Wealth Creation Through Natural Resources
Shares of copper & gold mining behemoth Freeport-McMoran (FCX) have seen impressive insider buying in the last month: 3 different board members have purchased a total of more than $32 million worth of FCX stock since August 18th. All … Continued
An insightful graphic from Goldman Sachs Investment Research which highlights the recent evolution of the global crude oil supply-demand balance and where it’s projected to go over the next 15 months: The market is currently oversupplied by nearly 2 … Continued
Two charts that excellently illustrate the commodities bear market which has accelerated to record depths during the last few years: Love them or hate them, precious metals exchange-traded products (ETFs, ETNs, etc.) soared to record levels in late 2012 following the … Continued
A new piece of research from Morgan Stanley makes the case for a virtually endless cycle of global central bank easing. As one central bank engages in QE and weakens its currency, this country’s trade partners import deflationary pressures and in … Continued
WTI crude oil futures are in the process of posting their largest 3-day rally since early 2009. Crude futures are now up ~22% since early Thursday morning’s lows: This morning’s powerful bullish reversal from below $44/barrel to over $48/barrel … Continued
WTI crude oil prices fell below $38/barrel during Monday’s global market swoon as they headed for their 11th consecutive weekly decline. That was until a 6%+ rally took hold during the last 24 hours: Amazingly enough the rally since Monday’s low … Continued
This was a bad week for stocks, a very bad week. Over the next 48 hours other sources of market info/analysis will surely parse through this week’s market decline from 14 million different angles and tell you that we are … Continued
Remember this chart that was passed around quite a bit earlier in the year? This chart has become important again as crude oil prices flirt with the $40/barrel level. Cash costs (variable operating costs) are distinct from the overall … Continued
The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week: (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a … Continued
Via Bespoke: The chart is pretty self explanatory, but nonetheless stunning. It hasn’t been this bad for commodities since the post-dotcom crash recession, and in many ways it’s much worse than it was in 2002. A few takeaways from … Continued