Wealth Creation Through Natural Resources
By definition there is no ‘easy money’ in financial markets. Making money requires taking risk, risks that sometimes aren’t even fully understood by those who are taking them. However, if there ever were easy money to be made it was … Continued
Sabina Gold & Silver (SBB.TO) has been exhibiting signs of strong accumulation in recent weeks and broke out above a key resistance level last week: SBB.TO (Weekly) After falling hard at the end of 2014 SBB has put in … Continued
The oil services sector (OIH) is one of the worst performing sectors in the market year to date (-13.2%). However, October has been a good month for this beaten down sector and the OIH exchange-traded fund is testing a key … Continued
Via RBC: Canada has steadily grown its position as the largest crude oil supplier to the U.S over the last few years, to an average of more than 3.1 million barrels per day. Saudi Arabia ranks a distant 2nd … Continued
After going absolutely bonkers back in August (rising from 10.88 to 53.29) and accomplishing one of the sharpest and fastest rises in its history, the VIX has reverted to form and is on the verge of declining for a record … Continued
This tweet from @FxMacro pretty much sums up the current situation: Perhaps most notable about these four equally probable paths for monetary policy aside from the fact that additional QE is back on the table, is that it highlights the … Continued
From RBC: “The reason for the recent poor performance of commodities as an asset class is two-fold: 1) fundamentals are bearish across most of the complex (which we will leave outside the scope of this particular analysis); and 2) there … Continued
As we pointed out last week, a unique combination of heavily bearish market participants, extreme levels of short interest, and bullish seasonality offered a recipe for a powerful short covering rally. We have seen exactly that play out since last … Continued
One of the best performing equity sectors of 2015 has been the cruise lines. Even after today’s sector wide sell-off Carnival Corporation (CCL) is up 10.42%, Norwegian Cruise Lines (NCLH) is up 21.92%, and Royal Caribbean Cruises (RCL) is up … Continued
The gold miners (GDX) have rallied ~15% in the last three trading sessions and as measured by % above its upper Bollinger Band GDX is just about as short-term overbought as it has ever been: GDX (Daily) What does this mean? … Continued