Wealth Creation Through Natural Resources
On the evening of May 3rd, gold rallied to $2085.40. However, this has been followed by a subsequent ~$150/oz decline. The reversal from a familiar price level (~$2,080) has led to the emergence of a potential triple-top, which is now … Continued
At the 2016 New Orleans Investment Conference last week Dennis Gartman, Founder & Editor of the Gartman Letter, was bullish on the US dollar. His primary rationale for this dollar bullishness is the decline in the adjusted monetary base during … Continued
Famed bond fund manager Jeffrey Gundlach gave a presentation at the New York Yacht Club today in which he reiterated a $1,400 target for gold by year end. From what I gather Gundlach has two primary tenets to his bullish … Continued
BNP Paribas publish a forex report yesterday entitled “Stick To the Plan; Resell EUR/USD” in which the firm argued the following: “Our positioning indicators suggest EURUSD positioning has not become stretched, and presumably positions have been reduced even further in this … Continued
Lets face it, nobody is bullish on the euro, nobody! Even ECB President Mario Draghi probably has a secret short position in the EUR/USD in order to hedge his euro exposure from his salary at the ECB. If the following … Continued
This is a question people have begun asking themselves this week. Previously the thought of a Greek exit from the eurozone brought about images of bank runs, stock market crashes, and other euro area members leaving the common currency. However, … Continued
Regardless of how one would like to look at things, the eurozone and ECB are driving the global markets bus for the time being. The ECB took the bold step of launching a $1 trillion+ quantitative easing program last month … 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
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
After spending the 2nd half of 2014 in a steady downtrend, the euro currency has entered crash mode at the outset of 2015: EUR/USD is down more than 600 pips so far in January and the euro is down much more against … Continued