Gold Falls for Second Day on U.S., Europe Equity Gains

Posted by Forexsq 3 days ago (
img Gold futures fell for the second straight day as gains in equities reduced demand for the precious metal as a haven. Palladium climbed after yesterday approaching a bear market.

The Standard & Poor’s 500 Index rose as much as 1.7 percent, while European shares snapped the longest slump since 2003. U.S. housing starts gained in September after slumping a month earlier, government data showed to

Oil Collapse Gives Buyers Chance at Top Targets: Real M&A

Posted by Forexsq 3 days ago (
img The rapid drop in oil prices cut more than $20 billion from the price of some of the industry’s best assets. That may be enough to attract buyers.

Weakening global demand and a supply glut in the U.S. are dragging Brent crude oil to the cheapest level since 2010. That’s pushed down the high valuations that had stymied major deal making and left last year’s volume at the lowest level since the

Oil Workers Earning $179,000 Expose Norway to Crude Crash

Posted by Forexsq 11 hours ago (
img Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices.

Though the blessings of energy wealth have hardly turned to a curse, the industry’s labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment in new projects as oil tumbles.

The country has already been copi

Putin Loses His Best Friend: Expensive Oil

Posted by Forexsq 4 days ago (
img The decline in oil prices may be depriving Russian President Vladimir Putin of his biggest ally.

Oil has been the key to Putin’s grip on power since he took over from Boris Yeltsin in 2000, fueling a booming economy that grew 7 percent on average from 2000 to 2008.

Now, with economic growth slipping close to zero, Russia is reeling from sanctions by the U.S. and the European Union over its

Oil near 2-year low as IEA cuts demand forecast

Posted by Forexsq 6 days ago (
img The collapse in crude-oil prices continued Tuesday, with the U.S. benchmark hitting its lowest level since November 2012 after the International Energy Agency made a further cut to its forecast for demand growth.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -1.66% traded at $84.63 a barrel, down $1.11 or 1.3%. November Brent crude LCOX4, -2.74%

Oil Bear Market Tests OPEC Unity | Top Forex Brokers

Posted by Forexsq 7 days ago (
img Oil ministers from Kuwait and Algeria dismissed possible production cuts as crude’s slump to a four-year low prompted Venezuela to call for an emergency meeting of the Organization of Petroleum... moreShare it now!

Split between OPEC producers deepens as oil prices fall

Posted by Forexsq 7 days ago (
img A rift between OPEC members deepened over the weekend, as producers in the cartel moved in different directions amid falling oil prices.

Venezuela, which has been one of the most outspoken proponents of a production cut by the Organization of the Petroleum Exporting Countries, called over the weekend for an emergency meeting of the group to respond to falling prices. But Kuwait said Sunday tha

Keystone Be Darned: Canada Finds Oil Route Around Obama

Posted by Forexsq 12 days ago (
img So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone XL. Just a few years back, America desperately wanted that oil.

Then one day the politics get sticky. In Nebraska, farmers do

This may well be the Goldilocks jobs report

Posted by Forexsq 17 days ago (
img One part, solid jobs growth, with a drop in unemployment.

But, a dash of pay stagnation. And some seasoning of declining participation.

That was Friday’s jobs report, and this stew may well have been ordered by the market wizards themselves.

The strong jobs growth means that economic growth, in the U.S. at least, can continue.

At the same time, that lack of pay growth will keep the Fe

Gold Falls to Lowest Since January, Set for Monthly Drop

Posted by Forexsq 20 days ago (
img Gold fell to the lowest level since January, set for the biggest monthly decline in 15, on the outlook for higher U.S. interest rates that strengthened the dollar. Silver dropped to the lowest in four years.

Gold retreated 6.3 percent in September, the most since June 2013. It’s within 0.4 percent of erasing this year’s gains, which were fueled partly by tensions in Ukraine and the Middle East

Oil Set for Biggest Quarterly Drop Since 2012 on Adequate Supply

Posted by Forexsq 20 days ago (
img Brent and West Texas Intermediate headed for the biggest quarterly decline in more than two years as abundant crude supplies offset the risk of disruption from conflict in the Middle East.

Futures were up 0.1 percent in London, trimming a drop of 13 percent since the beginning of July. The U.S. and its European and Arab allies have conducted thousands of air missions since starting a bombing c

Islamic State Oil Refineries in Syria Hit in Airstrikes

Posted by Forexsq 25 days ago (
img Kurdish fighters battled to halt an advance by Islamic State in northern Syria, while in the east of the country the oil refineries that are a key money-spinner for the militant group were targeted by U.S.-led airstrikes.

Aircraft and drones operated by the U.S., Saudi Arabia and the United Arab Emirates attacked 12 “modular” refineries Islamic State uses in its oil-smuggling operations, U.S.

Gold may rebound as extreme bearishness sets in

Posted by Forexsq 26 days ago (
img It was two weeks ago when I reported that sentiment analysis, at long last, was on the side of the bulls — at least for a tradeable rally. Yet, far from rallying, bullion today is $18 per ounce lower — a nine-month low — than it was then.

Does this mean contrarian analysis was wrong? Have contrarians reconsidered their bullish turn?

No is the answer, on both counts.

Consider the average

Gold $10,000, and why ‘golden’ is worse than ‘death’ when it comes to crosses

Posted by Forexsq 26 days ago (
img With much of the big market-moving news taking a pause, investors and the financial media have gotten fixated on what’s going on within the imploding small-cap universe.

If the fear-mongering in this whole Russell 2000 RUT, -0.94% “death cross” hype is giving you the night terrors, just wait until the “golden cross” stumbles into town. The flowery descriptors couldn’t be more misleading, unles

Gold crashes and is now tarnished for good

Posted by Forexsq 27 days ago (
img Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March.

But since spring, and particularly since July, gold prices GCZ4, +0.46% have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013.

So should investors consider this sell-off as an opportunity to buy precious metals on the

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