Wealth Creation Through Natural Resources
While equities have stumbled out of the gate to begin 2016 gold has started the year with a bang, rising by more than 5%. The next big challenge for gold is the 38.2% Fibonacci retracement of the January-December 2015 decline … Continued
During bull markets one of the best places to look for new long ideas is the list of stocks with highest short interest. However, during bear market cycles heavily shorted stocks tend to underperform and sometimes by a wide margin … Continued
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF – “Medallion” or the “Company”), today provided an update on its plans for 2016 with a focus on moving towards rare-earth production. “2015 was a difficult year for the rare-earth … Continued
The gold miners (GDX) rallied for a 6th consecutive trading session today making for a 14.5% gain since last Tuesday’s all-time low at $12.40: GDX (Daily) In the last few years a six session winning streak in GDX has happened … Continued
U.S. crude oil inventories rose a stunning 8.38 million barrels in the last week to reach 159 million barrels above average for this time of year: Source: Bespoke Ordinarily one would assume that the crude oil price would be … Continued
Less than 24 hours after Jeff Gundlach uttered the following words “they have got to dial this [hawkish] rhetoric back or the markets are going to humiliate them.”, gold broke out above a level it had previously had some trouble with, … Continued
Gold in US dollar terms is making fresh 3-month highs this morning as it looks increasingly like a rounding bottom pattern was completed between November and January: Meanwhile, the gold miners (GDX) are rising for the 5th consecutive session … Continued
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
The gold miners (GDX) have spent 6 months bouncing along the bottom testing the ~$13 level: GDX (Daily) There are a few things that stand out about this chart: A huge amount of volume has been churned in the … Continued
A large institutional trader decided today was a good time to put on a large and slightly complex options trade in the XLE (Energy Select Sector ETF ). This options trade which is called a risk reversal involved buying 30,000 … Continued