Wealth Creation Through Natural Resources
The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and … Continued
After a few years of healthy gains we have seen the median existing home price slip roughly 6-7% during the 2nd half of 2015: Notice the stair-step pattern of price appreciation since 2011. Are we ready for the next … Continued
3 very different companies in 3 different sectors with 3 unique potential breakout charts as we enter 2016: ABX Barrick Gold (ABX) has been bumping up against resistance near $8.00-8.30 for much of the 2nd half of 2015. A … Continued
The January effect is the theory that small cap stocks perform better in January than in any other month of the year. This is due to the idea that investors sell losing positions in December to capture losses for tax … Continued
This chart from RBC Capital Markets Research shows that non-precious metal mining shares are almost as cheap as they were at the depths of the 2008 Global Financial Crisis market crash: According to RBC non-precious metal mining shares are … Continued
Futures speculators have spent the last few months amassing a more than $50 billion net notional short position in Treasury futures: This massive short position is even more significant given that the 10-year yield is nearing the apex of a … Continued
There have been a couple of notable developments in commodity related charts in the last couple of days: AA (Daily) Alcoa (AA) has formed a head & shoulders bottom during the last couple of months. The neckline of this … Continued
The backdrop for U.S. housing is a mixed one. On one hand mortgage rates remain historically low and show no signs of rising anytime soon, and on the other hand existing home sales have begun to drop off recently and … Continued
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 22, 2015) – Cancana Resources Corp. (TSX VENTURE:CNY) (the “Company” or “Cancana”) and its joint venture partner Ferrometals, together Brazil Manganese Corporation (“BMC”), provided an update on exploration activities. Highlights include: 6,710 meters of drilling … Continued
AAPL has spent most of 2015 forming a mature topping pattern: AAPL (Weekly) An end of year rally back up to the $112-$115 area would be par for the course before a much larger decline takes place early next year. … Continued