Crude inventory drew -0.98 mmb, compared with consensus of +2 mmb increase, to 337.4 mmb in the week ended October 2.Cushing also dropped -1.41 mmb. However, fuel stockpiles gained with gasoline stock…
A Closer Look at Drivers for the Gold Rally
Comex gold extends gains to as high as 1049.7 in European morning. Major reasons driving gold’s rally are weak USD, inflation expectations and minimal sales from central banks. The Fed has reduced…
Gold Price Made Fresh Record High and Confirmed Long-term Uptrend
Gold price set a new record high Tuesday amid USD’s weakness and renewed inflation worries. The benchmark contract for the yellow metal breached the peak of 1033.9 made in March 2008 and…
RBA’s Tightening Boosts Sentiment. Investors Seek Risks Again
Commodities rally in European morning as RBA’s surprising rate hike suggested global economic recovery is on the way. WTI crude oil price surges to 71.15 while gold price rallies to as high…
Commodities Strengthen as USD is Prone to Head Lower
After weak trading earlier in the day, WTI crude oil rebounded strongly after release of better-than-expected US ISM non-manufacturing index. The front-month contract climbed +0.66% to settle at 70.41 with the intra-day…
Crude Remains Under Pressure as Recovery Worries Linger
Crude oil price continues to edge lower gradually as economic data released in Europe failed to deliver a concrete message for sustainable economic recovery. Stock markets trade sideways, awaiting more clues on…
Crude Remains Under Pressure as Recovery Worries Linger
Crude oil trades below 70 in Asia Monday as Friday’s employment data fueled concerns on economic recovery. Weakness in stock market despite renewed decline in USD suggests investors are refraining from taking…
These Three Charts Will Save You A Fortune
Russell Napier, a well-known stock market historian, studied market tops and bottoms over the last 100 years and showed corporate bonds tend to lead the stock market by several months at important…
Buffett Lost $10 Billion While This Little-Known Billionaire Tripled His Net Worth
Published: October 6, 2009 Twenty million dollars’ worth of poker chips sat on the table. I watched as bets went into the pot — $100,000 at a time. A single hand could…
This Country’s Market Could Jump +33%, One 25% Yielding Fund Could Do Even Better
Published: October 6, 2009 The Chinese Civil War ended Oct. 1, 1949. The (winning) communists controlled Mainland China and the (losing) Chinese Nationalist Party was relegated to Taiwan. The relations between the…