Wealth Creation Through Natural Resources
Say what you want about the AAII Sentiment Survey, undoubtedly it’s quite flawed and that’s not a surprise to anyone. However, the survey which came out this morning (which represents how investors were feeling at the end of last week … Continued
After last week’s bond rout/rate rally many sell-side analysts came out over the weekend calling for investors to get into bonds to take advantage of the sell-off. This morning prices are even better as the 30-year yield rises above 3.20% … Continued
Making women’s butts look better is big business and today’s performance by shares of Lululemon (LULU) is clear evidence of this fact: Shares of the yoga apparel & accessories retailer rose nearly 11% on nearly 8x average trading volume. Perhaps … Continued
The S&P 500 is testing an important level of support that has led to a rally each of the last 3 times that it’s been tested: With the S&P working on its 4th consecutive down day and below the … Continued
GDX passed an important test of support today. The goldies were looking absolutely dreadful this morning but buyers showed up near a crucial area of support around lunchtime and put the throttle to the floor into the close: $18.75 … Continued
BitGold (XAU:TSXV) has taken the TSX Venture by storm the last couple weeks before settling down this week. The stock has been a roller coaster since trading first began on May 13th. BitGold is building the world’s largest online … Continued
Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: … Continued
At the beginning of May we pointed out that energy stocks were set for a pullback. Now after dribbling lower for the last month it’s time to get back into energy equities: A large bullish outside reversal following this … Continued
Treasury yields are bumping up against major resistance this morning. The 10-year note yield, in particular, is threatening a breakout above multi-year resistance in the 2.30%-2.40% yield range: There are a few reasons why this recent surge in yields … Continued
As John Maynard Keynes famously stated “When the facts change, I change my mind. What do you do, Sir?”. I am very close to changing my mind on the direction of long-term interest rates. The chart of the 10-year US Treasury … Continued