Articles related to oil
 
Mickey Fulp - Mercenary Geologist
Gold, Silver, and the US Dollar: 1792-1971
In today's musing, I review the history of gold, silver, and fiat currency as money in the United States of America. I document how various wars, panics and depressions, Congressional acts, and executive orders have affected the US dollar prices of precious metals and resulting gold-silver ratios.This musing covers the period from 1792 when the United States government first established a national currency backed by gold and silver until
Thursday, April 19, 2018
Oilprice.com - oilprice.com
Supply Crunch Or Oil Glut: Investment Banks Can't Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC's production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street's major investment banks. The biggest banks remain bullish on oil prices, expecting moderate price gains by the end of the year, even after last month WTI prices dropped below $50 for a couple
Sunday, April 1, 2018
The Energy Report
Surge in Volume Leads to New High for Oil Stock
Technical analyst Clive Maund reflects on how to proceed following a surge in this oil company's stock. While there was clearly an element of luck involved, our repurchase of Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) on Monday tuned out to be very well timed, as it soared 25% higher (17% on US OTC) to a new high yesterday on huge record volume. What is likely to happen now? Should you take profits? The answer is believed to be no. Although it could ba
Friday, March 23, 2018
Keith Weiner - Monetary Metals
Standing Ready to Lease Gold
We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said: “…central bankers do not think about gold. Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018
Chris Powell - GATA
Iran's break with the dollar is easier said than done
A little over two weeks ago Iran eliminated another function of the U.S. dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will be manifold and interconnected, but there are discrepancies in views concerning what will happen as a result among experts and officials. On Feb. 28, the Ministry of Industry, Mines, and Trade announced by way of a directive that all traders are henceforth barred from registering their impor
Saturday, March 17, 2018
Przemyslaw Radomski CFA - SunshineProfits
Crude Oil – Who Wants the Triangle
On Thursday crude oil wavered between small gains and losses, but finished the day only 23 cents above Wednesday closing price. Such small daily changes that we observe recently don’t look too encouraging for oil bulls or for the bears. However, to dispel boredom, we rummaged deeper in the charts and we found something that may interest both sides of the market’s battle. Curious? Nevertheless, before we get to our little surprise, we would like to draw your attention to news from the IEA. Yester
Saturday, March 17, 2018
Przemyslaw Radomski CFA - SunshineProfits
Is the Economic Summer Coming
Cycles, cycles everywhere. We’ve already discussed the current state of the U.S. business cycle, arguing that the expansion should last for a while, although it is more advanced than in Europe. However, business cycles aren’t the only creatures living in an economic zoo. They are simply the most popular within the modern macroeconomics. The post-war business cycles lasted, on average, almost 6 years. But economists distinguished also shorter cycles, called Kitchin inventory cycles, which are bel
Saturday, March 17, 2018
Andy Hoffman - Miles Franklin
Hypersonic weapons and your standard of living…
Do you believe there is any coincidence the Russians first, followed by the Chinese … announced “hypersonic weapons”? I ask this question for several reasons and will come to a conclusion at the end but for now, with the rollout of the “petro-yuan” set for March 26 is there any coincidence we find out about these weapons now? We were even offered proof over the weekend of successful tests. If that were not enough, what heck is this? Please take the two minutes to watch the video, these are seaso
Saturday, March 17, 2018
Bullion Vault
Gold Price Unmoved, Hits 5-Week Low vs GBP as US Backs UK Over Russian Spy Attack
GOLD PRICES were unmoved Thursday by worsening tensions between Nato and Russia over the poisoning in Britain of a former spy, holding $5 below last week's finish to trade at $1318 per ounce as world stock markets also held flat overall. Silver also slipped, trading 1% down for the week so far at $16.43 as major Western bond prices rose, edging interest rates down. Russian bond yields rose as Mo
Friday, March 16, 2018
Przemyslaw Radomski CFA - SunshineProfits
EUR/USD – Something Old, Something New and… Something Blue
