Based on an encouraging global economic growth picture, the copper futures price has been in a rising trend since May and is presently less than 3% from setting a 2-year high. I anticipate resistance at that level, which ought to cause a short-term pullback that would give us the opportunity
For years, many of us questioned how the physicals market in precious metals was so different than prices in the securities market, so we referred to it as a manipulated market. Our critics laughed, calling us conspiracy theorists. Then the regulators stepped in after whistle-blowers acknowledged our complaints, telling us
As noted in my commentary today and for many months, it is Bankers’ algos, not investors, that are in control of stock market prices. I see it every day in my job as managing natural resource portfolios. Prices in the market differ materially to what the natural resources industries are
West Texas Massacre The downward spiral in oil prices continues. Despite numerous tailwinds, West Texas crude oil hit its lowest closing level of the year this week. Many oil analysts have been looking for firmer oil prices on the back of downward trending inventories this year coupled with promised
Is our financial system and capital market going to collapse any minute? Is the price of Gold going to $5,000 an ounce? Is the price of WTI Crude Oil going to $20-30 a barrel? These are the stories that fill media today. Those and the ones of Trump. Well, I
In this important video, Sprott Asset Management portfolio manager Eric Nuttall talks up Oil on BNN, Canada’s high quality TV channel that covers capital markets and financial services, 7×24: http://beta.bnn.ca/video/oil-bloodbath-overblown-sprott-asset-management~1147528 The headline says Oiler investors should not panic (because the fundamentals are in place even at $50 $WTI). But Nuttall
I wonder why the Canadian market is behaving as it should given the bear market in commodities while the American market is clearly in a bull market reaching new highs from week to week. The partial answer must be that the Bank of Canada doesn’t have a “Plunge Protection Team”
Equities Need Sector Rotation To Keep Rally Alive Over The Summer In a market which defies traditional valuation metrics and where everyone who buys equities is a genius, the only “investment strategy” today is to bet that the central bankers’ asset bubble will continue to inflate. The “Powers That
http://www.msn.com/en-ca/money/markets/investment-strategy-pioneered-by-warren-buffett-is-in-crisis/ar-BBCjW4M I see this “Death of Value (investing)” article published by a Goldman Sachs strategist as being rather important, so please read it. I happen to be one of those Value Investors the author refers to. In my case, I combine my corporate fundamental analysis and macroeconomic studies with Technical Analysis — yes Kyle
Comments sent to me tonight from one of my associates that are worthy of your attention: Allow me to educate here in a lesson of professional technical analysis 101. Oil is in a symmetrical triangle, consolidating, a pattern of which is statistically more likely to break to upside rather than
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