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The Energy Report-Now It’s Up to Iran

The Saudis are making huge concessions to achieve a freeze on global oil output and the world waits for Iran’s decision. The Saudis have offered to cut their own oil production and offered to allow Iran, Libya and Nigeria to increase their oil production to “sensible” levels.  While it is likely that Libya and Nigeria would agree to be allowed to increase their production to recent highs it is unclear whether Iran will go along.

You see it is usually Saudi Arabia that dictates oil policy by b...

Sep 28, 2016
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How To Survive And Prosper From National Debt Crisis

A genius can't be forced; nor can you make an ape an alderman.
Thomas Somerville

From the Tulip bubble to the financial meltdown of 2008, the theme has been the same. The masses never learn, they always cry foul on the way down but gurgle with joy on the way up. In other words, when they are making money, they are okay with the risk, but when they start to lose, they scream bloody murder.

Nature created the masses to serve as cannon fodder, and no matter what is done, nothing will change this....

Sep 28, 2016
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Gold Quarterly Blues

Gold’s inability to trade at higher levels following last week’s Fed meeting should be a short term cause for concern for the bulls. The concern comes on a few fronts. First non commercial and non reportable coming into this week held a net long of 308K contracts while the net long for Silver came in over 100K contracts. These are still sizable long positions in the market particularly in Gold and from a technical perspective, the inability to take out a trend line on the monthly chart could...

Sep 28, 2016
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Crude Oil, Gold, US Dollar All Poised to Move

Each of these markets, crude oil, gold, and the US Dollar index, are all rotating between support and resistance levels in well-defined ranges.  When they move, look for all three to make a move together.  And here’s how you will know that the move is underway.

Click here to watch a video explaining how to read markets using volume at price.

Crude oil has been oscillating back and forth between the zone of support at 41.10 – 43.39 and the zone of resistance at 47.75 – 49.47.  A break beyond e...

Sep 28, 2016
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Does Crude Oil Drop Mean Continued Downside?

SHORT-TERM

For Tuesday, 45.45 can contain session weakness, above which 47.13 remains a 1-2 day target. Upside today, 46.34 should contain initial strength, while pushing above 46.34 allows 47.13 intraday, able to contain weekly buying pressures and the level to settle above for maintaining a bullish dynamic into later October. Downside Tuesday, breaking/opening below 45.45 signals 44.83, while closing today below 45.45 indicates 44.27 tomorrow, also able to contain session weakness and the...

Sep 27, 2016
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