Wealth Creation Through Natural Resources
An interesting phenomenon occurred in crude oil markets last week: As WTI crude oil rose nearly 10% for the week, the OVX (CBOE Crude Oil Volatility Index) also rose and actually broke-out above an area of previous resistance near 60. This … Continued
Better than expected jobs growth during January and a strengthening trend in non-farm payrolls sent gold futures tumbling lower this morning: The warning signs for gold have been mounting in recent days. First it was the large spike in speculative long … Continued
Oil implied volatility as measured by the OVX (CBOE Crude Oil Volatility Index – at top of chart below) is breaking out to the highest levels seen since the 2008 Global Financial Crisis: Meanwhile, realized volaility (as measured by the average … Continued
The Russell 2000 (IWM) is up nearly 400% from the 2009 market bottom, however, judging by the following chart pattern breakout the final blow-off rally may have just begun: IWM has been in a messy consolidation since the end of … Continued
Mickey Fulp, The Mercenary Geologist, has come out with a tour de force post on the real cost of mining gold. Frankly, this post is long overdue and Mickey does an admirable job of delving into a wonkish and challenging … Continued
Everyone is talking about oil this morning, meanwhile Tommy Humphreys has an insightful piece on the future of small public offerings in Canada… Marketwatch: 3 reasons for oil’s crazy bounce Bloomberg: Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles CEO: TSXV vs … Continued
Last week we highlighted 6 positive signs for crude oil. As it would turn out less than 48 hours later crude would briefly break below $44 only to quickly reverse sharply higher and end the week above $47/barrel: As the saying … Continued
The gold miners are represented by the GDX have vastly outperformed gold thus far during 2015: This impressive display of relative strength has developed into a near perfect symmetrical triangle on the daily chart of GDX despite a relatively messy … Continued
The XOP (SPDR S&P Oil & Gas Exploration & Production Index) rose nearly 6% on the day for its 2nd strongest single day performance since December 2011: Today also marks the first daily close above its 50-day simple moving average … Continued
During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. … Continued