Wealth Creation Through Natural Resources
Since forming a double-top at $1307/oz last week gold has formed a bearish technical pattern that could result in a move lower back down to the $1250s: A breach of the $1275 support level would set up a pullback to … Continued
Lots of quality material to read over this weekend: Peter L. Brandt: The NYSE Composite is forming a near textbook continuation H&S pattern, get ready for a big upside move in US equities. Barron’s: “Regardless of the reason, if banks aren’t … Continued
Small speculators more than doubled their net length in gold futures ahead of the ECB’s quantitative easing announcement on Thursday: This is the largest net long position in gold futures that small speculators have had since early July which happened to … Continued
Check out these quality links and have a powerful weekend!! Bloomberg: ECB’s Quantitative Easing Program Is Open-Ended, Visco Says TraderFeed: Tracking Real Time Market Sentiment Through Buy and Sell Programs CEO.CA: Iamgold is going shopping with $800 million and a check list Bloomberg: Ruble … Continued
Investors stay on gold as the ECB implements QE CNBC: Investor Icahn predicts Oil will go lower Reformedbroker: World’s most reluctant stimulus package gets underway Oilprice.com: Even with possible future sanctions Schlumberger looks to make large acquisition of about half of Eurasia Drilling Co … Continued
After spending the 2nd half of 2014 in a steady downtrend, the euro currency has entered crash mode at the outset of 2015: EUR/USD is down more than 600 pips so far in January and the euro is down much more against … Continued
It’s all about the ECB this morning as the central bank launches a massive 1 trillion+ euro program of asset purchases… WSJ: Full Text of Mario Draghi’s Opening Statement Forex Live: ECB launches expanded asset purchase program – Will buy €60bn … Continued
Mining.com: Vancouver based Eldorado mines down 18% with slashed forecasts Bloomberg: In an attempt to fend off deflation the ECB looks to inject 1.1 trillion Oilprice.com: IMF, OPEC contradicting each other with different opinions on oil price 321Gold: China’s new … Continued
Tomorrow morning (North American time) the ECB will make its much awaited announcement which is almost sure to include some form of quantitative easing program. A series of leaks this morning, the most market moving of which was reported by … Continued
All eyes are focused on the ECB tomorrow morning, some market observers are warning the ECB is about to make a big mistake… Telegraph: Central bank prophet fears QE warfare pushing world financial system out of control Business Insider: The Hedge Fund … Continued