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Crude Surges After DOE Reports Biggest Inventory Draw In 4 Months

Crude Surges After DOE Reports Biggest Inventory Draw In 4 Months

Following last night’s unexpected inventory draw reported by API, DOE reported an even bigger draw of 3.568 million barrel (against expectations of a 1.3mm barrel build). The biggest draw in almost 4 months sent crude surging back to $39. Cushing continues to fill up, with a 423k build – the 5th week in a row. Production dropped the […]
France, Schengen And The Future Of Europe

France, Schengen And The Future Of Europe

The second round of French regional elections will be held this weekend. The first round last weekend saw the National Front do best in terms of popular votes and led in six of the twelve regions. The National Front is not simply anti-austerity, but it is anti-EMU.  In regions that NF garnered more than 40% of the vote, the Socialists have withdrawn […]
The “Golden Age Of Gas” Flames Out

The “Golden Age Of Gas” Flames Out

It seemed like only yesterday – it was 2011, in fact – that the International Energy Agency (IEA) published a report on the bright future of natural gas. Titled Are We Entering a Golden Age of Gas?, the report said how great everything looked for gas and liquefied natural gas (LNG) thanks to soaring Asian demand for […]
Data Be Damned, Rate Hike Ahead?

Data Be Damned, Rate Hike Ahead?

With the “positive” jobs report that came out last Friday, most analysts now think the Federal Reserve will raise interest rates this month. Peter Schiff argues that the jobs report wasn’t really that positive considering the labor participation rate and the number of part-time workers. But he concedes that the rate hike may happen anyway, […]
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                        Treasury Snapshot As We Approach A Rate Hike Decision

EC Treasury Snapshot As We Approach A Rate Hike Decision

Next week we’d learn whether the Fed indeed gives us a December rate hike. Let’s take a close look at US Treasuries a week in advance of that decision. The yield on the 10-year note ended the day on yesterday at 2.24%, which is at the higher end of the year-to-date range of 1.68% to […]
Greek Stocks Crash To 30-Month Lows As Trading Restrictions Lifted

Greek Stocks Crash To 30-Month Lows As Trading Restrictions Lifted

Since last June, “local investors” have been restricted to only being allowed to buy shares and disallowed from withdrawing cash from accounts. Those restrictions did not stop the stock market from collapsing further and today authorities have decided to lift those capital controls… the result – ASE has plunged below mid-Summer lows to its lowest since June 2009… […]
5 Excellent Income Stocks To Buy Now

5 Excellent Income Stocks To Buy Now

Is now the time for dividend investing? While the dividend investing style is almost always overlooked, it still has a place in many portfolios even though many consider it a ‘boring’ way to growth wealth in a portfolio. Sure investors often prefer growth securities that are increasing earnings or revenues, or securities with value metrics […]
Will We Hold It Wednesday – Dow 17,500 Edition

Will We Hold It Wednesday – Dow 17,500 Edition

We’re stuck in the middle of the range now: As you can see from Dave Fry’s Dow chart, we’ve been gyrating between 17,200 and 18,250 on the Dow for the entire year. From a mid-point of 17,750(ish), that’s just a 2.5% up or down move before getting pulled back towards the middle – other than the […]
Rate Hike: How Will The Markets Respond Next Week?

Rate Hike: How Will The Markets Respond Next Week?

First of all, I think we’re all a little sick of hearing whether the Fed will raise rates this month – or whether they should’ve done it sooner. We’re talking about 0.25% if they do it! After seven years of zero interest rate policies, economists should be much more worried about the damage done from […]