Author Archive for PiercePoints by Dave Forest
Dave Forest's analysis on the natural resources sector has been featured on BNN, Kitco.com, Financial Sense and the Daily Reckoning. He has been a recent speaker at conferences in Calgary, Chicago, Las Vegas, Toronto and Vancouver. He is a professional geologist and formerly advised a worldwide client base on oil/gas, mining and renewable energy at Casey Research LLC. Dave currently serves as managing director of Notela Resource Advisors Ltd.
We Interrupt our Regular Program…
As I’m sure you’ve guessed, Pierce Points is on a bit of a vacation….
Another Reason to Keep Watching Asian Coal
I’ve been saying for awhile that Asian coal is the place to be….
This is Unbelievable
Open interest in silver on the Tokyo Commodity Exchange. I know I’ve been harping a lot about this, but the chart just keeps marching unbelievably upward. Over the last two days, open interest jumped another 12%. In fact, there’s hasn’t been a substantial decrease in Japanese Ag open interest in the last six months. Compare [...]
What Do China’s Aluminum Sales Mean?
China has started (slowly) selling its considerable stockpiles of base metals….
Here’s An Unexpected Shale Gas Play
Argentina…
Done Deal
The Bank of Japan today announced specifics for…..
Another Lift for Coal
I’ve been talking a lot about India’s drive for thermal coal. Asian coal is market that’s getting tighter and tighter. And the space is getting an extra lift the last few weeks from soaring Chinese demand. Take a look at the chart below on Chinese coal shipping. Imports have soared as China braces for unusual [...]
The Best of Places, the Worst of Places
I’m back from a week in Asia. One of the highlights was a first-ever stop in Indonesia. A fascinating place culturally and geologically. In fact, while I was in Jakarta the island nation was struck by both a magnitude 7.5 earthquake and a major eruption at Merapi volcano. Indonesia has great potential for both minerals [...]
Guess who Just Spent $117 Billion?
The U.S. bond market is murky these days. Yields have been plummeting. But some of the action is almost certainly due to the Federal Reserve once again buying Treasuries. Since August 19, the Fed has bought $40 billion in government bonds. But the Fed has no influence over foreign buyers of U.S. Treasuries. And these [...]
The Unconventional Gas Red Zone
Great chart from PFC Energy. Presented at an Institute of Energy Economics, Japan seminar last month. The piece shows the “red zones” in global unconventional gas (shale, tight gas, coal bed methane). Comparing the unconventional sector in North America to six unnamed Asian nations (lettered A to F, so as not to hurt any feelings), [...]
