Blog posts tagged with 'oil prices'

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Monday, February 24, 2014
Uncertainty and harsh winter driving gold up.

Paul’s Economic Outlook:

Uncertainty and harsh winter driving gold up.

 

A.M. Kitco Metals Roundup: Gold Hits 4-Month High On Safe-Haven Demand, Bullish Technicals

http://www.kitco.com/news/2014-02-24/Gold-Hits-4-Month-High-On-Safe-Haven%20Demand-Bullish-Technicals.html

Uncertainty and harsh winter driving gold up.

 

Oil price rises as US cold forecast to return

https://news.yahoo.com/oil-price-rises-us-cold-forecast-return-054656242--finance.html

Uncertainty and harsh winter driving gold up.

 

Ukraine declares former president fugitive

http://screen.yahoo.com/ukraine-declares-former-president-fugitive-150103303.html

Uncertainty and harsh winter driving gold up.

Tags :  goldharsh winteroil pricesfugitivesafe-havenoil
Comments (0)
Monday, February 17, 2014
Power, steel, cement suggest China's economy not so buoyant

Paul’s Economic Outlook:

There was a temporary hit to U.S. economy and dollar. Do not get sucked into gold. By end of March, we will see better signs for U.S. economy and dollar.

 

Oil price above $100 on US heating fuel demand

http://finance.yahoo.com/news/oil-price-above-100-us-140146343.html

This is temporary. Oil will start heading down in late March.

 

Foreign banks bracing for tough U.S. Fed capital rules

http://finance.yahoo.com/news/foreign-banks-bracing-tough-u-130639891.html

Half Spin Article: The Federal Reserve is leveling the playing field and forcing foreign banks to follow the same rules as U.S. banks.

 

Power, steel, cement suggest China's economy not so buoyant

http://finance.yahoo.com/news/power-steel-cement-suggest-chinas-210121419.html

China is a house of cards.

 

Dollar, Follow-Through, Chinese Buying Push Gold To Highest Level Since Oct.

http://www.kitco.com/news/2014-02-17/Dollar-Follow-Through-Chinese-Buying-Push-Gold-To-Highest-Level-Since-Oct.html

This is temporary. The Chinese are buying gold instead of dollars to try and keep the dollar from getting stronger.

 

Tags :  goldChinaeconomyoil pricesRCW Financialforeign banksFedU.S. banks
Comments (0)
Friday, September 20, 2013
Why Fed Second-Guessing Is Hurting the Dow

Paul’s Economic Outlook:

The regular banks will separate from the Federal Reserve’s lead and start raising rates and lowering lending standards. The U.S. economy is ready to go back to normal fiscal policy and start ahead of the Fed.

Suggested Reading: 

Oil slips, set to lose more than 2% for week

http://www.marketwatch.com/story/oil-takes-a-breather-but-faces-weekly-losses-2013-09-20?siteid=yhoof2

Spin Article. We are approaching the end of the summer oil spike.

 

European stocks drop ahead of German election

http://www.marketwatch.com/story/european-stocks-slip-after-rally-adidas-drops-2013-09-20?siteid=yhoof2

Half Truth. Europe printed enough money to bail out the broke Euro countries until the end of September. Everyone wants Germany to bail them out in October and that is what the election is about.

 

Why Fed Second-Guessing Is Hurting the Dow

http://www.fool.com/investing/general/2013/09/20/why-fed-second-guessing-is-hurting-the-dow.aspx

The regular banks will separate from the Federal Reserve’s lead and raise rates and lower standards. The U.S. economy is ready to go back to normal fiscal policy and will go there ahead of the Fed.

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Friday, September 6, 2013
Oil extends gains toward $110 after US jobs report

Paul’s Economic Outlook:

August jobs report: Hiring continues as unemployment falls

jobs report data 090613

The jobs report was basically flat. Watch the Fed meeting next week (Sept. 17-18), 50% chance they taper.


Suggested Reading:

U.S. economy adds 169,000 jobs in August

Unemployment falls to 7.3% as more people quit looking for work

http://www.marketwatch.com/story/us-economy-adds-169000-jobs-in-august-2013-09-06?siteid=yhoof2

Knee jerk reaction. Not much has change. Taper on Fed Meeting September 17-18 is still around 50%.

 

Oil extends gains toward $110 after US jobs report

http://finance.yahoo.com/news/oil-extends-gains-toward-110-us-jobs-report-135055128--finance.html

Have you noticed prices at pumps are down. The U.S. is adding large gas supplies (transportation). Oil per barrel $110 because of energy production and the world.

 

How low can gold go?

http://www.futuresmag.com/2013/09/06/how-low-can-gold-go?ref=hp

It is not a question of if, but when.

Comments (0)
Tuesday, September 3, 2013
Dollar jumps after surprise manufacturing gain

Paul’s Economic Outlook:

The U.S. economy is recovering on its own. Europe and China are enjoying a temporary boost because of all the Euros printed in January.

