Wealth Creation Through Natural Resources
After a dozen years of trading I have learned that the most profitable trade setups are the simplest ones that take place during moments of market extremes (euphoria/panic). One such setup could trigger tomorrow morning if things evolve accordingly overnight … Continued
Via BitGold: After overwhelming demand we have officially, as of today, launched in the United States. Americans are now able to create a free BitGold account within minutes and have instant access to gold. Please note that at this time, … Continued
Nobody cares about gold miners anymore. There I said it. The level of overall investor disinterest in this sector must be at an all-time low. Now let’s be clear here, i’m not saying that bearish sentiment is at a record … Continued
After spending virtually all of the last decade with double-digit short interest (including reaching nearly 40% short interest in 2008 and then again in 2010) short interest in NFLX has fallen to a relatively light 6.66% as of two weeks … Continued
This morning Continental Gold (CNL.TO) released its much anticipated updated resource estimate which greatly increased the size and marginally increased the grade of its flagship Buriticá Project. This news is very significant because it makes the economics of the project significantly more attractive, … Continued
Whatever is happening in China right now surely doesn’t bode well for the long term stability of China’s domestic stock market (Shanghai Composite). Retail investors have been piling on the margin debt in order to increase their bets on increasingly … Continued
We haven’t paid much attention to platinum frankly because it’s a relatively small market compared to gold & silver and much less liquid. After wedging lower from its 2011 rebound peak platinum has been in one of the steepest downtrends … Continued
While there are literally dozens of valid reasons to be bearish on equities right now, there is one simple reason to be bullish that trumps them all. The case for more upside in equities over the coming weeks: While … Continued
After drifting lower on light volume for the last month the goldies (GDX) enjoyed their first strong trading session since early May: A high volume bullish engulfing candlestick with a close at session highs. As illustrated by the blue circles in … Continued
A curious chart from BAML showing that investors are heavily hedged against a sharp market decline: Sentiment surveys such as this one are generally only useful at extremes and according to this chart we are at an extreme in … Continued