Following directly on from the discussion last week about capital formation in the resource industry, our in-house mining expert Jamie Keech and I today dig deeper into the current capital starvation in the resource industry and much, much more. Here are some things we discuss, which we believe are “uber importante” for investors today: One geopolitical setup…
May natural gas prices retreated from their recent highs set yesterday, settling down around half a percent on the day today. The entire front of the strip came under a bit of selling pressure, generally settling down slightly more than a cent. Meanwhile, Henry Hub cash prices remained quite firm on the day. With cash…
Despite geopolitical risks seemingly ebbing, WTI/RBOB rebounded today on hopes OPEC would extend output cuts and extended gains after API reported surprise draws across the entire energy space. Additionally, Bloomberg points out that Alberta’s plan to cut crude and fuel shipments to British Columbia could ripple across the entire west coast of North America, causing pump prices to surge and…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee…
We’ve been talking quite a lot recently about the equity market’s inability to hang on to gains in the last hour of trading. Heading into today, the index had traded down in the last hour of trading for six straight sessions. Today, equities were strong throughout the trading day and even started to leg higher…
On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based Commodity Exchange…
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U.S. retail sales picked up in March after declining for three straight months, as consumers bought more motor vehicles and other expensive items, reflecting a revival in consumer spending owing to tax cuts and refunds. Eight of 13 major retail categories showed improvement. Into the Headlines Overall retail sales increased 0.6% in March, after 0.1%…
CNBC’s Phil LeBeau reports on the quarterly earnings for United.
Good evening folks, good to have you back! I came across a very interesting chart today, and I think it is worth contemplating for a moment. It is from Yardeni research, their research and charting is a treasure trove, you should check it out. Heres the chart, You are looking at the last 20 years of the…
