Wealth Creation Through Natural Resources
As we pointed out on Friday gold in US dollar terms has completed a significant chart pattern bottom with last Wednesday/Thursday’s high volume breakout: Gold (Daily) Meanwhile, market participants couldn’t be more poorly positioned for further upside in gold: … Continued
Last week was a brutal start to the year for equity markets with the S&P 500 falling nearly 6% and the small-cap Russell 2000 shedding nearly 8% in a single week. The longer term structural damage inflicted by last week’s … Continued
NexGen Energy (NXE.V) is on the verge of a major breakout from a 6-month bullish flag chart pattern: NXE (Weekly) A breakout above .80 would trigger a measured move target of ~$1.10. The pullback during October/November of last year … Continued
$1.4 trillion in market cap has been erased from global mining equities in the last 5 years: Global equity indices are flashing a relatively rare oversold buy signal: Full-time employee has finally fully recovered from the financial crisis: … Continued
The current commodities bear market is nothing short of the worst 10-year decline since the Great Depression: And the losses only got worse this morning when WTI Crude Oil futures were down more than 5% printing a low of … Continued
Last night we pointed out the crucial moment that is at hand for gold and highlighted the importance of gold achieving a breakout above resistance within a couple of days. Within less than 24 hours gold delivered: GLD (Daily) … Continued
Gold begins the year rallying up to test an area of important support/resistance near $1080-$1090 as Saudi/Iran tensions run hot: Gold (Daily) The factors supporting additional upside in gold are numerous: Saudi/Iran and overall Middle East tensions mounting North … Continued
While equities have more than tripled from the 2009 bottom and home prices have also tacked on significant gains (doubled in certain parts of the country) there is a valid case to be made that these asset classes are still … Continued
VANCOUVER, BC, December 29, 2015 – Lithium X Energy Corp. (TSXV: LIX) (“Lithium X” or the “Company”) is pleased to announce the closing of its non-brokered private placement (the “Private Placement”) on December 24, 2015 of 10,825,000 shares at a … Continued
The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and … Continued