Wealth Creation Through Natural Resources
Emerging market equities have enjoyed a strong July and the EEM exchange-traded fund is on the verge of breaking out from a completed head & shoulders chart pattern bottom: EEM (Daily – 3 Year) A breakout above major support/resistance … Continued
In March we witnessed the largest monthly inflows to emerging markets since June 2014: This is a very bullish chart because it bodes well for commodities and global growth. The emerging markets unwind has been one of the biggest … Continued
According to the Bank of America/Merrill Lynch (BAML) fund manager survey gold is the most undervalued it has been since 2008 and crude oil is the most undervalued it has been since the survey began in 2008: … Continued
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
The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week: (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a … Continued
This is an interesting graphic courtesy of RBC illustrating a large drop-off in managed money (CTAs, commodity pool operators, etc.) positioning in commodity futures: After reaching extremely high net long exposure earlier last year before the crude oil crash, managed … Continued
I came across two powerful China charts from J.P.Morgan this weekend: During the last decade the correlation between Chinese monetary conditions/nominal GDP growth and commodities is almost uncanny; the CRB bottomed at the exact month that China monetary conditions bottomed … Continued
This is the first Daily Commodity Chart Wrap at Energy and Gold.com. Each day we will select a few of the most important commodities charts to post along with some light commentary. West Texas Intermediate Crude Oil (Daily) WTI fell … Continued