Wealth Creation Through Natural Resources
According to the Bank of America/Merrill Lynch (BAML) fund manager survey gold is the most undervalued it has been since 2008 and crude oil is the most undervalued it has been since the survey began in 2008: … Continued
After reaching the lowest levels since 2003 ($27.56) WTI crude oil futures rallied ~26% in 7 trading sessions: WTI Crude Oil (Daily) This week’s rally stopped right at the downtrend drawn from the November peak and previous support from … Continued
During bull markets one of the best places to look for new long ideas is the list of stocks with highest short interest. However, during bear market cycles heavily shorted stocks tend to underperform and sometimes by a wide margin … Continued
U.S. crude oil inventories rose a stunning 8.38 million barrels in the last week to reach 159 million barrels above average for this time of year: Source: Bespoke Ordinarily one would assume that the crude oil price would be … Continued
Via War Tard Word on the ground at the Pentagon is that the Obama Administration’s foreign policy is viewed as so inept, directionless and without clear objective that the US Joint Chiefs of Staff have had to step … Continued
A large institutional trader decided today was a good time to put on a large and slightly complex options trade in the XLE (Energy Select Sector ETF ). This options trade which is called a risk reversal involved buying 30,000 … Continued
Gold and energy equity ETFs formed bullish engulfing candlesticks during today’s trading session after printing bullish hammer reversal candlesticks yesterday: GDX (Daily) OIH (Daily) The backtest results for a bullish engulfing candlestick in OIH are especially impressive … Continued
In his latest webcast investor presentation fund manager Jeffrey Gundlach to illustrate why he can’t be a secular bull on crude oil yet, even at $30/barrel: U.S. crude oil production is still above the level it was at when … 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