Wealth Creation Through Natural Resources
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
Platinum has historically traded at a significant premium to gold, however, recently this relationship has been flipped upside down with gold trading $250/oz above platinum: Platinum (dark) vs. Gold (gold) since 1998 A bottom has formed in platinum during … Continued
IDM Mining is committed to moving forward one of Canada’s highest grade and most economic gold resources to production Targeting 100,000+ ounce (gold equivalent) of high-grade gold production in Western Canada’s most prolific gold district Permits expected by Q1 2017 … Continued
Via Market Anthropology: “As we mentioned in a note last month (see Here), the Federal Reserve Bank of San Francisco recently published an Economic Letter that argued by allowing inflation to overshoot the Fed’s 2 percent target, it would achieve … Continued
We have not kept it a secret in recent days that we have turned short term bearish on gold and gold miners. Today the gold miners as represented by the GDX sold off 4.3% and there are mounting signs of professional … Continued
Since breaking higher from a bullish pennant pattern on March 3rd gold has run into stiff resistance above $1275: Gold (Daily) The bearish divergences have begun to pile up and the volume & volatility expansion we have seen since … Continued
The gold miners have bumped their head up against resistance for 3 consecutive trading sessions and today’s large bearish engulfing candlestick may signal that a correction is underway for the best performing equity sector of 2016: GDX (Daily) The … Continued