Wealth Creation Through Natural Resources
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
Jericho Oil Completes $6.929 Million Financing and Closes Central Oklahoma Acquisitions VANCOUVER, BC and TULSA, OK, Jan. 5, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO, OTC: JROOF), announces that it has closed its non-brokered private placement (the “Offering”) … Continued
There have been a couple of notable developments in commodity related charts in the last couple of days: AA (Daily) Alcoa (AA) has formed a head & shoulders bottom during the last couple of months. The neckline of this … Continued
One of the best performers on the TSX-Venture exchange this year, Select Sands (SNS.V), is already up nearly 500% during 2015 and looking to add to its gains as it breaks-out from a multi-week ascending triangle pattern: SNS.V (Daily) … Continued
This is a really smart note from @rareviewmacro: To boil this down, a rate hike on Wednesday will likely to serve to only ‘tighten’ market conditions further, whereas, a decision to keep rates on hold would generate a sell-off … Continued
The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong employment reports) which has led to the market anticipating a 25 basis … Continued
What we are reading this morning: McClellan – There are plenty of reasons to be bearish on stocks heading into 2016 Dana Lyons – Gold Speculators Haven’t Been This Bearish In 13 Years Value Walk – Third Avenue Credit … Continued
Next week the Federal Reserve is set to make its final monetary policy announcement of the year and 100% of economists surveyed by Bloomberg predict that the Fed will raise rates. While 100% demonstrates a high level of conviction among this … Continued
Goldman Sachs essentially stating that the oil market might be headed for an epic shakeout over the next couple of months: To make matters worse an additional ~600,000 barrels per day of production could come online over the next couple … Continued
A clean break of support in the energy sector today as OPEC disappointed on Friday and institutions liquidate losing positions into year end: XLE (Daily) The volume and velocity of the recent decline is particularly significant – the August … Continued