Wealth Creation Through Natural Resources
The Russell 2000 (IWM) is up nearly 400% from the 2009 market bottom, however, judging by the following chart pattern breakout the final blow-off rally may have just begun: IWM has been in a messy consolidation since the end of … Continued
Mickey Fulp, The Mercenary Geologist, has come out with a tour de force post on the real cost of mining gold. Frankly, this post is long overdue and Mickey does an admirable job of delving into a wonkish and challenging … Continued
Everyone is talking about oil this morning, meanwhile Tommy Humphreys has an insightful piece on the future of small public offerings in Canada… Marketwatch: 3 reasons for oil’s crazy bounce Bloomberg: Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles CEO: TSXV vs … Continued
Last week we highlighted 6 positive signs for crude oil. As it would turn out less than 48 hours later crude would briefly break below $44 only to quickly reverse sharply higher and end the week above $47/barrel: As the saying … Continued
The gold miners are represented by the GDX have vastly outperformed gold thus far during 2015: This impressive display of relative strength has developed into a near perfect symmetrical triangle on the daily chart of GDX despite a relatively messy … Continued
The XOP (SPDR S&P Oil & Gas Exploration & Production Index) rose nearly 6% on the day for its 2nd strongest single day performance since December 2011: Today also marks the first daily close above its 50-day simple moving average … Continued
During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. … Continued
From a 2009 paper entitled “Value and Momentum Everywhere” by Asness, Moskowitz, and Pedersen: “Studying the interaction between value and momentum is also more powerful than examining each in isolation. The negative correlation between value and momentum strategies and their … Continued
This chart speaks volumes: A striking chart which seemingly shows the effectiveness of the FED’s extraordinary stimulus measures which began in early 2009 as opposed to the ineffectiveness of the ECB’s behind-the-curve monetary policy. While there are many other significant … Continued
An interesting timeline of the 2014-2015 Brent crude oil crash via Bloomberg Briefs: