Companies are saving development dollars by reworking old wells. When it's done right, the rates of return are astounding. In this interview, Josh Young explains redrilling economics and highlights off-the-radar shale basins outperforming those in the limelight.
Safe haven demand has returned due to concerns that military action against Syria could lead to a war in the already very unstable Middle East, which could result in much higher oil prices and impact the already fragile global economy.
During the week ending May 9, the gold-backed ETP holdings rebounded 0.1% to 2,241.708 metric tons, the first rise since the beginning of April. In India, gold imports will likely top 100 tonnes in May.
The aftermath of dramatic balance sheet expansion is bound to be a rebound in inflationary pressures, but Fed Chair Ben Bernanke said the central bank is not going to react to a short term increase in current inflation.
In a volatile, high-risk, volatile world prudence calls for managing against a range of risks by looking at how assets inter-relate, rather than searching for the one or two assets that might perform best in a more certain and low-risk world.
Spot metals prices extended their losses as the markets opened for the final session of this week in New York this morning. This week will mark the second one in a row of value declines in gold and silver as market participants continue to show doubts.