Wealth Creation Through Natural Resources
OPEC crude oil production surged by roughly 1 million barrels per day in March after consecutive months of decline: Meanwhile, there is some question about US production declines as the data doesn’t paint an entirely clear picture. Production is … Continued
Oil services stocks as represented by the OIH (roughly 1/3 of the OIH is comprised of two names, HAL and SLB) have been hot for the past month, gaining nearly 20% since the March 16th low: This is the 3rd … Continued
Despite crude oil’s recent rally global demand is still expected to downtick for the next few weeks before surging in May in anticipation of the summer driving season: Crude oil traders are clearly looking past the current bearish market dynamic (record … Continued
In the last 6 months WTI crude oil has fallen 5% or more on a single day on 4 different occasions and on each of these occasions it has risen the following day (including gains of 5.03% on December 1st, … Continued
Daily commodity chart wrap 4/7/2015… WTI Crude Oil (Daily) WTI tested the $54 resistance level today. While this is at least the 3rd time this level has been tested during 2015, it is the first time since February so … Continued
The $78-$80 area has been a huge price magnet in the XLE since the oil crash last September-October, and it is no accident that price has paused in front of this level for the past couple of weeks: In many … Continued
I have not kept it a secret that I have been looking for a marginal new low in WTI crude to wash out weak handed bulls followed by a violent upside reversal. Today this scenario happened in a most unexpected … Continued
The only story that matters across global financial markets right now is the parabolic ascent of the US dollar: The implications of what ‘excessive’ US dollar strength could lead to across global financial markets has created a recent environment … Continued
At the Subscriber Investment Summit in Toronto last week, Energy and Gold took in 15 presentations from leading junior mining and energy CEOs hand picked by three well known investment newsletter writers. One company, Canamax Energy (CAC.V), was introduced as the largest … 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