Currently viewing the tag: "Energies"

(Kitco News) – Gold futures are modestly softer in reaction to a stronger U.S. dollar and equities early Friday, holding just above the lows hit this week that were the weakest levels since the start of the year. As of 8:06 a.m. EDT, gold for December delivery was $4.20 lower at $1,222.70 an ounce on the Comex division [...]

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Financials: Dec. Bonds are currently 13 higher at 136’04, 10 Yr. Notes 5 higher at 123’28.5 and 5 Yr. Notes 1 higher at 117’28. Wed. pronouncements by the FOMC left rates unchanged for the foreseeable future, but language in the minutes indicated a projected rise in rates sometime next year raising the forecast for funds [...]

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Talking with farmers across the country and we are both scratching are heads with the cash market versus the futures. The futures for some reason have not found a reason to bounce. In the overnight electronic session the December Corn is currently trading at 337 which is 1 ¼ cents lower. The trading range has [...]

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France launching airstrikes against ISIS and production issues in Libya and Nigeria may buy the cartel some time before having to mandate production cuts. OPEC is feeling the pain of lower prices and Saudi Arabia has already reduced production yet is seems that with demand faltering and the dollar rising prices look to continue lower. [...]

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Why Are Gas Prices Going Down? [Audio-WGN Radio]

On September 18, 2014 - 10:48 PM By

WGN Radio | Chicago Motorists have something to look forward to this fall: the lowest gas prices in four years. That’s according to a prediction from GasBuddy.com, the price-tracking website. Company analysts said the nation’s average gas price should tumble to a range of $3.15 to $3.25 for a gallon of regular. That would make [...]

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By Mark Shenk | Bloomberg West Texas Intermediate and Brent crudes dropped as a stronger dollar curbed the appeal of commodities to investors looking for a store of value. Futures dropped as much as 1.5 percent in New York and 1.6 percent in London. The dollar reached a six-year high against the yen after the [...]

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In the overnight electronic session the December Corn is currently trading at 340 ¼ which is 1 ½ cents lower. The trading range has been 341 ¾ to 340 so far. The market needs some bullish headline to bring in buyers as we head into Autumn next week. On the Ethanol front the October contract [...]

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6 degrees of separation is the theory that everyone and everything is six or fewer steps away, by way of introduction, you can be connected to any other person in the world. It kind of works that way in interest rates as well. What the fed does will impact at least 6 other countries and impact [...]

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Oil mixed after OPEC-fueled bounce

On September 17, 2014 - 8:41 AM By

NEW YORK (MarketWatch) — Oil futures are mixed Wednesday, a day after long-suffering crude posted a sharp rebound on talk of a potential production cut by the Organization of the Petroleum Exporting Countries and expectations the Federal Reserve won’t be more aggressive in signaling future rate hikes. West Texas intermediate crude for October delivery on [...]

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Financials: Dec. Bonds are currently 15 higher 136’15, 10 Yr. Notes 7.5 higher at 124’14.5 and the 5 Yr. Note 2.5 higher at 118’09.5. CPI (Consumer Price Index) this morning came in at a negative 0.2% vs. expectations of unchanged. Yesterday China added 500 billion yuan ($81billion) in stimulus to the banking system in an [...]

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In the overnight electronic session the December Corn is currently trading at 341 ½ which is 2 ¼ cents lower. The trading range has been 344 ¼ to 341 ½ so far. Changing weather patterns and cooler overnight temps are a reminder of winter is coming back. We may have a reality check that the [...]

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There is a new phase to the business cycle. Trough, leak information, then print money and modest revovery… Yesterday commodities and stocks came alive after the Wall Street Journal leaked that the Federal Reserve most likely maintains its “considerable time” language in its policy statement. Oil was already in rally mode as OPEC warned of a [...]

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