Wealth Creation Through Natural Resources
Financial Post: Goldcorp Chairman Telfer reflects on great career Market Watch: Late Stock price explosion leads to samsung take-over talks Bloomberg: US Stocks slip along with Coppers tumble Mining.com: Gold Bull Faber predicts 30% jump in Gold in 2015 BNN: Canadian … Continued
Blackberry shares (BBRY) exploded higher during the final 20 minutes of trading this afternoon on reports of a takeover offer from Samsung: The reported range of $13.35-$15.49 aligns nicely with a technical price target I placed on the shares in … Continued
Copper futures dropped as low as $2.42 yesterday evening before rebounding roughly 5%: One of the world’s largest copper producers, Freeport McMoran (FCX), has been hit especially hard (-11%) this morning after copper’s overnight tumble: A slide from a recent … Continued
Must read material ahead of a volatile trading session… WSJ: ECJ Adviser Says ECB Can Legally Buy Eurozone Government Debt Mish: ECB is about to make the biggest mistake in history… TRB: GLOBAL DEFLATION OilPrice.com: The Age of Cheap Oil is … Continued
Commercial hedgers (“smart money”) are almost always short equity futures to some extent. As a market timing gauge when the commercials move to near a neutral positioning in futures it is usually a good time to get long equities, whereas, … Continued
Some quality material we are reading before the open this morning… Bloomberg: Oil Drops Below $45; U.S. Stockpiles May Speed Collapse CFA Institute: What’s Really Behind the Plunge in Oil Prices? TraderFeed: The Most Important Performance Principle of All MarketWatch: OPEC’s squeeze on U.S. … Continued
This is from the latest Morgan Stanley “Commodity Manual”: This is part of the gold note contained in this report and also happens to be the sort of consensus sell-side research which offers zero negative value to its readers. Let’s break down … Continued
Goldman Sachs has finally capitulated on its oil price forecasts and the firm has done it in a big way: GS slashed its 3-month WTI forecast by $29/barrel and its 3-month Brent forecast by $38/barrel. Here is the firms rationale for the … Continued
Some quality reading material to keep you busy this weekend… McClellan: Government deficits are good if you like gold… Hulbert: Stock market risk is higher today than it was in the dot-com era Bloomberg: Bill Gross says that wage growth is the real challenge … Continued
Gold miners (GDX) just completed their biggest weekly gain in nearly a year, finishing up 9.35% for the week on above average volume: Today’s rally also moved the goldies back up to levels not seen since the late-October plunge which … Continued