Wealth Creation Through Natural Resources
We are starting to see some very constructive bottoming patterns among individual energy names. One name in particular that we have had an eye on in recent weeks broke out on heavy volume from a head & shoulders bottom pattern … Continued
All the talk over the weekend has been about a ‘Grexit’ (a Greek exit from the euro) as the new Greek Finance Minister, game theory expert Varoufakis, continues to follow his path of utilizing a “hostage situation” negotiation strategy with Greece’s … Continued
An interesting phenomenon occurred in crude oil markets last week: As WTI crude oil rose nearly 10% for the week, the OVX (CBOE Crude Oil Volatility Index) also rose and actually broke-out above an area of previous resistance near 60. This … Continued
Better than expected jobs growth during January and a strengthening trend in non-farm payrolls sent gold futures tumbling lower this morning: The warning signs for gold have been mounting in recent days. First it was the large spike in speculative long … Continued
Oil implied volatility as measured by the OVX (CBOE Crude Oil Volatility Index – at top of chart below) is breaking out to the highest levels seen since the 2008 Global Financial Crisis: Meanwhile, realized volaility (as measured by the average … Continued
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