Wealth Creation Through Natural Resources
By most accounts Donald Trump is a billionaire and he often reminds us of this with sentences such as “I’ve done great…” or “I don’t need anybody’s money….i’m really rich.” Most people think that if someone is able to accumulate … Continued
A couple of days ago I wrote that if gold was still in a longer term bear market (which began at the August 2011 top) then the acceptance stage of the current rally would mark a short/intermediate term top. However, … Continued
The following graphic from RBC is especially interesting because it illustrates that physical gold demand declined significantly during the 1st quarter of 2016 despite strong price performance (up ~15%) from the yellow metal: This data also gibes with futures … Continued
Small speculators in gold futures have accumulated the largest net notional long position in gold futures in more than 3 years: As of the most recent CoT data small speculators (independent traders, usually not hedge funds or CTAs given … Continued
“Most investors and all unsuccessful investors focus on noise and ignore signal.” ~ Bob Moriarty One of our favorite guests on Energy & Gold, Bob Moriarty, just published a practical and insightful book chronicling some of what he has … Continued
The gold miners as represented by GDX printed a bearish reversal candlestick today after making a new 20-month high earlier in the trading session: GDX (Daily) This particular pattern is especially bearish for the following reasons: A new high … Continued
After a period of relative calm precious metals and markets as a whole are entering a potentially intriguing phase. Here’s what I mean: After moving higher in nearly a straight line for the last two months U.S. equities are … Continued
After a multi-week digestion within a ~10% range the gold miners (GDX) broke out on Friday: GDX (Daily) Breakout above $21 targets measured move to $23. While the breakout is impressive in and of itself in terms of … Continued
The gold miners (GDX) have been essentially range-bound within a ~10% trading range for the last six weeks, however, that might be about to change: GDX (Daily) After coiling within a pennant pattern for the last couple of weeks … Continued
Gold found support exactly where it was supposed to this morning: Gold (Daily) The confluence of the rising 50-day simple moving average, the lower 2-standard deviation Bollinger Band, a key pivot point ($1212), and good old fashioned support turned … Continued