Tag Archives: AMEX:BNO
Sinopec Profits Drop on Fuel Subsidy
Fuel prices in China are set by a 22 day moving average of the various prices for a barrel of oil that exist out there. The guts of the calculation… Read more
Obama’s Quest For Re-Election Points to SPR Release
With Brent Crude (AMEX:BNO) having risen back to $114 per barrel and West Texas Intermediate Crude (AMEX:USO) back over $96 per barrel, the Obama administration is looking to put fear… Read more
Gold Rises with Equities, Bonds Continue Swoon
Why gold (AMEX:GLD) is trading as a risk asset with equities and not a risk-averse asset is odd to me, but that is the situation. Gold is rising with bond… Read more
U.S. Treasury Rout Continues, Commodity Prices Accelerate
The rout in U.S. Treasuries is becoming biblical. 30 Year Bond futures dropped 1.5 points, crashing through horizontal support at 147 and 146.5 to close Wednesday afternoon’s trading at 146.01. … Read more
Japan’s Growth Slows, Cue Keynesian Stimulus
It’s a real shame that after 25 years the leadership in Japan will not give us their dreams of infinite mercantilism. The latest print for Japanese GDP was just 0.3%… Read more
Brent Surges past $110, Equities Continue to Rally
Since it was revealed that the Fed began normal repo operations last week after 4 years of reverse repos the equity and commodity markets have been pushing higher, albeit in… Read more
Gold and Oil Pop on Reality Reasserting Itself
Now that the nonsensical notion that the western central banks were not going to print,baby, print to oblivion has been summarily dispensed with, gold and oil can get back to… Read more
U.S. Backs off Sanctioning China and Singapore
In a monumental miscalculation the U.S. State Dept. underestimated the resolve of China to defy their mandate to isolate Iran from the world trade markets. The whole thing looks like… Read more
Commodities Wobble While World Waits on Greece….. Again
While we all wait on the outcome of either Frau Merkel acceding to reality or the Greeks flipping the entire world the bird on the 17th, i thought it worthwhile… Read more
Oil Rout Continues on U.S. Slow Down
The decline in commodities this summer is eerily similar to the one that happened in the summer of 2008. The difference this time is that Gold (AMEX:GLD) is most likely… Read more
