Posts Tagged ‘Oil’
“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down
Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a torrent of crude oil on the world despite the protests of its fellow cartel members, oil prices crashed as a result of what then seemed to be a “calculated” move by Riyadh which hoped to…
Read MoreA Shift In The Global Financial Order Is Upon Us
The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks… OPEC+: A 24-Hour View Coronavirus. That will be the first and last time this column mentions that word. Despite the weekend’s many developments in the epidemic, there is a new issue to drive…
Read More“We Have Never Seen This Before”: The Last Time The Market Did This, FDR Confiscated All The Gold
To say that moves in the US stock market have been erratic in the past two weeks would be a prodigious understatement: with the Dow Jones swinging by over 1,000 points on nearly 5 occasions in the past two weeks (today’s 970 point move would have been the fifth)… … traders – holding on for…
Read MoreThe Biden Bounce: Dow Futures Up 666 As Traders Forget About Panicking Fed
Biden + 666 maybe the same, EVIL… Futures have staged a miraculous recovery after yesterday’s historic drop – the biggest ever on a day when the Fed cut rates, and are up against some 70 points from yesterday’s close… … and Dow futures were up a delightfully appropriate 666 points… … as investors decided to…
Read MoreWhat Happened To Gold’s Safe-Haven Bid?
The US stock market continued its freefall last Friday. The Dow lost another 357 points to finish off the worst week since 2008. One would expect a save-haven like gold to thrive in the midst of the massive stock selloff, but it had a bad day on Friday as well crashing through the $1,600 mark and plummeting…
Read MoreThe Danger Of Deeper OPEC+ Cuts
OPEC+ agreed to cut production by 500,000 bpd, sending oil prices higher on Friday. During mid-day trading, WTI was just shy of $60 per barrel, and Brent moved closer to $65. In total, the 1.2 million-barrel-per-day (mb/d) cuts from OPEC will rise to 1.7 mb/d. Those details had been reported on Thursday. But when OPEC+ made it…
Read MorePersian Gulf Conflict Could Send Oil Beyond $325
There is no doubt that world war will be a part of the future. Christ plainly taught that there would be war prior to His return (Matthew 24:4-31). Some hold that He spoke generally of the Church age in verses 4-14 and spoke of the tribulation period starting at its mid-point in verses 15-31. Others…
Read More