Wealth Creation Through Natural Resources
Last week was a messy one for the gold miners. It began with yet another failure to break-out above resistance followed by what was shaping up to be a steep decline before buyers stepped in and price closed down a … Continued
This is an interesting graphic courtesy of RBC illustrating a large drop-off in managed money (CTAs, commodity pool operators, etc.) positioning in commodity futures: After reaching extremely high net long exposure earlier last year before the crude oil crash, managed … Continued
Some superb technical analysis on bond yields by RBC Chief Market Technician George Davis this morning: The recent bottom in crude oil saw inflation expectations rise which in turn led to the surge in global bond yields we have witnessed over … Continued
It might be hard to believe but WTI crude has rallied nearly 50% since March 17th. While crude’s recent rally has certainly taken the crowd by surprise (as illustrated by tremendous short covering in the exchange traded fund USO) there’s … Continued
Back in January and February when the crowd was extremely bearish on crude oil we witnessed a striking bullish divergence in the strength of energy stocks. This relative strength from energy stocks proved to foreshadow the bottom that crude oil … Continued
Famed bond fund manager Jeffrey Gundlach gave a presentation at the New York Yacht Club today in which he reiterated a $1,400 target for gold by year end. From what I gather Gundlach has two primary tenets to his bullish … Continued
Yesterday the new “Bond King”, Jeffrey Gundlach, spoke at the Ira Sohn Investment Conference and emphatically stated that interest rates have bottomed. This morning we are seeing more downside in Treasurys and the yield on the 10-year note is rising … Continued
I resided in the City of Baltimore for one thousand five hundred seventy-seven days. I actually pulled up to my husband’s medical school graduation in a U-Haul truck. I had enthusiastically packed. During my 4-year stint there, the city’s population … Continued
We are seeing a very interesting dynamic take hold in crude oil futures markets: In recent weeks we have witnessed a confluence of forces; speculators have covered shorts in large numbers while also aggressively adding to long positions, meanwhile, producers … Continued
Via TD Securities equity research: Over the weekend, Continental Gold announced that its was on track to complete permitting for its Buriticá (100%) gold project in Colombia, by the end of Q2/15. Management suggested that for an update expected at … Continued