Wealth Creation Through Natural Resources
Gold in US dollar terms is making fresh 3-month highs this morning as it looks increasingly like a rounding bottom pattern was completed between November and January: Meanwhile, the gold miners (GDX) are rising for the 5th consecutive session … Continued
Via War Tard Word on the ground at the Pentagon is that the Obama Administration’s foreign policy is viewed as so inept, directionless and without clear objective that the US Joint Chiefs of Staff have had to step … Continued
The gold miners (GDX) have spent 6 months bouncing along the bottom testing the ~$13 level: GDX (Daily) There are a few things that stand out about this chart: A huge amount of volume has been churned in the … Continued
A large institutional trader decided today was a good time to put on a large and slightly complex options trade in the XLE (Energy Select Sector ETF ). This options trade which is called a risk reversal involved buying 30,000 … Continued
Since gold and gold mining stocks took a precipitous dive in late-October there is only one large cap gold mining stock which has seen its share price actually rise: During the last 3 months ABX shares have actually gained … Continued
Gold and energy equity ETFs formed bullish engulfing candlesticks during today’s trading session after printing bullish hammer reversal candlesticks yesterday: GDX (Daily) OIH (Daily) The backtest results for a bullish engulfing candlestick in OIH are especially impressive … Continued
While some may be quick to point out that the S&P 500 is barely more than 10% from its all-time high reached last summer, the damage beneath the surface and across global equity markets is extensive. More than $17 trillion … Continued
Last week we highlighted the breach of a key yield level in the 10-year Treasury Note (2.13%) and with this morning’s continued turmoil across global financial markets the downside target for this breakdown has nearly been reached (~1.90%): 10-year … Continued
January 20th, 2016 – VANCOUVER, BC, CANADA – Cancana Resources Corp. (TSX.V:CNY) (the “Company” or “Cancana”) and its joint venture partner Ferrometals, together are reporting 2015 annual operating results of Brazil Manganese Corporation (“BMC”). Cancana’s President & CEO, Anthony Julien, said, “BMC … Continued
The correlation between gold stocks and the metal which they extract from the earth has been getting more unhinged recently and today reached an extreme with gold basically flat on the day while gold mining shares (GDX) were down 4.7%: … Continued