 

COLUMN-Backlogs shrink for oil and gas megaprojects: Kemp

http://www.reuters.com/article/2013/09/03/oil-and-gas-engineering-idUSL6N0GZ2S220130903?feedType=RSS&feedName=industrialsSector&rpc=43

U.S. companies starting to catch up to sideways drilling, fracturing and government regulations.

 

Dollar jumps after surprise manufacturing gain

http://www.marketwatch.com/story/dollar-rises-ahead-of-manufacturing-data-2013-09-03?siteid=yhoof2

U.S. economy is recovering on its own. Europe and China are enjoying a temporary boost because of all the Euros printed in January.

 

Drop in South Europe car sales dims prospects of stabilisation

http://finance.yahoo.com/news/drop-south-europe-car-sales-073030285.html

U.S. economy is recovering on its own. 

Comments (0)
Monday, August 26, 2013
TSX hits three-month high on higher grain, gold prices

Paul’s Economic Outlook:

Massive printing of Euros in January and dovish remarks from Bernanke in July are slowing the U.S. private sector's recovery. When the Fed tapers, the recovery will start moving again.

Suggested Reading: 

TSX hits three-month high on higher grain, gold prices

http://ca.finance.yahoo.com/news/tsx-may-open-lower-oil-prices-slip-122511327.html

Massive printing of Euros in January and dovish remarks from Bernanke in July will push the dollar down and gold up until Fed tapers.

 

Orders for long-lasting US factory goods plunge

http://finance.yahoo.com/news/orders-long-lasting-us-factory-goods-plunge-123353500.html

Massive printing of Euros in January and dovish remarks from Bernanke in July put U.S. goods on hold until Fed tapers.

Oil price swings above $106 on US data, Syria

http://news.yahoo.com/oil-price-swings-above-106-us-data-syria-132654687.html

Massive printing of Euros in January and dovish remarks from Bernanke in July will push dollar down and oil up until Fed tapers and the summer oil spike ends (last week of Sept.).

 

Comments (0)
Thursday, August 22, 2013
Oil losses worsen, prices sink below $104

Paul’s Economic Outlook:

U.S. oil prices are dropping. Foreign oil prices are rising.

Suggested Reading:

Oil losses worsen, prices sink below $104

http://www.marketwatch.com/story/oil-losses-worsen-prices-sink-below-104-2013-08-21?siteid=yhoof2

U.S. Oil prices dropping.

 

Brent stays above $109 after China data; Libya weighs

http://finance.yahoo.com/news/brent-stays-above-109-china-054206576.html

Foreign oil prices rising.

 

EPA Loses Appeal Over Pennsylvania Power Plant Pollution

http://www.bloomberg.com/news/2013-08-21/epa-loses-appeal-over-pennsylvania-power-plant-pollution.html?cmpid=yhoo

The war against coal (40% of U.S. energy production) is only to push oil prices over $100 per barrel so alternatives with government subsidies are economical.

Tags :  oil pricesforeign oil pricesEPAU.S. oilChina
Comments (0)
Monday, August 19, 2013
Oil falls below $107 as stock markets stall

Paul’s Economic Outlook:

The Fed minutes from the last meeting will come out Wednesday August 21. The next Fed meeting is September 17-18 and the summer oil spike will end the last week of September.

Suggested Reading: 

Oil falls below $107 as stock markets stall

http://news.yahoo.com/oil-falls-below-107-stock-markets-stall-130245113.html

The Fed will taper, the question is when?

 

UPDATE- Libya says Marsa al Hariga oil port resumes full operations

http://www.reuters.com/article/2013/08/19/wh-libya-oil-idUSL6N0GK1EC20130819?feedType=RSS&feedName=industrialsSector&rpc=43

Increase Supplies.

 

Widespread losses hit TSX as Fed fears pick up steam

http://ca.finance.yahoo.com/news/tsx-opens-lower-fed-worries-weigh-133824542.html

The Fed will taper, the question is when?


 

Tags :  Fed meetingoil pricesstock marketoilsummer oil spike
Comments (0)
Wednesday, July 31, 2013
Gold slips as mostly positive data dull appeal

Paul’s Economic Outlook:

Ben Bernanke speaks at 2 pm EST. If Bernanke is dovish gold should go up. If he is hawkish gold should go down.

 

Suggested Reading

Gold slips as mostly positive data dull appeal

Federal Reserve statement due after Comex close

http://www.marketwatch.com/story/gold-gains-as-market-nears-fed-gdp-reports-2013-07-31

Good data Fed tapers sooner.

 

Oil hovers near $103 ahead of Fed statement

http://news.yahoo.com/oil-hovers-near-103-ahead-fed-statement-051907579.html

Good data oil goes down.

 

Unemployment rates rise in 90 pct. of US cities

http://finance.yahoo.com/news/unemployment-rates-rise-90-pct-us-cities-172607433.html

Dovish comments 3 weeks ago drove unemployment up.

 

*Ben Bernanke speaks at 2 pm EST

Comments (0)
Thursday, July 25, 2013
Oil near $104 as slower China dims demand outlook

Paul’s Economic Outlook:

All the factors that pushed communities up for the July are starting to running out. Keep watch for the July 30th Fed meeting.