Since the beginning of the month all battles between bulls and bears run in a fairly narrow area, which unfortunately doesn’t create good investment opportunities. In today's alert, we looked at the broader perspective of EUR/USD and the USD Index itself, and we already have our own types where we will likely open next positions. If you do not want to miss the levels that we think about, take a look at our today's analysis. EUR/USD From today’s point of view, we see that the situation in the
Friday, March 16, 2018
Adrian Ash - Bullion Vault
10 Years of 4-Figure Gold
Spot gold prices first broke $1000 per ounce 14 March 2008... IN FACT the world's first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insur
Thursday, March 15, 2018
The Energy Report
Small-Cap Oil Company's First STACK Well Ranks Among Highest in Region
A small company drilling alongside the large operators has just released results from its first well, which exceeded expectations. Oklahoma's STACK oil play has been on the radar of oil companies the past few years as large independent producers like Devon Energy (DVN-NYSE), Continental Resources (CLR-NYSE), Marathon Oil (MRO-NYSE), Newfield Exploration (NFX-NYSE) and Alta Mesa (AMR-NYSE) have acquired large tracts of land. But it's not
Wednesday, March 14, 2018
Andy Hoffman - Miles Franklin
Silver Purchasing Power
This article was written for Miles Franklin by Gary Christenson. We know: a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913. b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining. c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by neces
Wednesday, March 14, 2018
The Gold Report
Jack Chan's Weekly Precious Metals Update
Technical analyst Jack Chan charts recent movements in the gold and silver markets. Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation is in bull market values.
Wednesday, March 14, 2018
Peter McKenzie-Brown - Language Instinct
Capturing a Cacophony of Voices
My  2017 book, Bitumen: The people, performance and passions behind Alberta's oil sands, its book of the year. I'm quite honoured. Here is an intro to the oil sands, based on information from that book. By Peter McKenzie-Brown Hudson’s Bay Company explorer James Knight made a seminal observation in his diary on June 27, 1715. On an expedition into today’s Alberta, he wrote that he had learned from Cree “Home Guard” Indigenous people, local trappers and factory provisioners “abt the Great R
Tuesday, March 13, 2018
Chris Powell - GATA
Monetary Metals' Weiner refuses to see anything wrong in the gold market
These days there aren't many denials of gold market manipulation by governments and central banks. As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capacity for manipulation, and the degree of their manipulation are of no practical or moral concern. But Keith Weiner of Monetary M
Tuesday, March 13, 2018
The Energy Report
Is Energy Bottoming
Technical analyst Jack Chan charts energy and finds that a tradable bottom is in place. $OSX is on a major sell signal. Our proprietary cycle indicator turns up this week. New buy signal New buy signal New buy signal New buy signal Summary Energy sector is on a major sell signal. The cycle is now up, suggesting a tradable bottom is in place. We have taken some trading positions with a multi-week outlook. Jack Chan is the editor of
Monday, March 12, 2018
The Energy Report
Analyst Calls Oil EP 'Most Attractive Small-Cap Montney Name in Our Universe'
Garett Ursu, an analyst with Cormark Securities, highlighted this energy firm's upcoming well test results and upside potential. A Feb. 28 Cormark Securities research note indicated that Blackbird Energy Inc. (BBI:TSX.V) is approaching its "final derisking event," which is the release of test results from the northern 3-27-71-7W6 well, before the company transitions to "a high-growth junior," wrote analyst Garett Ursu. Initial results, due out shortly
Monday, March 12, 2018
The Energy Report
Small-Cap Oil Company Ready to Break Out
Technical analyst Clive Maund discusses why he believes this small energy company that is "off the radar" of most investors is ready to break out. I recently wrote an alert on Torchlight Energy Resources Inc. (TRCH:NASDAQ): "The huge short seller who has kept a lid on Torchlight Energy (TRCH on NASDAQ CM, last $1.23) for so long is soon to be annihilated, because the company is doing horizontal Frack drilling with results due out soon that for various re
Sunday, March 11, 2018
Alasdair Macleod - Finance and Eco.
Trade Wars
An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice.The back story appears to be far deeper than some relatively minor tariffs on steel and aluminium would suggest. It comes after a prolonged period of shadow-boxing between America in the blue corner and Russia
Friday, March 9, 2018
12345678910...