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Energy & Commodities

Chart of the Day - Gold:Oil Ratio

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Posted by Gary Savage - Smartmoneytracker.com

on Thursday, 04 January 2018 06:45

The gold:oil ratio has been trending in favor of oil for a number of months. I look for this trend to reverse soon in favor of gold.

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....also from Gary: Stock Market Update



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Energy & Commodities

Copper Outlook at Critical Juncture & Implications For The Silver Price

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Posted by Clive Maund

on Tuesday, 02 January 2018 08:53

We have seen an unusually steady uptrend in copper this month, that has resulted in it appreciating by about 10%, which might not sound like much, but makes a big difference if you are a producer with fixed costs. What is remarkable about this uptrend is not only that it came hard on the heels of a high volume smackdown in the early days of the month that at the time looked bearish, but that we have seen 16 days trading days in a row of higher closes as of the close of trading on Thursday, as can be seen on the 3-month chart for copper shown below. After doing some extensive research it has been discovered that the fundamental reason for this day after day seemingly interminable uptrend was that a prominent Chinese buyer, who has an old fashioned way of doing things, was walking over to the London Metals Exchange every day for weeks with his black briefcase in hand and buying roughly the same amount of copper… 

copper3month301217

But sadly, on Friday, he was run over by a London bus whilst on his way to the exchange, and was thus unable to buy and the price dipped for the first time in a long while… 



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Energy & Commodities

What Drove WTI Above $60?

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Posted by OilPrice.com

on Tuesday, 02 January 2018 06:59

Screen Shot 2018-01-02 at 7.05.17 AM

WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline.

The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear.



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Energy & Commodities

Top 5 Mining Stocks To Watch In 2018

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Posted by Peter Arendas via Seeking Alpha

on Friday, 29 December 2017 05:56

Summary

This article introduces five mine developers that are realistically able to generate significant gains for their shareholders in 2018.

Although all of the stocks are exposed to various risks, the risks are far outweighed by the potential gains.

Companies featured in the Top 5 for 2018 are focused on gold, copper, platinum group metals, zinc, and uranium.

Last year I published an article named "Top 5 Mining Stocks to Watch In 2017" where I listed 5 interesting miners and mine developers that were expected to bring some nice gains to their shareholders. As the article was very successful, this year I decided to write the 2018 version. I know that there are definitely some other companies with high potential that could have been considered for inclusion into the Top 5. Please feel free to mention them in the comments section.

5. Ivanhoe Mines (OTCQX:IVPAF)

In "Top 5 Mining Stocks to Watch In 2017", I picked Ivanhoe Mines as No. 1. And it hasn't disappointed, as its share price has grown almost by 85%. Given its three world-class projects and the continuing flow of great exploration results, there is still a lot of upside potential left for this company. And although I don't expect it to record another 85% gains in 2018, there should be further exciting events that will make Ivanhoe Mines an exciting investment for the coming years.

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....continue reading HERE

....also from Seeking Alpha:

Dow 50,000 By 2024



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Energy & Commodities

Miners Are At Another Inflection Point

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Posted by Avi Gilburt - ElliottwaveTrader.net

on Thursday, 28 December 2017 06:40

For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in 2018.

Recent price action

In early December, we identified a specific 20.89-21.26 support region, which, if held, could begin that major 3rd wave break out and rally we have been awaiting. But, since it would mean that this 2nd wave would have completed in an unorthodox manner, I noted that I would need to see confirmation that the market has truly bottomed.

Two weeks ago, I warned you to be prepared for large moves in the market, and the market has certainly given us a bit of excitement.

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As we now know with the benefit of hindsight, the GDX bottomed at 21.27 (within a penny of our support), and began a rally which came within pennies of our first resistance region of 22.30 before it pulled back. Last weekend, I noted in my weekend market analysis to the members of The Market Pinball Wizard that the market was likely set up to continue higher, since the pullback looked corrective off the 22.30 region. During this past week, I presented my members with the set up for the market to rally to an ideal target of 22.85, and, as the close of the week, the market struck a high so far of 22.92.

(While I have been doing this for many years, I can honestly say I am still amazed at the accuracy of the turning points that Elliott Wave, coupled with our Fibonacci Pinball method, is able to provide us time and again, as we bottomed within one penny of our noted IMPORTANT support level, and the rallied to within pennies of our noted resistances.)

Anecdotal and other sentiment indications



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