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The Big Picture on US Oil Production — It’s HUGE!
by Sean Brodrick | June 13, 2013
Via the Carpe Diem blog and Business Insider, here is a chart of the change in annual US crude oil production … In 2012, the U.S. experienced the largest one-year gain in oil production in its history, rising 14% to 8.9 million barrels per day. For the latest headlines from the BP Annual Statistical Energy … [ More » ]
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Dollar Breakdown Is Bullish for Gold Miners
by Sean Brodrick | June 06, 2013
Earlier this week, I posted a chart showing a potential retracement/support levels in the US dollar, working from the May low. (Updated chart) I had to add the last bar by hand due to Stockcharts’ persnickety habit of only updating the US dollar index at the end of the day. Obviously, the dollar index broke … [ More » ]
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Potato Salad, or Is It Time to Start Freaking Out About Gold Supply?
by Sean Brodrick | June 03, 2013
Last week, Atna Resources (ATNAF: 0.191 -0.009 -4.50%) announced that low gold prices have “temporarily downsized” the ramp-up of underground mining operations at its Pinson Mine near Winnemucca, Nevada. Atna’s stock was punished mercilessly. Pinson was expected to yield 50,000 to 57,000 gold ounces this year. Atna had hoped to increase that production to as … [ More » ]
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Will The US Dollar Pullback Go Deeper? Chart
by Sean Brodrick | June 03, 2013
Not long ago, the US dollar broke out to the upside, and everybody piled in for a rally. Well, we know how the market likes to punish consensus of opinion, and that’s what we saw last week, when, the dollar rally faded and the dollar pulled back to the 50% retracement of its rally since … [ More » ]
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GDX Gold Miners Chart & 6 Shots of Must-Know News
by Sean Brodrick | May 28, 2013
The gold miners, as tracked by the Market Vectors Gold Mines ETF (GDX: 27.38 -0.81 -2.87%), are down again today. BOOOOOO! Ah, it’s a process, which is what people say when it’s hard to predict where things will go next. Here’s a chart and some news for this trading Tuesday … (Updated chart) And … [ More » ]
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Is Gold Oversold? The Most Important Gold Chart You’ll See All Week
by Sean Brodrick | May 21, 2013
(Updated chart) No wonder all the miners (the good ones, anyway) roared higher on Monday. Brigus Gold (BRD: 0.59 -0.01 -1.67%) up 9.66%. Allied Nevada (ANV: 7.38 -0.27 -3.53%) up 10.33%. Eldorado Gold (EGO: 7.05 -0.29 -3.95%) up 9.99%. Zoom-zoom! But the real test will come at the 1486-87 level. That’s where the rally failed … [ More » ]
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January-April Performance: Awesome!
by Sean Brodrick | May 17, 2013
The April numbers are in and my Junior Resource Millionaire not only outperformed its benchmark by a wide margin, it also left the S&P 500 in the dust. I was able to beat my benchmark by so much because many commodities and commodity stocks are having a lousy year (so far). So far, I’m having … [ More » ]
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Ed Yardeni Tells Those Worried About Market Valuation to Chill Out
by Sean Brodrick | May 16, 2013
Via Marketwatch … If your stomach is bleeding over whether this market is getting overripe, chill out already, according to this chart from Ed Yardeni. Mr Yardeni writes: “The recent valuation-led rally in stocks isn’t irrational exuberance. Rather, it is a bullish rejection of the bearish and dreaded prediction of the Endgame prognosticators pontificating that the … [ More » ]
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Chart of Bull Market Duration
by Sean Brodrick | May 16, 2013
Chart of average bull market duration, from Barry Rithholtz … The rest of the piece the chart is in is worth reading, too. [ More » ]
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Gold premium over spot price
by Sean Brodrick | May 01, 2013
Just thought I would take a historical look. Updated chart Gold edges down, investors cautious ahead of Fed statement [ More » ]
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Why Do I Invest in Gold?
by Sean Brodrick | April 30, 2013
Why do I invest in gold? Sure, I like having dollars in my pocket — the more the better. I’m a capitalist — I LIKE capital. But I’m also acutely aware that while paper currencies come and go, the value of gold is eternal. Gold will hold its value in this world long after our … [ More » ]
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Big-Ass Gold Chart
by Sean Brodrick | April 30, 2013
Here’s a chart to watch … but it’s a weekly chart, so don’t expect big changes in a hurry. (Updated chart) Yeah, it looks pretty bullish. And in Junior Resource Millionaire, we added two positions today AND took double-digit percentage gains on another gold mining position. So, there is room for optimism. But remember, there … [ More » ]
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Market Update
U.S.
Sat 6/15/13, 12:39pmIndex Last Change 
NASDAQ 3,424 +0.0 S&P 500 1,652 +12.8 Europe
Tue 6/18/13, 12:05pmIndex Last Change FTSE 100 6,374 +43.7 CAC 40 3,861 -3.1 DAX 8,230 +13.8 Asia
Tue 6/18/13, 2:28amIndex Last Change HANG SENG 21,226 -0.0 NIKKEI 225 13,007 -25.8 CSI 300 Index 2,419 +14.9
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