Is the Rudd removal a brilliant political ploy on the part of the Labour Party? Pushing back the September/October federal election they likely would've lost to April 2011 provides them ample time for damage control. But what about the significant, unintended consequence of the RSPT? In this Gold Report exclusive.....
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(Bloomberg) Legislation to overhaul financial regulation will help curb risk-taking and boost capital buffers. What it won’t do is fundamentally reshape Wall Street’s biggest banks or prevent another crisis, analysts said.  A deal reached by members of a House and Senate conference early this morning diluted provisions from the tougher Senate bill, limiting rather...
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Sometimes it is better to be lucky than good. Whether it is a technical bounce or on the weather energies were well bid today. As of this post Crude is up 2.50% and has broken out of the descending triangle that has existed since the beginning of May. As long as August remains above...
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Today’s buyout of Ryland Oil (RYL-TSX) by Crescent Point Energy (CPG-TSX) is a good example of how large “resource plays” can get valued by investors.  CPG paid $121.8 million, or roughly $0.45/share for Ryland. But back in 2006, when the mania of the emerging Bakken oil play in North Dakota and...
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A new sheriff in town 6/24/10 Australia elected its first female prime minister. Let’s see if a woman can get things back in order. Perhaps other global leaders could learn a thing or two. Looking at the daily chart in August Crude we may get a bounce from here as the trend line that has been in...
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It’s been a crazy week for gold, oil and the SP500 again…. Since the market top in April we have seen large moves almost EVERY day in the market. I would say this is one of the toughest times for traders as you must be very quick to enter and exit...
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London Metal Exchange (LME) nickel inventory levels are down 20% from their peak in February and the latest International Stainless Steel Forum (ISSF) production data suggests that the nickel market will remain in deficit for 2010 and 2011.
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Third consecutive down day in Crude as the August contract today traded below the 9 day MA for the first time in two weeks; that level is $75.80.  There should be some more work on the downside but we would expect buyers to emerge between $73-74. August natural gas is finding support at the...
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Though we expect no change in rates tomorrow volumes have dried up in recent sessions; perhaps after 2:15 tomorrow investors/traders will be back at work. Crude oil should settle lower again today; on a breach of the 9 day MA at $77.50 expect a challenge of the 20 day MA at $75.50. If our...
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Few investors realize that one sector of the heavy oil market is the most profitable oil in all of North America – it’s called cold flow heavy oil.  Think of it as light heavy oil, thick and gooey enough that it needs a pump to get out of the ground, but...
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