 

Suggested Reading:

Europe stocks down on China concerns, earnings

http://www.marketwatch.com/story/europe-stocks-drop-with-german-uk-data-in-view-2013-07-25?siteid=yhoof2

Europe and China are linked.

 

Oil near $104 as slower China dims demand outlook

http://news.yahoo.com/oil-near-104-slower-china-dims-demand-outlook-122853719.html

As Europe and China slow down and U.S. oil supplies go up, oil prices will drop.

 

Student loan deal faces an easy path in House

http://news.yahoo.com/student-loan-deal-faces-easy-path-house-075734998.html

Spin. Temporary discount on loans until rates go up. This means Universities can keep charging more and in a couple of years student debt will be crippling to the 33% of the population that has student loans.

 

Summer manipulations almost over .

Tags :  EuropeChinaoil pricesoil suppliescommodities
Comments (0)
Thursday, July 25, 2013
Oil down as traders weigh demand view, supply fall

Paul’s Economic Outlook:

All the temporary data that spiked gold is beginning to crack. Make sure to watch the Fed meeting on July 30th.

 

Suggested Reading:

Gold at $1,300 Slows ETF Outflows

http://finance.yahoo.com/video/gold-1-300-slows-etf-132623696.html

Temporary spike almost over. Watch July 30th Fed meeting.

 

3 Ways the Oil Industry Isn’t the Same

http://beta.fool.com/adifferentangle/2013/07/24/3-ways-the-oil-industry-isnt-the-same/40983/?source=eogyholnk0000001

We just passed the middle of the summer oil spike and will end the last week of September. Supplies up, demand down, oil prices start falling to $65 to $75 level.

 

Oil down as traders weigh demand view, supply fall

China data dulls demand outlook; U.S. supply falls a fourth week

http://www.marketwatch.com/story/oil-falls-as-china-data-disappoints-2013-07-24?siteid=yhoof2

China is a house of cards. Data from China is unreliable. China tied to Europe not the U.S. If Europe slows so will China.

 

GLOBAL MARKETS-U.S. stocks slip on poor earnings, dollar gains on data

http://www.reuters.com/article/2013/07/24/markets-global-idUSL6N0FU2S320130724?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

Europe slowing, China slowing, all countries not getting back into bed with the U.S. economy are slowing. U.S. economy is picking up.

 

Reminder: Summer oil spike ends last week of September.

 

Comments (0)
Tuesday, July 23, 2013
Stagflation: The Fed’s worst nightmare

Paul’s Economic Outlook:

Small lull as economic data in the U.S. rolls out between now and the July 30th Federal Reserve meeting.

 

Suggested Reading:

Stagflation: The Fed’s worst nightmare

MarketWatch — While unemployment remains stubbornly high, inflation has suddenly begun to rise.

http://www.marketwatch.com/story/stagflation-the-feds-worst-nightmare-2013-07-23?siteid=yhoof2

QE has ran its course. The Fed will be winding down. Watch for the July 30th and Sept. 17th meetings.

 

Oil falls to near $106 after US home sales drop

http://finance.yahoo.com/news/oil-falls-near-106-us-home-sales-drop-114500967.html

The summer oil spike is at the highest point. It will recede the last week of Sept.

 

World stocks rise as China slowdown jitters ease

http://finance.yahoo.com/news/world-stocks-rise-china-slowdown-jitters-ease-104537629.html

Do you really trust China’s happy data?


After Detroit, Who's Next?

http://finance.yahoo.com/news/detroit-whos-next-234500497.html

Borrow, tax and spend: The buck stops at bankruptcy everytime.


 

Next Federal Reserve Meeting: July 30th.

Comments (0)
Wednesday, July 3, 2013
Quarterly Job Report Released on Friday

Paul’s Economic Outlook:

The quarterly job report will be released on Friday, pay attention to what it says.

 

Suggested Reading:

Stocks edge lower as oil price climbs again

http://finance.yahoo.com/news/stocks-edge-lower-oil-price-climbs-again-140755874.html

Temporary. This also pushed gold up.

 

Gold advances on political strife, ISM miss

http://www.marketwatch.com/story/gold-logs-modest-advance-after-loss-2013-07-03

Summer normally slows down. August and September are much more importatant.

 

Jobless Claims in U.S. Fall by 5,000 in Week to June 29

http://www.bloomberg.com/news/2013-07-03/jobless-claims-in-u-s-fall-by-5-000-in-week-ended-june-29.html

Quarterly job report on Friday.

 

Comments (0)
Tuesday, April 16, 2013
Gold Temporarily Rebounds

Paul’s Economic Outlook:

Gold temporarily rebounded. But there shouldn’t be any long term support. $1,389 is the new high. It will go lower.

 

Suggested Reading:

Wall Street rebounds as gold recovers, data signals strength

http://news.yahoo.com/stock-futures-signal-higher-wall-street-open-083126953--finance.html

Spin article. Wall Street rebounds because U.S. private sector and U.S. dollar are doing better than anyone else. Gold temporarily rebounds. No long term support. $1,389 is the new high. I will go lower.

