Wealth Creation Through Natural Resources
One of the things I noticed early on in investing in junior mining equities is that they follow technical patterns fairly well. In other words, the charts are much cleaner indications of investor supply & demand with much less influence … Continued
If I didn’t know better I could have never guessed that crude oil is down nearly 50% in less than a year. The Houston real estate market is white hot with residential listings regularly going for above asking price and … Continued
The EUR/USD currency pair is fast approaching a key technical crossroads : The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also … Continued
US based gold producer Newmont Mining (NEM) has been a serial underperformer in recent years with shares falling more than 70% from its late-2011 all-time high to the December 2014 low. However, things may be on the verge of turning around … Continued
TD Equity Research is out with an update on Continental Gold this morning entitled “CNL:Time to Buy is Now”. The two main kickers in this research report are as follows: TD expects an updated resource estimate in June with an … Continued
The Dow Jones Transports have been putting in a top for the last six months, ever since the parabolic rally of October/November 2014: This is at least the 6th test of the 8500-8600 support/resistance zone since last December and … Continued
After months and months of inventory builds to extreme record levels crude oil has finally begun to see some draws including a surprise 2.2 million barrel draw last week: There are likely to be additional inventory draws over the … Continued
We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date: CNL carved out … Continued
A couple of noteworthy charts from the RBC technical analysis team: Dow theory non-confirmation: Despite the S&P 500 essentially sitting at all-time highs and the TSX Composite resting just below all-time highs we are seeing a lot of … Continued
After being absolutely crushed during the 2nd half of 2014, thus far energy stocks are one of the best performing sectors in 2015. However, that may be about to change as a number of technical factors indicate that the 2015 energy … Continued