Wealth Creation Through Natural Resources
Encouraging comments from Colombian Minister of Mines and Energy Tomas Gonzalez this morning at PDAC sent Continental Gold (CNL.TO) shares soaring 10% before pulling back late in the trading session. Gonzalez stated that Buriticá’s environmental permit could come in May, a couple of … Continued
Realized volatility in gold has dropped by 50% in the last month and is at the lowest levels since last October (just before gold fell nearly $100/oz): GLD rolling 7-day average true range (ATR) at bottom has fallen 50% … Continued
Daily Commodity Chart Wrap 3/3/2015: S&P 500 vs. Brent Crude Oil Since 2008 After being positively correlated during the 2008-2012 time period, Brent crude oil and US equities have markedly diverged in the past couple of years Gold (Daily) … Continued
Some scientifically curated links for your reading pleasure… Tim Duy’s Fed Watch: Game On WSJ: India’s Gold Buying to Pick Up After Budget Daily Speculations: What is a Trader, Victor Niederhoffer The Contrarian Corner: Mute the Fed Steenbarger: A … Continued
Not much has been talked about palladium recently, but weak supply growth and strong demand from auto-producing countries has ignited a powerful breakout in this white metal: The breakout above $820 from a 6-month base initially targets $860 followed … Continued
Tiny Quebec based oil & gas explorer Junex (JNX.V) staged an enormous rally last week which at one point saw its shares higher by more than 150% in just 4 trading sessions: The discovery of a conventional oil play … Continued
It’s official, the two largest economic zones have moved into deflation and the trend isn’t indicating that things are going to change anytime soon: The euro area deflationary trend has been fairly steady, whereas, the US has seen … Continued
Daily Commodity Chart Wrap 2/26/2015: Brent Crude Oil (Daily) Brent crude remains in an uptrend above $60. Copper (Daily) Very impressive move in copper today as it surged above the falling 50-day simple moving average. Previous … Continued
We have highlighted many head & shoulders bottom patterns during the past few months as oil and precious metals stocks have bottomed and begun to turn higher. I want to go into a bit more detail explaining the H&S bottom … Continued