Wealth Creation Through Natural Resources
The following quote from the most recent RBC “Commodity Comment” sums up the current gold market environment quite well: “The proliferation of unknowns, inherently difficult to hedge, remains a key reason why we recommend gold allocations and underpins our positive … Continued
Yesterday we saw the first real rally of any significance in gold since early November. Gold futures open interest also experienced its largest 1-day increase since September 6th (more than 11,000 contracts). After the beat down that gold has gotten … Continued
I’ve easily had more than 100 CEOs of publicly traded junior mining companies pitch me their company’s story and i’ve never heard a CEO as enthusiastic and detailed in his presentation as Oceanus Resources’ (TSX-V: OCN, Market Cap: C$26 million) … Continued
One month ago Bob Moriarty, Founder & Editor of 321gold, stated in no uncertain terms that we were in for a deeper correction in the precious metals space before we would reach a monumental buying opportunity. We ended up with … Continued
The total speculative net notional length in silver futures is currently at a record ~$8 billion! Surpassing even April 2011 levels when silver nearly touched $50/ounce: While this sort of record interest is indicative of a bull market, to … Continued
Gold finished higher by more than 5% on the week and the gold miners as represented by the GDX rallied an eye-popping 20% for the week. There are signs of over-exuberance beginning to show up in the gold space beginning … 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
During the week ending November 17th large futures speculators (hedge funds, CTAs, etc.) piled on short positions in precious metals futures at one of the fastest paces on record: Between both gold & silver futures large speculators … Continued
Precious metals have had an awful month of November thus far with both silver and gold suffering significant declines while posting record losing streaks. Most notably silver has posted a record 14 consecutive losing sessions and is currently working on … Continued
It seems like ages ago that silver was rallying 10% every week with no end in sight… Silver (February-April 2011) For silver bulls this chart brings back fond, but distant memories. The bear market which began in April 2011 … Continued