Wealth Creation Through Natural Resources
During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. … Continued
Bears come out to play as Gold, Silver, Platinum and Gas among other commodities get mauled MarketWatch: Gold post biggest drop in the past 14 months!!! Mining.com: Potash Corp profit rips 77% on record sales CNNMoney: Obama’s Boom Town… check that, Obama’s … Continued
We have hand picked the 5 most promising charts in the junior resource space – presented in reverse order: 5. Red Eagle Mining (RD.V) After a blistering 60%+ rally during the past several weeks, shares of RD.V have cooled off a … Continued
At the Vancouver Resource Investment Conference last week, CEO.ca was pleased to catch up with Andre Gaumond, CEO of Virginia Mines (VGQ.T). Virginia is in the process of merging with Osisko Gold Royalties (OR.T) to create the next mining royalty … Continued
Bloomberg: Oil baron Hamm shares outlook on spending and Oil production CEO: Zinc is facing a substantial supply deficit, InZinc may be in prime position Oilprice.com: Gangs, Guns and Crooked Cops threaten Mexico’s energy future development more than the Price of Oil… MarketWatch: US market … Continued
Since forming a double-top at $1307/oz last week gold has formed a bearish technical pattern that could result in a move lower back down to the $1250s: A breach of the $1275 support level would set up a pullback to … Continued
Small speculators more than doubled their net length in gold futures ahead of the ECB’s quantitative easing announcement on Thursday: This is the largest net long position in gold futures that small speculators have had since early July which happened to … Continued
Check out these quality links and have a powerful weekend!! Bloomberg: ECB’s Quantitative Easing Program Is Open-Ended, Visco Says TraderFeed: Tracking Real Time Market Sentiment Through Buy and Sell Programs CEO.CA: Iamgold is going shopping with $800 million and a check list Bloomberg: Ruble … Continued
Investors stay on gold as the ECB implements QE CNBC: Investor Icahn predicts Oil will go lower Reformedbroker: World’s most reluctant stimulus package gets underway Oilprice.com: Even with possible future sanctions Schlumberger looks to make large acquisition of about half of Eurasia Drilling Co … Continued
After spending the 2nd half of 2014 in a steady downtrend, the euro currency has entered crash mode at the outset of 2015: EUR/USD is down more than 600 pips so far in January and the euro is down much more against … Continued