Wealth Creation Through Natural Resources
One of the most successful investors in history, Carl Icahn, has taken a roughly 8.5% stake in copper/gold mining giant Freeport-McMoran (FCX). Shares of FCX have been battered in recent months, dropping nearly 70% since early May: Icahn is most … Continued
WTI crude oil prices fell below $38/barrel during Monday’s global market swoon as they headed for their 11th consecutive weekly decline. That was until a 6%+ rally took hold during the last 24 hours: Amazingly enough the rally since Monday’s low … Continued
After a week of turmoil across global equity markets the U.S. market posted its 3rd best single day gain ever. S&P 500 E-mini futures (ES) are now on the brink of completing a powerful bottoming pattern: Since Sunday evening’s … Continued
Via Quantifiable Edges… “Bringing it back to the present, with the strong selling and extreme indications we are seeing via price action, breadth, and VIX movement, I believe the environment is quite similar to those we see in the short … Continued
The following chart courtesy of BAML helps to illustrate one of the reasons why China has a big problem on its hands: The PBOC (People’s Bank of China) has been complicit in doing everything pump up China’s stock market … Continued
We haven’t seen anything like this in a long time, and perhaps that’s exactly why we are experiencing such a sharp and vicious sell-off across global equity markets. Not even during the 2008-2009 Global Financial Crisis did we see the … Continued
After a promising start to the year copper has been in a steady downtrend since May and the red metal has just touched the rising 200-month simple moving average for the first time since late-2008: While it is true that … Continued
This was a bad week for stocks, a very bad week. Over the next 48 hours other sources of market info/analysis will surely parse through this week’s market decline from 14 million different angles and tell you that we are … Continued
Bearish sentiment has reached a fever pitch in recent days… The CNN Money Fear & Greed Index has been consistently stuck below 10 in the last couple of weeks Macro funds are now net short U.S. equity … Continued
8 days ago I sent out a tweet calling for $1150 gold within a couple of weeks based upon strong seasonal tailwinds and the likelihood that we would get some significant short covering after futures speculators had become over zealous … Continued