Silver as an investment

Category Archives: Commodity markets

Junk Bonds Are Finally Starting To Care About Oil

Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in 2017 OPEC’s failure to stabilize oil prices finally hit energy equities disproportionately.  As Goldman said in mid-May, discussing the latest crude oil selloff, which […]

Loonie Bulls? Sold To You!

Authored by Kevin Muir via The Macro Tourist blog, Remember back in May when all the hedge funds were short Canadian Dollars up the whazoo? At the time, I was worried the excessive pessimism might cause CAD to rally (Loonie Bears are the New Cool Kids). Well, since then, the Loonie has rallied 6.50% even […]

BofA Stunned By Drop In Gasoline Demand: “Where Is Driving Season?”

Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite the shift in marginal oil production from low-cost OPEC producers to US shale (a hope which is now gone as the just disclosed letter from Andy Hall demonstrates), Goldman noticed […]

“When The Facts Change”- Oil’s Biggest Cheerleader Capitulates: Andy Hall’s Full Bearish Letter

After years of being oil’s biggest cheerleader, “oil god” Andy Hall, who starting with the OPEC Thanksgiving massacre in 2014 has had several abysmal years, in the process losing the bulk of his AUM, finally threw in the towel last week when in a July 3 letter to investors, he admitted that “the facts have changed” […]

CFTC Approves Options Trading In Bitcoin

US regulators aren’t yet comfortable with bitcoin ETFs (although a quad-levered S&P ETF is just fine for mom and pop), but apparently options and swaps are another story. This week, the CFTC took a bold step forward in terms of granting institutional investors access to the bitcoin market, approving the creation of the first SEF […]

Is ‘Oil God’ Andy Hall The Latest Victim Of “Fake News”?

Raymond James' J. Marshall Adkins invoked one of President Trump's favorite phrases to explain oil's plunge, and to excuse his bullish bias (that crude can rise to as much as $65 a barrel). As Bloomberg notes, conventional wisdom holds that resilient U.S. shale drilling, underwhelming progress towards OPEC’s goal in slimming global oil inventories, and […]

Brent Tumbles To $46 Handle After US Crude Production Surge

Yesterday's "bullish" slump in inventories (and record demand) was offset by a resurgence in US crude production and along with Russia's lack of enthusiasm for more production cuts, is weighing heavily on oil prices this morning Today's rig count data will be a key catalyst for signals that US shale production growth may be topping. […]

The Looming Energy Shock

Authored by Chris Martenson via PeakProsperity.com, There will be an extremely painful oil supply shortfall sometime between 2018 and 2020. It will be highly disruptive to our over-leveraged global financial system, given how saddled it is with record debts and unfunded IOUs. Due to a massive reduction in capital spending in the global oil business […]

Forget Draghi, Crude Matters

Authored by Jeffrey Snider via Alhambra Investment Partners, Despite Mario Draghi’s supposedly misinterpreted comments earlier this week, there are global indications that the best of this round has already been reached. Policymakers are always going to claim things are improving, that much is given. But there is tremendous difference between that and what has occurred, […]

Think Small- Bullish breakout for Micro Caps!

  So far this year, Small & Micro Cap ETF’s are lagging the S&P 500. Over the past month the opposite is taking place, as small and micro caps have been stronger. Below takes a peak at micro cap ETF (IWC) and the potential bullish pattern it is attempting to breakout from.   CLICK ON […]