 

'Absurd' Chinese Trade Data Confound Analysts

http://finance.yahoo.com/news/absurd-chinese-trade-data-confound-090309089.html

House of cards.

 

Oil slides below $88 per barrel

http://finance.yahoo.com/news/oil-slides-below-88-per-barrel-055049230--finance.html

Oil heading to $65 to $75 per barrel because of sideways drilling and fracturing. This is a good thing. Transportation, manufacturing and agriculture cost go down.


Trade Pacts With Europe and Japan Will Boost Unemployment

http://finance.yahoo.com/blogs/the-exchange/trade-pacts-europe-japan-boost-unemployment-164940505.html

 

JIM ROGERS: Like I Said, I Expect Gold To Go As Low As $1,200

http://finance.yahoo.com/news/jim-rogers-said-expect-gold-180550281.html

US, China Data Set Negative Tone for Oil Prices

http://finance.yahoo.com/news/us-china-data-set-negative-064600719.html

A Complete Look At China's Latest Disappointing Data In One Chart

http://finance.yahoo.com/news/complete-look-chinas-latest-disappointing-044921687.html

Tags :  Wall StreetGoldChinaOil pricesU.S. dollargold prices
Comments (0)
Thursday, February 28, 2013
UPDATE: Gold Extends Early Losses as Midday Approaches, amid Firming U.S. Dollar, More Chart-Based Selling Pressure

Paul’s Economic Outlook:

The U.S. Private Sector (70% of U.S. GDP) is doing better. The dollar is up, oil is sliding, and gold is sliding.

Suggested Reading:

UPDATE: Gold Extends Early Losses as Midday Approaches, amid Firming U.S. Dollar, More Chart-Based Selling Pressure
http://www.kitco.com/reports/KitcoNews20130228JW_ap.html
Dollar up, Gold down.

SAN FRANCISCO (MarketWatch) — Gold futures headed lower for a second straight session Thursday, poised to suffer a loss for the month, as fourth-quarter growth in the U.S. economy and gains in Chicago manufacturing take away some of the precious metal’s investment appeal.
http://www.marketwatch.com/story/gold-futures-back-on-the-cusp-of-1600-2013-02-28?siteid=yhoof2
Dollar up, Gold down.

TIPS ETFs: Watch Out if Rates Rise Faster than Inflation
http://finance.yahoo.com/news/tips-etfs-watch-rates-rise-135824324.html
Dollar up, Gold down.

GDP, jobless claims lead calendar
http://finance.yahoo.com/news/gdp-jobless-claims-lead-calendar-064517706.html
Dollar up, Gold down.

Gas Boom Projected To Grow For Decades
http://finance.yahoo.com/news/gas-boom-projected-grow-decades-021200096.html
Dollar up, Oil down.

Oil inches lower as dollar strengthens. Demand outlook key after spate of U.S. economic data
http://www.marketwatch.com/story/oil-ticks-higher-as-dollar-ebbs-2013-02-28?siteid=yhoof2
Dollar up, Oil down.

Oil becalmed above $92 as US inventories rise
http://news.yahoo.com/oil-becalmed-above-92-us-080042451.html
Dollar up, Oil down.

Comments (0)
Wednesday, February 20, 2013
UPDATE: Comex Gold Extends Losses On Technical Selling; Traders Await FOMC Minutes

Paul’s Economic Outlook:

The dollar is up and gold is down this week. The Republicans will let the spending sequester cuts take place this time. These are the first real cut backs. The states are getting fed up with socialism and moving to get rid of excessive waste.

UPDATE: Comex Gold Extends Losses On Technical Selling; Traders Await FOMC Minutes
http://www.kitco.com/reports/KitcoNews20130220AS_update.html
There are many factors driving dollar up and gold down.

Oil drops on commodities sell-off, stocks retreat
http://news.yahoo.com/oil-drops-commodities-sell-off-172606979.html
Dollar up, all commodities down.

Forget the big comeback; Detroit focuses on what can be saved
http://news.yahoo.com/forget-big-comeback-detroit-focuses-saved-001321843--sector.html
Socialism, great until the money runs out.

Democrats take on PA gov over Medicaid, pensions
http://news.yahoo.com/democrats-pa-gov-over-medicaid-210309374.html
Socialism, great until the money runs out.

Comments (0)
Monday, January 21, 2013
GOP wants budget; Schumer warns they will get one

Paul’s Economic Outlook:

There are three components leading to a stronger U.S. economy and dollar. These three items are stability, investment capital, and a competitive advantage. We covered stability and investment capital last week. Today we will go over the world changing competitive advantage in the U.S.

