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It could well be time to short oil again.Last week, we expected oil to rebound toward $30, along with a rising flag. But conditions appear worse than we had anticipated after the commodity's...
Don’t worry about oil prices going to the teens. They already have, between Friday’s settlement and Monday’s open, in that black hole called electronic trading.As I write this, U.S....
First, thank the Federal Reserve, the ECB and other global central banks for their response to the COVID-19 pandemic. Then, the U.S. Senate and lawmakers around the world. Finished? Now, say thank you...
A week ago, I suggested to readers who were long gas that the worst might not be over yet for them.My conjecture was based on the 25-year low of $1.56 hit by the front-month gas contract for each...
Like a Disney animation, gold suddenly seems to have transformed with the wave of a fairy pixie’s wand and sprinkle of magic dust.From a safe haven that looked anything but “safe”...
With XAU/USD rising for the third day, could gold be reclaiming its glittering crown? Several analysts, including those at Goldman Sachs, seem to think so. And the technicals appear to agree with...
Yes, we know that the headline may evoke some disparaging comments. Yes, we’re aware that there’s a global pandemic that's disrupting manufacturing lines and shipping supply chains, and we...
How long will it be before crude trades in the teens?It's a question without doubt in the minds of us all, though another question to be asked is what will happen to shale oil at those prices.West...
For some longs in natural gas still shuddering at finding themselves at 25-year lows after this week’s 14% price collapse, I hate to be the bearer of this news: the worst isn’t over.The...
The price of oil just crashed to below $25.00 as we write this. That's right below the intraday low and $26.21 closing price of February 2016. It's also in line with the commodity's 17-year low hit in...
We live in the strangest of times where a 24 hour period can feel like 24 days. Just yesterday, I wrote that I wasn’t sure if Donald Trump’s acknowledgement of a potential recession...
Under ordinary circumstances, one emergency rate cut should have been enough to do it for Wall Street. But these are extraordinary times, so even two unscheduled Fed cuts haven’t worked their...
Forget oil. The oft-used refrain that “it’ll probably get worse before it gets better” has suddenly taken on a very frightening meaning for markets and investors of most stripes and...
Fitch is making a bold bet on China and copper. Wall Street and the red metal’s charts tell a different story for now.As stocks and markets the world over experienced for a second time this week...
OPEC is going to do what it’s going to do. And beyond cutting production, there’s nothing the cartel can do to push oil prices higher. Yet, the epic demand destruction to crude caused by...