Wealth Creation Through Natural Resources
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
A Surprising Turnaround in Frac Sand Demand Frac sand (proppants) have seen a surprise turnaround in demand projections during the first half of 2016. Many investors and industry observers left this segment of the oil market for dead at … Continued
Indian jewelry buyers and investors account for a sizable chunk of annual gold demand and last year Indian gold buyers made India the 2nd largest gold consuming nation, 2nd only to China: From Sudheesh Nambiath, Adam Turchioe, and Libin Zhou … Continued
Since the beginning of the year realized volatility in the S&P 500 has dropped ~60% as the leading U.S. equity index experiences its longest streak of days without a 1%+ move in two years: SPY (Daily) 20-day rolling … Continued
With WTI crude oil prices rallying above $51/barrel today the oil price has moved back into the shale ‘sweet spot’ zone: If you look close enough at the above chart you will notice that the rig count has bottomed … Continued
This is the chart to watch right now: 10-year Treasury Note Yield The yield on the 10-year Treasury Note has been wedging its way lower for the last few months and is once again knocking on the door of … Continued