Wk-H: $0.98
- Fission Energy Corp.: 57.5m of Mineralization At PLS With 11.65m Off-scale On 385m On-Strike Step-out; Acquires Additional Ground South of PLS
(TSXV: VIT) Victoria Gold Corp. $0.22 Wk-H: $0.23
- Yukon Environmental Assessment Board Approves Victoria's Eagle Gold Project; Victoria Acquires Common Shares of (TSXV: BYN) Banyan Gold Corp.
(TSXV: SFF) Seafield Resources Ltd. $0.115 Wk-H: $0.13
- executes $16.5M debt facility with RMB Resources; drills 238.15m at 2.06 g/t Au and 1.82 g/t Ag, incl. 59.2m at 5.72 g/t Au and 3.31 g/t Ag at Miraflores, Colombia
(TSXV: CCB) Canada Carbon Inc. $0.145 Wk-H: $0.17
- Canada Carbon Reports Significant Initial Graphite Grades as High as 49.4%Cg from Grab Samples off the Miller Lump/Vein Property
(TSXV: PRB) Probe Mines Limited $1.75 Wk-H: $1.84
- Probe Mines Announces High Grade Intercepts and Exploration Update - re: the company's Borden Gold project near Chapleau, Ontario
(TSXV: LMD) LED Medical Diagnostics $0.59 Wk-H: $0.62
- LED Medical Diagnostics, a leading developer of LED-based visualization technologies for the medical industry, obtains Frankfurt Stock Exchange listing (LME:FF)
(TSXV: INA) Iona Energy Inc. $0.66 Wk-H: $0.66
- IIROC Trade Resumption; $20 Million Private Placement Financing; Tyne T6 Well Flow Rate
(TSXV: CRE) Critical Elements Corp (OTCBB: CRECF) $0.235 Wk-H: $0.25
- Critical Elements announces Gypsy Swap; non-brokered private placement; discovers extension of JR Zone at 500m west with high grade Tantalite and Lithium
(TSXV: CYY) Coventry Resources Inc. $0.28 Wk-H: $0.29
- Coventry Resources is advancing the Cameron Gold Camp Project, plus exploring other Ontario properties, and has completed a C$6 million offering
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Tuesday, February 26, 2013
Thursday, February 7, 2013
InvestorsGuru.com Breakout Small-Caps: BBRY BlackBerry, SUTR Sutor Technology, AUMN Golden Minerals, tsxv: GXY Galaxy Graphite, ZEN Zenyatta Ventures, AMW Alpha Minerals
Guru Trader Tweet of 6 Notable Market Movers - High Volume, Price Action & News:
NASDAQ:
BBRY BlackBerry $16.43 +$0.38 40m - VA,
SUTR Sutor Technology Group $1.39 +$0.38 747k - %G|YH,
AMEX:
AUMN Golden Minerals Co $3.43 +$0.22 1m - VA|%G|$G,
TSXV:
GXY Galaxy Graphite Corp $0.09 +$0.06 6.3m - VA|%G,
ZEN Zenyatta Ventures Ltd $1.46 +$0.19 1.9m - VA|$G|NH,
AMW Alpha Minerals Inc $2.40 +$0.25 640K - $G|NH,
Top 10: VA Volume Active, %G Percent Gainer or $G Dollar Gainer. YH 52-Week High, NH 10-Year New High, FT@ First Tweeted at price (within a year +/-) - verify or follow live at twitter.com/InvestorsGuru or subscribe to blog.InvestorsGuru.com
Recent News Headlines
- Feb 7/6, (NASDAQ: BBRY)(TSX: BB) BlackBerry - Announces two new board directors; best first day launch by 50% in Canada, by three times in the UK
- Feb 07, (NASDAQ: SUTR) Sutor Technology - China-based man./dist. of high-end fine finished steel products reports Q2 net income +71.4%, revenues +46.3%
- Jan 25/17, (AMEX: AUMN)(TSX: AUM) Golden Minerals - Reports Possible Extensions Of Mineralized Zones At El Quevar, Salta, Argentina; Q4 2012 Production
- Feb 07, (TSXV: GXY) Galaxy Graphite - Discovers High Grade, Large Flake Graphite on Buckingham Project, Quebec
- Feb 05, (TSXV: ZEN) Zenyatta Ventures - Ultra-High Purity of 99.96% Carbon Yielded from Second Series of Tests on Albany Graphite Samples
- Feb 07, (TSXV: AMW) Alpha Minerals - First Drill Holes for Winter Drill Program at PLS Intersect 21m and 37m of Near Surface Uranium Mineralization
We filter today's market movers, then focus on 5 or more small-cap stocks with seemingly positive news and/or technical chart momentum, while excluding one-day-only events such as a buyout. Click symbols above, or Submit any symbol to our Detailed Quote Portal at InvestorsGuru.com, for its stock quote, chart, news, research and to view/post/share comments at any ticker's bulletin board. Sign-up for our Small Cap Stock Observer Newsletter, Featured Stock Profiles & News by Email, and to setup your own My Portfolio, My Watchlist & Alerts and email preferences. Free!
