Schachter’s Eye on Energy – June 30th

Each week Josef Schachter will give 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 &...

Gold ticks up as U.S. pending home sales surge in May

Gold attempted to recover some of its early-morning losses as the U.S. pending home sales surprised on the upside in May. The U.S. pending home sales were up 8% in May, rebounding after April’s 4.4% drop, the National Association of Realtors (NAR) said on Wednesday....

The Lumber Bubble Is Bursting

Lumber prices have skyrocketed in the past 12 months, causing the average price of both new and existing single-family homes to increase. Until now. That bubble appears to have burst, finally. Mandated lockdowns caused lumber sawmills to halt production while at the...
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