Wealth Creation Through Natural Resources
Gold spiked $10 this morning ahead of the Fed’s big announcement which comes at 2pm EST: Gold (5-minute) $1075 is a minor resistance level with a much bigger area of resistance coming in around ~$1090. A rally above $1090 … Continued
What we are reading this morning: McClellan – There are plenty of reasons to be bearish on stocks heading into 2016 Dana Lyons – Gold Speculators Haven’t Been This Bearish In 13 Years Value Walk – Third Avenue Credit … Continued
Since the odds of a Fed rate hike at its December meeting shot up above 80% gold has actually outperformed the S&P 500: Gold vs. S&P 500 since November 20th This outperformance is widening further today as … Continued
Today’s 2%+ rally in gold comes after the latest Commitments of Traders Report (December 1st) from the CFTC shows that commercials have almost covered their entire short position in gold futures: This is unprecedented given that commercials are … Continued
Gold futures speculators have moved into full capitulation mode in recent weeks. The liquidation we have seen in gold since the October highs is one for the record books; a more than 135,000 contract reduction in net long exposure for … Continued
Gold is well on its way down to an important area of potential support around $1,000/oz; there is a great deal of confluence and price memory in the upper $900s/lower $1000s: Gold (Monthly) Throw in potentially extreme CoT positioning … Continued
During the week ending November 17th large futures speculators (hedge funds, CTAs, etc.) piled on short positions in precious metals futures at one of the fastest paces on record: Between both gold & silver futures large speculators … Continued
Gold producers’ cash costs are still well below the current price of gold with the 90th percentile of costs coming in just above $800/ounce: Notice how the gold price tracked the 90th percentile of cash costs very closely for … Continued
Noted market technician and fund manager J.C. Parets is a long time friend of CEO.CA and EnergyandGold.com. We had the pleasure of sitting down with J.C. and picking his chart filled brain as to what he’s seeing right now across … Continued
Despite the recent sell-off in the mining sector, mining equities’ valuations have not yet reached trough valuations that have coincided with recent market lows: However, a further sell-off over the next 1-2 weeks that brings the sector’s discount to … Continued