It’s been awhile since I spoke about Oil prices. My last post on the commodity detailed the technicals and why I expect HIGHER Oil prices. Interesting developments since then….
oil
US Stock Markets looked great in the early morning. We had big moves in Nvidia, Macy’s, Amazon, Google and a few other big techs. And then this happened: Above…
Gold looks ready folks. Just as we called the bottoming and breakout trigger on Silver, the yellow metal is looking ready to follow in Silver’s footsteps. In this Market…
There are two narratives on the financial markets. Earnings vs Pandemic Problems due to the Delta Variant. The stock markets seem to be occupied with earnings…but with current price…
Tourmaline Oil (TOU.T) announced they have entered into a definitive agreement to acquire the privately owned Black Swan Energy for a total consideration of approximately $1.1 billion. The $1.1 billion…
After the price war on oil, futures contracts expiring on Tuesday hit the negative territory on Monday. But where’s the actual oil? Quite literally, the ocean. At least one…
What happens when a global pandemic meets a price war on oil? Or, what happens when severe practical problems meet ineffective policymakers? Rather, what happens when an exogenous shock…
As if 2020 has not been weird and unusual already, today the world experienced another unprecedented wacky event: negative oil prices. If anyone reading this is about to rush…
The across-the-board market volatility witnessed in recent sessions has been nothing short of astounding. Example: The lifeblood of a number of nations around the globe—Oil—did one jaw-dropper of a…
Some ask, “if gold is such a safe haven asset, why did it get sold so unrelentingly when the broader indices caught what-for?” Great question. Gold was sold because…