Wealth Creation Through Natural Resources
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
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 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