Wealth Creation Through Natural Resources
Gold has staged an impressive ~$90/oz rally during the last 3 weeks. However, some consolidation between the flat 200-day simple moving average and the round number psychological $1200 level could be in order: The rally has stalled at the … Continued
While it may not feel like it to most gold investors, the end of week uptick in gold was right on cue with the 20-year seasonal pattern for the yellow metal: Moreover, going back to 1975 gold has on … Continued
The recent outperformance of the gold miners (GDX) relative to gold itself has been quite striking: My primary takeaways/interpretations of this recent outperformance are as follows: Investors are betting that gold is at the end of a cyclical bear … Continued
Realized volatility in gold has dropped by 50% in the last month and is at the lowest levels since last October (just before gold fell nearly $100/oz): GLD rolling 7-day average true range (ATR) at bottom has fallen 50% … Continued
During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. … Continued