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Tag Archives: OPEC

How To Invest In The New World Order

Submitted by Eugen von Bohm-Bawerk via Bawerk.net, In our latest Toward a New World Order, Part III we ended by promising to look closer at investment implications from the political and economic shift we currently find ourselves in; and that story must begin with the dollar. While known to the investing public for years, the Bank of International Settlements (BIS) recently acknowledge that the real risk-off / risk-on metric in global markets is the dollar and nothing else. In the chart...

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Goldman Sachs’ 2016 Review (Crossword-Style)

2016 was chock-full of surprises, both in markets and in politics. As Goldman's Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an anemic US GDP report for Q1. But oh, how the world has...

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Putin Mocks Democrats As “Shameless Losers”, Says Russia Alone Believed In Trump’s Victory

Covering numerous topics, from foreign politics to the Russian budget, the price of oil, sports doping allegations as well as the US election during his annual end-of-year news conference, Russian president Vladimir Putin slammed the US Democratic party saying "the party that is called the Democrats has clearly forgotten the original meaning of that name" and added that "the use of administrative resources (by the Democrats) is absolutely shameless." He continued the rout saying "outstanding...

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Here Are The “Costanza Trades” Of 2017

In what, for the past seven years, has been an upside-down investing world where the opposite of what financial and economic theory - and certainly consensus - suggests should happens with centrally-planned regularity, what better trading recommendation list than one focusing on the "Costanza Trades" for the year ahead. Conveniently, that's what RBC's Mark Orsley has put together, so for those who know what the right trade is, and need just that little bit of confidence push to do the...

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Retail Stocks Crash into the Hard, Cold Rocks; The Dow Trades Down a Smidge

Look at these god damned retail stocks. They're crashing I tell ya, crashing! But no one really cares anymore. Investors know the risks associated with hiking rates into a weak economy, but are consciously choosing to ignore said risks in order to partake in the grand experiment of a centrally planned global economy. We need slave labor, lots of it, and plenty of open borders. In spite of the most important part of the U.S. economy getting nailed today, after November's consumer spending...

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WTI Sinks On Libya Production Fears (Again)

The overnight rally in crude following API's unexpectedly large crude inventory drawdown has been erased as more headlines from Libya send WTI lower. Bloomberg reports that output will be 900k b/d beginning next yr, NOC Chairman Mustafa Sanalla says in Cairo, and is expected to reach 1.2mm barrels per day by the end of 2017. And the reaction is fear... As Bloomberg Briefs details, Libya reopened two of its biggest oil fields and is set to load its first crude cargo in two years from...

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A Bearish David Rosenberg Re-Emerges: “Fade This Rally” As “Trump Will Engineer A Return To Deflation”

While the majority of sellside analysts predict that the impact of Trump's fiscal stimulus policies will be largely beneficial for US inflation and economic growth, if only in the short-term, with a knock on reverse effect following shortly after... ... one prominent strategist disagrees. According to a recent report from Gluskin Sheff's David Rosenberg, in which he lays out is "out-of-the-box" call for 2017, "Trump will accidentally engineer a return to the disinflation trade" in the...

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WTI Crude Tumbles To $49 Handle, Erases OPEC/NOPEC Deal Gains

But, but, but... growth, and inflation, and supply cuts, and growth again... Well that de-escalated quickly...   As Libya restarts exports and The Fed sends the dollar soaring so WTI crude prices just broke back to a $49 handle for the first time since Dec 8th. “The OPEC cuts are going to prevent some of the mega-glut,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland. “But Libya coming back is not going to help the supply imbalances. It’s going to take...

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Gartman Stopped Out Of Oil Long In Less Than Two Days As Crude Plunges

Two days ago we reported that, after predicting back in September that "oil is not going above $55 for years", Dennis Gartman told clients to buy oil just as WTI was trading at.... $55. To wit: NEW RECOMMENDATION: We know that this shall catch many off-guard given our marked propensity to have erred always bearishly of crude, but with the term structure shifting as bullishly as it has and with the markets for WTI and Brent having “gapped’ higher yesterday, and with those “gaps” still...

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Oil Jumps On Surprise Crude Draw Despite Surge In Production

After API's surprising large gasoline, crude build overnight, prices have been under pressure (not helped by OPEC comments).However, DOE just reported a much bigger than expected draw in crude (complete opposite of API). Cushing saw a bigger than expected build and crude production surged. This is the 3rd biggest weekly surge in production since the peak in May 2015. Gasoline demand continues to slide.  API Crude +4.68mm (-1.5mm exp) Cushing +632k (+3.2mm exp) Gasoline +3.905mm -...

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