Wealth Creation Through Natural Resources
Bob Moriarty, Founder & Editor of 321gold, has had a hot hand recently with some of his market timing posts. In early February he emphasized that the bottom is in for gold and gold mining shares, gold surged more than … Continued
A fresh piece of research from RBC titled “Crude Storage – Darkest Before Dawn” makes the case that crude oil is in the darkness before the “dawn” (spring refinery runs and summer driving season). Crude oil storage capacity utilization has … Continued
Noted technician and fund manager J.C. Parets has been a long time friend of CEO.CA and E&G. Yesterday he put up a tour de force post on gold and gold miners highlighting the significance of some of the recent price … Continued
Apple (AAPL) has completed a ‘diamond bottom’ chart pattern with a measured move target of ~$104: AAPL (Daily) The open gap at $102.16 which roughly coincides with the falling 50-day simple moving average and previous support is the initial … Continued
According to the Bank of America/Merrill Lynch (BAML) fund manager survey gold is the most undervalued it has been since 2008 and crude oil is the most undervalued it has been since the survey began in 2008: … Continued
Gold futures have pulled back nearly $60/oz from last Thursday’s parabolic blow-off high, retracing roughly 38.2% of the entire breakout since late-January: Gold (Daily) The $1190-$1200 area now becomes important support; the $60 shakeout since Thursday’s high is standard price action … Continued
There are a plethora of reasons to be bearish on equities, ranging from the proxy war escalation in Syria to a potential hard landing in China. However, there are some subtle yet powerful reasons that investors may want to consider … Continued
A lot happened this week in the precious metals & mining space. A quick summary of the big events: Gold finished the week $65/oz higher and rallied as high as $1263.90/oz on Thursday, reaching its highest level in US dollar … Continued
Arena Minerals (AN.V) released drill results from its Jogmec JV which served to further confirm that they have identified a copper porphyry system which they simply have to zero in on with further drilling. Arena plans to spend a combined … Continued
Less than a month ago nobody wanted anything to do with the yellow metal, now suddenly everyone is bullish on gold and the herd is cramming through a narrow doorway trying to get long: GLD (Daily) The GLD exchange-traded … Continued