Wealth Creation Through Natural Resources
This morning’s stronger than expected monthly payrolls report has sent the US dollar index soaring and gold tumbling: US Dollar Index (December futures) Gold (December futures) Gold smashed through minor support around $1100 and now finds itself … Continued
Aside from drawing arrows in Christmas colors the following chart serves to highlight an unmistakable relationship that has existed between Treasury yields and gold during the last year: 30-year US Treasury Bond Yield (top) vs. Gold (bottom) The inverse … Continued
$12.2 trillion will be invested in global power generation in the next 35 years and the Tesla Gigafactory is just the beginning According to a Bloomberg report earlier this year, $12.2 trillion will be invested in global power generation … Continued
The recent rally in the oil services sector (OIH) which we highlighted yesterday has also lifted the silica sands producers which supply the oil industry. The ‘big dog’ in the silica space, US Silica (SLCA), has rallied nearly 60% in … Continued
After a 54% decline since June 2014 the oil services sector (OIH) is on the brink of confirming that a long-term bottom has been put in place: OIH (Weekly) Momentum and volume divergences at the summer lows A weekly … Continued
A variant view on oil from Ecstrat’s Emad Mostaque: With oil cap-ex essentially falling off a cliff the stage will be set for a significant supply fall-off by 2017, meanwhile demand will continue to steadily increase. This should result in oil … Continued
In less than a month bitcoin (BTC/USD) has rallied 50% from around $240 to over $360 today. The volume and intensity of the rally has really picked up during the last 3 days, to the point that this appears to … Continued
Ever since early September we have been pounding the table that the path of least resistance for equites was higher because there were simply way too many bears. October’s ~8.5% rally and best single-month performance for the S&P 500 in more … Continued
The recent trend in economic data is, to put it nicely, poor. Factory orders, new home sales, corporate profit margins, and various indicators of global growth are all trending lower with many reaching lows not seen since 2009: Factory orders … Continued
Arena Minerals (TSX-V: AN) is a Canadian based prospect generator that is committed to identifying and creating value in Chile’s premier copper and gold mining districts. While many multi-national mining companies have exited Chile in the past couple of years, Arena sees … Continued