Wealth Creation Through Natural Resources
Mining.com: CHARTS, Gold vs Fed debt shows fair price for Gold Bloomberg: Veto’d keystone XL bill may have a solution in Canada 321gold: Bull case for gold this year and the Bear CNBC: If it looks and smells like a Bull, it is a … Continued
Via CEO.ca, Chad Ulansky cut his teeth on Ekati, Canada’s first diamond discovery, but it’s uranium that he’s hunting for now in Canada’s frozen North. The Kelowna geologist is president and CEO of Northern Uranium (TSXV:UNO), which is exploring in … Continued
Rob Hanna over at quantifiable edges has an excellent post up this morning which highlights what has historically happened when there are large intraday rallies such as the one we saw on Friday which are followed by tight consolidations like we … Continued
This is the first Daily Commodity Chart Wrap at Energy and Gold.com. Each day we will select a few of the most important commodities charts to post along with some light commentary. West Texas Intermediate Crude Oil (Daily) WTI fell … Continued
The yield on the 10-year US Treasury note has surged 50 basis points in the past few weeks and in turn gold has fallen nearly $100/oz. The negative correlation between yields and gold has been strong for the last 6 years … Continued
What began as a garden variety pullback after a white hot ~25% rally in the first 3 weeks of the year has turned into a full blown double-digit correction with a retest of crucial support/resistance currently underway: The ~$20 … Continued
While most market participants have been focused on crude oil, natural gas is poised for a powerful upside move over the coming weeks: A fairly impressive rounding bottom pattern has formed during the last month in front month natural gas … Continued
All indications are that we are at a very interesting moment for crude oil. Oil market analysts have been calling for a supply glut during Q2 2015 that would continue to weigh on crude oil prices. However, we are seeing reasons … Continued
Gold briefly breached the key psychological $1200 level before finding support at a likely spot: The 61.8% retracement of the entire November-January rally happens to also coincide with the uptrend drawn through the December and January lows and the lower … Continued
Thus far, front month WTI Crude Oil futures have been unable to breakout above resistance near $54: A further pullback to the $52 area would still keep the uptrend from the January 29th low intact and it’s quite likely, given … Continued