Wealth Creation Through Natural Resources
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
The following tweet from @BobBrinker sums up today’s FOMC announcement quite nicely: The Fed lowered its 2015 PCE inflation forecast to a range of .6%-.8% from a previous range of 1.0%-1.6% and also lowered its 2015 GDP growth forecast to … Continued
The ultra-strong US dollar (USD) is making its presence felt throughout the globe and is on the verge of wreaking havoc on a much larger scale. A premature Fed rate hiking cycle could be the catalyst to send the USD into … Continued
It’s no secret the oil and gas industry is on the ropes. A greater than 50% correction in the price of oil in late 2014 has producers scrambling to lower costs. One company, Divergent Energy Services (TSXV:DVG), has a simple product … Continued
The main driver of the US equity bull market and the recent slew of all-time highs has undoubtedly been corporate stock buybacks. Nearly 3/4 of S&P 500 companies (72%) participated in share buybacks during the 4th quarter of 2014 and … Continued
Record inventories and the prospect of further inventory builds in the US are putting WTI crude prices under heavy pressure this morning. Given the likelihood of additional inventory builds over the coming weeks there is a strong risk of a … Continued