NASDAQ:
BBRY BlackBerry $16.43 +$0.38 40m - VA,
SUTR Sutor Technology Group $1.39 +$0.38 747k - %G|YH,
AMEX:
AUMN Golden Minerals Co $3.43 +$0.22 1m - VA|%G|$G,
TSXV:
GXY Galaxy Graphite Corp $0.09 +$0.06 6.3m - VA|%G,
ZEN Zenyatta Ventures Ltd $1.46 +$0.19 1.9m - VA|$G|NH,
AMW Alpha Minerals Inc $2.40 +$0.25 640K - $G|NH,
Top 10: VA Volume Active, %G Percent Gainer or $G Dollar Gainer. YH 52-Week High, NH 10-Year New High, FT@ First Tweeted at price (within a year +/-) - verify or follow live at twitter.com/InvestorsGuru or subscribe to blog.InvestorsGuru.com
Recent News Headlines
- Feb 7/6, (NASDAQ: BBRY)(TSX: BB) BlackBerry - Announces two new board directors; best first day launch by 50% in Canada, by three times in the UK
- Feb 07, (NASDAQ: SUTR) Sutor Technology - China-based man./dist. of high-end fine finished steel products reports Q2 net income +71.4%, revenues +46.3%
- Jan 25/17, (AMEX: AUMN)(TSX: AUM) Golden Minerals - Reports Possible Extensions Of Mineralized Zones At El Quevar, Salta, Argentina; Q4 2012 Production
- Feb 07, (TSXV: GXY) Galaxy Graphite - Discovers High Grade, Large Flake Graphite on Buckingham Project, Quebec
- Feb 05, (TSXV: ZEN) Zenyatta Ventures - Ultra-High Purity of 99.96% Carbon Yielded from Second Series of Tests on Albany Graphite Samples
- Feb 07, (TSXV: AMW) Alpha Minerals - First Drill Holes for Winter Drill Program at PLS Intersect 21m and 37m of Near Surface Uranium Mineralization
We filter today's market movers, then focus on 5 or more small-cap stocks with seemingly positive news and/or technical chart momentum, while excluding one-day-only events such as a buyout. Click symbols above, or Submit any symbol to our Detailed Quote Portal at InvestorsGuru.com, for its stock quote, chart, news, research and to view/post/share comments at any ticker's bulletin board. Sign-up for our Small Cap Stock Observer Newsletter, Featured Stock Profiles & News by Email, and to setup your own My Portfolio, My Watchlist & Alerts and email preferences. Free!
Wednesday, February 6, 2013
InvestorsGuru.com Breakout Small-Caps: BIOL Biolase, IMUC ImmunoCellular Thera, ZNGA Zynga, PAL N.A. Palladium, tsx/v: EMC Metals, MRN Marengo Mining, PCY Prophecy Coal, MMT Mart Res., CGT Columbus Gold, ETR Eacom Timber
Guru Trader Tweet of 10 Notable Market Movers - High Volume, Price Action & News:
NASDAQ:
BIOL Biolase Inc $3.37 +$0.54 2.9m - %G|YH|FT@ $2.22,
IMUC ImmunoCellular Therapeutics $2.73 +$0.29 2.2m - VA|%G|$G|FT@ $2.45,
ZNGA Zynga Inc. $2.97 +$0.23 90m - VA|FT@ $8.21,
AMEX:
PAL North American Palladium $1.90 -$0.12 5m - VA|%G,
TSX:
EMC EMC Metals Corp $0.08 +$0.045 6.4m - VA|%G,
MRN Marengo Mining $0.165 +$0.02 3.9m - %G,
PCY Prophecy Coal Corp $0.15 +$0.02 1m - %G,
TSXV:
MMT Mart Resources Inc $2.00 +$0.03 2.1m - VA|NH|FT@ $0.68,
CGT Columbus Gold Corp $0.385 +$0.02 .3m - ?,
ETR Eacom Timber Corp $0.26 +$0.015 1.9m - VA,
Top 10: VA Volume Active, %G Percent Gainer or $G Dollar Gainer. YH 52-Week High, NH 10-Year New High, FT@ First Tweeted at price (within a year +/-) - verify or follow live at twitter.com/InvestorsGuru or subscribe to blog.InvestorsGuru.com
Recent News Headlines
- Feb 06, (NASDAQ: BIOL) BIOLASE Receives FDA Clearance for Its 940nm Diolase 10(TM) Diode Soft Tissue Laser for a Broad Spectrum of Medical Procedures
- Feb 04, (NASDAQ: IMUC) ImmunoCellular Therapeutics to Present at BIO CEO & Investor Conference on February 11th
- Feb 05, (NASDAQ: ZNGA) Zynga Reports Fourth Quarter and Full Year 2012 Financial Results
- Feb 06, (AMEX: PAL) North American Palladium to Host Year End 2012 Results Conference Call and Webcast on February 22
- Jan 31, (AMEX: PAL) North American Palladium Reports Excellent Exploration Results from the Second Half of 2012 Drilling at Lac Des Iles
- Feb 06, (TSX: EMC) EMC Settles Dispute with Jervois, Now Controls 100% of Nyngan Scandium Project in Australia
- Feb 06, (TSX: MRN) Yandera Copper-Molybdenum-Gold Project EPC pricing received from China's NFC, Feasibility Study update and interim funding arrangement
