The entire energy futures complex is notably higher at the open with RBOB Gasoline spiking over 5% to its highest since January amid the carnage of Hurricane Harvey. Bloomberg reports that Harvey, the strongest storm to hit the U.S. since 2004, made landfall as a
August 27, 2017
Talking Points: USD/CAD nears a critical chart point. Further interest rate hikes are expected as the Canadian housing market continues to boom. Retail sales disappoint but inflation is expected to tick higher. Fundamental Forecast for NZD: Neutral We remain neutral on the
Royal Gold (Nasdaq: RGLD) is one of the world’s leading precious metals royalty & stream companies, engaged in the acquisition and management of gold, silver, copper, lead and zinc. The company owns interests on 194 properties in over 20 countries,
The market-related factors of Hurricane Harvey are impossible to estimate but construction and rebuilding will be major projects in the area for at least several years ahead. Fortunately the ‘eye’ of Harvey missed densely-populated cities, while much like its
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all
Last week’s blog post, The Changing MLP Investor, received more interest than usual.There’s no shortage of research explaining why MLPs are cheap, but it seems few stop to consider the mindset of those who decline to act on this opportunity. Sometimes
USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this level will indicate that
There will be an option expiration on the Comex tomorrow, August 28th for the September contracts for gold and silver. Silver is a more significantly active metal in the September contract. The focus in gold trading now has shifted to
Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem
A few days ago Mike Swanson of WallStreetWindow.com interviewed me. Listen below to get my latest thoughts on the precious metals sector.