Part 3:

The U.S. has been under a declining competitive advantage for over 30 years. Fifty percent of the U.S. energy is on Federal land which the government is restricting. Currently, we only produce 70% of our energy needs. The other 30% is imported (1 trillion yearly). However, none of this matters now. Two new technologies, sideways drilling and fracturing, are world game changers and are making the U.S. self-sufficient. Since private land falls under state laws, not Federal laws, private land will help drastically increase oil production. Within 5 years the U.S. oil production will go up 75%, in 10 years it will go up in 85% production and in 20 years it will go up 100% on private land alone. If we open up Federal land (possible in 15 years), we will see 300,000 to 400,000 jobs from energy. We will see a 2% to 3% GDP bump from energy. Sideways drilling and fracturing are profitable at $65 per barrel. At this price transportation, agriculture, and manufacturing cost will plummet giving the U.S. a competitive advantage throughout the world. Overall, it is getting better, but there will be a lot of volatility over the next year.


GOP wants budget; Schumer warns they will get one
http://news.yahoo.com/gop-wants-budget-schumer-warns-one-093932697--politics.html
More taxes, less spending cuts, and more anti-business policies.

Maduro slams business leaders over Venezuela economy comments
http://health.yahoo.net/news/s/nm/maduro-slams-business-leaders-over-venezuela-economy-comments
More taxes, less spending cuts, and more anti-business policies.

Comments (0)
Friday, December 21, 2012
Paul’s Economic Corner 12/21/2012

Paul’s Economic Corner:

The stage is being set for the U.S. recovery to go from trivial growth to big growth in 2013. The Federal Reserve came out last week stating they would raise the interest rates when unemployment reached 6.5%. In 2013, unemployment rates should be at 6.5% due to the government dropping unemployment benefits for people who are not looking for a job and due to explosive energy job creation. When the Federal Reserve raises the interest rates, U.S. banks will finally have the incentive to lend the 11 trillion that they have been sitting on for the past 3 years. Over the last three years private businesses (70% of U.S. GDP)  couldn’t go to banks to get short term loans,  so they have been stockpiling 3 trillion dollar to deal with their cash flow issues. When the interest rates raise and banks start lending money again, businesses will immediately buy property, buy capital equipment, higher people, start taking risk and immediately invest the 3 trillion dollars they were holding on to.

The dollar is going up. The U.S. Private Sector is going up (70% of U.S. GDP), while all other currencies and economies are contracting. Investment capital around the world is shifting back to the U.S. Dollar and the U.S. Private sector. Again, this provides more investment capital for U.S. Businesses to expand. Energy is leading this growth in the U.S. economy. Sideways drilling and fracturing are profitable at $65 per barrel. We should see oil prices  at $65/barrel by the end of 2013. Transportation, manufacturing, and agriculture will become super competitive around the world at these prices. Energy intensive manufacturing is also already moving back into the U.S. economy.

We have three bumps in the road. The Fiscal Cliff, the debt ceiling limit, and the Executive Branch regulations that will happen between now and March. The dollar and U.S. private sector (70% of U.S. GDP) is strengthening in spite of the Executive Branch, Senate, Blue State’s spending and the Federal Reserve’s foreign currency protection policies. All of the bad and inefficient companies were gone over a year ago. The remaining businesses are the leanest and most efficient companies probably in 30 years. All they need is investment capital and energy prices to go down. We should see all of that by the end of the 2013 summer oil spike, at the end of September.

The dollar will become “King” and if all of this happens, gold prices will  collapse  to around $600 to $800 an ounce. It is time to start doing some research on alternative investments and start moving your portfolio around. This is the time to make your moves. Good Luck.

Related Financial Articles:

Analysis: Boehner has few options in fiscal cliff mess
http://news.yahoo.com/analysis-boehner-few-options-fiscal-cliff-mess-044855640--business.html
The Executive Branch wants us to go over the Fiscal Cliff and then try to make deal in January to lower middle class taxes.

America in Danger if California Goes Off Fiscal Cliff
http://finance.yahoo.com/blogs/daily-ticker/california-economic-rebound-may-danger-off-fiscal-cliff-144302362.html?l=1
Spin Article. Mostly accounting paper shuffling. California government still in big debt and has spending problems.

Cash Is King: Printing of $100 Bills Soars
http://finance.yahoo.com/blogs/breakout/cash-king-printing-100-bills-soars-132438479.html?l=1
Dollar strengthening.

Oil drops as US 'fiscal cliff' approaches
http://news.yahoo.com/oil-drops-us-fiscal-cliff-054231448.html
Dollar Strengthening

Comments (0)
Wednesday, October 3, 2012
Popular tax breaks dead. What happens now?

Popular tax breaks dead. What happens now?
http://finance.yahoo.com/news/popular-tax-breaks-dead-happens-070040145.html
Romney will extend. Obama will not extend.

Oil falls amid concerns about global economy
http://news.yahoo.com/oil-falls-amid-concerns-global-economy-195720069--finance.html
Oil down, dollar up, gold down.

Iran tightens measures to stem currency fall
http://news.yahoo.com/iran-tightens-measures-stem-currency-fall-120740772--finance.html
100% oil based economy. Oil down, Drachma down. Sanctions pushing Drachma down.

Tags :  tax breaksoil pricesglobal economyIran
Comments (0)
Wednesday, September 5, 2012
Oil prices dragged down by economic headwinds

Oil prices dragged down by economic headwinds
http://news.yahoo.com/oil-prices-dragged-down-economic-headwinds-091605846--finance.html
Summer oil spike ends at the end of September. Oil down, dollar up, gold down.

