Wealth Creation Through Natural Resources
Simple is usually more effective. The following line chart of GDX simplifies things and highlights the important stuff (trend and relative strength): GDX (Daily) Important observations from this chart: Trend is clear, from the lower left to the upper … Continued
April 15th, 2013 is a day that gold bulls would like to forget, but likely cannot forget. After nearly 3 1/2 years the GDX is on the verge of revisiting ‘the scene of the crash’ by way of filling the … Continued
The gold miners as measured by GDX are up nearly 120% year to date as they enter what is the best two month period of the year for the sector historically. Using the NYSE/Arca Gold Bugs Index (HUI) we can … Continued
We had the opportunity to catch up with 321gold founder Bob Moriarty and pick his brain on where we are at in the mining cycle, what his favorite investments are right now, and several timely macro topics including the Turkish failed … Continued
The 2016 gold mining bull market is one for the record books. The rally which began not even six months ago has seen the GDX rise ~150% while many individual gold miners have risen 500%+. Meanwhile, the move in gold … Continued
Gold is probably the least understood and most confusing investment asset out there. There are so many misconceptions that get repeated over and over again and then become common knowledge even though they are flat wrong; “gold does well in … Continued
A fascinating note and chart of the gold/S&P 500 ratio from All Star Charts: Gold/S&P 500 (Weekly – 6 year chart) “Gold was in a downtrend vs the S&P500 since the highs in 2011 until February when the ratio … Continued
3 charts that paint a picture of a sector that has experienced a tidal wave of fund flows during the first half of 2016 as valuations in the gold mining sector have moved from extreme undervaluation to a mild overvaluation … Continued
Commercial speculators in gold futures are currently at a record net short interest in terms of number of contracts net short, however, it is not a record in terms of notional dollar amount: Gold (Commitments of Traders – 5 year) … Continued
It’s a long way from the salad days of 2011 in the gold mining sector when Castle Peak Mining Ltd (CAP.V) went public and saw its valuation quickly move up to C$80 million without a single drill hole completed at its … Continued