Wealth Creation Through Natural Resources
Despite the recent sell-off in the mining sector, mining equities’ valuations have not yet reached trough valuations that have coincided with recent market lows: However, a further sell-off over the next 1-2 weeks that brings the sector’s discount to … Continued
VANCOUVER, BRITISH COLUMBIA–(Nov 10, 2015) – Cancana Resources Corp. (TSX VENTURE:CNY) (the “Company” or “Cancana”) and its joint venture partner Ferrometals, together Brazil Manganese Corporation (“BMC”), are reporting results from Q3 operations. Record production was achieved in the quarter and … Continued
The direction of long-term interest rates has a huge impact on many other financial markets and asset classes. After last week’s rate rally the 10-year US Treasury Note yield is attempting to break-out above a 23-month downtrend: 10-year US … Continued
The gold miners (GDX) took a beating last week, losing 10% as market participants fled the sector out of fear that a Federal Reserve rate hiking cycle will continue to put downward pressure on precious metals. The technical damage was … Continued
This morning’s stronger than expected monthly payrolls report has sent the US dollar index soaring and gold tumbling: US Dollar Index (December futures) Gold (December futures) Gold smashed through minor support around $1100 and now finds itself … Continued
Aside from drawing arrows in Christmas colors the following chart serves to highlight an unmistakable relationship that has existed between Treasury yields and gold during the last year: 30-year US Treasury Bond Yield (top) vs. Gold (bottom) The inverse … Continued
$12.2 trillion will be invested in global power generation in the next 35 years and the Tesla Gigafactory is just the beginning According to a Bloomberg report earlier this year, $12.2 trillion will be invested in global power generation … Continued
The recent rally in the oil services sector (OIH) which we highlighted yesterday has also lifted the silica sands producers which supply the oil industry. The ‘big dog’ in the silica space, US Silica (SLCA), has rallied nearly 60% in … Continued
After a 54% decline since June 2014 the oil services sector (OIH) is on the brink of confirming that a long-term bottom has been put in place: OIH (Weekly) Momentum and volume divergences at the summer lows A weekly … Continued
A variant view on oil from Ecstrat’s Emad Mostaque: With oil cap-ex essentially falling off a cliff the stage will be set for a significant supply fall-off by 2017, meanwhile demand will continue to steadily increase. This should result in oil … Continued