Wealth Creation Through Natural Resources
Remember this chart that was passed around quite a bit earlier in the year? This chart has become important again as crude oil prices flirt with the $40/barrel level. Cash costs (variable operating costs) are distinct from the overall … Continued
The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week: (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a … Continued
Something is brewing out there, something big. Tom McClellan is seeing the possibility of a large drop in stocks beginning later this week: “We are already seeing confirming signs of liquidity problems in the weakening [advance-decline] line, which topped back … Continued
For the last 9 months the S&P 500 has been caught in a messy oscillation with only the faintest hint of an uptrend. However, each time that things began to look dire for equity bulls bids seemed to appear out … Continued
Thus far 2015 can be dubbed ‘the great oscillation’. We have seen some wild sentiment swings and a tremendous amount of rotation and bifurcation underneath the surface of the major equity indices. However, the S&P 500 has essentially gone no … Continued
Stocks have gotten whacked in the last 24 hours with the S&P 500 falling more than 40 points from high to low. The daily chart of the S&P (SPY) shows a potential breakdown from a pennant pattern which has formed … Continued
Via Buddha Base Camp: Dude, how do you do what you do? This is by far the most common question I get from people upon returning from an adventure. People generally want to know how to travel and experience cool … Continued
Some key points courtesy of Cantor Fitzgerald Metals & Mining team: Kyushu Electric Power Co. has announced that it will resume operations at its Sendai nuclear power plant at 10:30am on August 11 (9:30pm eastern time tonight). o … Continued
“Dumb money” futures traders (small speculators) piled on bearish bets in gold futures during the week ending August 4th: Small specs increased their net bearish position in gold futures by more than 50% in a single week! The net notional short … Continued
The summer of 2015 will go down as one of the worst summers in history for the gold mining sector. Many gold producers have seen their share prices cut in half since May and it’s safe to say that investor … Continued