Wealth Creation Through Natural Resources
The gold miners (GDX) have rallied a whopping ~35% in the last month. However, we have seen this movie before and watched many rallies quickly fizzle and the goldies slump to fresh all-time lows. In fact, just two months ago we … Continued
A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair … Continued
A notable divergence took place today between gold miners (GDX) and gold itself: GDX rose 2.46% as gold fell 1.1%. This is a large divergence which could be explained by a multitude of factors (month end rebalancing, ~2% rally in … Continued
Gold is ripping higher this morning amid heightened fears of global deflationary pressures and a slew of central bank rate cuts (Norway, Taiwan, etc.): This morning’s move higher is highly significant because price decisively broke above last week’s resistance … Continued
Via CEO.ca and written by: Tommy Humphreys These are still early days at Skeena Resources’ $SKE (TSXV) Spectrum gold project, located in B.C.’s Golden Triangle, but early signs are promising. It’s where Skeena chairman Ron Netolitzky is going for his … Continued
Gold finished the week strong with a nearly $40 rally between Wednesday morning and Friday’s close on the back of the Federal Reserve’s decision to keep interest rates on hold. The CFTC Commitments of Traders Report helps to explain the … Continued
The yield on the 30-year Treasury Bond has rallied more than 35 basis points since late-August: However, there is good reason to believe there isn’t much risk of more upside in bond yields regardless of what the Federal Reserve … Continued
The GDX made a fresh all-time low this morning and the HUI (Gold Bugs Index) reached levels it hasn’t seen since 2002: However, there were a couple of small glimmers of hope: GDX printed a hammer reversal candlestick after … Continued
“At a market bottom, falling prices eventually force out large numbers of traders, resulting in volatility and increased volume.” ~ Cory Mitchell (Investopedia) This quote on market bottoms perfectly sums up the gold miners (GDX) during the last couple of years: … Continued
One of the most successful investors in history, Carl Icahn, has taken a roughly 8.5% stake in copper/gold mining giant Freeport-McMoran (FCX). Shares of FCX have been battered in recent months, dropping nearly 70% since early May: Icahn is most … Continued