Energy & Commodities

Bullish Sentiment Is Building In Oil Markets

Posted by Josh Owens

on Wednesday, 19 August 2020 7:55

Oil prices rose to a five-month high this week on hopes that the economy is reviving. New coronavirus cases have fallen back in previously hard-hit states such as Florida and Arizona. At the same time, the U.S. shale industry is not rebounding, adding to bullish momentum on the supply side of the equation. Prices fell back in early trading on Tuesday.

Trump admin approves Alaska drilling. The Trump administration approved an oil leasing program for the Alaska National Wildlife Refuge (ANWR), opening up 19 million acres of wilderness for drilling for the first time. The Interior Department is aiming to finalize the process to make it difficult to undo if the election results in a change of administration. However, investors question the profitability of the enterprise, and several major banks, including Goldman Sachs and Wells Fargo, have ruled out financing any ANWR drilling…CLICK for complete article

Gold: The Correction Is Over, Buying Opportunity Remains

Posted by Victor Dergunov

on Tuesday, 18 August 2020 6:36

We had an atypically volatile move in gold last. However, we see gold is moving higher once again, and is now trading decisively above $2,000 resistance. We also see a constructive upward trajectory developing here in gold as well.

The unexpected release of a largely untested C-virus vaccine in Russia reportedly “shocked researchers”. However, that is not all it did, as it created a perfect opportunity to take short term profits in gold as well as in GSMs in general…CLICK for complete article

Quote of the Week, Shocking Stat & Goofy Award

Posted by MoneyTalks Editor

on Sunday, 16 August 2020 11:56


Quote of the Week
The publisher of the Wall Street Journal on the most troubling trend in the media.

Shocking Stat of the Week
As the US election gets into high gear we bet you won’t see a more shocking stat on the front runner.

Goofy Award
Hey, wait a minute – I thought WeCharity had only “limited engagement” with the Liberal government.

Pandemic Perception vs Reality

Posted by Michael Campbell

on Saturday, 15 August 2020 10:30

The downside of over hyping COVID19. Plus without a doubt the most shocking poll results yet on people’s attitudes regarding the pandemic.

The Decade Long Path Ahead To Recovery – Part 2 Depression

Posted by Michael Lebowitz & Jack Scott

on Thursday, 13 August 2020 7:01

The first article in this series, Part 1 Debt, details the massive accumulation of debt and how it will handicap economic growth in the future.

Debt is but one crucial economic factor to consider when assessing economic growth. There are three other “D” problems worth considering- Depression, Demographics, and De-globalization.

To assess where the economy is going, you first must know where it is. With that in mind, the focus of this article is depression.

Visualizing a Depression

Will the current economic slump be called a recession or depression? No one knows for sure because there is no precise definition of depression. That said, recessions tend to be relatively brief periods of economic contraction – 18 months or less. Depressions, like that experienced in the 1930s, extend much longer.  What we do know now is that recent economic data is unlike anything seen since the Great Depression.

Fortunately, the economy appears to be stabilizing and showing signs of recovery. We caveat the statement as recovery rests solely on the crutches of unprecedented Federal and Monetary stimulus. Fed and government actions are not only buying economic growth but time.

The graphs below show that some of the economic damage seen thus far is mind-boggling…CLICK for complete article

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