Productivity Gains In U.S. Shale Oil
Horizontal fracturing of tight hydrocarbon-bearing formations was responsible for a phenomenal resurgence in U.S. oil production, which rose more than 4 million barrels per day from 2010 levels before peaking in April of last year. Monthly U.S. field production of crude oil in thousands of barrels per day, Jan 1973 to Dec 2015. Data source: Monthly […]
Crunch Time
Every day that goes buy I’m more surprised by this rally. But, it’s getting close to crunch time. Now it looks like the market is preparing to make a violent move (not that the 14% rally over the past six weeks hasn’t been violent). The question is, which direction? Take a look at 7 day […]
The Pitfalls Of Buying Gold And Silver Online, And How To Avoid Them
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company Last week another one bit the dust: NW Territorial Mint seeks bankruptcy protection (Seattle Times) – Northwest Territorial Mint, a Federal Way company that sells precious […]
Forex Ranking, Rating And Score Week 14 / 3 April 2016
Welcome to my “Ranking, Rating and Score” article for the coming week, the article “Strength and Comparison” has also been published for this week. When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: AUD(4X) followed by […]
Amazon>Alibaba
Indian e-commerce is growing significantly, providing huge opportunity for Amazon and other retailers. New Indian regulations may pose a challenge; however, Amazon is facing these head-on. Amazon continues to take over more of its own shipping services worldwide, which could cut losses.Competitor Alibaba announced slowed growth and is battling counterfeit goods that have proliferated on its platforms. […]
SPX Strength Is Deceptive
Three weeks ago I wrote: “If, however, as it is the case today, we are tracking an exceptionally strong counter-trend rally, we can assign a more liberal count to the trend and, in that case, we come up with 2058, 2070, and perhaps even 2080 before we reach a reversal point.” The week before […]
E Dazed And Confused About Rates, Currencies And Policies?
Dazed and Confused? The bond market might be taking this into account for in spite of the strong jobs data and rebound in manufacturing, yields of long-dated U.S. treasuries refuse to trend higher. However, there are other forces holding down long-term UST yields. There is confusion regarding the bond market, the shape of the UST […]
Enough Americans Have Already Voted – Chaos Is Coming
Once the majority of Americans have made up their mind and voted it will be almost impossible to change the direction of the outcome and change their minds. Unfortunately, the majority has voted and are in agreement with the next major event that will catch most people off guard. While this may sound bad and […]
ETF Rodeo Roundup Continues
Continuing on with some interesting ETFs this weekend: below is China Large Cap, which tracks the FTSE China 50 index. It’s got a terrific head and shoulders pattern. The Transports is somewhat sloppier – in fact, it’s one of the worst of the ten I’m highlighting this weekend – but I’ve made note of what […]
Saudi Arabia’s FX Reserves Drop To Four-Year Low Amid Oil Price Collapse
By Rupert Hargreaves Saudi Arabia’s FX reserves dropped for the 13th consecutive month during February as below oil prices continue to weigh on the Kingdom’s finances. That’s according to a flash research note on the Kingdom’s financial position from HSBC. The country’s FX reserves stood at $593 billion in February, a month-on-month drop of $9.4 billion. […]
