As impressive as shale gas and oil production has been in North America, Evan Smith expects 2014 to break records as producers move to a pure manufacturing process and drill multiple horizontal wells from a single pad. Smith tells us why a few of the companies in his fund had a stellar 2013, and why they could go even higher in 2014.
Wednesday's FOMC meeting is Ben Bernanke’s swan song, and if tapering is to be announced he would probably go out with falling bond markets, falling equities and a soaring dollar, not to mention disruption of emerging market currencies.
Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know, that's an important signal for a change in trend, which means that bearish price action is now back in view.
If one was to believe the picture that most Western media outlets are painting, Ukraine has been lost to Russia. Two recent energy deals that Ukraine has reportedly made, one with Russia and the other with Slovakia, however, show that the reality of the situation is slightly more complex.
Lack of near-term positive gold price catalysts and the recovery in the stock markets have prompted holders of the SPDR Gold Trust to liquidate their holdings, which have fallen 39% this year to 827.6 metric tons.
We have seen a downward move is oil stocks, which took the ratio below the lower line of the gap between the April 2009 low and May 2009 high, which is not supportive for further growth. What impact did this event have on the oil stock index?
Wholesale London gold tumbled more than $20 per ounce in quiet trade Thursday morning, falling with world stock markets after the week's "three-day rally [in gold] prompted some profit-taking" according to one dealing desk.
Is the worst already behind oil bulls and we will see further improvement? Before we try to answer these questions, we’ll examine three interesting ratios to see if there’s anything on the horizon that could drive crude oil higher or lower in the near future.