Wealth Creation Through Natural Resources
Arena Minerals (AN.V) released drill results from its Jogmec JV which served to further confirm that they have identified a copper porphyry system which they simply have to zero in on with further drilling. Arena plans to spend a combined … Continued
Since topping out above US$4.50/lb in 2011, copper has fallen by more than 50% to a recent low of $1.94/lb. The 5-year copper bear market can be primarily blamed on soft Chinese demand and bloated Chinese copper inventories resulting from … Continued
There’s no doubt that the S&P 500 has formed a mature topping pattern during the last ~18 months: S&P 500 (5-year) Below 1820 there isn’t much support for another 80-90 points, with the 38.2% Fibonacci retracement of the 2011-2015 … Continued
After rallying ~44% in 14 trading sessions the gold miners (GDX) are showing some signs of exhaustion: GDX (Daily) GDX printed a ‘shooting star’ candlestick following what could very well be an ‘exhaustion gap’. A few clues that today’s … Continued
Some stats about the current rally in the gold miners (GDX): +37.50% in 13 trading sessions GDX has gone from 3 sessions dipping below the lower 2-std. deviation Bollinger Band (January 19-21) to 3 consecutive closes above the upper 2-std. … Continued
Cancana JV Poised to Capture Market Share During the Commodity Storm As a result of the global commodities downturn manganese ore production is being cut around the world: UMK cuts manganese ore production by 50% South32’s Q2 manganese ore … Continued
After reaching the lowest levels since 2003 ($27.56) WTI crude oil futures rallied ~26% in 7 trading sessions: WTI Crude Oil (Daily) This week’s rally stopped right at the downtrend drawn from the November peak and previous support from … Continued
While equities have stumbled out of the gate to begin 2016 gold has started the year with a bang, rising by more than 5%. The next big challenge for gold is the 38.2% Fibonacci retracement of the January-December 2015 decline … Continued
During bull markets one of the best places to look for new long ideas is the list of stocks with highest short interest. However, during bear market cycles heavily shorted stocks tend to underperform and sometimes by a wide margin … Continued
U.S. crude oil inventories rose a stunning 8.38 million barrels in the last week to reach 159 million barrels above average for this time of year: Source: Bespoke Ordinarily one would assume that the crude oil price would be … Continued