Wealth Creation Through Natural Resources
After a period of relative calm precious metals and markets as a whole are entering a potentially intriguing phase. Here’s what I mean: After moving higher in nearly a straight line for the last two months U.S. equities are … Continued
The gold miners (GDX) have been on a mission – in the last 5 trading sessions the GDX has gained nearly 17%! The target from Friday’s bull flag breakout ($23) has almost been achieved and the question now becomes, what’s … Continued
After a multi-week digestion within a ~10% range the gold miners (GDX) broke out on Friday: GDX (Daily) Breakout above $21 targets measured move to $23. While the breakout is impressive in and of itself in terms of … Continued
The gold miners (GDX) have been essentially range-bound within a ~10% trading range for the last six weeks, however, that might be about to change: GDX (Daily) After coiling within a pennant pattern for the last couple of weeks … Continued
After suffering a vicious bear market for the last 5 years (down more than 80% from the 2011 cyclical peak), the junior resource sector has experienced a strikingly bullish change of character in the first few months of 2016: … Continued
Gold found support exactly where it was supposed to this morning: Gold (Daily) The confluence of the rising 50-day simple moving average, the lower 2-standard deviation Bollinger Band, a key pivot point ($1212), and good old fashioned support turned … Continued
In March we witnessed the largest monthly inflows to emerging markets since June 2014: This is a very bullish chart because it bodes well for commodities and global growth. The emerging markets unwind has been one of the biggest … Continued
Gold producers haven’t been this short of gold futures since a couple of months before the April 2013 gold crash: Gold (5-year) with Commitments of Traders (below) So we have hedge funds and CTAs heavily long on one side … Continued
Gold has fallen more than $70/oz since peaking at $1287.80 a couple of weeks ago: Gold (Daily) Gold has traded within a roughly $40 range for the last six weeks – this week’s downside break from the range makes … Continued
The gold miners took a beating today as gold tumbled nearly $30/ounce. The GDX has been bumping its head up against resistance ($21) for a couple of weeks as bearish divergences accumulated; with today’s heavy volume ‘gap & go’ 7.53% … Continued