Trading Desk Notes For March 12, 2022
03/15/2022 12:41 PMThe inevitable consequences of soaring commodity prices In last week’s Notes, I wrote: “There are always unexpected consequences. Somewhere in the world, there is a massive “short commodity” position that may “blow up” as a result of soaring commodity prices – causing...
read more
Russians try to sell Big Macs for around $36 each and a McDonald’s paper bag for more than $300, following the closure of branches
03/14/2022 1:56 PMRussians are attempting to sell McDonald's menu items online at highly inflated prices, following the closure of more than 800 restaurants in the country. Insider viewed multiple listings on Avito, a Russian classified-ads website, which offered products including Big...
read more
March 12th Episode
03/12/2022 8:22 AMIt's a dollar crash - housing, gas, food - "my dollar just doesn't buy as much any more." Welcome to the monetary crisis. Mike brings in top analyst Luke Gromen to protect you. Plus Plurilock's Ian Paterson on cyber security and Ozzie on the government's attack on...
read more
Canadian dollar outperforms G10 peers on jobs surge
03/11/2022 3:49 PM* Canadian dollar strengthens 0.2% against the greenback * Canada adds 336,600 jobs in February * Price of U.S. oil settles 3.1% higher * Canadian 10-year yield touches a 3-year high at 2.006% The Canadian dollar strengthened against its broadly stronger U.S....
read more
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
03/10/2022 11:52 AMThe market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. Gold shines, Bitcoin disappoints In 2022, investors have been rushing to the...
read more
Schachter’s Eye on Energy for March 9
03/09/2022 12:28 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
read more
Oil Prices Crash By 11% As UAE Calls On OPEC To Open The Taps
03/09/2022 11:59 AMUAE Ambassador to Washington says his country favours production increases and will encourage OPEC to consider higher production levels. The UAE marks the first OPEC+ member to call for more production. Brent crude has dropped more than $15 per barrel as traders have...
read more
Alberta temporarily drops 13-cent-a-litre gas tax April 1 to provide some relief at the pumps
03/07/2022 3:31 PMThe Alberta government is temporarily ending the collection of its 13-cent-a-litre gas tax as of April 1 in an attempt to help Albertans dealing with increasing fuel costs. Premier Jason Kenney announced Monday that the fuel tax, which covers both gasoline and diesel,...
read more
A majority of Vancouver residents ready to see COVID restrictions lifted by spring break: poll
03/07/2022 1:27 PMShould we keep masking up and showing vaccine passports in B.C. as we head into mid-March and spring break? Vancouver residents seem ready to ditch the province's remaining pandemic-related restrictions, according to a recent V.I.A. poll, which found that 44.55% of...
read more
Falcon slams NDP for high gasoline tax, housing prices
03/07/2022 12:30 PMKevin Falcon, new leader of the BC Liberal Party, laid into BC NDP government policies today – from gasoline taxes to housing initiatives – that he said are making it hard for ordinary British Columbians to get by. B.C., especially Vancouver, has been seeing...
read more
