Wealth Creation Through Natural Resources
The gold miners got hammered today with a 5.51% sell-off in the GDX on relatively heavy volume. However, an interesting fact is that GDX has a pretty good track record following 5%+ one day declines. In fact the last four … Continued
When an insider who already owns nearly 40% of a company chooses to buy another C$500,000 of stock it is a strong sign of conviction and an indication that there could be a great deal of value at the levels … Continued
While most oil & gas exploration and production companies have been reeling in the last couple years with ugly charts that extend from the upper left to the lower right, there are still some companies with bullish charts and promising … Continued
I posted a tweet yesterday making an observation about the recent market action in response to a couple of interesting stats shared by Jon Boorman: This is something that’s been on my mind for a couple of weeks now; … Continued
A note via RBC: “Total new US auto sales were evenly split between cars relative to trucks and SUVs in the five-year period leading up to 2015, but the latter category now makes up about 60% of total new … Continued
The gold miners took a beating today in the form of a 7.90% decline on more than 2x average daily volume. Aside from the already mentioned bearish implications of a decline of this magnitude, the backtest results for declines on … Continued
We have not made it a secret that we have interpreted the recent volatile, high volume trading range in the gold miners (GDX) to be a bearish prelude to a summer correction. After more than doubling from the all-time low made … Continued
The following two charts help to explain the seemingly relentless bid in crude oil: We are well above average in terms of demand for both gasoline and crude oil for this time in the year. Moreover demand usually does … Continued
This morning Select Sands Corp. (SNS.V) announced that they have entered into a letter of intent in respect to a proposed purchase by Comstock Metals (CSL.V) of Select Sands’ Preview SW gold project located in the La Ronge district of … Continued
VANCOUVER, BC and TULSA, OK–(Marketwired – May 16, 2016) – Jericho Oil Corporation (“Jericho”) (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it has published its Annual Letter to Shareholders from Chairman and CEO, Allen Wilson. The full text of the … Continued