U.S. Gas: Futures Rise

Source: Matt Day, Dow Jones Newswires (10/26/10)

"Nat gas futures climb on bargain buying after falling to 13-month lows."

Natural gas futures climbed Tuesday on bargain buying after falling to 13-month lows.

Natural gas for November delivery rose 8.3 cents, or 2.5%, to $3.400 a million British thermal units on the New York Mercantile Exchange. The benchmark contract has settled lower for three consecutive days, setting 13-month lows. Futures have posted losses in 10 of the last 12 weeks, and prices have been supported at times after setting new lows as industrial users buy at bargain prices.

Futures were also supported Tuesday as traders who had made bets that gas prices would fall bought back those positions ahead of the November contract's expiration. The contract's last trading day is Wednesday.

Market participants have spent recent weeks weighing whether a seasonal rally is imminent, or if high supplies and downward momentum would push the market to new lows. Futures typically rise in anticipation of winter's heating demand, but high supplies and temperate weather have stifled attempts at a seasonal rally so far.

While traders were likely taking the opportunity Tuesday to square their books ahead of the benchmark contract's expiration, that doesn't necessarily signal a new upward trend in prices, said Julio Sera, a broker with Hencorp Futures. Analysts say the market's momentum still leaves open the possibility of new lows.

"There's no real case for an established bottom here," Sera said.

Forecasters are expecting a colder-than-normal December for the major gas-consuming areas in the northern U.S., which could lead to large drawdowns in gas inventories prove very supportive for prices.

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Source: Streetwise Reports (07/13/2020)

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"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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