Tag: oil trading

Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

| May 9, 2019 | 0 Comments
Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

China announced yesterday that they increased their central gold reserves by 480,000 oz (approx 14.9 tonnes) in April, noting that this is the fifth straight month of increases.  The announcement also noted this brings Chinese reserves to 61.1 million ounces with a value of $78.35 billion USD, as of the end of April. This is an old story to regular readers […]

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Crude Oil: Tug Of War…

| April 23, 2014 | 0 Comments
Crude Oil: Tug Of War…

Crude bears came out of hibernation yesterday.  After brushing against 6-month highs at $105 a barrel last Friday, West Texas Intermediate (WTI) crude oil spiraled lower by nearly $2 a barrel on Tuesday.  What has this commodity careening lower? Investors are concerned US inventories are on the verge of swelling beyond seasonal norms.  In fact, […]

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Hostage Situation…

| September 24, 2013 | 0 Comments
Hostage Situation…

I’m furious right now. In my decade long trading career, I’ve never seen two people make such a mockery of the markets. Let me explain… As you may be aware, Federal Reserve Chairman Ben Bernanke announced he was postponing the highly anticipated wind down of QE3 last Wednesday.  He went on the record saying the […]

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