- Feb 06, (TSX: PCY) Prophecy Receives Non-Binding Financing Indicative Term Sheet and LOI; (re: Chandgana Tal power plant project in Khentii Province Mongolia)
- Jan 09, (TSXV: MMT) Mart Resources Inc UMU-10 Well Update: Initial Flow Test Results 1,943 bopd; four more tests remain to be done
- Feb 05, (TSXV: CGT) Columbus Gold Announces 5.37 Million Ounce Inferred Gold Resource at Paul Isnard
- Nov-Jan (TSXV: ETR) forms special committee for strategic review; board approves USNR rebuild of Timmins mill, completes Elk Lake upgrades; Q3 financial results
We filter today's market movers, then focus on 5 or more small-cap stocks with seemingly positive news and/or technical chart momentum, while excluding one-day-only events such as a buyout. Click symbols above, or Submit any symbol to our Detailed Quote Portal at InvestorsGuru.com, for its stock quote, chart, news, research and to view/post/share comments at any ticker's bulletin board. Sign-up for our Small Cap Stock Observer Newsletter, Featured Stock Profiles & News by Email, and to setup your own My Portfolio, My Watchlist & Alerts and email preferences. Free!
NASDAQ:
BIOL Biolase Inc $3.37 +$0.54 2.9m - %G|YH|FT@ $2.22,
IMUC ImmunoCellular Therapeutics $2.73 +$0.29 2.2m - VA|%G|$G|FT@ $2.45,
ZNGA Zynga Inc. $2.97 +$0.23 90m - VA|FT@ $8.21,
AMEX:
PAL North American Palladium $1.90 -$0.12 5m - VA|%G,
TSX:
EMC EMC Metals Corp $0.08 +$0.045 6.4m - VA|%G,
MRN Marengo Mining $0.165 +$0.02 3.9m - %G,
PCY Prophecy Coal Corp $0.15 +$0.02 1m - %G,
TSXV:
MMT Mart Resources Inc $2.00 +$0.03 2.1m - VA|NH|FT@ $0.68,
CGT Columbus Gold Corp $0.385 +$0.02 .3m - ?,
ETR Eacom Timber Corp $0.26 +$0.015 1.9m - VA,
Top 10: VA Volume Active, %G Percent Gainer or $G Dollar Gainer. YH 52-Week High, NH 10-Year New High, FT@ First Tweeted at price (within a year +/-) - verify or follow live at twitter.com/InvestorsGuru or subscribe to blog.InvestorsGuru.com
Recent News Headlines
- Feb 06, (NASDAQ: BIOL) BIOLASE Receives FDA Clearance for Its 940nm Diolase 10(TM) Diode Soft Tissue Laser for a Broad Spectrum of Medical Procedures
- Feb 04, (NASDAQ: IMUC) ImmunoCellular Therapeutics to Present at BIO CEO & Investor Conference on February 11th
- Feb 05, (NASDAQ: ZNGA) Zynga Reports Fourth Quarter and Full Year 2012 Financial Results
- Feb 06, (AMEX: PAL) North American Palladium to Host Year End 2012 Results Conference Call and Webcast on February 22
- Jan 31, (AMEX: PAL) North American Palladium Reports Excellent Exploration Results from the Second Half of 2012 Drilling at Lac Des Iles
- Feb 06, (TSX: EMC) EMC Settles Dispute with Jervois, Now Controls 100% of Nyngan Scandium Project in Australia
- Feb 06, (TSX: MRN) Yandera Copper-Molybdenum-Gold Project EPC pricing received from China's NFC, Feasibility Study update and interim funding arrangement
- Feb 06, (TSX: PCY) Prophecy Receives Non-Binding Financing Indicative Term Sheet and LOI; (re: Chandgana Tal power plant project in Khentii Province Mongolia)
- Jan 09, (TSXV: MMT) Mart Resources Inc UMU-10 Well Update: Initial Flow Test Results 1,943 bopd; four more tests remain to be done
- Feb 05, (TSXV: CGT) Columbus Gold Announces 5.37 Million Ounce Inferred Gold Resource at Paul Isnard
- Nov-Jan (TSXV: ETR) forms special committee for strategic review; board approves USNR rebuild of Timmins mill, completes Elk Lake upgrades; Q3 financial results
We filter today's market movers, then focus on 5 or more small-cap stocks with seemingly positive news and/or technical chart momentum, while excluding one-day-only events such as a buyout. Click symbols above, or Submit any symbol to our Detailed Quote Portal at InvestorsGuru.com, for its stock quote, chart, news, research and to view/post/share comments at any ticker's bulletin board. Sign-up for our Small Cap Stock Observer Newsletter, Featured Stock Profiles & News by Email, and to setup your own My Portfolio, My Watchlist & Alerts and email preferences. Free!
