Wealth Creation Through Natural Resources
The oil services sector (OIH) is one of the worst performing sectors in the market year to date (-13.2%). However, October has been a good month for this beaten down sector and the OIH exchange-traded fund is testing a key … Continued
The gold miners (GDX) have rallied a whopping ~35% in the last month. However, we have seen this movie before and watched many rallies quickly fizzle and the goldies slump to fresh all-time lows. In fact, just two months ago we … Continued
Via RBC: Canada has steadily grown its position as the largest crude oil supplier to the U.S over the last few years, to an average of more than 3.1 million barrels per day. Saudi Arabia ranks a distant 2nd … Continued
Via resourcereports.com Hydraulic Fracking Techniques Creating Unprecedented Demand for Silica Sands The demand for frac sand has exploded in the past several years as thousands of oil and natural gas wells are being stimulated using the hydraulic fracturing process. A … Continued
After going absolutely bonkers back in August (rising from 10.88 to 53.29) and accomplishing one of the sharpest and fastest rises in its history, the VIX has reverted to form and is on the verge of declining for a record … Continued
Via RBC:
This tweet from @FxMacro pretty much sums up the current situation: Perhaps most notable about these four equally probable paths for monetary policy aside from the fact that additional QE is back on the table, is that it highlights the … Continued
From RBC: “The reason for the recent poor performance of commodities as an asset class is two-fold: 1) fundamentals are bearish across most of the complex (which we will leave outside the scope of this particular analysis); and 2) there … Continued
As we pointed out last week, a unique combination of heavily bearish market participants, extreme levels of short interest, and bullish seasonality offered a recipe for a powerful short covering rally. We have seen exactly that play out since last … Continued
One of the best performing equity sectors of 2015 has been the cruise lines. Even after today’s sector wide sell-off Carnival Corporation (CCL) is up 10.42%, Norwegian Cruise Lines (NCLH) is up 21.92%, and Royal Caribbean Cruises (RCL) is up … Continued