Wealth Creation Through Natural Resources
I have not kept it a secret that I have been looking for a marginal new low in WTI crude to wash out weak handed bulls followed by a violent upside reversal. Today this scenario happened in a most unexpected … Continued
Record inventories and the prospect of further inventory builds in the US are putting WTI crude prices under heavy pressure this morning. Given the likelihood of additional inventory builds over the coming weeks there is a strong risk of a … Continued
At the Subscriber Investment Summit in Toronto last week, Energy and Gold took in 15 presentations from leading junior mining and energy CEOs hand picked by three well known investment newsletter writers. One company, Canamax Energy (CAC.V), was introduced as the largest … Continued
Daily Commodity Chart Wrap 3/9/2015: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found … Continued
Daily Commodity Chart Wrap 2/25/2015: Copper (Daily) Copper is testing an important confluence level ($2.67-$2.68). The next couple of sessions will be crucial in determining whether the February rally is simply a dead-cat bounce or something more substantial. … Continued
As WTI crude oil tests an important area of support/resistance near $49 there are some signs that crude prices could ultimately fall below $40 if certain supply conditions remain present. The global crude oil supply/demand balance is very delicate to … 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
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
Energy & Gold is conducting interviews with top investors, executives and companies in the resource sector. Here is our first interview with the legend from 321gold Bob Moriarty – Gold Bottom in, New Bull Market will make 2008-2011 Look Tame Mining.com: Gold … Continued
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