Monday, February 4, 2013
Ready, Set, Go-ld Vs. Mining Shares; Uranium Poker & Russia's Tell - InvestorsGuru.com
Gold is the benchmark for metals prices. Gold soared for most of the past decade from around $260/oz. in 2001 to a high of over $1,900/oz. in the fall of 2011. Over this time there were minor corrections every 30-months or so, lasting for a few months before gold trended higher again.
Late summer 2011 gold at $1,923/oz. seemed over-extended and due for another correction—and did. Gold prices pulled back to as low as $1,528/oz. by May 2012, settling at around $1600/oz. or -15% which is not unusual. What does seem unusual is that instead of gold prices correcting for only a few months, this time it has been around 16-months with gold remaining flat at around $1,670/oz. today.
Our September newsletter asked if our chart below indicates that gold and silver is set to rally.
Gold prices did bump-up close to $1,800/oz., and silver to $35/oz. the next month—October. However gold has since settled back into the saddle, range-bound again between $1,600-$1,800/oz. Unless you were an extremely nimble trader, I'd call this more of a false start than a tradable fall rally.
Some technicians may see the above patterns more as Bullish Descending Wedges that can last months, rather than Pendants which generally last a few weeks. If so, a break below gold's $1,600/oz. base might signal a Bearish Reversal, whereas a break above gold's upper $1,800/oz. resistance level might signal a Bullish Continuation—like it did in 2006 and 2008. Whichever way gold moves to eventually break from its pattern could be dramatic—typically wider bases mean bigger moves.
Gold's main fundamental driver continues to be the Debase-Race between the Dollar and the Euro, which shows no signs of letting up anytime soon. Gold bulls might also take comfort in Japan's recent announcement of it's lacing-up to lower the value of the Yen, towards stimulating its own economy.
Will Sleeping Dogs Bark In 2013?
We have mentioned several times how mining shares in general have uncharacteristically under-performed during this metals bull-market. In other words you could have seen better returns by passively holding bullion, or their ETFs, rather than most mining shares.
It's hard to argue with gold returns of around 500%+, or 40%+ annualized, over the last decade. But what's good for gold has always been good for gold mining shares as well. So why not this bull run—is it different this time? Maybe they just haven't broken out yet! You need to weigh your reasoning.
Some believe that scandals like Bre-X Minerals in the 1990's have kept investors away from mining shares. But this is nothing new and affects many industries; names like Enron, Worldcom and Lehman come to mind. Mining markets have always recovered as metals prices cycle higher again.
Bullion ETFs SPDR Gold Trust (NYSE: GLD) and iShares Silver Trust (NYSE: SLV) didn't exist during past secular metals bull-markets. ETFs compete for investor attention and may have liquidity advantages; however bullion, precious metals coins and their certificates have been around forever.
Others point to higher exploration, development and production costs for mining companies. This directly affects profitability and share returns, but does not explain why some of the largest gold companies have never been cheaper—with near-record profits and gold prices.
I could see gold producers P/Es and share prices being constrained somewhat if the overall market was cheaper, but this doesn't even seem to be the case. Here are some major North American indices trailing 12-month P/E ratios: Dow Industrial 15.37, Dow Transportation 18.47, Dow Utility 21.94, Nasdaq-100 16.64, S&P-500 17.92, S&P/TSX Composite 25.60, Russell-2000 31.24.
