Via Energy and Gold.com: Lets face it, nobody is bullish on the euro, nobody! Even ECB President Mario Draghi probably has a secret short position in the EUR/USD in order to hedge his euro exposure from his salary at the ECB. If the following sentiment chart could fall below 0 it would probably be at… Continue Reading

Daily Commodity Chart Wrap 3/9/2015 via Energy and Gold.com: 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 support at the 2008-2009 lows). A powerful chart of gold net producer… Continue Reading

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 consolidations. The action of the last 2 weeks has been no different and this morning… Continue Reading

Via Energy and Gold.com:   Daily Commodity Chart Wrap 3/5/2015: A couple of crude oil charts that demonstrate U.S. production and supply are showing no signs of let up despite a major drop off in rig counts:     We are currently at record levels of US crude oil supply:       Meanwhile, the “golden… Continue Reading

Via Energy and Gold.com: 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% in just the last month! The recent range defined by $1190 on… Continue Reading

Via Energy and Gold.com: 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 a sharp spike in the deflationary pull during the past few months. There… Continue Reading

Via Energy and Gold.com: The yield on the 10-year US Treasury note has surged 50 basis points in the past few weeks and in turn gold has fallen nearly $100/oz. The negative correlation between yields and gold has been strong for the last 6 years and this correlation has become even stronger in recent weeks:  Since… Continue Reading

Via Energy and Gold.com: Some market commentators like to post bold headlines that make outrageous claims such as “Stock Set to Double in 3 Months” etc. While I do expect the junior resource sector to trade at multiples of current levels over the coming years, I prefer to deal in the reality of the next… Continue Reading

Via Energy and Gold.com: Regardless of how one would like to look at things, the eurozone and ECB are driving the global markets bus for the time being. The ECB took the bold step of launching a $1 trillion+ quantitative easing program last month and now the focus has shifted squarely to Greece and how… Continue Reading

Our partner site Energy and Gold.com recently had the opportunity to sit down with legendary precious metals blogger and investor Bob Moriarty. Go and read the entire interview now!!! Here is an excerpt: CEO Technician: Has there ever been a worse bear market in the junior mining sector than the recent 2011-2014 (?) cyclical bear?… Continue Reading

Via Energy and Gold.com: Better than expected jobs growth during January and a strengthening trend in non-farm payrolls sent gold futures tumbling lower this morning: The warning signs for gold have been mounting in recent days. First it was the large spike in speculative long interest according to CFTC data, then it was the series of… Continue Reading

Via Energy and Gold.com: The gold miners are represented by the GDX have vastly outperformed gold thus far during 2015: This impressive display of relative strength has developed into a near perfect symmetrical triangle on the daily chart of GDX despite a relatively messy recent consolidation between $1252 and $1297 in gold itself: I believe… Continue Reading

Via Energy and Gold.com: During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. Much in the same way the recent GLD inflows probably have… Continue Reading

Via Energy and Gold.com: We have hand picked the 5 most promising charts in the junior resource space – presented in reverse order: 5. Red Eagle Mining (RD.V)  After a blistering 60%+ rally during the past several weeks, shares of RD.V have cooled off a bit in the last several days. However, this “2 steps forward,… Continue Reading

Via Energy and Gold.com: One of the biggest stories of 2015 has been the surging price of gold in euro terms: Gold in euro terms has soared nearly 20% in the last month, however, there are mounting signs that a pullback/correction is due:   (Chart of gold priced in USD divided by EUR/USD which equates… Continue Reading