Dear CIGAs,
The contemporary wisdom that “bigger is better” has taken a well-deserved beating since the credit crisis unfolded and destroyed some of the world’s largest financial institutions in its wake.
With large-scale project financing options limited or non-existent because of the credit crisis, many of the smaller players in the global mining industry have been forced [...]

Dear CIGAs,
Evaluating the merits and future prospects for a junior exploration company is a highly subjective process. Intangibles such as political risk, financial risk, market risk, commodity risk, technical risk and a host of other variables confront companies across the entire minerals industry spectrum. Nonetheless, no matter what the relative size of the company or [...]

Dear CIGAs,
Talk about a roller coaster ride in the gold market – up strongly overnight, down during the early New York session and then back up again after noon in New York before settling slightly lower on the day. Gold was caught in a crossfire between safe haven buying and a huge, and I do [...]

Dear CIGAs,
Market corrections are never painless but this particular one seems more like a flesh-eating disease, consuming a little bit of the patient (and impatient) every day.
My sense of things is that if we haven’t found a bottom in metal markets yet, we are very close. Supply-demand fundamentals are bound to work their way back [...]

Dear CIGAs,
Here’s a thought provoking article about an M.I.T.trained economist, Krishnamurthy Narayanan,  whose GI Global Opportunities Fund has returned 57% in the past year and 19 per cent (compounded) over the past five years.
For those of you who remain convinced of the long term invincibility of the U.S. dollar, he sounds a note of caution [...]