Wealth Creation Through Natural Resources
Less than 24 hours after Jeff Gundlach uttered the following words “they have got to dial this [hawkish] rhetoric back or the markets are going to humiliate them.”, gold broke out above a level it had previously had some trouble with, … Continued
Gold in US dollar terms is making fresh 3-month highs this morning as it looks increasingly like a rounding bottom pattern was completed between November and January: Meanwhile, the gold miners (GDX) are rising for the 5th consecutive session … Continued
The gold miners (GDX) have spent 6 months bouncing along the bottom testing the ~$13 level: GDX (Daily) There are a few things that stand out about this chart: A huge amount of volume has been churned in the … Continued
Since gold and gold mining stocks took a precipitous dive in late-October there is only one large cap gold mining stock which has seen its share price actually rise: During the last 3 months ABX shares have actually gained … 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
TORONTO, ON –(Marketwired – January 20, 2016) – Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) (“Continental” or the “Company”) is pleased to announce that it has finalized its application for an amendment to the environmental permit (the “EIA application”) for … Continued
The correlation between gold stocks and the metal which they extract from the earth has been getting more unhinged recently and today reached an extreme with gold basically flat on the day while gold mining shares (GDX) were down 4.7%: … Continued
The break down in Treasury yields that we warned about a couple days ago came to fruition today: 10-year Treasury Yield (Daily) This is a significant breach of a key level of support (2.13%) and the breakdown offers a … Continued
As we pointed out on Friday gold in US dollar terms has completed a significant chart pattern bottom with last Wednesday/Thursday’s high volume breakout: Gold (Daily) Meanwhile, market participants couldn’t be more poorly positioned for further upside in gold: … Continued
This afternoon’s Commitments of Traders report released by the CFTC was surprising in that we learned that small speculators actually increased net short length during the week ending January 5th and large speculators did not significantly increase net length (which … Continued