Gold has worked down from Alexander's time... When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.
Bernard M. Baruch
Guest Post by Michael Marsala Reuters Insider Oil services stocks are seeing downside earnings revisions and bearish options bets ahead of earnings, and could be in danger of losing their price uptrend, according to a Thomson Reuters technical signal. The options positioning suggest there’s a lot less optimism for services versus drillers and refiners, and less hope they’ll have another blockbuster quarter. Bearish bets started to pile up right before ...
By Dian L. Chu, EconMatters Continuing its downward shift from the week before, crude oil fell sharply on Monday, April 18 after S&P lowered its U.S. credit outlook to negative, and OPEC said high crude prices could pressure global economy. ICE Brent crude for June fell $1.84 to settle at $121.61 a barrels, while WTI (West Texas Intermediate) for May delivery also fell $2.54 to settle at $107.12 on NYMEX. Crude oil dropped 2.8% in the week ...
By Dian L. Chu, EconMatters The following article is originally published in the April 2011 edition of ISM™ (Institute for Supply Management™) eDigest: Chemicals Energy Commodities Forecasting Establishing an intelligence network gives you a competitive edge By Dian L. Chu, CPSM, C.P.M. In recent years, there ...
By Dian L. Chu, EconMatters In early March, White House Chief of Staff Bill Daley told NBC that the Administration was considering releasing oil from the Strategic Petroleum Reserve (SPR) if it deems the high oil prices would threaten the U.S. economic recovery. President Obama, in a press conference on March 11, also reiterated that a plan to tap the SPR was "teed up" and said he would move quickly should ‘conditions’ worsen. However, the ...
By Dian L. Chu, EconMatters The monthly roll cycle starts Tuesday April 5th for Crude Oil with the 4-day rolling of USO positions, the USO is an exchange traded security meant to track movements in the WTI futures contract. This happens over a four day period now from the 5th-8th of April, so that traders cannot easily front-run the rollover process. Rolling, Rolling, Rolling - USO, Brent & WTI Nevertheless, obviously with the price of Crude rising, the ...
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