A Fascinating Chart
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
Wealth Creation Through Natural Resources
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
Cancana’s Brazil Manganese Corporation project (BMC) in the the northern state of Rondonia in Brazil is uniquely positioned to capitalize on Brazil’s emergence as the world’s new breadbasket. The BMC project is poised to meet a growing domestic and global … Continued
Tuesday, September 22nd, 2015, Vancouver, BC, Canada – Cancana Resources Corp. (TSX.V: CNY) (“Cancana” or the “Company”) with its joint venture partner Ferrometals provided an update on Phase One exploration at their Brazil Manganese Corp. (“BMC”) project in Rondônia, Brazil. … Continued
The S&P 500 exchange-traded fund SPY printed another ‘doji’ candlestick today. However, today’s doji was quite different from yesterday’s in terms of both context and direction: Today’s break lower from the bearish flag targets a move down to at … Continued