Ugly Thursday
Source: http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold/0/0/ugly-thursdayPosted on Thursday, November 6th, 2008 | In Energy Markets, Gold Markets
The
morning rally in gold has faded. The market is going downhill in a
hurry. Whatever bounce associated with the election seems to be fading.
Barack Obama’s Yuan Calls May Place U.S. on Collision Course With China
Barack Obama’s calls for changes in China’s yuan policy may put the
president-elect on a collision course with the U.S.’s second-largest
trade partner, which is holding the currency stable to support its
export-led economy.
Euro Falls Against Dollar After ECB Cuts Rate to Lowest Level in Two Years
The euro fell against the dollar, the yen and the pound after European
Central Bank President Jean- Claude Trichet said the economy “weakened
significantly” and the International Monetary Fund cut growth
forecasts for the region.
Oil Falls, Tracking Equity Prices, on Concern Slowdown Is Cutting Demand Crude oil fell to an 18-month low, following equities, on signs that fuel demand will contract as the global economy slows.
Market paralysis ignores uranium’s compelling projections
The Melbourne-based financial services group BGF Capital Group says
that the frozen minds of investors and developers may well see a
critical shortage of uranium in two to four years time.
Global Oil Demand May Contract In 2009, 1st Time In 26 Years A starker economic outlook has some high-profile energy
analysts predicting the world will consume less oil next year than this
year, notching the first annual contraction since the early 1980s as
emerging markets, led by China, cool off.
CIBC World Markets, in a recent report,
is now saying that the current recession is caused by high oil prices.
Here’s a chart from the report, which shows that four of the past five
recessions have followed oil price spikes …
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
Barack Obama, BGF Capital Group;, China, CIBC, Energy Markets, European Central Bank;, Financial Services, Gold Markets, high oil prices, high-profile energy analysts;, International Monetary Fund, Jean Claude Trichet, less oil, Melbourne, Oil, oil price spikes, paralysis, United States, Yuan Calls;
 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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