Wealth Creation Through Natural Resources
From Mark Hulbert: The Dow Transports haven’t gone anywhere during the past couple of months even as crude oil has fallen a further 20%+ in the same time period. This is a very interesting phenomenon given that one would think … Continued
The Canadian dollar (loonie) has completely fallen apart during the month of January, moving from 1.16CAD to the USD to over 1.27CAD to the USD this morning. By currency market standards this is an ENORMOUS move which has deep ripple … Continued
Bears come out to play as Gold, Silver, Platinum and Gas among other commodities get mauled MarketWatch: Gold post biggest drop in the past 14 months!!! Mining.com: Potash Corp profit rips 77% on record sales CNNMoney: Obama’s Boom Town… check that, Obama’s … Continued
We have hand picked the 5 most promising charts in the junior resource space – presented in reverse order: 5. Red Eagle Mining (RD.V) After a blistering 60%+ rally during the past several weeks, shares of RD.V have cooled off a … Continued
At the Vancouver Resource Investment Conference last week, CEO.ca was pleased to catch up with Andre Gaumond, CEO of Virginia Mines (VGQ.T). Virginia is in the process of merging with Osisko Gold Royalties (OR.T) to create the next mining royalty … Continued
US crude inventories are at record highs and production is at the highest levels in several decades. Meanwhile, refinery outages (both planned and unplanned) are helping to put a crimp in near term demand – from Bloomberg Briefs: This market … Continued
Bloomberg: Oil baron Hamm shares outlook on spending and Oil production CEO: Zinc is facing a substantial supply deficit, InZinc may be in prime position Oilprice.com: Gangs, Guns and Crooked Cops threaten Mexico’s energy future development more than the Price of Oil… MarketWatch: US market … Continued
Front month crude futures briefly touched $44.52/barrel following the weekly oil inventories report from the EIA which contained the following sentence: “At 406.7 million barrels, U.S. crude oil inventories are at the highest level for this time of year in at … Continued
A wild day in the equity markets and some early signs of a bottom in crude. Here’s what we are reading this evening… Marketwatch: He called $50 oil, now he says it’s going lower….although he also agrees that $60-$70 is … Continued
There are some constructive signs mounting in crude oil: Demand has clearly picked up in the US as drivers enjoy sub-$2 gasoline prices in many parts of the country Sentiment on crude oil is the worst its been in a … Continued