While most of these major indices don't seem overly expensive, instead of being cheap compared to major miners they actually seem relatively expensive. Here are the trailing P/Es of some of the major gold and other metals producers: Barrick Gold (NYSE: ABX)(TSX: ABX) 9.50, AngloGold Ashanti (NYSE: AU) 12.10, Gold Fields Ltd. (NYSE: GFI) 9.60, Harmony Gold Mining (NYSE: HMY) 8.20, IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) 8.10, Compania de Minas Buenaventura S.A. (NYSE: BVN) 8.60, Freeport-McMoRan Copper & Gold (NYSE: FCX) 11.10, BHP Billiton (NYSE: BHP) 13.60 (world's largest mining company).
So maybe the problem is the future outlook of gold prices? I don't think so; most analysts see record-high gold prices in 2013 or over the next few years. It's hard to believe—with gold prices now over $1,600/oz.—that the S&P/TSX Venture Index was cut in half over the past two-years. The ^TSXV is now at the same level it was back in 2002—when gold prices were around $300/oz.
Conclusion: When rational investors find value, the market tends to recognize this... eventually! After an extended correction, institutions must be eyeing extremely low valuations of gold producers for the turn. But value alone may not be enough for them to act now; they probably want to see gold break solidly above its technical $1,800/oz. resistance level. If, as I believe, this catalyst sparks a major producers rally this year, this usually spills over quickly and gets the juniors barking as well.
Uranium Poker & Russia's Tell
With uranium, investors often have to dig more than usual and even read between the lines in order to get information. This can involve piecing together what utilities and uranium companies are doing, to figuring out what governments might really be planning to do. It's like a game of Texas Hold'em!
For example, it's not uncommon for utilities to sign off-take agreements with uranium producers on undisclosed terms. How can you assess the value of a deal to a uranium company when you might not know the purchase price, quantity, or other key terms—to even the name of the utility?
Predicting what governments will actually do—versus what they say they'll do—can be confusing and costly to investors. Even if they intend to do what they say, will they even be around long enough to do it? Here's a few examples that have affected public perception and uranium's market values:
After Japan's record earthquake and tsunami in March 2011, and the Fukushima Daiichi nuclear plant accident, everyone questioned the safety of nuclear power. Facts such as reliable low-cost energy being produced from nuclear reactors since the 1950's, that the power plant was 40-years old and overdue for safety upgrades, and that not one of the 19,000 killed was by radiation, were ignored.
The Japanese government then shut down all of its reactors and promised to get out of nuclear power. This may be what the public wanted to hear at the time, but didn't anticipate their reaction to higher energy costs and rolling blackouts. Two reactors are already back online and Japan just elected a pro-nuclear government thus this process should accelerate. World-Nuclear.org shows that in addition to Japan's 50 operable reactors, it has 3 under construction, 10 planned and 3 more proposed.
Other nations like Germany shut down reactors and promised to get out of nuclear power. This seems strange considering that Germany didn't have a nuclear accident, is not earthquake prone and doesn't have much shoreline for tsunamis to strike. However, just as Japan should have realized that nuclear power is not the real problem, Germany is now dealing with high power rates and blackouts. More energy is being imported from France—the world's largest exporter of electricity—that gets around 80% of its needs from nuclear power. It will be interesting to see how the German's react at the polls this year when realizing that they are consuming French nuclear power—instead of their own.
It was not surprising to see uranium and uranium stocks fall after Fukushima. However the extent of the fall and how long it has lasted seems unjustified. But again, even when you believe a company, industry, or a commodity is deeply undervalued, a catalyst is often needed to spark a rally.
Uranium's Next Catalyst—Pick Any Playable Starting Hand:
AKs - Many uranium-mining projects worldwide are not economical at current prices. Either the price of uranium has to go up soon, or mines will keep closing. Most of the largest uranium developments that have been deferred recently will remain that way until uranium prices double.
JJ - The growth fundamentals for nuclear power and uranium demand have never looked better. There are more nuclear reactors planned now than even before Fukushima. Globally there are 435 reactors now operable with 167 planned and 317 more proposed.
QQ - Valuations must be low—the big players seem to be positioning for higher uranium prices. For example, China has been stockpiling in preparation for its new reactors. While most juniors are scrambling to raise or preserve cash, major producers and utilities are still spending. Paladin Energy (TSX: PDN) just received the final tranche of a $200M prepayment for a long-term supply contract with Électricité de France (world's largest nuclear utility). Cameco Corp. (NYSE: CCJ)(TSX: CCO) just completed buying uranium trader NUKEM Energy, plus $430M for Yeelirrie in Australia.
KK - Increased M&A activity recently may be signalling a bottom. The hot uranium market prior to Fukushima saw 7-transactions over 4-years, versus 9-transactions over the last 2-years. Our past newsletters discussed the CA$654M takeover battle between Cameco and Rio Tinto (NYSE: RIO) for Hathor Exploration. Just last month Denison Mines (TSX: DML)(AMEX: DNN) announced its intention to buy Fission Energy (TSXV: FIS), and Uranium One Inc. (TSX: UUU) agreed to go private via a buyout by its Russian majority shareholder ARMZ.
AA - The global uranium supply deficit will get worse. Excess supply from Japan and others after Fukushima is drying up. The world mines 140Mlbs. but consumes 180Mlbs. annually. Most of this deficit has been filled for years by converting HEU from Russian nuclear warheads to LEU fuel. The Megatons to Megawatts program is scheduled to end this year, removing around 25Mlbs. annually.
Wildcards - With Japan's pro-nuclear government winning by a landslide, how quickly will it's large operable fleet of reactors be put back online, and planned reactors built? How will Germany vote this year? Will the public's perception of nuclear power improve there and elsewhere, as a result of using more coal and other dirty fuels, higher energy rates, and blackouts?
Now Let's Play Some Poker!
Think about the AA and KK scenarios. Russia's state-owned JSC Atomredmetzoloto (ARMZ) is taking Uranium One Inc. private by buying the other half it doesn't already own. My read is that if they felt that uranium prices might head even lower, why not just wait—they already own a controlling interest, making it unlikely someone else would make a move? Why now?
How much is uranium's $44lb. spot, or even $60lb. long-term price, factoring in the world's increasing supply deficit after the Megatons to Megawatts HEU program ends in November? Perhaps the market thinks this is just a bluff to talk up uranium prices—that the program could simply be extended—not unlike OPEC talking up oil prices with threatened cuts, followed by no real supply changes.
All indications are that the HEU program will end this year. Russian nuclear power is expanding, with 10 reactors now under construction to be online within 3-years, with 28 more reactors planned. Even if they could extend the HEU program, they likely need to hold-on to these uranium supplies. Actions speak louder than words and perhaps the Uranium One buyout and other purchases are Russia's tell.
Uranium Mining Companies
Many analysts are bullish again on the uranium space and see a new renaissance underway. Our website's homepage and Reports tab Contributed Content section post interesting articles daily on a variety of resource companies. Last week Cantor Fitzgerald analyst Rob Chang was interviewed in The Energy Report posted under the title: Is 2013 a Catalyst Year for the Uranium Market?, where he identifies 16 uranium companies on the verge of big breakthroughs, including a few takeover candidates.
Nuclear power continues to be the practical solution for a growing world that needs abundant, reliable, low-cost and environmentally safe energy. We've been writing about its advantages and the fundamental long-term growth prospects of uranium and uranium mining companies for two-years. For more on 11 uranium companies we follow, read the January 22, 2013 InvestorsGuru.com interview in The Energy Report by Streetwise Reports—also posted at our website under the title: Uranium: Energy Solution and Risk-On Opportunity.
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote and comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
Late summer 2011 gold at $1,923/oz. seemed over-extended and due for another correction—and did. Gold prices pulled back to as low as $1,528/oz. by May 2012, settling at around $1600/oz. or -15% which is not unusual. What does seem unusual is that instead of gold prices correcting for only a few months, this time it has been around 16-months with gold remaining flat at around $1,670/oz. today.
Our September newsletter asked if our chart below indicates that gold and silver is set to rally.
Gold prices did bump-up close to $1,800/oz., and silver to $35/oz. the next month—October. However gold has since settled back into the saddle, range-bound again between $1,600-$1,800/oz. Unless you were an extremely nimble trader, I'd call this more of a false start than a tradable fall rally.
Some technicians may see the above patterns more as Bullish Descending Wedges that can last months, rather than Pendants which generally last a few weeks. If so, a break below gold's $1,600/oz. base might signal a Bearish Reversal, whereas a break above gold's upper $1,800/oz. resistance level might signal a Bullish Continuation—like it did in 2006 and 2008. Whichever way gold moves to eventually break from its pattern could be dramatic—typically wider bases mean bigger moves.
Gold's main fundamental driver continues to be the Debase-Race between the Dollar and the Euro, which shows no signs of letting up anytime soon. Gold bulls might also take comfort in Japan's recent announcement of it's lacing-up to lower the value of the Yen, towards stimulating its own economy.
Will Sleeping Dogs Bark In 2013?
