Wealth Creation Through Natural Resources
Less than 24 hours after Jeff Gundlach uttered the following words “they have got to dial this [hawkish] rhetoric back or the markets are going to humiliate them.”, gold broke out above a level it had previously had some trouble with, … Continued
Gold in US dollar terms is making fresh 3-month highs this morning as it looks increasingly like a rounding bottom pattern was completed between November and January: Meanwhile, the gold miners (GDX) are rising for the 5th consecutive session … Continued
The gold miners (GDX) have spent 6 months bouncing along the bottom testing the ~$13 level: GDX (Daily) There are a few things that stand out about this chart: A huge amount of volume has been churned in the … Continued
Last week we highlighted the breach of a key yield level in the 10-year Treasury Note (2.13%) and with this morning’s continued turmoil across global financial markets the downside target for this breakdown has nearly been reached (~1.90%): 10-year … Continued
The correlation between gold stocks and the metal which they extract from the earth has been getting more unhinged recently and today reached an extreme with gold basically flat on the day while gold mining shares (GDX) were down 4.7%: … Continued
Kaminak Gold is one of the few junior gold explorers moving full speed ahead with its flagship Coffee Gold Project despite challenging market conditions; the economics at Coffee are simply too compelling. Last week Energy & Gold had the … Continued
Gold in U.S. dollar terms finds itself at a crucial juncture entering this week: Gold (Daily) The $1088-$1090 is a key center of gravity. Price broke out above $1090 to begin the year but has since faded back below … Continued
With markets in turmoil and the scent of deflation growing stronger by the day the Fed cried uncle this morning with the following comment by New York Federal Reserve President William Dudley: “If the economy weakened, we would consider negative … Continued
Yesterday renowned bond fund manager Jeffrey Gundlach said 2016 is a “go with it” environment for the Treasury bond/interest rate complex. In other words, investors and traders should follow the trend and not try to fight momentum. If Gundlach is … Continued
The break down in Treasury yields that we warned about a couple days ago came to fruition today: 10-year Treasury Yield (Daily) This is a significant breach of a key level of support (2.13%) and the breakdown offers a … Continued