Commodity Trade Mantra

Posts Tagged ‘Iraq’

The End Of OPEC - The Benefit of the Crude Oil Cartel is Gone

OPEC seems at a loss about how to cope with competition & is struggling to influence other big producers outside the organization like Russia & Brazil. Unable to come up with a strategy to handle these new developments, the cartel has decided not to intervene, hoping that low prices will eventually curb production in the US.

Low Prices Are NOT The Reason To Own Gold And Silver

If you think the reasons for owning physical gold and silver are based on number of coin sales, ratio of paper demand per physical ounce, how many tonnes China, Russia, India, Turkey & others own is why you should hold either, think again. With the coming unavoidable events, if you do not have gold or silver, you got nothing.

Buy Gold and Silver to Protect Your Wealth

The current geopolitical tensions are going to worsen in the short-term. No matter what media you may believe, in the end you have to look after yourself & the way things are going every individual should own some physical gold and silver. They provide the ultimate insurance against bad decisions made by governments.

To know where Silver Prices are going, ask Crude Oil

Crude oil prices have been going up for 12+ years and will continue to climb. Politics and war will accelerate the oil price increases. Crude and silver have been trending upward for 12+ years. So – If crude oil prices are moving higher – silver prices will follow up too. Have a look at these charts here.

Gold Prices Higher On Slowing Global Economy and Geopolitical Tensions

Gold prices jumped last week when World Bank released its report regarding the global economy, slashing its global GDP forecast on weaker outlooks in the US & elsewhere. Gold prices have now hit their highest in nearly three weeks as escalating turmoil in Iraq and Ukraine resulted in fresh safe-haven buying.

Why Base Price Of Gold Should Be North Of $2,000

Base price of gold should be over $2,000 an ounce if we average gold-oil ratio for the previous four decades & when we factor in the ongoing geo-political events taking place in the Middle East & Russia-Ukraine as well as the peaking of global oil production. And that does not include the huge monetary printing & debt.

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