We have mentioned several times how mining shares in general have uncharacteristically under-performed during this metals bull-market. In other words you could have seen better returns by passively holding bullion, or their ETFs, rather than most mining shares.
It's hard to argue with gold returns of around 500%+, or 40%+ annualized, over the last decade. But what's good for gold has always been good for gold mining shares as well. So why not this bull run—is it different this time? Maybe they just haven't broken out yet! You need to weigh your reasoning.
Some believe that scandals like Bre-X Minerals in the 1990's have kept investors away from mining shares. But this is nothing new and affects many industries; names like Enron, Worldcom and Lehman come to mind. Mining markets have always recovered as metals prices cycle higher again.
Bullion ETFs SPDR Gold Trust (NYSE: GLD) and iShares Silver Trust (NYSE: SLV) didn't exist during past secular metals bull-markets. ETFs compete for investor attention and may have liquidity advantages; however bullion, precious metals coins and their certificates have been around forever.
Others point to higher exploration, development and production costs for mining companies. This directly affects profitability and share returns, but does not explain why some of the largest gold companies have never been cheaper—with near-record profits and gold prices.
I could see gold producers P/Es and share prices being constrained somewhat if the overall market was cheaper, but this doesn't even seem to be the case. Here are some major North American indices trailing 12-month P/E ratios: Dow Industrial 15.37, Dow Transportation 18.47, Dow Utility 21.94, Nasdaq-100 16.64, S&P-500 17.92, S&P/TSX Composite 25.60, Russell-2000 31.24.
While most of these major indices don't seem overly expensive, instead of being cheap compared to major miners they actually seem relatively expensive. Here are the trailing P/Es of some of the major gold and other metals producers: Barrick Gold (NYSE: ABX)(TSX: ABX) 9.50, AngloGold Ashanti (NYSE: AU) 12.10, Gold Fields Ltd. (NYSE: GFI) 9.60, Harmony Gold Mining (NYSE: HMY) 8.20, IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) 8.10, Compania de Minas Buenaventura S.A. (NYSE: BVN) 8.60, Freeport-McMoRan Copper & Gold (NYSE: FCX) 11.10, BHP Billiton (NYSE: BHP) 13.60 (world's largest mining company).
So maybe the problem is the future outlook of gold prices? I don't think so; most analysts see record-high gold prices in 2013 or over the next few years. It's hard to believe—with gold prices now over $1,600/oz.—that the S&P/TSX Venture Index was cut in half over the past two-years. The ^TSXV is now at the same level it was back in 2002—when gold prices were around $300/oz.
Conclusion: When rational investors find value, the market tends to recognize this... eventually! After an extended correction, institutions must be eyeing extremely low valuations of gold producers for the turn. But value alone may not be enough for them to act now; they probably want to see gold break solidly above its technical $1,800/oz. resistance level. If, as I believe, this catalyst sparks a major producers rally this year, this usually spills over quickly and gets the juniors barking as well.
Uranium Poker & Russia's Tell
With uranium, investors often have to dig more than usual and even read between the lines in order to get information. This can involve piecing together what utilities and uranium companies are doing, to figuring out what governments might really be planning to do. It's like a game of Texas Hold'em!
For example, it's not uncommon for utilities to sign off-take agreements with uranium producers on undisclosed terms. How can you assess the value of a deal to a uranium company when you might not know the purchase price, quantity, or other key terms—to even the name of the utility?
Predicting what governments will actually do—versus what they say they'll do—can be confusing and costly to investors. Even if they intend to do what they say, will they even be around long enough to do it? Here's a few examples that have affected public perception and uranium's market values:
After Japan's record earthquake and tsunami in March 2011, and the Fukushima Daiichi nuclear plant accident, everyone questioned the safety of nuclear power. Facts such as reliable low-cost energy being produced from nuclear reactors since the 1950's, that the power plant was 40-years old and overdue for safety upgrades, and that not one of the 19,000 killed was by radiation, were ignored.
The Japanese government then shut down all of its reactors and promised to get out of nuclear power. This may be what the public wanted to hear at the time, but didn't anticipate their reaction to higher energy costs and rolling blackouts. Two reactors are already back online and Japan just elected a pro-nuclear government thus this process should accelerate. World-Nuclear.org shows that in addition to Japan's 50 operable reactors, it has 3 under construction, 10 planned and 3 more proposed.
Other nations like Germany shut down reactors and promised to get out of nuclear power. This seems strange considering that Germany didn't have a nuclear accident, is not earthquake prone and doesn't have much shoreline for tsunamis to strike. However, just as Japan should have realized that nuclear power is not the real problem, Germany is now dealing with high power rates and blackouts. More energy is being imported from France—the world's largest exporter of electricity—that gets around 80% of its needs from nuclear power. It will be interesting to see how the German's react at the polls this year when realizing that they are consuming French nuclear power—instead of their own.
