Michael Ballanger

Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in Marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger's adherence to the concept of "Hard Assets" allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

Michael Ballanger Articles

Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this...
Each Friday after the markets close, I usually write an end-of-week note covering the COT report which provides a forum for commentary on the outlook for the following week for the metals and the miners and allows me to sound off on events...
Based on the feedback I received over the weekend, I thought a quick follow-up would be in order on the topic of "deviant conundrum" because it was told to me by a wonderfully gifted retired English teacher that I was on the edges of...
One week ago today, I made the following commentary: "Finally, I am officially revisiting the "volatility trade" (VIX: CBOE Volatililty Index) but unlike February where I used the UVXY (ProShares Trust Ultra VIX Short) as my proxy for the...
There was a particularly interesting article from Peter Tenebrarum of The Acting Man blog posted in the GATA forum earlier this week that is probably one of the best summaries of technical conditions for gold which included a really good...
You people know me. You have, over the years, grown to know me as a “Fighter of the GOOD FIGHT”, albeit it flawed and certainly vulnerable to all sorts of criticism whether warranted or not. For years, I have been writing “Gold and Gold...
Firstly, my home town of Toronto was recently hit with a “Mad Driver” that killed ten people and injured fifteen in an absolutely insane illustration of “New Millennium” violence. What was and is instructive about this act is that once...
For me, the greatest asset my dog Fido, a German Rottweiler and French Poodle mix, is his uncanny ability to sense when the gold and silver markets are going to turn. Whenever gold runs into its generally accepted waves of...
To start off, I find it astounding that of all the ways that dictionaries might cite the usage of the word “shenanigans”, they elected to discuss it in its context to the financial industry and how shenanigans have “ruined the fortunes of...
There is a famous quote about short-selling that comes from Olde English business folklore that goes something like this: "He who sells what isn't his'n, Must deliver or goes to prison!"

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Gold was first discovered in U.S. at the Reed farm in North Carolina in 1799, a 17-pound nugget.