Talking Points Crude Oil Poised to Follow Stocks Higher Amid Recovery in Risk Appetite Gold May Fall Despite Dollar Weakness as FOMC Minutes Weigh on QE3 Bets WTI Crude Oil (NY Close): $98.83 // -0.82 // -0.82% Prices are probing above the $100/barrel figure in Europe as a recovery in risk appetite that began in [...]
“Since its inception in 1913, The Federal Reserve Board has been responsible for almost 95% devaluation of the U.S. Dollar. All this has been achieved through its ability to continually inflate the money supply. And, between 1985 and 2005, the Federal Reserve Board has increased the money supply by five times. This extraordinary money creation [...]
NEW YORK (MarketWatch) — Crude oil for January delivery rose 2% to $95.89 on Tuesday after better-than-expected U.S. housing starts. Gold futures held steady, rising 0.6%, or $9.40, to $1,605.80. Originally from MarketWatch
Talking Points Crude Oil Pressured by Risk Aversion But Chart Hints at Bounce Ahead Gold Taking Cues from US Dollar’s Response to Euro Crisis News Flow WTI Crude Oil (NY Close): $93.53 // -0.34 // -0.36% Crude oil prices are under pressure in European trade as Eurozone debt crisis jitters and the death of Kim [...]
It’s that time of year again and I’m not talking about the holiday season… What I am talking about is another major market correction which has been starting to unfold over the past couple weeks. I have a much different outlook on the markets than everyone else and likely you as well. However, before you [...]
Talking Points Crude Oil Looks to EU Summit Outcome to Shape Outlook Gold Looks to US Dollar as Conduit for Sentiment Trends WTI Crude Oil (NY Close): $98.34 // -2.15 // -2.14% Crude prices tumbled yesterday after ECB President Mario Draghi set off an aggressive selloff across the spectrum of risky assets by saying the [...]
SAN FRANCISCO (MarketWatch) — Gold futures fell and crude-oil prices topped $102 a barrel Monday on optimism that European Union leaders will be able to come up with a resolution to the euro-zone sovereign debt crisis. Gold for February delivery was down $8.10, or 0.5%, at $1,743.20 an ounce on the Comex division of the [...]
NEW YORK (MarketWatch) — Crude-oil and gold futures were mildly pressured by a strong dollar early Tuesday against the backdrop of caution over euro-zone debt troubles. Light, sweet crude-oil prices for delivery in December shed 20 cents to $97.94 a barrel, with U.S. stock index futures pointing to a lower opening despite data showing an [...]
NEW YORK (MarketWatch) — Crude-oil and gold futures declined early Monday as the U.S. dollar strengthened amid doubts about Europe’s ability to resolve its debt crisis. Light, sweet crude-oil prices for December delivery shed 69 cents, or 0.7%, to $98.30 a barrel. Crude prices had edged up earlier in electronic trading, but reversed course on [...]
Talking Points Crude Oil Looks to Italian Bond Auction for Direction Cues Gold Remains Driven by US Dollar’s Response to Risk Trends WTI Crude Oil (NY Close): $98.99 // 1.21 // 1.24% Crude oil prices are narrowly higher in European trade, riding a broad recovery in risk appetite as investors celebrated the emergence of new [...]
NEW YORK (MarketWatch) — Crude-oil prices rebounded early Thursday after data showing U.S. jobless claims fell to the lowest level in seven months and as stock futures pointed to a strong rebound after slumping in the previous session. Gold prices continued to ease, though were off their electronic trading lows. Front-month futures for light, sweet [...]
LONDON (MarketWatch) — Crude-oil and gold futures dropped on Wednesday, as a spike in Italian bond yields prompted traders to sell equities and commodities and buy the U.S. dollar. Crude oil for December delivery fell $1.62 to $95.18 a barrel in electronic trading on Globex. December gold futures dropped $19.20 to $1,780 an ounce in [...]
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