Wealth Creation Through Natural Resources
Jericho Oil Completes $6.929 Million Financing and Closes Central Oklahoma Acquisitions VANCOUVER, BC and TULSA, OK, Jan. 5, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO, OTC: JROOF), announces that it has closed its non-brokered private placement (the “Offering”) … Continued
Gold begins the year rallying up to test an area of important support/resistance near $1080-$1090 as Saudi/Iran tensions run hot: Gold (Daily) The factors supporting additional upside in gold are numerous: Saudi/Iran and overall Middle East tensions mounting North … Continued
While equities have more than tripled from the 2009 bottom and home prices have also tacked on significant gains (doubled in certain parts of the country) there is a valid case to be made that these asset classes are still … Continued
Chinese equities as represented by the Shanghai Composite are in free-fall to begin the new year: Shanghai Composite (Weekly) 4-month bear flag resolving to the downside as relative strength index stalled out near the median line during the recent … Continued
Resource investors should be encouraged by the first trading session of the new year. On a day in which the Dow Jones Industrial Average closed down nearly 300 points (down by more than 400 points at the session lows), precious … Continued
The Gold Miners ETF (GDX) has traded an enormous amount of volume in the $13-$14 price range during the last 6 months and the GDX enters 2016 experiencing some of the lowest realized volatility in history: GDX (Daily) This chart … Continued
A couple weeks ago we pointed out the technical damage in the AAPL chart and mused that a brief bounce was in store before a much larger decline would begin in the new year. We may have been too optimistic … Continued
The TSX-Venture Composite Index is on a 7 session win streak with one day left in a year which has seen the resource heavy index shed more than 30% in the 5th year of a vicious bear market: TSX-V … Continued
The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and … Continued
After a few years of healthy gains we have seen the median existing home price slip roughly 6-7% during the 2nd half of 2015: Notice the stair-step pattern of price appreciation since 2011. Are we ready for the next … Continued