Wealth Creation Through Natural Resources
With the release of the March non-farm payrolls report it has become plainly evident that the US economy has not reached ‘escape velocity’ regardless of what the perma-bulls might lead us to believe. Equity futures responded by spilling nearly 1% … Continued
For most of my adult life I have been a social drinker who has experienced infrequent occasions of binge drinking. Some of the binge drinking occasions ended quite disastrously as they usually do, however, still it was not enough to cause … Continued
E&G is proud to announce that we have signed BitGold as our first sponsor! BitGold is a revolutionary new payment system which allows people to invest in gold in an extremely liquid, safe, and transparent way while still being able to … Continued
On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit taking ahead of a big resistance level near $20: From my vantage point the … Continued
The $78-$80 area has been a huge price magnet in the XLE since the oil crash last September-October, and it is no accident that price has paused in front of this level for the past couple of weeks: In many … Continued
Daily commodity chart wrap 4/1/2015: Copper (Daily) Clean bull flag in copper with a hammer candlestick off support today. Breakout above $2.80 targets $2.95-$3.05 resistance zone. Gold (Daily) Incredibly bullish trading session for gold today. $1205 offers some … Continued
As illustrated by the following 2 graphics US equity investors have gone from greed to fear in exactly one month despite a relatively small movement in the market (3% in the S&P 500): While the recent price action, flattening … Continued
The chart of Apple (AAPL) has formed a small descending triangle during the past few weeks as it begins to slip below its rising 50-day simple moving average on decreasing volume: The key downside level here looks to be … Continued
Gold miners as represented by the GDX are threatening to fall for the 6th consecutive trading session after they were once again repelled near the $20 support/resistance level: A fun fact is that even during the gold mining bear … Continued
BNP Paribas publish a forex report yesterday entitled “Stick To the Plan; Resell EUR/USD” in which the firm argued the following: “Our positioning indicators suggest EURUSD positioning has not become stretched, and presumably positions have been reduced even further in this … Continued