Tags :  summer oil spikeoil prices
Comments (0)
Wednesday, August 29, 2012
Bernanke Will Freshen Up “Stale” Minutes at Jackson Hole

Bernanke Will Freshen Up “Stale” Minutes at Jackson Hole
http://finance.yahoo.com/blogs/breakout/bernanke-freshen-stale-minutes-jackson-hole-114329068.html?l=1
The Fed will not do a QE3 on September 12 meeting. Dollar up, gold down.

A.M. Kitco Metals Roundup: Gold Weaker on More Profit Taking, Chart Consolidation; Bernanke Speech Looms
http://www.kitco.com/reports/KitcoNews20120829JW_am.html
The Fed will not do a QE3 on September 12 meeting. Dollar up, gold down.

France wants to pay chunk of young hires' salaries
http://news.yahoo.com/france-wants-pay-chunk-young-hires-salaries-120152099--finance.html
How long can Europe keep kicking the can down the road?

Oil prices fall amid calls for increased output
http://news.yahoo.com/oil-prices-fall-amid-calls-increased-output-054927888--finance.html
Dollar up, Gold down.

Tags :  Federal ReserveQE3Jackson HoleGold PricesgoldBernankeFranceoil prices
Comments (1)
Friday, August 17, 2012
Gas Prices Will Continue to Rise Until U.S. Builds More Refineries: GasBuddy Analyst

Gas Prices Will Continue to Rise Until U.S. Builds More Refineries: GasBuddy Analyst
http://finance.yahoo.com/blogs/daily-ticker/gas-prices-continue-rise-until-u-builds-more-132114926.html?l=1
The dollar, fracturing and sideways drilling will make oil companies profitable enough to build or add to existing refineries when we have a government that is pro U.S. energy independence.

More Social Security Money Withheld Because of Unpaid Student Loans
http://gma.yahoo.com/blogs/abc-blogs/more-social-security-money-withheld-because-unpaid-student-100111510--abc-news-savings-and-investment.html
This is for people over 62. Guess how bad this will be for the excessive cost of students today when they reach 62.

Oil price drops to near $95 a barrel
http://news.yahoo.com/oil-price-drops-near-95-barrel-050518566--finance.html
All the mentioned reasons for the boost are temporary with the end of the summer oil spike (October) drastically lowering prices.

Comments (0)
Wednesday, August 1, 2012
Oil hovers above $88 as hopes fade for Fed easing

Oil hovers above $88 as hopes fade for Fed easing
http://news.yahoo.com/oil-hovers-above-88-hopes-fade-fed-easing-121716195--finance.html
Dollar up, commodities down.


China protests US sanctions against Chinese bank
http://news.yahoo.com/china-protests-us-sanctions-against-chinese-bank-075824543--finance.html
China is an economic enemy of the U.S. The #1 major in Chinese Universities is reverse engineering.

Spanish regions rebel against deficit targets
http://news.yahoo.com/spanish-regions-rebel-against-deficit-targets-085443015--finance.html
It is very hard to get public union workers to cut back.

Tags :  ChinaeconomySpanishOil pricesFederal ReserveCommoditiesDollar
Comments (2)
Tuesday, July 31, 2012
US consumers are more confident in the economy in July

US consumers are more confident in the economy in July
http://finance.yahoo.com/news/us-consumers-more-confident-economy-140230296.html?l=1
U.S. private sector (70% of U.S. GDP) is improving in spite of the U.S. Government.

Deutsche Bank to slash 1,900 jobs to save $3.67 billion
http://finance.yahoo.com/news/deutsche-bank-slash-1-900-115903210.html?l=1
Euro banks in trouble.

Obama Urges 'Decisive Action' to Stop Euro From Unraveling
http://finance.yahoo.com/news/obama-urges-decisive-action-stop-003600348.html?l=1
Not U.S. responsibility. U.S. consumes 90% of its own GDP, only exports 10%, what happens overseas is minor. We need to concentrate on what is happening in the U.S.

Spain says up to $200 billion left country by May
http://news.yahoo.com/spain-says-200-billion-left-country-may-102212543--finance.html
Euro is one bank run away from collapsing, Euro down, dollar up, gold down.

Oil prices inch back over $90 as ECB moves awaited
http://news.yahoo.com/oil-prices-inch-back-over-90-ecb-moves-110353038--finance.html
No QE3 and European promises are empty, dollar up, commodities down.

A glance at Europe's unemployment figures
http://news.yahoo.com/glance-europes-unemployment-figures-101510430--finance.html
U.S. and Europe are nothing alike. Europe 55% public union, U.S. is 6% public union.

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Wednesday, July 11, 2012
US trade deficit fell to $48.7 billion in May

US trade deficit fell to $48.7 billion in May
http://finance.yahoo.com/news/us-trade-deficit-fell-48-123925584.html?l=1
U.S. Private Sector (70% of U.S. GDP) growing. The rest of the world is shrinking.

