Wealth Creation Through Natural Resources
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
Since topping out above US$4.50/lb in 2011, copper has fallen by more than 50% to a recent low of $1.94/lb. The 5-year copper bear market can be primarily blamed on soft Chinese demand and bloated Chinese copper inventories resulting from … Continued
Nevada Exploration (TSX.V: NGE, OTCQX: NVDEF) is a junior gold explorer that is committed to leading Nevada’s next wave of gold discoveries. NGE is unique among its peers in the junior gold space in terms of the technology it is … Continued
There’s no doubt that the S&P 500 has formed a mature topping pattern during the last ~18 months: S&P 500 (5-year) Below 1820 there isn’t much support for another 80-90 points, with the 38.2% Fibonacci retracement of the 2011-2015 … Continued
After rallying ~44% in 14 trading sessions the gold miners (GDX) are showing some signs of exhaustion: GDX (Daily) GDX printed a ‘shooting star’ candlestick following what could very well be an ‘exhaustion gap’. A few clues that today’s … Continued
Some stats about the current rally in the gold miners (GDX): +37.50% in 13 trading sessions GDX has gone from 3 sessions dipping below the lower 2-std. deviation Bollinger Band (January 19-21) to 3 consecutive closes above the upper 2-std. … Continued