Goldman Sachs says $40 oil first half of the year but $65 to $70 in the second half of the year and this story is catching some headlines.
The spot price of crude oil pushed higher in the news of Saudia Arabia King Abdullah’s passing. The bulls are speculating on a shift in Saudia Arabia’s policy of letting crude prices to fall.
Emerging Money Daily Audio Preview Call – December 16 – On the call today we get into what was black Tuesday in Moscow’s turns out to be possibly green Tuesday this afternoon seeing a major reversal in the markets.
Emerging Money Daily Audio Call – Wednesday, December 10 – On the call today we get into emerging market levels where we ticked lower another 1% today well through the October lows and we are dancing
Emerging Money Daily Audio Preview Call – Wednesday, December 10 – On the call today we get into emerging market levels where we ticked lower another 1% today well through the October lows and we are
While we were wrong in expecting a 500K cut yesterday as OPEC met to address plunging oil prices and a supply glut that is overwhelming lackluster ( but not negative) demand growth. What we were not wrong in expecting that OPEC would sound coordinated at least on the surface and ready to address the supply issues outside and inside of OPEC.
I want to provide an update on the WTI Crude Oil trade setup from May 28th “Crude Oil Update.” Back on the 28th, I anticipated the formation of one of my favorite technical trading patterns, the head and shoulders.
Emerging Money Audio Call Preview June 5th – ECB, Draghi delivering impact for emerging markets (EEM, quote) for sure, the stress that was created by EU Banks pulling money out of emerging markets and lending something that I think this is some relief as a bleed through on this morning’s news and ultimately putting central-bank stimulus back into the mix.