It was not surprising to see uranium and uranium stocks fall after Fukushima. However the extent of the fall and how long it has lasted seems unjustified. But again, even when you believe a company, industry, or a commodity is deeply undervalued, a catalyst is often needed to spark a rally.
Uranium's Next Catalyst—Pick Any Playable Starting Hand:
AKs - Many uranium-mining projects worldwide are not economical at current prices. Either the price of uranium has to go up soon, or mines will keep closing. Most of the largest uranium developments that have been deferred recently will remain that way until uranium prices double.
JJ - The growth fundamentals for nuclear power and uranium demand have never looked better. There are more nuclear reactors planned now than even before Fukushima. Globally there are 435 reactors now operable with 167 planned and 317 more proposed.
QQ - Valuations must be low—the big players seem to be positioning for higher uranium prices. For example, China has been stockpiling in preparation for its new reactors. While most juniors are scrambling to raise or preserve cash, major producers and utilities are still spending. Paladin Energy (TSX: PDN) just received the final tranche of a $200M prepayment for a long-term supply contract with Électricité de France (world's largest nuclear utility). Cameco Corp. (NYSE: CCJ)(TSX: CCO) just completed buying uranium trader NUKEM Energy, plus $430M for Yeelirrie in Australia.
KK - Increased M&A activity recently may be signalling a bottom. The hot uranium market prior to Fukushima saw 7-transactions over 4-years, versus 9-transactions over the last 2-years. Our past newsletters discussed the CA$654M takeover battle between Cameco and Rio Tinto (NYSE: RIO) for Hathor Exploration. Just last month Denison Mines (TSX: DML)(AMEX: DNN) announced its intention to buy Fission Energy (TSXV: FIS), and Uranium One Inc. (TSX: UUU) agreed to go private via a buyout by its Russian majority shareholder ARMZ.
AA - The global uranium supply deficit will get worse. Excess supply from Japan and others after Fukushima is drying up. The world mines 140Mlbs. but consumes 180Mlbs. annually. Most of this deficit has been filled for years by converting HEU from Russian nuclear warheads to LEU fuel. The Megatons to Megawatts program is scheduled to end this year, removing around 25Mlbs. annually.
Wildcards - With Japan's pro-nuclear government winning by a landslide, how quickly will it's large operable fleet of reactors be put back online, and planned reactors built? How will Germany vote this year? Will the public's perception of nuclear power improve there and elsewhere, as a result of using more coal and other dirty fuels, higher energy rates, and blackouts?
Now Let's Play Some Poker!
Think about the AA and KK scenarios. Russia's state-owned JSC Atomredmetzoloto (ARMZ) is taking Uranium One Inc. private by buying the other half it doesn't already own. My read is that if they felt that uranium prices might head even lower, why not just wait—they already own a controlling interest, making it unlikely someone else would make a move? Why now?
How much is uranium's $44lb. spot, or even $60lb. long-term price, factoring in the world's increasing supply deficit after the Megatons to Megawatts HEU program ends in November? Perhaps the market thinks this is just a bluff to talk up uranium prices—that the program could simply be extended—not unlike OPEC talking up oil prices with threatened cuts, followed by no real supply changes.
All indications are that the HEU program will end this year. Russian nuclear power is expanding, with 10 reactors now under construction to be online within 3-years, with 28 more reactors planned. Even if they could extend the HEU program, they likely need to hold-on to these uranium supplies. Actions speak louder than words and perhaps the Uranium One buyout and other purchases are Russia's tell.
Uranium Mining Companies
Many analysts are bullish again on the uranium space and see a new renaissance underway. Our website's homepage and Reports tab Contributed Content section post interesting articles daily on a variety of resource companies. Last week Cantor Fitzgerald analyst Rob Chang was interviewed in The Energy Report posted under the title: Is 2013 a Catalyst Year for the Uranium Market?, where he identifies 16 uranium companies on the verge of big breakthroughs, including a few takeover candidates.
Nuclear power continues to be the practical solution for a growing world that needs abundant, reliable, low-cost and environmentally safe energy. We've been writing about its advantages and the fundamental long-term growth prospects of uranium and uranium mining companies for two-years. For more on 11 uranium companies we follow, read the January 22, 2013 InvestorsGuru.com interview in The Energy Report by Streetwise Reports—also posted at our website under the title: Uranium: Energy Solution and Risk-On Opportunity.
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote and comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
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