News for Thursday — Gold, Oil & More
Posted on Thursday, June 26th, 2008 | In Current Market News, Energy Markets, Gold MarketsI’m very busy putting the finishing
touches on my new oil report. which comes out July 1. Here are a few
things to read …
Tim Iacono over at Seeking Alpha wonders if gold is about to make its next big move higher. And he has chart eye-candy …
Are we really heading for a shooting war with Iran? The Jerusalem post reported
Tuesday that former U.S. ambassador to the U.N. John Bolton said that
Israel is likely to attack Iran in the time between the November
presidential election in the U.S. and the inauguration of the new
president. Mr. Bolton also said that he does not believe the U.S. will
participate in the attack.
However, CBS thinks the Israelis are trying hard to get the Bush Administration to mount an attack on Iran’s nuclear facilities.
What Saudi Arabia giveth, Libya takes away. Libya May Cut Crude Oil Output Because Market Is Oversupplied, Ghanem Says Libya may cut oil production because the market is oversupplied, the nation’s top oil official said.
Sean’s
note — this is another reason why people shouldn’t get so worked up
about drilling in ANWR. Let’s say it holds oil beyond our dreams and
floods the markets. OPEC will just cut production to keep prices high.
Here’s a blog I find interesting: BakenShale.blogspot.com
Not everyone is bullish on commodities in the short term. Marc Faber, publisher of the Gloom, Boom and Doom Report, says that Commodities will fall in the next 6 months After a 7-Year Rally.
Commodities face a “correction” after a seven-year rally, which will
help ease global inflation, investor Marc Faber said. Longer-term, he
thinks the commodity bull market will last 20 years.
Intellichoice says the best car to own in these expensive-gas times, based on total cost of ownership, is the Toyota Corolla. Personally, I think my next car is going to be a Honda Civic.
The Energy Information Administration expects that global energy demand will grow by 50 percent over the next two decades.
Last 5 posts by Sean Brodrick
- The Golden Phoenix - February 25th, 2009
- Blessing in Disguise - February 4th, 2009
- What I'm Reading Today - January 7th, 2009
- Gold and Oil Short-Term Trends - January 7th, 2009
- Is Gold Poised for a Pullback? - January 6th, 2009
 About Sean Brodrick (http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold)
Sean Brodrick joined Weiss Research in 2000 as an analyst, bringing more than 25 years experience as a journalist and financial analyst to the position. He is Weiss Research’s small-caps specialist, especially in natural resources, and is the editor of the company’s Red-Hot Canadian Small-Caps, as well as a regular contributor to its daily e-letter, Money and Markets. Previously, Mr. Brodrick was the investment director of The Sovereign Society, the world’s leading publisher of offshore asset protection strategies and global investment opportunities. Recognized for his expertise on natural resources and Canadian and Australian investment opportunities, Mr. Brodrick has been featured on many financial talk shows, including CNBC Squawk Box, Fox Business, CNN, The Glenn Beck Show, Your World with Neil Cavuto and Bloomberg Market Line. He is a weekly guest on Market Matters Radio, a contributing columnist to MarketWatch.com and a frequent commentator on one of Canada’s premiere financial websites, HoweStreet.com. His report, “70 Days to Empty,” has garnered acclaim for its analysis of the forces pushing America toward its next oil crisis and was described by The Daily Reckoning as “the most important report you’re likely to read this year,” while his knowledge of uranium has helped investors earn solid gains on the commodity. Mr. Brodrick holds a B.A. degree from the University of Maine. |
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