Silver as an investment

Category Archives: NYMEX

OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55

In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil supply/demand balance, demand for OPEC crude in 2017 is estimated at 32.8 […]

July Jolts: Tech Tops, Trannies Trounced, Dollar Demolished, & VIX Vaporized

Just seemed appropriate…   July was a month of extremes across asset classes… Nasdaq Composite surged over 3.5% – best month since Feb 2017 (up 11 of last 13 months) FANG Stocks spiked 10% – best month since Oct 2015 (up 11 of last 13 months) Dow Transports tumbled over 3.5% – worst month since […]

WTI Jumps Above $50 On Report US Prepping Sanctions Against Venezuela Oil Industry

After both Brent and WTI rose above their respective 50DMAs on Friday, capping 2017’s best weekly rally for oil, the rising tide is accelerating as the latest CFTC COT data confirmed, when net specs boosted bullish Nymex WTI crude oil bets by 27K net-long positions to 423K, the highest in two months, as producers continued […]

Our Brave New ‘Markets’ – How HFT Algos Risk A Sudden Massive Sell-Off

Authored by Chris Martenson via PeakProsperity.com, One thing is clear: These aren’t your daddy’s markets anymore. Why?  Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’  Let’s look at this as a before and after story. Before the machines, […]

Citi: Here Comes The V-Shaped Rebound In Oil

Start buying oil. That’s not only this morning’s recommendation by Dennis Gartman but, as this afternoon, also Citi’s commodities team (led by OPEC’s impressario Ed Morse) which moments ago issued a report according to which crude oil markets will not only bottom, but more importantly, “investors should position now for a potential V-shaped rebound in […]

Why The Crude Rally Has Fizzled – Part 3 (Of 3)

Authored by James Bambino via Platts blog, This is the third and final segment of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Not only have prices failed to rally, both NYMEX WTI and ICE Brent have fallen around 9% over the past three […]

Why Sub $50 Oil Is More Likely Than $70 Oil

Submitted by Arthur Berman via OilPrice.com, It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week’s 13.8 million […]

VIX Crashes To 10-Year Lows As ‘Dovish’ Fed Sparks Gold Gains, Dollar Losses

One look at WTI, RBOB, and VIX today and it's clear the algos are in charge… don't play…   Post-Fed, Gold was the biggest winner…   As rate-hike odds dropped…   The S&P was down 4 days in a row before today – the longest losing streak since the election… (Trannies were best post-Fed, but […]

WTI, RBOB Prices Slide After Biggest Inventory Build Since October

WTI (and RBOB) prices slid lower into the NYMEX close ahead of API's report tonight that showed further major builds in crude and products. Crude saw inventories rise 5.83mm barrels last week – the most since the end of October and while Cushing saw its 4th weekly draw in a row, Gasoline and Distillates both […]

Traders Buy Everything As Yellenado & Kurodageddon Loom

Today…   Market-implied rate hike odds for tomorrow are low… (but Dec has picked up)   It's probably nothing…   They bought everything… Bonds up, Stocks up, Gold up, Oil up, and Dollar up.   Standard pre-Fed buying spree in stocks – but it wasn't convincing… (Small Caps pulled back from yesterday's squeeze) – with […]