Will Crude Keep its Streak Alive?
In the last 6 months WTI crude oil has fallen 5% or more on a single day on 4 different occasions and on each of these occasions it has risen the following day (including gains of 5.03% on December 1st, … Continued
This Mega Gold Producer is Finally Poised for a Turnaround
After suffering through what have arguably been the most challenging few years in the company’s history, Barrick (ABX) investors may finally be ready to profit from a sustainable turnaround in the company’s fortunes. ABX has right sized its cost structure … Continued
Daily Commodity Chart Wrap
Daily commodity chart wrap 4/7/2015… WTI Crude Oil (Daily) WTI tested the $54 resistance level today. While this is at least the 3rd time this level has been tested during 2015, it is the first time since February so … Continued
We Are in A Secular Stagnation – Dalio
There has been a lot of talk in recent weeks about when the Fed will begin to raise interest rates. We have remained of the opinion that while the Fed may initiate a one-off symbolic rate hike at some point … Continued
Gold Technical Update
Gold managed to close above its 50-day simple moving average for the first time since February, however, the shooting star candlestick outside the upper Bollinger Band should serve to give bulls some pause: The rally stopped just short of … Continued
The Faux Earnings Growth Game
Non-GAAP earnings per share or “adjusted” EPS is the number that companies would like investors to focus on because it excludes so called “non-recurring” items such as restructuring charges, stock based compensation, and goodwill impairments etc. As a rule non-GAAP … Continued
This is About to Happen for the First Time in 29 Months…
The Dow Transports led the equity market breakout in January 2013 and this sector has undoubtedly been one of the primary leaders of the rally since; nearly doubling in the 2 years between November 2012 and November 2014. However, since posting … Continued
Manic Monday Awaits
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
A Moment of Clarity
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
Introducing BitGold
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