Wealth Creation Through Natural Resources
Via Buddha Base Camp: Dude, how do you do what you do? This is by far the most common question I get from people upon returning from an adventure. People generally want to know how to travel and experience cool … Continued
Some key points courtesy of Cantor Fitzgerald Metals & Mining team: Kyushu Electric Power Co. has announced that it will resume operations at its Sendai nuclear power plant at 10:30am on August 11 (9:30pm eastern time tonight). o … Continued
“Dumb money” futures traders (small speculators) piled on bearish bets in gold futures during the week ending August 4th: Small specs increased their net bearish position in gold futures by more than 50% in a single week! The net notional short … Continued
The summer of 2015 will go down as one of the worst summers in history for the gold mining sector. Many gold producers have seen their share prices cut in half since May and it’s safe to say that investor … Continued
Nothing scientific here, just letting my thoughts flow. Gold has been battered since its May peak at $1232/oz, falling more than 10% and hardly exhibiting any signs of life while doing so. Futures speculators have piled into short positions at … Continued
After putting in a very rare ‘quadruple top’ during the past several months AAPL has suffered its steepest decline since at least 2012: AAPL became deeply oversold at Wednesday’s open and buyers have since stepped in. A rebound up to … Continued
Gold is at an interesting crossroads. Sentiment couldn’t be much worse and the technical picture is putrid. However, we are entering what has historically been by far the most bullish 5 week stretch of the year historically: The clear bullish … Continued
Via Bespoke: The chart is pretty self explanatory, but nonetheless stunning. It hasn’t been this bad for commodities since the post-dotcom crash recession, and in many ways it’s much worse than it was in 2002. A few takeaways from … Continued
The latest CFTC Commitments of Traders Data shows that as of Tuesday’s close (7/28/2015) dumb money gold futures speculators (small specs) held the largest net notional short position in history: The small speculators net short position totals 9,199 contracts … Continued
An interesting dynamic has taken shape in gold in recent weeks. As price has continued to oscillate in a roughly $30 range between $1075 and $1105 sentiment has further deteriorated, here is a small sampling of some of the headlines … Continued