Oil Chart of the Day
Global effects of low energy prices: Via cartodb.com Low energy prices are a clear positive for Europe and Asia while being a clear negative for Africa, the Middle East, and Western Canada (Alberta and British Columbia).
Wealth Creation Through Natural Resources
Global effects of low energy prices: Via cartodb.com Low energy prices are a clear positive for Europe and Asia while being a clear negative for Africa, the Middle East, and Western Canada (Alberta and British Columbia).
Financial Post: These two pipelines are doing what Keystone can’t 321gold: Silver ready to run? Mining.com: Cameco’s new uranium mine looks to produce 6-8mil pounds this year Swingtradingdaily: Heightened volatility = heightened risk, What am I doing… Business Insider: US Rig Count Falls By … Continued
The shock SNB move has caused some turmoil among foreign exchange brokers, meanwhile oil is heading for its longest weekly losing streak since the brutal 1986 oil bear market… Kimble Charting: Gold is attempting dual 4-year breakouts Bloomberg: Casualties From Swiss … Continued
U.S Stocks drop fifth day in a row as madness on the trading floors continues Financial Post: Super Mega Royal Dutch Shell feeling the squeeze of Oil prices Financial Post: Dividend cuts “next possible step” for Teck Resources Oilprice.com: Glut of oil … Continued
Crude oil futures have shot up more than $4/barrel this morning after a shock move by the Swiss National Bank (SNB) to remove the Swiss franc peg to the euro: The rally which began on Tuesday now totals 17% and, sadly … Continued
The beginning of a new year has brought with it high levels of market volatility across asset classes, the Swiss National Bank (SNB) added to this trend overnight… Gartman: Swiss made worst central bank decision Bloomberg: SNB Unexpectedly Scraps Cap … Continued
Must read material ahead of a volatile trading session… WSJ: ECJ Adviser Says ECB Can Legally Buy Eurozone Government Debt Mish: ECB is about to make the biggest mistake in history… TRB: GLOBAL DEFLATION OilPrice.com: The Age of Cheap Oil is … 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