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Oreninc Index Update: May 23, 2013

Oreninc Index Update: May 23, 2013

Oreninc Index Up During Holiday-Shortened Week

Note: The Oreninc Index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Oreninc Index climbed to a three-week high during the holiday-shortened week ending May 23, 2013.  Total dollars announced was down while brokered dollars announced jumped to a three-week high and the second highest in seven weeks.  Next week will likely be slow with market closures in the United States and United Kingdom.

a1sx2_Original1_Index-Image_May-23.png

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Oreninc Index Update: May 16, 2013

Oreninc Index Update: May 16, 2013

Oreninc Index Falls for Two Consecutive Weeks

Note: The Oreninc index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the 5-week moving average is the grey area.

The Oreninc Index has returned following a one-week hiatus as most of the team traveled to New York City for the Metals & Minerals Investment Conference. Welcome to all of the new subscribers!

The Index fell for two consecutive weeks ending May 9 and May 16, 2013, changing the five-week moving average to its lowest in 2013 and its lowest level since August 2012. The markets remain incredibly soft and as summer and the Canadian exploration season begins, there is no reason to expect a stunning turnaround in the short term.

a1sx2_Original1_Index-Image_May-16.png

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Oreninc Index Update: May 9, 2013

Oreninc Index Update: May 9, 2013

On Hiatus - Metals & Minerals NYCThe Oreninc Index is on hiatus this week while the majority of the Oreninc Team is in New York City for the Metals & Minerals conference. Stop...
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Oreninc Index Update: May 2, 2013

Oreninc Index Update: May 2, 2013

Oreninc Index Jumps to Seven-Week High

Note: The Oreninc Index image below has been inverted from previous weeks. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Canadian resource financing markets continue to slump even as the Oreninc Index reaches a seven-week high during the week ending May 2, 2013. The major driver of this week’s Index was a single large offering. Had that offering not occurred, the week would have been flat. While it is nice to see large companies still being able to raise money, the Index bump is likely not a positive indication for mining juniors.

a1sx2_Original1_Index-Image_May-2.png

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Oreninc Index Update: April 25, 2013

Oreninc Index Update: April 25, 2013

Oreninc Index Falls for Third Straight Week

The markets continue to slump as the Oreninc Index fell for the fourth time in six weeks during the week ending April 25, 2013.  The five- and three-week moving averages both fell to their lowest levels since last August.  Total dollars announced was up from last week, but broker dollars announced fell significantly.  The markets are not rebounding, and banks continue to struggle finding investors for early-stage exploration.

a1sx2_Original1_Index-Image_April-25.png

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