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Commodities

crude
Commodities

“Whoa!” Oil Jumps After Inventory Draw

Ok, so who even knows what these numbers mean anymore and frankly, they’re actually meaning”less” because when it comes to oil this is all about Russia, the Saudis, and Iran. Be that as it may, the market loves (and we mean loves) to focus on the “factlets” (to quote Bloomberg’s Richard Breslow), and so we have… Keep Reading

Gold3
Commodities

Could Gold Touch $1,700?

Gold may have had a rough couple of months… But it’s had one helluva year… And Deutsche Bank thinks it could soar all the way $1,700. Can you guess why? Simple: central bank largesse begets demand for inflation hedges as the market questions the long-term viability of the fiat regime… (Chart: Deutsche Bank) And with… Keep Reading

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