Wealth Creation Through Natural Resources
Many senior gold producers hit fresh 52-week highs early in today’s trading session. However, there are some early warning signs that the gold mining sector is beginning to experience some exhaustion. While the miners have continued to move higher, 3 of … Continued
Among other market developments in 2016 we have seen a breakdown in the spread between the 2-year treasury note yield and the 10-year treasury note yield: 2s/10s spread (gold below) The last time that the yield curve flattened significantly (2003-2006) … Continued
Indian jewelry buyers and investors account for a sizable chunk of annual gold demand and last year Indian gold buyers made India the 2nd largest gold consuming nation, 2nd only to China: From Sudheesh Nambiath, Adam Turchioe, and Libin Zhou … Continued
This is the chart to watch right now: 10-year Treasury Note Yield The yield on the 10-year Treasury Note has been wedging its way lower for the last few months and is once again knocking on the door of … Continued
The yield on the 10-year U.S. Treasury note has been coiling since making a low in February: 10-year U.S. Treasury Yield (gold/10-year yield correlation below) It is likely that the series of lower highs and higher lows which … Continued
Tuesday’s big sell-off in gold with a break below the 50-day simple moving average and key support near $1250/oz looks to have generated a significant liquidation in what was a couple weeks ago a near record net long position by … Continued
The latest commodities report from RBC states that gold is in fair-value territory primarily due to the fact that bearish sentiment has jumped in the past few weeks: The final sentence is also telling: “With all eyes on the … Continued
The gold miners got hammered today with a 5.51% sell-off in the GDX on relatively heavy volume. However, an interesting fact is that GDX has a pretty good track record following 5%+ one day declines. In fact the last four … Continued
The gold miners took a beating today in the form of a 7.90% decline on more than 2x average daily volume. Aside from the already mentioned bearish implications of a decline of this magnitude, the backtest results for declines on … Continued
We have not made it a secret that we have interpreted the recent volatile, high volume trading range in the gold miners (GDX) to be a bearish prelude to a summer correction. After more than doubling from the all-time low made … Continued