Wealth Creation Through Natural Resources
Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: … Continued
Some superb technical analysis on bond yields by RBC Chief Market Technician George Davis this morning: The recent bottom in crude oil saw inflation expectations rise which in turn led to the surge in global bond yields we have witnessed over … Continued
Yesterday the new “Bond King”, Jeffrey Gundlach, spoke at the Ira Sohn Investment Conference and emphatically stated that interest rates have bottomed. This morning we are seeing more downside in Treasurys and the yield on the 10-year note is rising … Continued
Yesterday my good friend and noted market technician J.C. Parets made a major shift in his position on Treasury Bonds and the potential future direction of interest rates: While it is just a trade with highly attractive potential reward relative … Continued
Daily Commodity Chart Wrap 3/25/2015: WTI Crude Oil (Daily) Front month crude oil futures rally as options implied volatility begins to collapse and the futures contango narrows. OVX (CBOE Crude Oil Volatility Index) CME WTI Crude Oil … Continued
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