High on the Hog

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Nicholas Winton runs gohht.com and is an independent Toronto-based stock researcher and forecaster. His objective is to identify resource companies that have a high degree of upside or downside potential within specified time frames. To build his forecasts, Nicholas analyzes stocks and commodities using his proprietary forecasting tools. The key driver of his process are "Alpha Signals" which generate a window of time forecast when moves are anticipated to occur. Nicholas also uses sentiment and insider behaviour to further enhance his selection and decision-making process.
 
Through Hedgehogtrader.com Nicholas publishes a number of resource advisory newsletters available by subscription including his flagship publication, Hedgehog Trader Newsletter and his micro-cap newsletter Hedgehog High Roller. Nicholas provides custom consulting work for investment funds and high net-worth individuals pursuing growth situations. You can follow Nicholas on twitter where he often posts comments on gold and silver along with market predictions.

Cobalt's new highs and M&A: Do they point to an energy metals opportunity?

A brief uranium note before we start this blog: a couple of weeks ago, I pondered whether uranium was oversold enough for a big rally. Since then, we've seen some positive signs. First, Uranium Participation (U) the tracking stock for the price of uranium climbed to a 3-week high. And Cameco (CCO) the world's largest uranium producer looks to be carving a bottom and has held its ground in the $12 area for about 2 weeks. As well, Nexgen (NXE) shares have made an impressive U-turn in the past few days. But we don't have an all-clear signal just yet. That's because the uranium sector needs Cameco to take the sector lead (and cross above its 200-day average) ahead of any uranium sector rally, so it's a stock worth watching closely. Finally, junior producer Uranium Energy Corp (UEC*US) which I wrote about in that blog, received confirmation this week that they will be added to the Russell 3000 Index later this month (as well as either the Russell 2000 or Russell 1000).

Canadian Insider Index tumbles 2.5%, falls below 200-day moving average

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. What a difference a week makes. Not surprisingly, the Index ended its period of low volatility and its tight trading range once the Federal Reserve hiked rates 0.25% last week. The INK CIN which had displayed signs of building bullish momentum in weeks prior, stumbled hard last week and, on its way down, sliced easily through its 200-day moving average support at 1161.80. The Index came to rest at 1149.79, near the lows of the week, for a loss of 30 points or 2.5%.

INK Canadian Insider Index sees momentum rise

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had another seemingly quiet week as it managed to add 9 points as it closed at 1183.90.

INK Canadian Insider Index 'Bull-Bear Battle' awaits June resolution

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 foray that was turned back at the 50 and 20-day moving averages (1182-3) and otherwise looked pretty flat during the Victoria Day-shortened trading week. The INK CIN closed at 1175, for a small 3.9 point decline.

INK Canadian Insider Index rejected at 1200, falls 9 points

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index looked to be building up a healthy head of steam in our last update. Its newly acquired momentum helped it charge toward the 1200 level, but the major resistance zone swatted the Index away with ease, and the INK CIN endured a quick free-fall to its 200-day moving average at 1157. The Index ended up bouncing 20 points at week's end to finish at 1178.90 for a loss of 9 points on the week.

Bombed out miners begin to outperform metals, hint at rebound

For resource investors, the last few weeks have been downright treacherous. Gold has been ravaged, plunging nearly $80 an ounce since its April highs. Platinum is almost 13% off its highs. Oil has fared even worse, slipping 17% in two months. And lest we forget, silver has fallen a record 15 days straight, with a current loss of 14%.

INK Canadian Insider Index: bottomed and ready for blast-off?

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index continues to show signs of emerging from its recent slumber, and, indeed, last week bounded as high as 1201 where its upper Bollinger bands kept it in check. And though The INK CIN dipped slightly on Thursday and Friday, it managed to avoid even a single touch of its 50-day moving average (1181) the entire stretch and managed to add 6 points.

INK Canadian Insider Index: is Bollinger bounce bullish?

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index bearishly broke below its 1180 support (which held strong since late March) as well as its lower Bollinger band at 1179, reaching an intraday low of 1163.90. However, the Index rose over 1% on Friday and mustered enough strength to close the week at 1182, regaining that key support level. The Index enjoyed a moral victory as it closed down just 4 points from the previous week.

INK Canadian Insider Index Turned Back at 1200

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index bounced as high as 1200, but was neither able hold steady there nor the 1190 level and finally submitted to a 3-point loss to end the proceedings at 1186.

INK Canadian Insider Index consolidates near 20-day moving average

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index dipped 6 points to close at 1189 (just below its 20-day moving average of 1191).

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