The Canadian Insider blog discusses news and insight found among executive and significant shareholder filings in Canada.

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Diamond pioneer Gren Thomas takes a shine to gold, tin plays

For David Grenville (Gren) Thomas, the big score was the discovery of Diavik by his Aber Resources more than 20 years ago.

Thomas and his partners headed north and got to work in the early days of the staking rush following Chuck Fipke’s 1991 discovery of diamonds in the Northwest Territories. It took a few years, but in 1994 and 1995, Aber discovered the kimberlite pipes that became Diavik, Canada’s second diamond mine. Diavik, still producing, is a joint venture between 60% owner Rio Tinto (RIO*US) and Aber successor Dominion Diamond (DDC) (40%).

With Trump elected, will insider sentiment continue to move higher?

American insiders took advantage of falling share prices in the first week of November to increase their buying. Our INK US Indicator moved up to the 37% level, up from 30% last week. At 37% there are 37 stocks with key insider buying for every 100 with selling. Most encouraging was the uptick in sentiment among Industrials insiders. Our Industrials Indicator was back above 20% on Monday. Typically, when the indicator is below the 20% mark, the sector experiences weakness over the following 6 months.

INK Canadian Insider Index weakens ahead of US election

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index began by bouncing up and off its 20-day moving average toward the 1140 level, only to see its progress halt short of 1137.

Insiders bracing for slower US growth

Throughout the US election campaign, the prevailing chatter in the Canadian media was along the lines that Donald Trump could not possibly win, but in the unlikely event that he did, disaster would be the assured outcome. In fact, there are pockets of the Canadian economy that could win under a Trump administration, particularly if the GOP maintain control of Congress.

INK Canadian Insider Index coiling for run at 1140?

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index made a brief run toward the 1140 area last week but fell short at 1136 and then fell back to its 20-day moving average at 1120. For the week, the Index finished down 7.4 points to close at 1122.04.

Is Poloz willing to sacrifice housing and free enterprise with negative rates?

Updated - includes link to Roundhouse Radio interview. The foundation of a free market is a unfettered price of money: the interest rate that borrowers are willing to pay savers to complete a transaction. In a true free market, this is determined by the interaction between the borrowers and lenders. However, a free market in short-term rates has not existed since the introduction of modern central banking which, through legislation, gives these institutions the power to set overnight rates. More recently, the world's major central banks have been surprisingly successful at manipulating longer-dated interest rates through massive asset purchases or "QE."

Crude oil: setting up for rare buying opportunity

Josef Schachter, President of Schachter Asset Management, sees a combination of tax loss selling and other factors setting crude up for a fabulous imminent buying opportunity at much lower levels than we trade today in the upcoming December/January period. A more than a doubling of Crude Oil prices are in the scenario he illustrates in this interview. 

INK Canadian Insider Index surges, continues sideways consolidation

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index finally found its footing last week, paralleling strength in the TSX Composite Index (which quietly notched a new 2016 high) and in mining stocks which rose 3%. The INK Canadian Insider Index put together an impressive week, as it rocketed 24.3 points or 2.2%, regaining all of its losses over the past 3 weeks.

Poloz forced to admit responsibility in driving up home prices at Senate testimony

Bank of Canada Governor Stephen Poloz admits in testimony before the Senate Committee on Banking, Trade, and Commerce that it is the Bank of Canada's low rates, and not China, that is primarily responsible for inflated housing prices. In refreshing and remarkably direct questioning on October 19, 2016, Committee Chairman David Tkachuk asks, "aren't we at fault for the ease of people getting into a house, and it's driving the prices up?" The central bank chief's answer surprised me. He says it is indeed true.

Weapons of mass deception

Earlier this week in a business comment I upset some media colleagues by saying that we were witnessing not only a major decline in US democracy but also a death blow to the mainstream media as we know it.

Obviously that's a broad generalization, but I think it's valid.


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