Archive for the 'Commodities' Category
Income expert focuses on ‘partnership’ profits in energy
“We don’t have to leave the US to find plenty of bargain buys in partnerships and pass-throughs,” says Neil George in his new specialty service designed for income investors, The Partnership Letter.
In his search for “solid, heavy-cash-generating assets,” the advisor takes a look at two of his ne…
Oil closes at $100.88, a new record high
Oil closed up $1.65 to $100.88 Tuesday — a new record-high print shut — as traders piled into the world’s most vital commodity on the belief it will serve as an inflation hedge whether U.S. inflation accelerates that year.
Oil had hit an intra-session high of $101.11 earlier in the day befo…
Can commodities serve as a reserve currency?
The financial sector, like the politic arena, can sometimes yield more heat than light, particularly during doldrums or other challenging profitable periods. In economist Glen Langan’s view, there’s no better example of that than the current notion in financial circles that with a period of high…
Economist: March OPEC supply cut would be ‘disruptive, scandalous’
With oil treading-water well above the $90 mark, a production cut by the world’s largest cartel, OPEC, at its March 5 assembly would be “disruptive and scandalous,” according to one economist.
Economist Steve Affinito told BloggingStocks Monday the fact that oil surged more than $10 from a pullba…
Carbon fiber fuels Hexcel (HXL)
“Despite the recent profitable slowdown, Hexcel (NYSE: HXL) is seeing its market for carbon-fiber-based aerospace products and parts boom,” says energy sector expert Elliott Gue.
The contributing editor to Personal Finance explains, “And in addition to growing aerospace demand, the firm has growi…
Could there be riots in China during the Olympics?
With the Chinese yuan continuing to rise as the government tries to slow surging inflation, the question is whether Chinese citizens will take out their frustration at the government during the coming summer Olympics.
The currency rose to the highest since a link to the U.S. dollar ended in July …
China strengthens yuan slightly, hints at currency policy revision
China’s central bank let the yuan appreciate slightly Tuesday night to 7.1452 yuan to the dollar from 7.1580 yuan, China’s Xinhua News Agency announced Wednesday. The report plus provided a tip regarding the pace of future currency appreciation.
“We will further improve monetary policy contro…
Rails and trucks: A look at two Buffett stocks
With Warren Buffett in the news recently, it is timely to look at a recent report from Paul Tracy, highlighting some of the best-positioned stocks currently held by Berkshire Hathaway (NYSE: BRK.A) — Burlington Northern Santa Fe (NYSE: BNI) and WABCO Holdings (NYSE: WBC).
Here, the editor of…
Commodity futures may not be ideal for every investor
As commodity indexes surged to record highs Tuesday, an economist and analyst offered time-tested advice on the macroeconomic and portfolio implications of the market’s latest investment obsession of the moment.
Economist Glen Langan told BloggingStocks Tuesday that the steep climbs in soybean, w…
Oil jumps above $98 on refinery fire, possible OPEC production cut
Crude oil surged $2.53 to $98.03 per barrel in early trading Tuesday on a Texas refinery fire and concern OPEC will cut production at its March assembly.
A strong explosion Monday created a fire and shut off production at an oil refinery operated by Alon USA Energy (NYSE: ALJ) approach Big Sp…
OPEC trims 2008 global oil demand forecast on slowing U.S. economy
The Organization of Petroleum Exporting Countries cut its forecast for Q1 2008 global oil demand by 130,000 barrels per day to 87.19 million barrels per day on the threat of a U.S. recession, the cartel announced Friday, in its latest monthly report.
“A sharp profitable slowdown, particularly…
Jim Rogers talks commodities
Investors who followed the advice of Jim Rogers’ book Hot Commodities cleaned up in the ensuing global bull market in commodities. Since soon after, Jim Rogers has become one of a handful of citizens that anyone who cares about commodities absolutely must listen to.
Now you can listen to him …
IEA cuts 2008 world oil demand forecast on slower global growth
Global oil demand in 2008 will total 87.6 million barrels per day, about 200,000 barrels less than an initial 2008 estimate, due to slowing global profitable growth, the universal Energy Agency announced Wednesday.
The IEA said demand for transportation fuels in the eastern U.S. and other dev…
U.S. weekly crude oil inventories rise 1.1 million barrels, below estimate
The oil markets took Wednesday morning’s stock report in stride. Oil was down …
