Wealth Creation Through Natural Resources
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
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