Wealth Creation Through Natural Resources
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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
The following two charts help to explain the seemingly relentless bid in crude oil: We are well above average in terms of demand for both gasoline and crude oil for this time in the year. Moreover demand usually does … Continued
via Stock-Telegraph.com Already in January during my trip to Vancouver I was introduced to a very interesting company by one of my Canadian brokers. He was speaking very highly of the strategy and achievements of Jericho Oil Corp. (TSX-V: JCO) … Continued
This morning Select Sands Corp. (SNS.V) announced that they have entered into a letter of intent in respect to a proposed purchase by Comstock Metals (CSL.V) of Select Sands’ Preview SW gold project located in the La Ronge district of … Continued
VANCOUVER, BC and TULSA, OK–(Marketwired – May 16, 2016) – Jericho Oil Corporation (“Jericho”) (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it has published its Annual Letter to Shareholders from Chairman and CEO, Allen Wilson. The full text of the … Continued
The total speculative net notional length in silver futures is currently at a record ~$8 billion! Surpassing even April 2011 levels when silver nearly touched $50/ounce: While this sort of record interest is indicative of a bull market, to … Continued
WTI crude oil has nearly doubled from its February low, meanwhile the performance of oil stocks has begun to lag noticeably: There are many reasons for this phenomenon, and many reasons why the oil/oil stock divergence has widened significantly … Continued
Since first surmounting the 2100 level in early 2015 the S&P 500 has peaked above 2100 on six different occasions (including last month) and in the process churned a tremendous amount of volume during consolidations just below these peaks: … Continued