Opinion

A Couple of Notes on Oil

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In a recent article I wrote that the fall in oil prices have already started to impact US oil companies, which have started to reduce their capex and shut down rigs. I would also like to make two more points…

Is Draghi’s QE Program Enough?

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Many have already talked about the recent ECB QE program, which is currently estimated to reach around 1.1 trillion euros or $1.3 trillion (or perhaps $1.2 trillion now that the Euro/USD is around 1.12). So here is another way to…

The good, bad and uncertain of BHP Billiton

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The weakness in the oil market has taken its toll on shares of leading natural resources company BHP Billiton (BHP). This company’s stock downward spiral in recent months could continue as some analysts estimate oil prices could fall further to…

Financial Market Preview for January 19-23

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The big news from SNB eclipsed all other news items from last week as the Swiss franc sharply rose against leading currencies including the Euro and U.S. dollar. This news may have also provided additional backwind for commodities such as…

What Is Keeping Gold Up?

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SPDR Gold Trust (GLD) started off 2015 with a 3% gain, which basically erased the losses incurred in the last three week of 2014. The recent recovery in the price of gold was partly related to the depreciation of the…

Oil Price Falls To A New Low

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The ongoing weakness in oil market has also dragged down the price of United States Oil Fund (USO), which has fallen by 10% since the beginning of year. Is Saudi Arabia capable of further driving down the price of oil?…