Dollar/Oil Reversal

Source: Seeking Alpha, Bespoke Investment Group

“Dollar close to breaking uptrend from July lows, while oil appears to have stabilized from epic freefall since its July highs.”

From a technical perspective, the U.S. Dollar index is not looking good, while oil has just broken above one of its downtrend lines. While the dollar hasn't broken its uptrend from its July lows yet, it's getting very close. If it can hold support, it will remain in bull market mode, but if it breaks its uptrend line—look out below.

Oil, on the other hand, finally looks to have at least stabilized from its epic freefall since its July highs. While it has a long, long way to go before putting a dent in its losses, its recent break above its short-term downtrend line is a start.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."