Commodity Trade Mantra

Posts Tagged ‘WTI Crude’

Oil Prices are most Definitely Heading to the Upper US$30s

Oil is in a downtrend and risks trending into the $30’s. The future might be bright for oil prices but the present is not. Any immediate price gain would be “wishful thinking”. Oil producers are no longer hedging their production because oil prices have fallen too much. US shale continues to grow production & Libya is adding large volumes of supply back onto the market at the worst possible time.

Gold to Steam Ahead on Uncertainty, Despite a Strong Dollar

Despite the strength of the dollar, gold is on an upward trajectory as investors look for a safe haven in an increasingly uncertain world. We think that the gold market is targeting $1,250/oz to the upside so long as we stay above $1,220/oz support. One of the factors driving investors towards gold – uncertainty over the outcome of the upcoming French presidential elections.

Huge Draw in Crude Oil Stocks Prove Ineffective, Will OPEC Meeting Help Oil Prices?

API reports a 1.4-million-build in US crude oil inventory over last week, much lower than expectations of a 4-million-barrel build, but bursting the bubble (biggest draw in a century) created the week before. Mixed signals from the OPEC nations and a lack of commitment from the larger oil producers indicate that the Algiers meeting could be headed the Doha way.

Bankers Manipulation Of Gold & Silver: Proof In The Demand Data

The Banking Cartel needs to keep investors away from buying gold and silver because they are the Blinking Red Light that indicates something is very wrong with the financial system. To keep the public and investor demand limited in gold and silver, the Cartel is using price suppression tactics, including negative press via financial networks.

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