Wealth Creation Through Natural Resources
Regardless of what school of market thought we come from, the fact is that price (and price action) is the #1 fundamental in financial markets. Price shifts market participant sentiment stronger than any fundamental news or story telling; price has … Continued
Do you remember where you were in May 2006? You’re probably wondering why I am asking this to begin a blog post. Well, May 2006 was an important month in market history. Junior resource stocks put in a major top … Continued
After rallying since July Treasury yields have been forming a bullish consolidation during the last couple of weeks. The 10-Year Treasury Note yield in particular has pulled back to a key area of confluence from which the next leg higher … Continued
While the futures action is relatively calm this morning, I will take some time to share 3 charts which tell an important story. The first is the chart of total world trade volume: It’s interesting to note that world trade … Continued
Tomorrow the Federal Open Market Committee (FOMC) will release its statement from its most recent meeting followed by a press conference from Fed Chair Janet Yellen. Currently the market is not expecting a hike from the Fed tomorrow, however, there … Continued
For the last 3 week U.S. equities have traded in a historically extreme narrow trading range; heading into today’s session the S&P 500 had spent the last 13 trading sessions trapped within a .74% trading range. Today the tightest trading … Continued
Since the post-BREXIT volatility spike (which lasted for two trading sessions) a funny thing has happened, volatility has completely collapsed. The Russell 2000 is on streak of 13 trading sessions within a ~2% trading range with several trading sessions seeing … Continued
I posted the following tweet yesterday and was surprised at the amount of attention which it received: I can’t recall the last time I received 26 retweets and 42 likes on a tweet. However, when I say “highly significant” … Continued
A fascinating note and chart of the gold/S&P 500 ratio from All Star Charts: Gold/S&P 500 (Weekly – 6 year chart) “Gold was in a downtrend vs the S&P500 since the highs in 2011 until February when the ratio … Continued
One of the most surprising events in recent market history is taking place with a shocking British vote to leave the EU. Markets were quite certain that Britain would remain in the EU just a few hours ago and have … Continued