Wealth Creation Through Natural Resources
Legendary hedge fund manager Stan Druckenmiller gave a presentation at the Ira Sohn Conference last week entitled “The Endgame”. It has been a while since an investment presentation had such an impact upon me so I decided to highlight some … Continued
Commercial speculators have amassed a more than $38 billion net notional short position in gold futures which is the largest short position by the commercials since September 2012: While the $38 billion short position is impressive it is still … Continued
By most accounts Donald Trump is a billionaire and he often reminds us of this with sentences such as “I’ve done great…” or “I don’t need anybody’s money….i’m really rich.” Most people think that if someone is able to accumulate … Continued
Yesterday we asked the question “Sell in May and Go Away in the Goldies?” and today we saw some of the most aggressive selling and bearish candlesticks we have seen in the mining sector in quite some time. Today’s action … Continued
There is a lot of talk about “sell in May and go away” every year when spring begins to fade into summer. This year is no different especially after today’s bearish reversal from outside the upper Bollinger Band in the … Continued
A couple of days ago I wrote that if gold was still in a longer term bear market (which began at the August 2011 top) then the acceptance stage of the current rally would mark a short/intermediate term top. However, … Continued
The following graphic from RBC is especially interesting because it illustrates that physical gold demand declined significantly during the 1st quarter of 2016 despite strong price performance (up ~15%) from the yellow metal: This data also gibes with futures … Continued
Small speculators in gold futures have accumulated the largest net notional long position in gold futures in more than 3 years: As of the most recent CoT data small speculators (independent traders, usually not hedge funds or CTAs given … Continued
“Most investors and all unsuccessful investors focus on noise and ignore signal.” ~ Bob Moriarty One of our favorite guests on Energy & Gold, Bob Moriarty, just published a practical and insightful book chronicling some of what he has … Continued
The gold miners as represented by GDX printed a bearish reversal candlestick today after making a new 20-month high earlier in the trading session: GDX (Daily) This particular pattern is especially bearish for the following reasons: A new high … Continued