Wealth Creation Through Natural Resources
Via War Tard Word on the ground at the Pentagon is that the Obama Administration’s foreign policy is viewed as so inept, directionless and without clear objective that the US Joint Chiefs of Staff have had to step … 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
A wild day in the equity markets and some early signs of a bottom in crude. Here’s what we are reading this evening… Marketwatch: He called $50 oil, now he says it’s going lower….although he also agrees that $60-$70 is … Continued
During the week ending January 20th hedge funds increased short positions in WTI crude oil futures to the highest levels since September 2010: There is an interesting dynamic developing in the crude market: Inventory builds are expected to be huge … Continued
Lots of quality material to read over this weekend: Peter L. Brandt: The NYSE Composite is forming a near textbook continuation H&S pattern, get ready for a big upside move in US equities. Barron’s: “Regardless of the reason, if banks aren’t … Continued