Something Doesn’t Add Up
Since the odds of a Fed rate hike at its December meeting shot up above 80% gold has actually outperformed the S&P 500: Gold vs. S&P 500 since November 20th This outperformance is widening further today as … Continued
3000 Metre Reverse Circulation Drill Program Begins Over the Paciencia North Joint Venture Area
TORONTO, ONTARIO–(Marketwired – Dec 9, 2015) – Arena Minerals Inc. (“Arena” or “the Company”) (TSX VENTURE:AN) is pleased to announce that Teck Resources Chile Limitada (“Teck”) has commenced a 3,000 metre reverse circulation (“RC”) drill program on the Paciencia North … Continued
3 Reasons It’s Time To Buy Copper
Copper has suffered a painful decline of more than 30% since May: Copper (Daily) Meanwhile bearish sentiment has continued to grow stronger as price has fallen farther. However, there are some very good reasons why it may be time … Continued
Probability of Epic Oil Market Shakeout Increases
Goldman Sachs essentially stating that the oil market might be headed for an epic shakeout over the next couple of months: To make matters worse an additional ~600,000 barrels per day of production could come online over the next couple … Continued
Commodities Reach New Lows As Hedge Funds Pile On
With the CRB Index plumbing new lows on a daily basis managed money such as CTAs and hedge funds are betting on more downside by moving to a virtually unprecedented net short position across the commodities futures complex: CRB … Continued
OPEC Production Continues To Pressure Oil Prices
OPEC oil production rose to 31.77 million barrels per day in November, another record month of output which is well above the 30 million barrel per day quota the coalition of oil producing nations has set. Iraq and Saudi Arabia … Continued
Buying Opportunity In Gold Could Arise Before New Year’s
Gold is well on its way down to an important area of potential support around $1,000/oz; there is a great deal of confluence and price memory in the upper $900s/lower $1000s: Gold (Monthly) Throw in potentially extreme CoT positioning … Continued
Oil & Gas Market Overview From Keith Schaefer; Insights Into One Of This Year’s Best Performers on the TSX-V
Keith Schaefer is the editor and publisher of the Oil & Gas Investments Bulletin which finds, researches and profiles growing oil and gas companies that Schaefer buys himself. He is also one of the most respected names in the investment newsletter … Continued
A place to talk mining. All day, every day. With a really knowledgeable crowd.
Via Resource Maven: There’s a very cool website you should all check out. It’s a chat room, actually, but one where the chat is totally focused on mining and exploration. It’s chat.ceo.ca. Check it out. I keep it open all … Continued
Crude Oil Just Made An Important Low
With all the messiness that’s occurring in Syria it’s surprising that something worse (from a geopolitical standpoint) than this morning’s shootdown of a Russian fighter jet by Turkey hasn’t already happened. Here’s a cute graphic from Citi that hopes to … Continued