Wealth Creation Through Natural Resources
Gold spiked $10 this morning ahead of the Fed’s big announcement which comes at 2pm EST: Gold (5-minute) $1075 is a minor resistance level with a much bigger area of resistance coming in around ~$1090. A rally above $1090 … Continued
One of the best performers on the TSX-Venture exchange this year, Select Sands (SNS.V), is already up nearly 500% during 2015 and looking to add to its gains as it breaks-out from a multi-week ascending triangle pattern: SNS.V (Daily) … Continued
This is a really smart note from @rareviewmacro: To boil this down, a rate hike on Wednesday will likely to serve to only ‘tighten’ market conditions further, whereas, a decision to keep rates on hold would generate a sell-off … Continued
The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong employment reports) which has led to the market anticipating a 25 basis … Continued
What we are reading this morning: McClellan – There are plenty of reasons to be bearish on stocks heading into 2016 Dana Lyons – Gold Speculators Haven’t Been This Bearish In 13 Years Value Walk – Third Avenue Credit … Continued
Since the odds of a Fed rate hike at its December meeting shot up above 80% gold has actually outperformed the S&P 500: Gold vs. S&P 500 since November 20th This outperformance is widening further today as … Continued
Next week the Federal Reserve is set to make its final monetary policy announcement of the year and 100% of economists surveyed by Bloomberg predict that the Fed will raise rates. While 100% demonstrates a high level of conviction among this … Continued
TORONTO, ONTARIO–(Marketwired – Dec 9, 2015) – Arena Minerals Inc. (“Arena” or “the Company”) (TSX VENTURE:AN) is pleased to announce that Teck Resources Chile Limitada (“Teck”) has commenced a 3,000 metre reverse circulation (“RC”) drill program on the Paciencia North … Continued
While the gold miners (GDX) continue to experience significant day to day volatility the ratio chart of GDX relative to the S&P 500 (SPY) shows a clean double-bottom pattern with a notable bullish momentum divergence: GDX/SPY (Daily) The October/November … Continued
Copper has suffered a painful decline of more than 30% since May: Copper (Daily) Meanwhile bearish sentiment has continued to grow stronger as price has fallen farther. However, there are some very good reasons why it may be time … Continued