Wealth Creation Through Natural Resources
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
One of the most well known fallen angels of the junior resource sector, Copper Fox Metals (CUU.V), is on the move today jumping as much as 44% on speculation of a takeover following a meeting with its partner on its … Continued
The gold miners as represented by the GDX have been pushed to the breaking point with yet another ‘bear flag’ forming just a few percent above crucial long-term support: To put the situation into perspective, GDX is barely more … Continued
The CFTC Commitments of Traders gold report for Tuesday March 10, 2015 is a curious one to say the least. While we saw a roughly $4 billion liquidation of net long exposure by large speculators (to the smallest net long … Continued
From BAML: This is the 2nd largest quarterly gain for the US dollar since 1970 and the quarter isn’t even over!! This chart really puts into perspective the magnitude of the current US dollar rally. The first Gulf War, … Continued