Wealth Creation Through Natural Resources
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
US equities have come under heavy pressure this week after the small-cap Russell 2000 post yet another all-time high last week. There are more than a few signs that all is not well for equities, however, the situation is not … Continued
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