Wealth Creation Through Natural Resources
We have been cautious and calling for a pullback in energy stocks for a couple of weeks. Like clockwork, a 3-5% correction in the majority of energy names has since come to fruition. However, it might be time to begin adding … Continued
One of the things I noticed early on in investing in junior mining equities is that they follow technical patterns fairly well. In other words, the charts are much cleaner indications of investor supply & demand with much less influence … Continued
If I didn’t know better I could have never guessed that crude oil is down nearly 50% in less than a year. The Houston real estate market is white hot with residential listings regularly going for above asking price and … Continued
The EUR/USD currency pair is fast approaching a key technical crossroads : The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also … Continued
US based gold producer Newmont Mining (NEM) has been a serial underperformer in recent years with shares falling more than 70% from its late-2011 all-time high to the December 2014 low. However, things may be on the verge of turning around … Continued
TD Equity Research is out with an update on Continental Gold this morning entitled “CNL:Time to Buy is Now”. The two main kickers in this research report are as follows: TD expects an updated resource estimate in June with an … Continued
The Dow Jones Transports have been putting in a top for the last six months, ever since the parabolic rally of October/November 2014: This is at least the 6th test of the 8500-8600 support/resistance zone since last December and … Continued
After months and months of inventory builds to extreme record levels crude oil has finally begun to see some draws including a surprise 2.2 million barrel draw last week: There are likely to be additional inventory draws over the … Continued
We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date: CNL carved out … Continued
A couple of noteworthy charts from the RBC technical analysis team: Dow theory non-confirmation: Despite the S&P 500 essentially sitting at all-time highs and the TSX Composite resting just below all-time highs we are seeing a lot of … Continued