Wealth Creation Through Natural Resources
Since breaking out at the end of last year the USD/CAD currency pair has been one of the cleanest trends of any global market: Here’s what BNP Paribas has to say about USD/CAD: “Slightly firmer GDP and employment … Continued
Two charts that excellently illustrate the commodities bear market which has accelerated to record depths during the last few years: Love them or hate them, precious metals exchange-traded products (ETFs, ETNs, etc.) soared to record levels in late 2012 following the … Continued
After recovering from the U.S. housing bubble and Global Financial Crisis, U.S. residential housing prices have enjoyed a solid rebound during the last few years: S&P/Case-Shiller 20 City Index While U.S. residential real estate prices are back up near all-time … Continued
From my perch equity market sentiment hasn’t been this poor since at least November 2012, just before equities posted one of their best annual performances ever. That doesn’t mean we are on the verge of another huge upside surge, every … Continued
A new piece of research from Morgan Stanley makes the case for a virtually endless cycle of global central bank easing. As one central bank engages in QE and weakens its currency, this country’s trade partners import deflationary pressures and in … Continued
During August gold rallied nearly $100/oz before pulling back late in the month and retracing roughly 50% of the rally. Gold now finds itself in an interesting situation oscillating in the $1130s/$1140s as global equity markets experience a bout of … Continued
Marc Faber, Editor of the “Gloom, Boom, and Doom Report” was on Fox Business earlier today – here is an excerpt: “Commodity prices have collapsed because of the Chinese slowdown. And so these countries including Brazil, African countries, Central Asia, … Continued
This is an insightful graph of the 90th percentile gold production cash cost curve dating back to 1990: A few takeaways from this graphic: Cash costs nearly quintupled during the bull market years 2002-2012 – this was mainly due to … Continued
WTI crude oil futures are in the process of posting their largest 3-day rally since early 2009. Crude futures are now up ~22% since early Thursday morning’s lows: This morning’s powerful bullish reversal from below $44/barrel to over $48/barrel … Continued
“At a market bottom, falling prices eventually force out large numbers of traders, resulting in volatility and increased volume.” ~ Cory Mitchell (Investopedia) This quote on market bottoms perfectly sums up the gold miners (GDX) during the last couple of years: … Continued