Wealth Creation Through Natural Resources
Howard Marks, the legendary founder of Oaktree Capital Management, is out with his latest quarterly memo and it is titled “Liquidity”. Marks offers us a treatise on liquidity in capital markets as he delves into the illusion of liquidity that many … Continued
Daily Commodity Chart Wrap 3/25/2015: WTI Crude Oil (Daily) Front month crude oil futures rally as options implied volatility begins to collapse and the futures contango narrows. OVX (CBOE Crude Oil Volatility Index) CME WTI Crude Oil … Continued
Our partner site CEO.CA has brought forth a chat app called chat.ceo.ca which is revolutionizing the way that investors share news and discuss junior resource investments. Tommy Humphreys, co-founder of Energy and Gold.com and founder of CEO.CA, is the visionary … Continued
Trends trend, until they stop trending, at which point they generally consolidate for some time. We have seen this recently in crude oil which experienced a very large downtrend from June through January before consolidating during the past couple of … Continued
Daily Commodity Chart Wrap 3/23/2015: Copper (Daily) Copper has rebounded nearly 10% in just the past few trading sessions. Price is now testing a cluster of previous support $2.75-$2.80. Above $2.80 the next area of resistance will be $2.95-$3.00. … Continued
Less than 10 days ago the gold miners were being pushed to the brink of collapse as gold waffled in the mid $1100s. This morning after an impressive rally to finish last week the gold miners are back to being … Continued
In the last two weeks gold futures speculators have liquidated a total of 66,897 gold futures contracts which equates to a notional amount of nearly $8 billion: To put this recent gold liquidation into perspective it is the largest … Continued
The small cap Russell 2000 Index has exhibited relative strength for several weeks and seemingly makes another all-time high with each new day. Even as the S&P and Dow suffered some notable down days the Russell managed to remain well bid … Continued
Eurozone equity allocations have not been this high since 2006 which happened to coincide with a major peak in relative performance of EU equities vs. the world: Meanwhile, the German DAX Composite Index hasn’t been this far above its … Continued
I have not kept it a secret that I have been looking for a marginal new low in WTI crude to wash out weak handed bulls followed by a violent upside reversal. Today this scenario happened in a most unexpected … Continued