Energy
Gold’s rebound stopped as fund outflows continued Friday
Gold’s rebound stopped as fund outflows continued Friday The sharp rebound in the precious Yellow metal from 2 wks ago was not sustainable due to the ongoing capital shifts into equities, an expert on precious metal said Saturday. The price of Gold lost 2.5% during the last week and trades now at around 1,488 oz. [...]
Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year
Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year JPM, PPLT Barclays looks for Platinum and Palladium to remain in supply deficits this year. The bank says South Africa’s supply-side challenges, auto-catalyst recycling and weak European demand are likely to be the dominant themes at Platinum Week events this week, which include the [...]
Gold Could Rise Further, But Needs Support From ETFs
Gold Could Rise Further, But Needs Support From ETFs NMR, GLD Gold prices are up from the lows notched in April, supported by strong physical demand from Asia, but selling out of Gold exchange-traded funds is limiting gains, said Nomura NYSE:NMR. “While we think Gold is likely to rise, it needs a turn from Gold [...]
Gold Price: Buy the Dips
Gold Price: Buy the Dips GOLD (Spot) intraday: the downside prevails. Pivot: 1449.00 Our preference: SHORT positions below 1449 with targets @ 1430 & 1423. Long Term: The upside penetration of 1449 will call for a rebound towards 1462 & 1476. Comment: the immediate trend remains down and the momentum is strong. Opinion published is [...]
Oil Price Continues Higher
Crude Oil (Jun 13) intraday: the bias remains bullish. Pivot: 94.85 Our preference: LONG positions above 94.85 with 96.75 & 97.2 in sight. Alternative scenario: The downside penetration of 94.85 will call for 93.7 & 92.95. Comment: the RSI is mixed and calls for caution. Opinion published is an intraday view. Green Lines Represent Resistance [...]
Nat Gas Futures Weighed Down by Rise in Inventory
Nat Gas Futures Weighed Down by Rise in Inventory OIH, UNG The US Energy Information Administration (EIA) today reported the US Nat Gas stocks increased by 88-B cubic feet last week, above the expected build of about 83 billion cubic feet anticipated by analysts. Natural gas futures prices were down nearly 2% in advance of [...]
Resolute Energy (NYSE: REN) to Trade Under $8 on New Offering
Resolute Energy (NYSE: REN) to Trade Under $8 on New Offering Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) announced today the pricing of a previously announced registered underwritten public offering of 13,250,000 shares of common stock offered by the Company and 3,000,000 shares of common stock offered by certain selling stockholders. All of [...]
Oil Price Moving Higher
Oil Price Moving Higher Crude Oil (Jun 13) intraday: further advance. Pivot: 94.85 Our preference: LONG positions above 94.85 with targets @ 97.2 & 98. Alternative scenario: The downside breakout of 94.85 will open the way to 93.7 & 92.95. Comment: the RSI is supported by a bullish trend line. Opinion published is an intraday [...]
Gold Up on Strong Demand from Asia
Gold Up on Strong Demand from Asia Gold futures on the COMEX division of the New York Merc rose Wednesday to the highest level since 12 April on strong demand from Asia. The most active gold contract for June delivery gained 24.9, or 1.72% to settle at 1,473.7 oz. Demand for physical Gold from Asia, [...]
Gold, Silver, Copper and Crude Oil Trade
Gold, Silver, Copper and Crude Oil Trade US Gold futures finished pit trade higher Wednesday driven by upbeat economic data from China and by Bullish outside market forces, e.g. a lower USD index and firmer Crude Oil prices. Jun Comex Gold last traded + 24.20 at 1,473.00 oz. Spot Gold was last quoted + 21.50 [...]
US Coastal States Governors Want More Offshore Drilling
US Coastal States Governors Want More Offshore Drilling COP, RDS-A, RDS-B Governors of coastal states say the shadow cast by Deepwater Horizon has lingered too long, now they want more drilling off their coasts and they want to reap more of the benefits, they told an audience at the Offshore Technology Conference in Houston Monday. [...]
Gold, Silver and Crude Oil Trading
Gold, Silver and Crude Oil Trading US Gold futures prices finished pit trade higher Monday. The market found support in improving near-term technicals. The strong demand for physical Gold continues to support the market. Jun Comex Gold last traded + 4.20 at 1,468.40 oz. Spot Gold was last quoted – 1.50 at 1,469.50 oz. Jul [...]
Ray Irani Out as Chairman of Occidental Petroleum NYSE:OXY
Ray Irani Out as Chairman of Occidental Petroleum NYSE:OXY Occidental Petroleum Corp. who drew criticism over his compensation as CEO, is out. Ray R. Irani, 78 anni, will step down and be replaced by a former diplomat, Occidental announced Friday after its annual meeting. Shareholders cast their shares against him by more than a 3-to-1 [...]
2013 North American Shale Plays Map
2013 North American Shale Plays Map Platts, a leading global energy, petrochemicals and metals information provider, has expanded its portfolio of maps with the release of its 2013 North American Shale Plays Map. Now in its second edition, this detailed, printed wall map presents in vivid color the key components of the burgeoning North American [...]
Investor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
Shayne Heffernan: How to Develop an Inflation Hedge 2013
QE1, QE2, QE3, the Bernanke “Twist” and QE4 are pumping out money at a rate never before seen in …
Chopard Jewels Robbed from Hotel Room at Cannes Film Festival
$1-M worth of Chopard jewelry has been stolen at the Cannes Film Festival.
French police confirmed to …
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