For The Professional Investor
Monday morning market opening saw U.S. light sweet crude rise 25 cents, or 0.26 percent, to $96.13 per barrel. Other commodities also went up on indication that the world’s second largest economy China is becoming more dynamic, coupled with sanguinity that the nastiest eurozone debt crisis is over and that Japan’s efforts to revive its stagnant economy are paying dividends…
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Gold traded $1,660 an ounce on Friday, a 13 percent decline from its record high of $1920 set in 2011, when Europe’s debt crisis had its peak. After a substantial decline, some analysts are – quite audaciously – suggesting that gold could very well hit $13k in the next 10 years…
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Venezuela, one of the biggest global oil producers, is facing growing uncertainty as President Hugo Chavez is battling serious post-cancer surgery complications in Cuba a few days before he is slated to be sworn in for an unprecedented third term in office…
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The almighty asset of assets, gold, has once again shown power of self-fulfilling prophecies. As investors shy away from the stock market, gold has shown its power as the safe haven for timid investors…
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Most major banks predict that gold will go up in 2013. The Swiss bank UBS says gold will average $1900 per ounce followed by a more bullish prediction by the boys at Morgan Stanley who suggest that gold will average $2000 in 2013 and $2400 in 2014…
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The conventional wisdom tells us that the price of oil is determined by the events in the Middle East. Several of the largest oil producing states are in the Middle East, therefore any turmoil in the region impacts the price of oil. However, recent developments in alternative energy sources around the world and America’s rising status as a major oil producer might very well bring a halt to rising oil prices…
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