Wealth Creation Through Natural Resources
GDX is up nearly 6% this week. Is this rally for real? From all indications the answer is a resounding YES! Here’s why: The chart pattern breakout from the multi-week ascending triangle is the real deal and targets a move … Continued
Gold marginally broke below support on Friday, breaking down from a small H&S top pattern: The breakdown from this pattern targets a test of the March lows ($1140-$1150). However, the “break” was not as clear or as powerful as we … Continued
The recent outperformance of the gold miners (GDX) relative to gold itself has been quite striking: My primary takeaways/interpretations of this recent outperformance are as follows: Investors are betting that gold is at the end of a cyclical bear … Continued
I came across two powerful China charts from J.P.Morgan this weekend: During the last decade the correlation between Chinese monetary conditions/nominal GDP growth and commodities is almost uncanny; the CRB bottomed at the exact month that China monetary conditions bottomed … Continued
GDX is on the brink of one of most anticipated “breakouts” we’ve seen in quite a while: There is a lot going on in the above chart and the situation is by no means clear. Here is some of … Continued
After suffering through what have arguably been the most challenging few years in the company’s history, Barrick (ABX) investors may finally be ready to profit from a sustainable turnaround in the company’s fortunes. ABX has right sized its cost structure … Continued
On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit taking ahead of a big resistance level near $20: From my vantage point the … Continued
Gold miners as represented by the GDX are threatening to fall for the 6th consecutive trading session after they were once again repelled near the $20 support/resistance level: A fun fact is that even during the gold mining bear … Continued
Our partner site CEO.CA has brought forth a chat app called chat.ceo.ca which is revolutionizing the way that investors share news and discuss junior resource investments. Tommy Humphreys, co-founder of Energy and Gold.com and founder of CEO.CA, is the visionary … Continued
Less than 10 days ago the gold miners were being pushed to the brink of collapse as gold waffled in the mid $1100s. This morning after an impressive rally to finish last week the gold miners are back to being … Continued