Noteworthy

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Noteworthy    Statoil, Lundin Urged to Combine Billion-Barrel Arctic Finds  Businessweek, October 17, 2014 2:00 PM  See More
Noteworthy
POSTED ON October 17, 2014 BY CEO Technician

I will have a full market summary out on Sunday but for now I found two of this afternoon’s Commitments of Traders (CoT) reports to be quite curious; small speculators have moved to a record short position in gold futures (net short 6,592 contracts for a notional value of roughly $818 million), while total speculative… Continue Reading

POSTED ON October 16, 2014 BY CEO Technician

Ten days ago before all the recent fun started we penned a piece entitled “2008 Redux?”. The main point of this piece was to highlight the striking similarities between the current market and the lead up to the 2008 market meltdown. Most notably we just witnessed one of the worst months ever (September) for commodities… Continue Reading

POSTED ON October 15, 2014 BY CEO Technician

Investors have long been trained to think that when it comes to gold, deflation is bearish and inflation is bullish. This basic economic theory holds that during inflationary periods the value of paper currency declines (less purchasing power) with every passing day, whereas gold maintains its purchasing power (hence the phrase “store of value”) and appreciates in terms… Continue Reading

POSTED ON October 13, 2014 BY CEO Technician

After last week’s drubbing the S&P 500 has fallen to an area of confluence from which a bounce seems quite likely at some point over the coming days: Click to enlarge While a 30-50 point rally in the S&P could certainly materialize over the next couple of days, the damage inflicted across global markets is… Continue Reading

POSTED ON October 11, 2014 BY CEO Technician

Some quality material we are reading (and watching) this weekend…. PBS documentary – “Losing Iraq” The Fat Pitch – “Weekly Market Summary” Marketwatch – “Lawrence G. McDonald says to buy certain beaten-down commodities” War Tard – “The West vs. ISIS” Peter L. Brandt – “The DAX and Russell 2000 completed major tops on Friday”

POSTED ON October 10, 2014 BY CEO Technician

I had the pleasure of attending the 2014 Subscriber Investment Summit in Vancouver today. It was an insightful gathering of resource executives, investors, and newsletter writers. There was even a billionaire or two in the room and naturally plenty of “corporate pillow talk” (credit to Keith Schaefer for the phrase). The mood of the conference was generally… Continue Reading

POSTED ON October 06, 2014 BY CEO Technician

While we can look back to the 2008 global financial market meltdown and cite any number of warning signs that became so painfully obvious in hindsight. Perhaps the clearest warning sign that trouble was just around the corner began in July of 2008 when virtually all commodities entered into a steep tailspin which they would not… Continue Reading

POSTED ON October 03, 2014 BY CEO Technician

Last summer we highlighted the record small speculator net short position in gold futures just one week before the yellow metal ripped more than $150 in the space of a month. The latest Commitment of Traders Report shows a new record small spec net short interest as of Tuesday, September 30th: Click to enlarge Last August we… Continue Reading

POSTED ON October 03, 2014 BY CEO Technician

This is very early in a story, the implications of which are highly unclear. However, the ebola outbreak in west Africa is centered around an area of enormous gold production (southern Mali, Ghana, and Burkina Faso): Click to enlarge Source: cdc.gov Ghana, Burkina Faso, and southern Mali all border ebola ravaged areas of Guinea and Cote… Continue Reading

POSTED ON October 03, 2014 BY CEO Technician

The 1999-2011 gold bull market was primarily predicated on two main tenets: A weakening US dollar and the gradual demise of the dollar as the World’s reserve currency Loose monetary policy and low interest rates (even negative real interest rates) for as far as the eye could see This morning gold is falling hard following another monthly… Continue Reading

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