Crude Oil – General Stock Market Link
On Thursday, the overall situation in crude oil hasn’t changed much as the commodity wavered around the January peak. Will the relationship between black gold and the general market give us more clues about future moves? Crude Oil’s Technical Picture Let’s examine the technical picture of the commodity (charts courtesy of http://stockcharts.com). From today’s point of […]
Rail Week Ending 11 November 2017: Continued Slowing Of Rolling Averages
Week 45 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion but growth rate continues to slow. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal […]
The Biggest Wealth Transfer In History
What will happen between now and 2025? Nobody knows of course but I will later in this article have a little peek into the next 4-8 years. The concentration of wealth in the world has now reached dangerous proportions. The three richest people in the world have a greater wealth than the bottom 50%. The top 1% […]
The Aramco Money Machine: Where Will It Go?
Forget the buzz around Saudi Aramco’s initial public offering (IPO), which looks set for 2018. Saudi Crown Prince Mohammad bin Salman (aka MBS) has been on a PR campaign to plant the seeds of a $2 trillion valuation. Other, more sober estimates put the figure at $1 trillion. Whatever the number, consider that ExxonMobil’s market […]
A Market Ready To Pull The Rug Out From Under You!
Yesterday we got the news that the fed has finally reached its 2% inflation goal! This is after 9 years of interest rates pinned on the floor, and about 4.5 trillion in cheap credit flooded into government and wall st. That is all it takes! Now the central bank can rest easy as the target […]
Commodities Weekly Wrap-Up – Friday, Nov. 17
Eric Sprott returns this week to discuss gold, silver and the prospects for the mining shares into year end. Audio Length: 00:10:54
Snap Tumbles As Competitors Become Too Big To Handle
Social messaging service Snap (NYSE: SNAP) continues to flounder. The company had listed on the NYSE in March this year amid much speculation. Snap listed when its business model was yet to prove successful – it was not only missing profits but was also failing to deliver growth in other metrics. Recently reported quarterly results are […]
Oil Pauses Ahead Of Next OPEC Meeting
Oversupply in the oil market continues to dominate the longer term picture, and despite the recent rally in crude oil, statements from Saudi Arabia’s energy minister have reinforced this picture, with his comments that the market is likely to remain oversupplied until March 2018. This comes ahead of the next OPEC meeting scheduled for the […]
The New US-Chinese Globalization Opportunity
While US postwar policies in Asia are shifting, a new Sino-US historical opportunity has emerged. US and Chinese visions of globalization could still prove complementary. President Trump’s grueling 12-day Asia tour took place amid a worrisome historical moment. Since the mid-2010s, global economic integration – as measured by trade, investment and migration – has come […]
As Bitcoin Nears $8000, American Investors Plan To ‘HODL’ Until It Hits $196,000
Overnight we saw the price of Bitcoin surge to $7997 following Zimbabwe chaos and defaults in Venezuela, rebounding from ‘the world is ending’ $5555 last weekend. However, if American investors are to be believed, the cryptocurrency has a long way to go before they are selling… As CoinTelegraph reports, a new survey among Americans indicates that the average […]
