Something Doesn’t Add Up
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
4 Reasons The Fed Will Not Raise Rates Next Week
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
3000 Metre Reverse Circulation Drill Program Begins Over the Paciencia North Joint Venture Area
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
The Gold Miners Have Put In A Bottom…. Seriously
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
3 Reasons It’s Time To Buy Copper
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
Probability of Epic Oil Market Shakeout Increases
Goldman Sachs essentially stating that the oil market might be headed for an epic shakeout over the next couple of months: To make matters worse an additional ~600,000 barrels per day of production could come online over the next couple … Continued
Oil Stocks Break Support; Poised For More Downside Into Year End
A clean break of support in the energy sector today as OPEC disappointed on Friday and institutions liquidate losing positions into year end: XLE (Daily) The volume and velocity of the recent decline is particularly significant – the August … Continued
Gold Rallies More Than 2% As Commercials Cover Short Positions
Today’s 2%+ rally in gold comes after the latest Commitments of Traders Report (December 1st) from the CFTC shows that commercials have almost covered their entire short position in gold futures: This is unprecedented given that commercials are … Continued
Volatile Beginning To December Could Be A Bearish Omen For The End of 2015
An interesting statistic was brought to my attention this morning by Ryan Detrick: With a 1%+ closing move today the S&P 500 will have begun December with a +/- 1% or more move each of the first four days of the … Continued
What to expect from Continental Gold in 2016
With gold currently around US$1,064 an ounce, the gold mining industry is focused more on survival than M&A. But as producers mine ore and attempt to grind out a profit as gold moves lower, they are constantly depleting their resource. If … Continued