Wealth Creation Through Natural Resources
An interesting dynamic has taken shape in gold in recent weeks. As price has continued to oscillate in a roughly $30 range between $1075 and $1105 sentiment has further deteriorated, here is a small sampling of some of the headlines … Continued
With gold floundering just below $1,100/oz for the last week gold bulls are digging for reasons to be optimistic. However, the following two charts courtesy of Morgan Stanley Research indicate that relative to other commodities gold is fairly is expensive … Continued
It’s official, gold has given back slightly more than 50% of its entire 1999-2011 bull market ascent from $253.20/oz to $1923.70/oz: Technicians have been quick to point to the breakdown from the 2-year descending triangle with a measured move … Continued
Gold mining shares experienced a decade long bull market between 2001 and 2011 which saw the HUI (Gold Bugs Index) rise more than 18x: HUI (Gold Bugs Index) The salad days of 2011 are long gone for the gold mining … Continued
“Is this it for gold?” is the question many are asking themselves this morning. With the yellow metal falling $50/oz in a matter of minutes Sunday night one has to wonder if the coffin is closing for the long-term gold … 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
While the CFTC Commitments of Traders Report is far from an exact market timing tool, it does offer one of the best gauges of market positioning and sentiment. After Tuesday’s sell-off speculative positioning fell to a level of net length … Continued
This morning we are seeing the first unmistakable signs that the China stock market crash will not be contained only to China. The silver break below $15 is pretty representative of what’s going on elsewhere this morning: This morning’s … Continued
WTI crude suffered an 8% spill today. The fundamental reasons are fairly straightforward (continued supply glut that has not been completely redressed despite the large price decline at the end of last year, a China stock market crash which has … Continued
Gold has a very strong tendency to put in a major low during July and rally well into September/October. In fact, using a 20 year seasonal study chart we can see that gold typically makes one final dump lower into … Continued