Wealth Creation Through Natural Resources
Shares of Cameco (CCJ) have declined ~80% since the March 2011 Fukushima disaster, sending CCJ shares to their lowest levels in more than a decade: CCJ (Monthly) While the uranium (U3O8) spot price continues to dwell in the basement near … Continued
While most investors focus on commodities such as gold and oil the chart of corn is much more interesting than either of the aforementioned more popular commodities, and one which shrewd market participants cannot afford to ignore: Corn (Daily) … Continued
After a 54% decline since June 2014 the oil services sector (OIH) is on the brink of confirming that a long-term bottom has been put in place: OIH (Weekly) Momentum and volume divergences at the summer lows A weekly … 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
We have been ‘stalking’ Haliburton (HAL) for a couple of weeks based upon a clearly defined double-bottom setup and the potential for a breakout above $41. This breakout is now in progress: The Daily 14-period relative strength index (RSI) is … Continued