Wealth Creation Through Natural Resources
A clean break of support in the energy sector today as OPEC disappointed on Friday and institutions liquidate losing positions into year end: XLE (Daily) The volume and velocity of the recent decline is particularly significant – the August … Continued
Today’s 2%+ rally in gold comes after the latest Commitments of Traders Report (December 1st) from the CFTC shows that commercials have almost covered their entire short position in gold futures: This is unprecedented given that commercials are … Continued
An interesting statistic was brought to my attention this morning by Ryan Detrick: With a 1%+ closing move today the S&P 500 will have begun December with a +/- 1% or more move each of the first four days of the … Continued
With the CRB Index plumbing new lows on a daily basis managed money such as CTAs and hedge funds are betting on more downside by moving to a virtually unprecedented net short position across the commodities futures complex: CRB … Continued
The gold miners as represented by GDX have tested the ~$13 support level more than a half dozen times since July and thus far this support level has held every time: GDX (Daily) Forget seasonality, forget extreme CoT positioning, forget that … Continued
Gold futures speculators have moved into full capitulation mode in recent weeks. The liquidation we have seen in gold since the October highs is one for the record books; a more than 135,000 contract reduction in net long exposure for … Continued
OPEC oil production rose to 31.77 million barrels per day in November, another record month of output which is well above the 30 million barrel per day quota the coalition of oil producing nations has set. Iraq and Saudi Arabia … Continued
Experienced Clayton Valley operator GeoXplor named Exploration Manager Lithium X Land Position Increased by over 180% Minerals and Environmental Engineer Timothy Oliver appointed VP Project Development VANCOUVER , Nov. 30, 2015 /CNW/ – Lithium X Energy Corp. (TSX-V:LIX) (“Lithium X”, … Continued
Gold is well on its way down to an important area of potential support around $1,000/oz; there is a great deal of confluence and price memory in the upper $900s/lower $1000s: Gold (Monthly) Throw in potentially extreme CoT positioning … Continued
Keith Schaefer is the editor and publisher of the Oil & Gas Investments Bulletin which finds, researches and profiles growing oil and gas companies that Schaefer buys himself. He is also one of the most respected names in the investment newsletter … Continued