Wealth Creation Through Natural Resources
Nothing scientific here, just letting my thoughts flow. Gold has been battered since its May peak at $1232/oz, falling more than 10% and hardly exhibiting any signs of life while doing so. Futures speculators have piled into short positions at … Continued
After putting in a very rare ‘quadruple top’ during the past several months AAPL has suffered its steepest decline since at least 2012: AAPL became deeply oversold at Wednesday’s open and buyers have since stepped in. A rebound up to … Continued
Gold is at an interesting crossroads. Sentiment couldn’t be much worse and the technical picture is putrid. However, we are entering what has historically been by far the most bullish 5 week stretch of the year historically: The clear bullish … Continued
Via Bespoke: The chart is pretty self explanatory, but nonetheless stunning. It hasn’t been this bad for commodities since the post-dotcom crash recession, and in many ways it’s much worse than it was in 2002. A few takeaways from … Continued
The latest CFTC Commitments of Traders Data shows that as of Tuesday’s close (7/28/2015) dumb money gold futures speculators (small specs) held the largest net notional short position in history: The small speculators net short position totals 9,199 contracts … Continued
An interesting dynamic has taken shape in gold in recent weeks. As price has continued to oscillate in a roughly $30 range between $1075 and $1105 sentiment has further deteriorated, here is a small sampling of some of the headlines … Continued
With gold floundering just below $1,100/oz for the last week gold bulls are digging for reasons to be optimistic. However, the following two charts courtesy of Morgan Stanley Research indicate that relative to other commodities gold is fairly is expensive … Continued
An exciting mobile technology company is listing on the TSX Venture this morning. Siyata Mobile will start trading under the symbol SIM. Siyata Mobile develops and sells advanced cellular communication systems for mobile businesses, The focus is on the growing … Continued
Lets be honest. The US stock bull market probably should have died a couple years ago. But it hasn’t. In fact, the SPY (S&P 500 ETF) made a new high on Monday while the Nasdaq Composite made yet another all-time … Continued
It’s official, gold has given back slightly more than 50% of its entire 1999-2011 bull market ascent from $253.20/oz to $1923.70/oz: Technicians have been quick to point to the breakdown from the 2-year descending triangle with a measured move … Continued