President Trump is not unused to controversy — some say he even courts it. So, a recent proposal following an executive order signed last April to widen energy exploration should come as no surprise. The draft Five-year Outer Continental Shelf Oil and Gas Leasing Program has been enthusiastically welcomed by the oil and gas industry […]
Stuart Burns
Does Gold’s Rise Have Anything to do with Bitcoin?
Gold has defied interest rate rises and record equity markets to rally to its highest level in more than three months, the Financial Times reported this week. Rising more than 6% since early December to over $1,300/ounce — its highest level, the paper reports, since September 2015. Gold is normally considered a safe-haven asset and a […]
The Markets Have Bought in to the OPEC-led Output Cuts
After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35% since July, Brent crude hit over $67/barrel as hedge funds heap long positions despite the market, by most accounts, still being in surplus. OPEC’s alliance with […]
What Will 2018 Hold? Possibly a Trade War, Political Turmoil and Much More
Everyone loves a forecast, a prediction, even a few ideas on what the future holds, and we become particularly obsessed with such ideas at the start of a new year. So, we thought it would be fun to review a few sources’ suggestions on what 2018 may hold, some as specific predictions like those in […]
Chinese Capacity Cuts Help Push Copper to Highest Point in Nearly Four Years
Copper is on a tear. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Copper rose to its highest point in nearly four years last week following further curbs on domestic production in China, closing at new year-to-date high for 2017. LME and Comex copper continued its longest bull […]
