World stock markets were mostly weaker overnight, on corrective pullbacks from recent gains that have put many stock indexes at record or multi-year highs. U.S. stock indexes are narrowly mixed in early U.S. electronic trading. Focus so far this week is on corporate earnings reports.
Gold prices are solidly lower in pre-U.S.-session trading. The geopolitical scene has been quieter the past couple weeks and that's allowed world risk appetite to uptick, which is bearish for safe-haven gold.
World stock markets were mostly firmer overnight. Many world stock indexes are at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.
Gold prices are modestly up and poked to a three-week high overnight. The yellow metal bulls have the near-term technical advantage, which means the path of least resistance for prices will be sideways to higher in the near term.
By Dustin Parrett, Associate Editor, Money Morning - • Print | Email
The oil price news gave traders mixed signals this week, but we're still expecting oil prices to rise 14% by the end of the year…
Traders are vexed by contradictory reports from the EIA and OPEC.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - • Print | Email
As the largest U.S. oil company, Exxon Mobil is seen as a stable behemoth in an unstable sector.
That's why investors are wondering if Exxon Mobil stock is worth owning going into 2018.
We think you should avoid XOM stock for one critical reason...
By Dustin Parrett, Associate Editor, Money Morning - • Print | Email
Harold Hamm just called the EIA's 2018 shale oil production prediction a "phantom forecast."
But Hamm is wrong on this one, as the growth in one region of the country is more than enough to meet projections.
(Kitco News) – World stock markets were mostly higher in overnight trading. There were some significant geopolitical events occurring over the weekend, but the world marketplace has so far Monday shrugged them off as mostly nothing new.
Gold prices are solidly higher in pre-U.S.-session trading Monday.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - • Print | Email
Back in July, I released my oil price forecast for the third quarter of this year, predicting where prices would be at the end of September.
And by 2:30 p.m. EDT (the close of crude oil trading) on Friday, Sept. 22, the U.S. oil price was almost exactly in the range I'd predicted.
It settled at $50.66 a barrel, up 1.6% for the week and 6.8% for the month.
Meanwhile, the more international Brent oil price was already higher than the prices I'd predicted more than two months ago.
Brent came in at $56.81, 2.5% better for the week and 9.3% for the month.
But oil prices aren't about to stop here.
The thing is, you won't get an accurate forecast on financial cable news shows – they don't understand, let alone talk about, how the "spread" I'm going to show you works.
On the other hand, once you know how the spread works, you'll be able to tell for yourself where oil's going to go; no need to suffer any more cable talking heads.
World stock markets were mostly firmer in quieter trading overnight. A lack of major news developments in the marketplace late this week is keeping equities subdued. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.
Gold prices are firmer today on short covering in the futures market and bargain hunting in the cash market, following this week's selling pressure.
World stock markets were mostly firmer overnight, on hopes that a U.S. corporate tax-reform plan will boost economic growth not only in the U.S. but around the globe. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.
Gold prices are slightly lower and hit a six-week low overnight. Better risk appetite in the marketplace this week, as well as a rallying U.S. dollar index, are bearish for the safe-haven metal.
World stock markets were mostly firmer overnight. U.S. stock indexes are also pointed toward modestly higher openings when the New York day session begins. Federal Reserve Chair Janet Yellen delivered a speech Tuesday that sounded an arguably hawkish tone on U.S. monetary policy, and an upbeat tone on the U.S. economy. The world equity markets took this as a positive sign that a strengthening U.S. economy and rising inflation will help the other major industrialized countries' economic growth prospects, as well as reignite some wanted inflation.
Gold prices are lower in pre-U.S.-day-session trading Wednesday. The surging U.S. dollar this week is a bearish element for the precious metals markets, as well as other raw commodity markets.
