What’s Up with Gold?
Technical analysis commentary by Adam Hewison of Ino.com about the current condition of gold.
What’s Up with Gold? Read More »
Commodity Trends
Gulf Spill: Obama’s Waterloo?
The White House might be gaping in shock that the U.S. federal court overturned the six-month drilling moratorium, but it really isn’t all that surprising. Amid the finger pointing and political posturing, the Obama administration seems to have missed a vital detail – the U.S. oil industry is in a spot of bother.
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The Hungry Dragon: China’s New Oil Market
If you ever happen to eavesdrop on a conversation between energy investors, two words are sure to crop up – China and oil. Usually, they’re used together and usually, it’s about China’s increasing presence on the global oil scene.
It’s a pretty safe bet that, as one of the world’s fastest growing economies, China needs a lot of energy. And with an oil appetite that grows by 7.5% each year, seven times faster than the U.S., the country’s reserves don’t even begin to compare to the consumption.
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Central Banks Push Up the Gold Price
For some years now, Doug Casey has gone on record with his view that we’ll know the gold bull market is really picking up steam when central banks stop selling their reserves of gold and begin buying the stuff. The following excerpt from a Wall Street Journal article titled “As Gold Hits Record, Central Banks in Focus” indicates that this is now happening…
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World’s Biggest Gold Coin Sold
(Reuters Life!) – A Spanish precious metals trading company bought the world’s largest gold coin for 3.27 million euros ($4.02 million), its exact material worth, from the estate of an insolvent investment firm at a rare auction in Vienna on Friday. The 100 kg (220.5 lb) piece, one of only five Canadian $1,000,000 Maple Leaf
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Global Gold Index
The world’s money has lost almost 75% of its value against gold in the last 10 years… We’ve SAID IT BEFORE, but we’ll say it again. The bull market in gold starting 10 years ago is about much more than the Dollar – a fact that investors and savers worldwide might want to consider in 2010 if the US currency continues to rally.
At $1000 is Gold Expensive?
With Gold over $1000 and at all time nominal high prices many are wondering if Gold is overpriced. If we look at the inflation adjusted price of Gold we see that even at $1000 it is still only about half-way to its all time highs. For more information see Inflation Adjusted Gold Price . But
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Will Obama Destroy U.S. Energy Independence?
The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask?
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Cheap Oil is Gone, and That’s Good News
Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry. With increased global demand and declining supply, easy oil is not so easy anymore.
Everything is about to get more expensive. From gasoline to anti-freeze, life jackets to golf balls, and eye glasses to fertilizer. There are very few things in the modern world that aren’t made from oil, made by machines dependant on oil, or shipped by vehicles powered by oil.
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Canadian Gold Juniors Soar – Should You Buy Now?
For years, gold bugs like Doug Casey and his team have been saying that once gold takes off to stratospheric heights, it will take the gold mining stocks with it. It’s called the “Mania phase” of the commodity bull market.
Has this time arrived now?
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