There is an article at Spiegel Online that discusses an interesting turn of events in the Persian Gulf, and illustrates another consequence of high crude oil prices. Oil rich countries are turning to...
First a note on general market conditions: S&P bounced higher from support level (August 06) just above 1270. This is positive over the very short term (perhaps the next week). Look for a rally...
Gold's Day Has Come The Fed's policy statement yesterday amounted to a move from being mildly accommodative to neutral. Neutral in an environment of negative real interest rates (and growing more...
There are hedgers - those that are hedging a future price because they have an interest in owning the commodity today or at a future date. For example, an airline industry is extremely sensitive to...
Each week, we comment on the U.S. Department of Energy reports of crude oil and fuel inventories (see our last commentary, "Oil Report Stumps Analysts," and each week, we’re asked why we...
I realize I'm chiming in with my 2nd Vince Farrell reference of the day, but I had to call your attention to this outstanding article:I would like one of our fine, financially knowledgeable, market...
The stock market is under extreme pressure as we test the lows of the year. The economy is suffering with falling home prices set to continue at least into next year, rising unemployment, rising...
The S&P 500 held support, Tech rallied and oil moved lower. The market is trying to make a go at support, but the picture looking forward hasn’t changed. The key as we have stated many times is...
Yesterday we were still focused on oil and what the potential of $140 a barrel oil would do. OPEC decided to help, but will they really be able to impact the price of oil with increased supply? That...
The global markets continue to suffer along with the U.S. as fears of inflation accelerate. CPI last week showed a rise of 4.2% over the last 12 months. Throw in rising oil cost and the average price...
