Wealth Creation Through Natural Resources
After a parabolic rally (sell-off in the Canadian dollar) to begin the year, the USD/CAD has been working on putting in a top for the past couple of months: The key level to watch here is 1.2380 – a … Continued
Oil services stocks as represented by the OIH (roughly 1/3 of the OIH is comprised of two names, HAL and SLB) have been hot for the past month, gaining nearly 20% since the March 16th low: This is the 3rd … Continued
Via Epstein Research: I should start by saying that I’m reasonably well versed in mining stocks, I consistently lose money in all cycles! So, I thought I would breeze through this treatise in about an hour. And, I could have, … Continued
A powerful, and frightening, conclusion as to what’s causing the recent trend of plunging global inflation rates via Bond Vigilantes: “The consequence of China’s overinvestment was to create excess supply and overcapacity, which has proven disinflationary, but now China has to … Continued
Hedge fund legend Stan Druckenmiller is out sounding the alarm that the current economic backdrop does not warrant the Federal Reserve maintaining highly accomodative policies including ZIRP: “I feel more like it was in ’04 when every bone in my … Continued
Despite crude oil’s recent rally global demand is still expected to downtick for the next few weeks before surging in May in anticipation of the summer driving season: Crude oil traders are clearly looking past the current bearish market dynamic (record … Continued
While the casual market observer might look at Friday’s 1.18% rally in gold, closing modestly back above the $1200/oz level, as nothing to write home about. Friday’s session offers some subtle bullish signs that should not go ignored: Many … Continued
Yesterday my good friend and noted market technician J.C. Parets made a major shift in his position on Treasury Bonds and the potential future direction of interest rates: While it is just a trade with highly attractive potential reward relative … Continued
In the last 6 months WTI crude oil has fallen 5% or more on a single day on 4 different occasions and on each of these occasions it has risen the following day (including gains of 5.03% on December 1st, … Continued
After suffering through what have arguably been the most challenging few years in the company’s history, Barrick (ABX) investors may finally be ready to profit from a sustainable turnaround in the company’s fortunes. ABX has right sized its cost structure … Continued