Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Friday, Jan 12
WTI Crude Oil The WTI Crude Oil market rallied again during the trading session on Thursday, as we reached towards the $64.50 level. The market continues to be very bullish, and even though we are bit overextended, I think we’re probably going to make a serious challenge to the $65 handle. I think pullbacks at […]
What Investors Need To Know About Marijuana ETFs
Video Length: 00:07:30 Marijuana stocks and ETFs have been on a wild ride this year. They soared earlier when California legalized sale of recreational marijuana and then sank after uncertainty created by AG Jeff Sessions’ announcement about the change in federal pot policy. The first pure-play marijuana ETF in the US—the ETFMG Alternative Harvest ETF […]
China Recommends Ceasing UST Purchases Fuelling Gold Recovery
Gold: Weaker US Dollar Keeps Gold Supported The price was something of a proverbial roller coaster this week, caught between opposing forces of a weaker US Dollar providing support and a risk-off environment fuelling supply. Despite the Fed being engaged in a hiking cycle, it seems that it is flows rather than rates which are […]
Gold Heads For Fifth Weekly Gain
Gold prices ended Thursday’s session up $5.44 an ounce, extending gains from the previous session, as the dollar fell after minutes from the European Central Bank’s December meeting hinted that the central bank may trim its massive monetary stimulus sooner than the markets had expected. XAU/USD is currently trading at $1291.52, higher than the opening […]
Indian Indices Trade Marginally Higher; Metal Stocks Witness Buying
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a mixed note with stocks in the metal sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 94 points (up 0.3%) and the NSE Nifty is trading up 26 points (up […]
Greeks Go On Strike To Be Allowed To Strike
According to the market, the situation in Greece has staged a tremendous recovery. So much so, in fact, that Greek 2Y bonds are now trading inside US 2Y Treasurys. Yes, according to the market, Greece is now a safer credit than the US. And yet, a quick peek inside the actual Greek economy, reveals that nothing has […]
EURUSD: Price Approaching The U3 Line
Previous: On Wednesday the 10th of January, the euro jumped after a report from Bloomberg that China was preparing to either reduce or stop its purchases of US government bonds. The Chinese regulator, however, dismissed these rumours. On Thursday the 11th of January, the euro jumped again after the minutes of the ECB’s latest meeting on monetary […]
Bitcoin, Ripple, Ethereum, Neo, Litecoin: Price Analysis
The past few weeks have been a wild ride for cryptocurrency. While the market has always been rather volatile, we’ve seen big movements for Bitcoin, Ethereum, Neo, Ripple, and Litecoin. Let’s take a look at how these major currencies are performing. Image source: YouTube Video Screenshot Bitcoin As the biggest cryptocurrency around and by far the most recognizable, bitcoin […]
Ways To Avoid The Early Withdrawal Penalty On IRAs
Life happens and occasionally we run into really tight situations with our money. Generally, we open retirement accounts with the intention of never touching that money again until it’s time to withdraw it for post-retirement expenses…but sometimes that’s not always the case. On top of paying income taxes on early distributions from retirement accounts, there […]
Crude Oil Prices Succumb To Profit-Taking, Gold Eyes US Data
Cycle-sensitive crude oil prices reveled in a broadly risk environment, with the US-based WTI contract tracking S&P 500 futures higher for much of the day. The advance fizzled however after the international Brent crude benchmark touched the psychologically significant $70/barrel figure for the first time since December 2014. That seemed to trigger profit-taking, bringing prices broadly lower. Gold prices advanced, […]
