|
|
Stocks slid on Friday as volume contracted. For the first day in almost two weeks of trading all five major averages lost ground. However, the market did close well off session lows. After being down nearly 1.5% intraday, the Nasdaq (NASDAQ:QQQ) recovered and ended the session lower by only Read more…
Jeb Handwerger: One of the functions of Gold Stock Trades is to help subscribers separate the daily chaff from the long term view of the economic grain. The markets will do what they have always done, which is to confuse, misdirect and obfuscate. Read more…
Last week, western nations, through the International Energy Agency, announced the impending release of the largest amount of oil from their emergency strategic reserves since 1991. Over the next month, the IEA will release 60 million barrels of light, sweet crude oil. The United States will lead the release by providing 30 million barrels of oil to the market. The IEA stated that the release of oil from Read more…
Jeb Handwerger: The recent release of 60 million barrels of oil (NYSE:OIL) will artificially lower the price. High oil prices has been the best catalyst for clean energy production and fuel efficient vehicles. Increasing the supply of oil may be pushing down the demand for rare earths Read more…
Sara Nunnally: For the past two days, I’ve been driving… I recently won an auction for a mustang — a gorgeous strawberry roan we’re calling Aesop Rye. I spent all of Wednesday towing all 1,000 pounds of him, plus the 3,500-pound trailer. Read more…
So you’re tired of getting gouged at the pump and would like to extract some manner of revenge against the high price of oil and gasoline. Great idea. But before you wander into the oil futures pits of the NYMEX or snap up a conveniently bundled ETF Read more…
NYSE:BNO, NYSE:CRUD, NYSE:DBO, NYSE:DNO, NYSE:DTO, NYSE:FOL, OIL, OLO, SCO, SZO, UHN, USL, USO
Are oil prices headed up or down? If Saudi Arabia has anything to say about it, quite possibly down. Over the past several months, the kingdom has been clandestinely raising production levels. It’s been undertaking this in advance of Wednesday’s OPEC meeting. It’s attempting to placate American, Chinese, and European oil consumers. According to an article in the Financial Times, the Saudis want to bring Read more…
Two days ago in Vienna, the 12 members of the Organization of Petroleum Exporting Countries (OPEC) spent five hours bickering, and ultimately failed to reach an agreement to increase production quotas. This was the first time that happened in 20 years. That’s not particularly good news for motorists, who could be facing higher prices at the pump as a result. Crude traders were stunned, and sent oil prices Read more…
Sumit Roy: Inventory data was overshadowed by a surprise OPEC meeting, as the market eyes a huge supply gap in the third quarter. Read more…
Corey Rosenbloom: What key reference price levels should we be watching in crude oil at the moment? Read more…
Sumit Roy: The U.S. Department of Energy reported this morning that in the week ending May 20, 2011, U.S. crude oil inventories increased by 0.6 million barrels, while gasoline inventories Read more…
Kent Moors: The volatility in the oil market has notched up this week, courtesy of another bout with debt jitters in Europe. Oil and gasoline futures are moving down – and most of the energy Read more…
To hear the mainstream media tell it, the commodities bubble has burst. Commodities are plunging across the board in response to the latest U.S. data, most of which seems to suggest that the American economic recovery is waning. Oil, which closed at $100 a barrel yesterday, was particularly hard Read more…
If the forecasts of Jay Feuerstein, the CEO of managed futures trading firm 2100 Xenon, come true, a lot of investors are going to get crushed by an oncoming train wreck in commodities and equities. “You’ve got global 
Most Comments