Wealth Creation Through Natural Resources
Swiss removing cap on franc sent investors looking for a safe haven for their cash, they found a familiar place and have started buying Gold, hopefully a rally in Jrs will follow Mining.com: Six month high on high for gold as european … Continued
As pointed out a couple of weeks ago gold and gold stocks have been closely following the price pattern from August/September 2012 just before the Fed announced QE3. The analog is now reaching a potentially key inflection point: GDX (June-December 2012) … Continued
GoldCorp in the headlines today with the purchase of a new project, Oil looks to normalize in new trading range Mining.com: GoldCorp buys Probe mines promising gold project Seeking Alpha: Swiss abandonment of currency cap makes waves with Gold mining stocks … Continued
The crowd is convinced the ECB will launch a 500+ billion euro quantitative easing program on Thursday. Here is some of what we are reading this morning… Telegraph: Francois Hollande tells business leaders that the ECB will launch QE on Thursday … Continued
Financial Post: These two pipelines are doing what Keystone can’t 321gold: Silver ready to run? Mining.com: Cameco’s new uranium mine looks to produce 6-8mil pounds this year Swingtradingdaily: Heightened volatility = heightened risk, What am I doing… Business Insider: US Rig Count Falls By … Continued
The rally in gold miners which began in mid-December now measures over 31% and the GDX is threatening to move back above its 200-day moving average for the first time since early September: Given that other ‘bear market rallies’ during … Continued
The shock SNB move has caused some turmoil among foreign exchange brokers, meanwhile oil is heading for its longest weekly losing streak since the brutal 1986 oil bear market… Kimble Charting: Gold is attempting dual 4-year breakouts Bloomberg: Casualties From Swiss … Continued
U.S Stocks drop fifth day in a row as madness on the trading floors continues Financial Post: Super Mega Royal Dutch Shell feeling the squeeze of Oil prices Financial Post: Dividend cuts “next possible step” for Teck Resources Oilprice.com: Glut of oil … Continued
This morning’s gold rally has formed a highly significant breakout from a multi-month chart pattern bottom: A textbook head & shoulders bottom has formed during the past several months and this morning’s large move higher has formed a breakout above … Continued
The beginning of a new year has brought with it high levels of market volatility across asset classes, the Swiss National Bank (SNB) added to this trend overnight… Gartman: Swiss made worst central bank decision Bloomberg: SNB Unexpectedly Scraps Cap … Continued