Wealth Creation Through Natural Resources
From RBC: “The reason for the recent poor performance of commodities as an asset class is two-fold: 1) fundamentals are bearish across most of the complex (which we will leave outside the scope of this particular analysis); and 2) there … Continued
As we pointed out last week, a unique combination of heavily bearish market participants, extreme levels of short interest, and bullish seasonality offered a recipe for a powerful short covering rally. We have seen exactly that play out since last … Continued
One of the best performing equity sectors of 2015 has been the cruise lines. Even after today’s sector wide sell-off Carnival Corporation (CCL) is up 10.42%, Norwegian Cruise Lines (NCLH) is up 21.92%, and Royal Caribbean Cruises (RCL) is up … Continued
The gold miners (GDX) have rallied ~15% in the last three trading sessions and as measured by % above its upper Bollinger Band GDX is just about as short-term overbought as it has ever been: GDX (Daily) What does this mean? … Continued
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 6, 2015) – Cancana Resources Corp. (TSX VENTURE:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, announced the JV has purchased a new exploration licence (see figure 1, highlighted in … Continued
Big single-day rallies are far from uncommon during downtrends, corrections, and bear markets. And many are quick to point out that we shouldn’t make too much of Friday’s big reversal from a weak open to a ferociously bullish close. In … Continued
Gold has outperformed stocks (S&P 500) during 2015: While Treasury bonds (+3.15%) have easily trumped stocks (-5.19%), precious metals, and commodities (CRB -15.02%) during 2015 it is notable that gold (-4.39%) has actually outperformed stocks during a year in … Continued
A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair … Continued
This is a fascinating chart showing a large spike in short interest in S&P 500 stocks during the last couple of months: Short interest (number of total shares sold short) had been in a relatively tight range for the … Continued
A notable divergence took place today between gold miners (GDX) and gold itself: GDX rose 2.46% as gold fell 1.1%. This is a large divergence which could be explained by a multitude of factors (month end rebalancing, ~2% rally in … Continued