Wealth Creation Through Natural Resources
The gold miners (GDX) have rallied ~15% in the last three trading sessions and as measured by % above its upper Bollinger Band GDX is just about as short-term overbought as it has ever been: GDX (Daily) What does this mean? … Continued
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 6, 2015) – Cancana Resources Corp. (TSX VENTURE:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, announced the JV has purchased a new exploration licence (see figure 1, highlighted in … Continued
Big single-day rallies are far from uncommon during downtrends, corrections, and bear markets. And many are quick to point out that we shouldn’t make too much of Friday’s big reversal from a weak open to a ferociously bullish close. In … Continued
Gold has outperformed stocks (S&P 500) during 2015: While Treasury bonds (+3.15%) have easily trumped stocks (-5.19%), precious metals, and commodities (CRB -15.02%) during 2015 it is notable that gold (-4.39%) has actually outperformed stocks during a year in … Continued
A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair … Continued
This is a fascinating chart showing a large spike in short interest in S&P 500 stocks during the last couple of months: Short interest (number of total shares sold short) had been in a relatively tight range for the … Continued
A notable divergence took place today between gold miners (GDX) and gold itself: GDX rose 2.46% as gold fell 1.1%. This is a large divergence which could be explained by a multitude of factors (month end rebalancing, ~2% rally in … Continued
US equities as represented by the S&P 500 have broken major long term uptrend lines. However, thus far the index is holding above key support near the SPX 1820 level: SPX (Weekly) As bearish sentiment mounts and the technical backdrop … Continued
Wednesday, September 30th, 2015, Vancouver, BC, Canada – Cancana Resources Corp. (TSX.V:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, are reporting results from operations at the Dnei site that support previously completed geophysical survey … Continued
Thus far Iraqi government forces and various Iran backed militias have managed to keep ISIS from capturing and/or inflicting damage on key Iraqi oil infrastructure. However, RBC points out that despite significant coalition airstrikes ISIS has not sustained material diminution … Continued