Even gold bugs have to admit that the yellow metal has seen better days. After hitting record lows on April 15th, many analysts have speculated that gold may no longer be a viable investment option, at least not in the way it has been in the past five years. With investor faith and gold prices reaching fresh lows, some see these new market conditions as an opportunity. Well-known for his high opinion of gold and commodity centered investment strategies, Peter Schiff thinks these low prices could provide a huge payoff for savvy investors who are willing to continue gambling with gold prices [for more gold news and analysis subscribe to our free newsletter]. See the full story here
Earnings Preview: Crude Oil And Transocean (RIG) Rally Ahead Of Quarterly Results
The bulls are still in the drivers seat on Wall Street as stimulus hopes on both sides of the Atlantic Ocean are keeping confidence levels elevated despite lackluster fundamental data. The latest monthly employment report at home managed to beat expectations, and the data revealed that the labor market recovery is still sluggish at best; nonetheless, stocks are still charging higher as investors have embraced the latest round of interest rate cuts from the European Central Bank and the Reserve Bank of Australia [for more news and analysis subscribe to our free newsletter].
Buy Crude Before The Summer Rally
One of the most attractive features of the commodity space is its cyclical returns. While it may make it difficult for long term investors, traders who know the patterns of certain hard assets can often turn a nice profit simply based on the natural price movements of different commodities. Crude oil is no exception to such patterns, as savvy investors have been profiting from the fossil fuel’s trends for years. Though crude has been exhibiting weakness with questions about its long-term future, its short-term seasonal trend may be a ripe opportunity for traders everywhere [for more crude oil news and analysis subscribe to our free newsletter]. See the full story here
Earnings Preview: Big Week For Independent Oil And Gas (EOG, APC, MRO, APA)
This week saw a flurry of economic and earnings reports, with several well-known commodity firms posting both hits and misses. Newmont Mining Corp (NEM) revenue and earnings came in below expectations, while Suncor Energy (SU) beat forecasts. Independent oil and gas firm Devon Energy Corp. (DVN) beat EPS estimates by $0.10, though the company reported a loss in the first quarter of $1.3 billion [for more commodity news and analysis subscribe to our free newsletter]. See the full story here
Can GLD’s Rebound Weather FOMC Minutes?
The bulls are at it again this week as stimulus hopes have taken center stage at home and in the eurozone. Investors on Wall Street continue to digest corporate earnings results, which for the most part are coming in better-than-expected; however, looming FOMC minutes and Friday’s monthly employment report will surely steal the spotlight this week. Overseas, investors are anticipating for the European Central Bank to cut rates down to 0.5% from 0.75%, potentially paving the way higher for gold prices as inflation fears return [for more market news and analysis subscribe to our free newsletter].


