WTI Crude Oil Buying Short-Term Dips
The WTI Crude Oil markets did very little during the session on Monday as traders came back from the weekend. It appears that the market is essentially settling at the $60 level, and as a result there isn’t much to do. I still believe that this market will eventually break out to the upside, but […]
Meet “The Most Bearish Investment Manager You Will Find Today”
“Maybe there’s someone hiding in their basement who’s more bearish than I am,” says Mark Spitznagel, but I’m “the most bearish investment manager that you will find today.” The billionaire founder of Universa Investments exclaims, “stocks are the side show of the world. They shouldn’t matter that much. They matter too much. They’re the realm of punters, […]
Why The Recent Oil Price Rally Is Unsustainable
Crude oil prices have risen by about 40% over the past weeks after falling to a six-year low. Spot prices for Brent for example, were US$62.82 per barrel on 11 May 2015, up from US$46.09 per barrel on 22 January 2015, Energy Information Administration (EIA) data show. While some investors mull over prospects, others consider it […]
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?
Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching a similar endgame. At this point, the Greek government has not received any money from the […]
Money Is Coined Liberty – The Latest Salvos In The War On Cash
Another Keynesian Voodoo Economist Wants to See Cash Abolished We have a few more bad news and for a change also some good news with respect to the ongoing attempt to prepare the ground for a ban of cash currency. By now everybody should know how this works: Whenever another step to curtail individual liberty […]
Trading Signals – May 19, 2015
EUR/USD looking for support below. The EUR/USD (ERO) pair fell during the session on Monday, showing that there is still a significant amount of resistance between the 1.14 level and the 1.15 level. At this point in time, we recognize that the market might pull back a little bit from here, but at the end of the […]
Gold Extends Gains But Falters Ahead Of $1235
Gold prices initially advanced on Monday but encountered resistance below the 1235 level as a rebound in the dollar prompted investors to take profits after the precious metal’s sharp rally the week before. Since the beginning of last week, one beneficiary of the weakening greenback has been gold, posting its biggest gains since January following […]
Bullish Technical Picture Appears To Trump Cautious Fundamentals
Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a […]
Weekly Gasoline Price Update: Up Another Five Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, the price of Regular and premium both rose five cents. This is the fifth week of price increases after six weeks of little change. According to GasBuddy.com, California has the highest average price for Regular at $3.82, and […]
View From The Hill: May-18-2015
Commentary Today’s comments will be very brief. As most investors are aware, the S&P 500 and Dow Jones Industrial Average both made new all-time highs, but on lower than average volume. Treasury bonds gave up all their gains from last Friday as a strengthening economy may confirm the inevitable hike in interest rates ahead. The U.S. Dollar has found support within the […]
