On the morning of 12 January 2024, the United States and Britain, with support from Australia, Bahrain, Canada, and the Netherlands, launched a series of cruise missile and airstrikes against some 60 Houthi (Ansar Allah) targets across Yemen in an attempt to check their attacks on ships in the Red Sea. In spite of claiming … Continue reading Middle Eastern tensions: is the oil price about to explode?
Market experts: crude oil to go to $12 or $65 or $150 or $380 per barrel…
It has long been my contention that in securities markets, prices lead and narratives follow, as I summed up in this 2016 article: "Market facts vs. market narratives." Yesterday we had another case in point: the price of Crude Oil rallied and the media rushed a slew of articles and commentary explaining the move. ZeroHedge … Continue reading Market experts: crude oil to go to $12 or $65 or $150 or $380 per barrel…
Hurricane science for investors and traders
As tropical storm Elsa powers toward Florida, a new hurricane season is upon us. Hurricanes are one of the starkest cases of nature’s elements having a direct impact on financial and commodities markets. If a storm hits the coastal regions of Texas and Louisiana in the Gulf of Mexico with sufficient strength, it can cause … Continue reading Hurricane science for investors and traders
The coming energy crisis – the case of dwindling Saudi oil reserves (video + transcript)
Last week the Visual Capitalist published another one of their infographics, this time about the oil reserves of different nations. As usual, they make nice-looking graphics, but this document yet again perpetuates the seemingly immortal myth about the magical, inexhaustible Saudi oil reserves which, says the Visual Capitalist, amount to 291 billion barrels. They got … Continue reading The coming energy crisis – the case of dwindling Saudi oil reserves (video + transcript)
I-System Trend Following 