Wealth Creation Through Natural Resources
Since vaulting above $1280 for the first time in more than a year gold has essentially found itself oscillating within a $100 range while making marginal new 52-week highs: Gold (Daily) Each marginal new high since March has occurred with … Continued
Crude oil has nearly doubled from its February low and has carved out a fairly robust uptrend during the first half of 2016, recently finding support near its rising 50-day simple moving average: WTI Crude Oil (Daily) The uptrend … Continued
The gold miners as represented by the GDX have been running up against resistance in the $25-$27 range for the past couple of months. Already a significant amount of volume has been churned above the $25 in GDX and there … Continued
The name of this website is energy & gold.com so it’s only fitting that we analyze the charts of gold and crude oil this weekend: Gold (Weekly) I’m going to sharpen my pencil here and say that we need … Continued
Continental Gold (CNL.TO) is rallying back above C$3.00 today as it tests a key resistance zone: CNL.TO (Daily) The support/resistance zone between C$3.00 and C$3.25 represents a crucial test for CNL. A breakout above C$3.25 would complete a 9-month … Continued
The gold mining sector is emerging from a five-year bear market that saw valuations collapse by nearly 90%. During the last few years, companies slashed exploration budgets and M&A within the sector dropped off substantially. Most gold miners were focused … Continued
Arena Minerals (AN.V) has continued with its prospector generator model with its latest transaction involving Rouge Resources. Arena is focused on the Atacama Copper Property while leveraging partners’ capital to advance projects. Arena CEO William Randall had this to say … Continued
We live in interesting times. The S&P 500 has undergone a garden variety pullback in the last few days after reaching a fresh all-time high on a total return basis (including dividends) last week. Meanwhile, the VIX has rocketed higher … Continued
Many senior gold producers hit fresh 52-week highs early in today’s trading session. However, there are some early warning signs that the gold mining sector is beginning to experience some exhaustion. While the miners have continued to move higher, 3 of … Continued
Among other market developments in 2016 we have seen a breakdown in the spread between the 2-year treasury note yield and the 10-year treasury note yield: 2s/10s spread (gold below) The last time that the yield curve flattened significantly (2003-2006) … Continued