Wealth Creation Through Natural Resources
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
US equities as represented by the S&P 500 have broken major long term uptrend lines. However, thus far the index is holding above key support near the SPX 1820 level: SPX (Weekly) As bearish sentiment mounts and the technical backdrop … Continued
Wednesday, September 30th, 2015, Vancouver, BC, Canada – Cancana Resources Corp. (TSX.V:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, are reporting results from operations at the Dnei site that support previously completed geophysical survey … Continued
Thus far Iraqi government forces and various Iran backed militias have managed to keep ISIS from capturing and/or inflicting damage on key Iraqi oil infrastructure. However, RBC points out that despite significant coalition airstrikes ISIS has not sustained material diminution … Continued
The best trade setups occur when many different factors align simultaneously. Case in point the IBB (Biotech iShares) chart today: Here are the factors which lined up simultaneously today: ‘Oversold’ (RSI-14 below 30) Down 7 consecutive days Below lower … Continued
Gold is ripping higher this morning amid heightened fears of global deflationary pressures and a slew of central bank rate cuts (Norway, Taiwan, etc.): This morning’s move higher is highly significant because price decisively broke above last week’s resistance … Continued