In this interview with The Energy Report, RBC's John Ragozzino tells us he's anticipating a V-shaped oil price recovery that could bode well for upstream master limited partnerships, the companies that invest in oil and gas assets and have been hit hard by lower prices.
Unlike many commodities, there are many shades to gold, such as the Love Trade’s buying gold for loved ones and the Fear Trade’s purchasing gold as a store of value. An additional “shade” investors need to be aware of is how the Fed interprets the recovery of the U.S. economy.
The wholesale gold price rose to $1,712 an ounce Tuesday morning in London, a few dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow's Federal Reserve policy decision.
These areas include global companies that are involved in the production, exploration or processing of various commodities which stand to benefit from the world’s growing population, urbanization and rising income trends.
According to the former special inspector general for the $700-billion US Troubled Asset Relief Program (Tarp) that bailed out the US banking system in 2008, another financial crisis is all but inevitable and the cost will be even higher than the 2008 financial crisis.
Commodity prices are on the upswing amid a broad-based recovery in risk appetite after second-quarter Chinese GDP figures printed broadly in line with expectations overnight. The result was received as net-neutral for sentiment.
The debt is too onerous to be repaid. So we will have to see massive defaults in terms of transfer payments to the masses and huge numbers of bankruptcies in the future. This will all be very deflationary and that means that the price of most everything could fall dramatically.