Wealth Creation Through Natural Resources
Daily Commodity Chart Wrap 3/9/2015: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found … Continued
Since gold topped out near $1307 in late-January the yellow metal has followed a standard script in its descent; violent $10-$20 down moves that occur in a matter of seconds or minutes followed by much lengthier sideways or slightly rising … Continued
From CEO.CA: “In the last 9 years the reserve pricing used for 5 senior producers has gone from $365/oz to $1,200 ounce (+230%) while the gold price has only increased 184%. Mr. Wolfson found in the last 10 years the average … 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
Daily Commodity Chart Wrap 3/3/2015: S&P 500 vs. Brent Crude Oil Since 2008 After being positively correlated during the 2008-2012 time period, Brent crude oil and US equities have markedly diverged in the past couple of years Gold (Daily) … Continued
Some scientifically curated links for your reading pleasure… Tim Duy’s Fed Watch: Game On WSJ: India’s Gold Buying to Pick Up After Budget Daily Speculations: What is a Trader, Victor Niederhoffer The Contrarian Corner: Mute the Fed Steenbarger: A … Continued
It’s official, the two largest economic zones have moved into deflation and the trend isn’t indicating that things are going to change anytime soon: The euro area deflationary trend has been fairly steady, whereas, the US has seen … Continued
We have highlighted many head & shoulders bottom patterns during the past few months as oil and precious metals stocks have bottomed and begun to turn higher. I want to go into a bit more detail explaining the H&S bottom … Continued
This is the first Daily Commodity Chart Wrap at Energy and Gold.com. Each day we will select a few of the most important commodities charts to post along with some light commentary. West Texas Intermediate Crude Oil (Daily) WTI fell … Continued