Tag: Oil
Gold And Silver Ups And Downs – Why Is This Happening?
Gold and Silver Prices This week, gold and silver continue to make sweeping historical moves. On one hand, the gold price broke through first $1850, then $1900 within two days. On the other hand, the silver price exceeded $20 on July 20th, then saw $21, $22, and $23 in the following days. Although the silver price doesn’t seem much […]
Chaos In The Oil Markets Explained
Whitney Tilson’s email to investors discussing his colleague Berna Barshay on the chaos in the oil markets. The Chaos In The Oil Market After more than 25 years since my first day on the trading floor, it’s not often that I see something that I’ve never seen before – and never thought I’d see! But yesterday was […]
Oilmageddon And The Global Economy
I grew up on the Gulf Coast, beginning in Florida, then over to Texas, then part way back to Louisiana. We weren’t testing beaches, we were following boats. My stepfather joined our family when I was quite young, essentially becoming my parent. He took a job on a shrimp boat in the Florida panhandle and […]
Gold Soars On The Saudi Oil Attacks: Can It Last?
Over the weekend, there was a drone attack against the world’s largest oil processing facility and a major oilfield in Saudi Arabia. Oil prices have predictably spiked, but how will this geopolitical shock affect the gold market in the days ahead? What Happened? On Saturday, the drone bombings struck the Abqaiq oil-processing plant and the Khurais oil […]
America’s Fake Economy And Shale Oil Boom
PARIS – We promised to end the week with a bang! You’ll recall that Fed policy always consists of the same three mistakes… 1) Keeping interest rates too low for too long, resulting in too much debt; 2) Raising interest rates to try to gently deflate the debt bubble; and 3) Cutting rates in a […]
Investors Facing Crude Facts
Shell-shocked investors are shifting their attention away from tariffs to the world’s most important commodity — crude oil. The U.S. and China are locked in a brutal struggle on trade policy, but they agree on at least one thing: they’d like to see lower oil prices. President Trump recently declared as much, complaining in a tweet […]
Oil Is Breaking Out, How About Oil Company Stocks?
In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]
Is Crude Oil Due For A Big Move?
In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period, an investor isn’t making a conventional directional bet; rather the investor is looking for a big move either up or down. The rub is that […]
Are You Ready For This Crude Possibility?
Oil’s back on the move again… After plunging from $106 a barrel down to $78 in May and June, the lifeblood of global commerce is finding its footing. In fact, oil’s back up to $93… a solid 18% advance from the late June lows. Take a look… No matter how you slice it, that’s a […]
Oil Rally: Is A 2008 Repeat In The Cards?
In case you haven’t noticed, bulls are still in control of the oil market… After bottoming at $94 a barrel in late 2011, crude cruised higher to hit $110 in late February. Prices have since pulled back, but oil’s still trading north of $105… not cheap by any standards. The primary market-moving factor is the […]
