Wealth Creation Through Natural Resources
Commercial hedgers (“smart money”) are almost always short equity futures to some extent. As a market timing gauge when the commercials move to near a neutral positioning in futures it is usually a good time to get long equities, whereas, … Continued
Some quality material we are reading before the open this morning… Bloomberg: Oil Drops Below $45; U.S. Stockpiles May Speed Collapse CFA Institute: What’s Really Behind the Plunge in Oil Prices? TraderFeed: The Most Important Performance Principle of All MarketWatch: OPEC’s squeeze on U.S. … Continued
This is from the latest Morgan Stanley “Commodity Manual”: This is part of the gold note contained in this report and also happens to be the sort of consensus sell-side research which offers zero negative value to its readers. Let’s break down … Continued
Goldman Sachs has finally capitulated on its oil price forecasts and the firm has done it in a big way: GS slashed its 3-month WTI forecast by $29/barrel and its 3-month Brent forecast by $38/barrel. Here is the firms rationale for the … Continued
Some quality reading material to keep you busy this weekend… McClellan: Government deficits are good if you like gold… Hulbert: Stock market risk is higher today than it was in the dot-com era Bloomberg: Bill Gross says that wage growth is the real challenge … Continued
Gold miners (GDX) just completed their biggest weekly gain in nearly a year, finishing up 9.35% for the week on above average volume: Today’s rally also moved the goldies back up to levels not seen since the late-October plunge which … Continued
It is now a virtual certainty that the ECB will announce some sort of large scale asset purchase program (LSAP) on January 22nd. What’s not clear is the exact size of the program and which assets will be targeted. There … Continued
Some quality material we are reading this morning… Bloomberg: ECB Weighs Bond Purchases Up to 500 Billion Euros to Juice Economy Mish: Another Run on Greek Banks Begins ETF.COM: GLD No Long Among Top 10 Biggest ETFs Bloomberg: How OPEC Weaponized the Price of … Continued
Some quality material we are reading this morning… OilPrice.Com: Does The Oil Market Care Who Sits On Saudi Throne? Bloomberg: There’s No Telling How Low Oil Prices Could Go FT: Sequels elsewhere could follow oil drama Mineweb: Expect some big mining … Continued
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