Wealth Creation Through Natural Resources
I was chatting with renowned technician J.C. Parets a couple of days ago for an interview that will be publish next week and he mentioned the Fibonacci cluster around 2140 on the S&P 500 as an upside target for the current … Continued
Since gold topped out near $1307 in late-January the yellow metal has followed a standard script in its descent; violent $10-$20 down moves that occur in a matter of seconds or minutes followed by much lengthier sideways or slightly rising … Continued
From CEO.CA: “In the last 9 years the reserve pricing used for 5 senior producers has gone from $365/oz to $1,200 ounce (+230%) while the gold price has only increased 184%. Mr. Wolfson found in the last 10 years the average … Continued
Encouraging comments from Colombian Minister of Mines and Energy Tomas Gonzalez this morning at PDAC sent Continental Gold (CNL.TO) shares soaring 10% before pulling back late in the trading session. Gonzalez stated that Buriticá’s environmental permit could come in May, a couple of … Continued
Realized volatility in gold has dropped by 50% in the last month and is at the lowest levels since last October (just before gold fell nearly $100/oz): GLD rolling 7-day average true range (ATR) at bottom has fallen 50% … Continued
Pretivm Resources Inc. (PVG.TO) – Bob Quartermain Interview Of undeveloped gold projects globally, few have the grade, size and potential of Pretium Resources’ Brucejack gold project, and specifically, the Valley of the Kings area, near Stewart, British Columbia, which contains … Continued
Daily Commodity Chart Wrap 3/3/2015: S&P 500 vs. Brent Crude Oil Since 2008 After being positively correlated during the 2008-2012 time period, Brent crude oil and US equities have markedly diverged in the past couple of years Gold (Daily) … Continued
Some scientifically curated links for your reading pleasure… Tim Duy’s Fed Watch: Game On WSJ: India’s Gold Buying to Pick Up After Budget Daily Speculations: What is a Trader, Victor Niederhoffer The Contrarian Corner: Mute the Fed Steenbarger: A … Continued
Not much has been talked about palladium recently, but weak supply growth and strong demand from auto-producing countries has ignited a powerful breakout in this white metal: The breakout above $820 from a 6-month base initially targets $860 followed … Continued