Wealth Creation Through Natural Resources
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
We’ve written on this topic before and I am compelled to make this point again, even more emphatically. While persistent deflationary conditions that last for years are certainly not bullish for gold, the threat of deflation IS actually bullish for gold. … Continued
Daily Commodity Chart Wrap 3/9/2015: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found … Continued
Last week the Nasdaq Composite reached the big round number 5000 level which it hasn’t seen since the tech bubble days of early 2000. A few other interesting things happened last week that should serve to add caution to investors … Continued
I was chatting with renowned technician J.C. Parets a couple of days ago for an interview that will be publish next week and he mentioned the Fibonacci cluster around 2140 on the S&P 500 as an upside target for the current … 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
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
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
This is the first Daily Commodity Chart Wrap at Energy and Gold.com. Each day we will select a few of the most important commodities charts to post along with some light commentary. West Texas Intermediate Crude Oil (Daily) WTI fell … Continued