Wealth Creation Through Natural Resources
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
Kaminak Gold is one of the few junior gold explorers moving full speed ahead with its flagship Coffee Gold Project despite challenging market conditions; the economics at Coffee are simply too compelling. Last week Energy & Gold had the … Continued
Gold in U.S. dollar terms finds itself at a crucial juncture entering this week: Gold (Daily) The $1088-$1090 is a key center of gravity. Price broke out above $1090 to begin the year but has since faded back below … Continued
With markets in turmoil and the scent of deflation growing stronger by the day the Fed cried uncle this morning with the following comment by New York Federal Reserve President William Dudley: “If the economy weakened, we would consider negative … Continued
The following two charts indicate that it’s time to seriously considering adding to OR initiating new equity long positions: The AAII % Bulls is currently below where it was at the 2009 low; this speaks volumes as to the … Continued
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan 14, 2016) – Cancana Resources Corp. (TSX VENTURE:CNY) (the “Company” or “Cancana”) and its joint venture partner Ferrometals, together Brazil Manganese Corporation (“BMC”), announced a 7,500 tonne sale of manganese mineral product in January, 2016. … Continued