Oil Rebounds From One-Week Low as U.S. Crude Stockpiles Decline
http://finance.yahoo.com/news/oil-rebounds-one-week-low-080538124.html?l=1
Accurate article. Dollar up, gold down. Oil supply down, oil price up.

Corn Futures SURGE As USDA Cuts Crop Forecast By 12%
http://finance.yahoo.com/news/corn-prices-surge-usda-cuts-123804816.html?l=1
Temporary. Ethanol subsidies will end in December. Corn prices will tank.

Spain unveils new austerity under European pressure
http://finance.yahoo.com/news/spain-unveils-austerity-under-european-125958700.html?l=1
More empty policies.

Comments (0)
Monday, June 18, 2012
Government Wants HARP Loans, Doesn’t Want Banks to Profit

Government Wants HARP Loans, Doesn’t Want Banks to Profit
http://finance.yahoo.com/blogs/daily-ticker/government-wants-harp-loans-doesn-t-want-banks-142400249.html?l=1
This is what got us in trouble the first time. When will the government get out of private business.

Spanish Yields at 7% Show Investors Slamming Door: Euro Credit
http://finance.yahoo.com/news/spanish-yields-7-show-investors-083959716.html?l=1
7% is normally to death nail limit from private investment. Only governments will buy some ones debt above 7%.

G20 to press Europe for lasting crisis fix
http://finance.yahoo.com/news/g20-press-europe-lasting-fix-112146616.html?l=1
More promises, no action.

Oil falls back as concerns over euro zone remain
http://finance.yahoo.com/news/oil-prices-slide-greece-optimism-124007334.html?l=1
Euro down, dollar up.

Comments (1)
Tuesday, June 5, 2012
Europe Austerity Targets 'Too Big to Succeed': Analyst

Europe Austerity Targets 'Too Big to Succeed': Analyst
http://finance.yahoo.com/news/europe-austerity-targets-too-big-125907724.html?l=1
Only Ireland and Greece have passed austerity programs that have actually cut their deficits. All other European countries have increased.

Oil hovers near 8-month low below $84
http://news.yahoo.com/oil-hovers-near-8-month-low-below-84-123701818.html
There is a glut of oil. Oil prices are going down because the U.S. dollar is strengthening.

Comments (1)
Tuesday, May 8, 2012
Comex Gold Extends Earlier Losses to Trade Sharply Lower; Serious Near-Term Technical Damage Inflicted

Comex Gold Extends Earlier Losses to Trade Sharply Lower; Serious Near-Term Technical Damage Inflicted
http://www.kitco.com/reports/KitcoNews20120508JW_update.html
Euro down, dollar up, gold down.

Wall Street falls 1 percent on euro uncertainty
http://finance.yahoo.com/news/stock-futures-fall-greece-political-113038760.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Germans warns Greece: no cuts, no aid
http://news.yahoo.com/germans-warns-greece-no-cuts-no-aid-140823443--business.html
Greece broke by end of June, possible domino effect.

Another Spring Swoon? Nope, Europe Won’t Stop This Bull Market Says Paulsen
http://finance.yahoo.com/blogs/breakout/another-spring-swoon-nope-europe-won-t-stop-130942123.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Oil falls to near $97 amid weak US, Europe demand
http://news.yahoo.com/oil-falls-near-97-amid-weak-us-europe-082534387--finance.html
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

The Myth of America’s Decline Is Just That – A Myth: Dan Gross
http://finance.yahoo.com/blogs/daily-ticker/myth-america-decline-just-myth-dan-gross-135826095.html?l=1
U.S. Private Sector (70% of U.S. GDP) is growing. Dollar is strengthening. Investment capital around the world is flowing to the U.S. dollar and U.S. private sector.

Comments (1)
Thursday, May 3, 2012
Gold adds to losses after U.S. jobs, services data

Gold adds to losses after U.S. jobs, services data
http://www.marketwatch.com/story/gold-silver-extend-losses-in-asian-trade-2012-05-03
Negative title for positive job report. U.S. Private Sector (70% of U.S. GDP) is growing.

OPEC says pumping hard to bring oil price down
http://finance.yahoo.com/news/opec-says-pumping-hard-bring-152037059.html?l=1
High oil and gas prices pushing U.S. to become energy independent. Environmentalist and Democrats are losing their battle against oil and gas as prices go up. OPEC concerned they could lose there biggest consumer if they keep oil and gas prices high.

Jobless claims tumble, service sector slows
http://finance.yahoo.com/news/jobless-claims-tumble-may-calm-123228569.html
Negative title for positive job report. U.S. Private Sector (70% of U.S. GDP) is growing.

Buy or Bail? Stocks Testing Nerves of Bulls and Bears
http://finance.yahoo.com/blogs/breakout/buy-bail-stocks-testing-nerves-bulls-bears-152949136.html?l=1
As the private sector (70% of U.S. GDP) grows the stock market will have to shift back to doing business with the U.S. dollar, U.S. private sector and economic allies who are doing business with the U.S. dollar and the U.S. private sector.

