Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday.
“You could very easily see oil hitting $100 a barrel — potentially even higher,” he told CNBC’s Hadley Gamble.
On the flip side, it’s “equally possible” that prices could collapse too.
“If there isn’t any... read more
Legendary global investor John Templeton once said that the best time to buy was when there was “maximum pessimism,” and the best time to sell was when there was “maximum optimism.”
This type of contrarian investing takes great conviction and nerves of steel, but its practitioners—Templeton included—can be rewarded handsomely. The trick is to find the opportunities.
Right now... read more
Tiggre told David Lin, anchor for Kitco News, that he never wants to be a "mindless cheerleader" in the precious metals space, but with that said, fundamentals are in place to push gold to $3,000 and silver to $150 an ounce in the future, although this climb won't happen overnight.
"This negative sentiment, this bearishness that' pervaded our space, is a fantastic opportunity and I've been p... read more
It’s not even close.
Texas stands head and shoulders above all other states in the race to attract corporate headquarters exiting California, with Dallas-Fort Worth and Austin topping the list of destinations within the Lone Star State.
That’s according to a recent analysis shared with the Dallas Business Journal.
California lost 53 headquarters to other states between Jan. 1 and J... read more
WASHINGTON, June 22 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.
"We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for eviden... read more
Gold prices rebounded more than 1% on Monday after their biggest weekly fall in percentage terms since March 2020, with demand bolstered by a drop in U.S. Treasury yields and a pause in the dollar’s rally.
Spot gold rose 1.1% to $1,781.86 an ounce by 0825 GMT while U.S. gold futures edged up 0.8% to $1,782.90.
“The reversal in some of the strong gains we saw in bond yields last week h... read more
What should the Fed do, or more to the point what can they do? They have turned on the taps since 2008, and turned them up even further in the last year whilst reducing interest rates. In my view they have had no other choice but to do this. A country and economy the size and powerhouse of the US cannot ignore the damage that this pandemic has caused to small businesses and the unemployed. The... read more
An employee sorts gold bars in the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna
By Arundhati Sarkar
(Reuters) - Gold prices were subdued and confined to a narrow range on Wednesday as investors awaited for any signs of early tapering from the U.S. Federal Reserve meeting.
Spot gold was down about 0.3% at $1,853.80 per ounce at 1132 GMT. It fell to its lowest since Ma... read more
For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior:
1. The Fed has perfected moral hazard: everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always... read more
Market volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned, describing “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.”
Market speculation over when central banks, and particularly the U.S. Federal Reserve, could begin to taper asset purchases, has been rife for month... read more