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Tuesday, March 20, 2012
Comex Gold Lower Amid A "Risk Off" Trading Day

Market mood turns sour on China fears
http://news.yahoo.com/market-mood-turns-sour-china-fears-141710703.html
Half truth article. The U.S. Private Sector (70% of U.S. GDP and 25% of world GDP) is not dependent on China. The U.S. consumes 90% of its own GDP, we only export and import 10% of our GDP.

Kuwait says Iran vows not to shut Strait of Hormuz
http://news.yahoo.com/kuwait-says-iran-vows-not-shut-strait-hormuz-144408213.html
There is no shortage of oil or gas in the U.S. Speculation and government regulation is the reason for high oil prices.

A.M. Kitco Metals Roundup: Comex Gold Lower Amid A "Risk Off" Trading Day In Market Place
http://www.kitco.com/reports/KitcoNews20120320JW_am.html
Europe is dealing with some debt issues today and tomorrow, Euro down, Dollar up, gold down.

Tags :  U.S. Private SectorChinaGDPKuwaitoil pricesEuropeGold prices
Comments (1)
Wednesday, February 29, 2012
Gold falls on upbeat U.S. economic data

Gold falls on upbeat U.S. economic data, Bernanke
http://finance.yahoo.com/news/gold-falls-upbeat-u-economic-154248753.html?l=1
The private sector (70% US GDP and 25% of world GDP) is the only place showing growth.

Stockton could become biggest city to go bankrupt
http://news.yahoo.com/stockton-could-become-biggest-city-bankrupt-024108696.html
Pain growing in city, county and states. More bankruptcies to come.

U.S. announces diplomatic breakthrough with North Korea
http://news.yahoo.com/blogs/envoy/u-announces-diplomatic-breakthrough-north-korea-152331635.html
Nuke program is very expensive. They chose food over bombs.

College costs: Time to rethink higher education
http://finance.yahoo.com/news/college-costs-time-rethink-higher-120400689.html
The next bubble will be government backed student loans.

Rhetoric on Oil Prices Flares: Boehner vs. White House
http://news.yahoo.com/rhetoric-oil-prices-flares-boehner-vs-white-house-225123089--abc-news.html
Non-existent and failed energy programs for last 30 years is over. Private businesses are building an energy plan in spite of Federal government.

Greek unions hit back at minumum wage cuts
http://news.yahoo.com/greek-unions-hit-back-minumum-wage-cuts-082058859.html
Already breaking austerity promises.

Students, police clash in Spanish city Barcelona
http://news.yahoo.com/students-police-clash-spanish-city-barcelona-155409809.html
Already breaking austerity promises.

Comex Gold Falls On Bernanke Remarks; Profit-Taking Cited Ahead Of $1,800 Region
http://www.kitco.com/reports/KitcoNews20120229AS_goldupdate.html
Dollar up, gold down, long term.

Comments (2)
Thursday, February 23, 2012
Euro Zone Economy to Shrink in 2012
Euro zone economy to shrink in 2012
http://finance.yahoo.com/news/euro-zone-economy-shrink-2012-100936873.html?l=1
World economies shrinking, U.S. economy growing, dollar strengthening.
 
Does Obama’s Corporate Tax Plan Make the Grade?
http://finance.yahoo.com/blogs/breakout/does-obama-corporate-tax-plan-grade-131241789.html?l=1
Lowers taxes for some, raised taxes for alot more, which will kill foreign U.S. businesses.
 
Obama goes on offense over high gasoline prices
http://news.yahoo.com/analysis-obama-goes-offense-over-high-gasoline-prices-060444869.html
Obama needs Oil over $100 a barrel for alternative technologies to be economical.
 
Oil stays above $106 despite US crude supply jump
http://news.yahoo.com/oil-stays-above-106-despite-us-crude-supply-125301750.html
Speculation pushing oil up, caused by Obama’s weak foreign policy and his anti energy policy in the U.S.
 
EU prepares to evict Iran's banks from banking hub
http://news.yahoo.com/eu-prepares-evict-irans-banks-banking-hub-115519404.html
Will not stop Iran from getting the bomb.

Comments (0)
Monday, February 20, 2012
Oil jumps to 9-month high after Iran cuts supply
Oil jumps to 9-month high after Iran cuts supply
http://finance.yahoo.com/news/oil-jumps-9-month-high-044713139.html
Oil up, gold up.
 
Iranians desperate as dark economic clouds gather
http://finance.yahoo.com/news/iranians-desperate-dark-economic-clouds-160443229.html
Don’t be fooled, this is not going to stop Iran from developing a nuclear weapon.
 
PRECIOUS-Gold climbs with euro on hopes for Greek deal
http://af.reuters.com/article/metalsNews/idAFL4E8DK27R20120220
More promises. Temporary dollar down, gold up.
 
Deal trims maximum jobless benefits to 73 weeks
http://news.yahoo.com/deal-trims-maximum-jobless-benefits-73-weeks-084132078.html
The only good news I could find. 50% of the people on unemployment will go back to work, the moment they cut benifets.

Tags :  oil pricesIrangold pricesunemployment
Comments (1)