Oil Shocker: Saudi Arabia Fires Powerful Oil Minister al-Naimi In Dramatic Power Reshuffle

Oil Shocker: Saudi Arabia Fires Powerful Oil Minister al-Naimi In Dramatic Power Reshuffle

For years, Ali al Naimi was the most important person in the world of oil: the former CEO of Saudi Aramco ascended to the post of Saudi oil minister in 1995, and over the past 21 years had the power to send the price of oil soaring or plunging with one word. To be sure, over the past two years it was mostly plunging because as is well-known, Saudi Arabia’s policy ever since the 2014 Thanksgiving OPEC meeting in which Saudi Arabia broke off from the rest of the petroleum…

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Meanwhile, Traders Are Getting Angrier With Every Passing Day

Meanwhile, Traders Are Getting Angrier With Every Passing Day

Over the past few weeks, one recurring theme has been that experienced traders and analysts have simply given up trying to figure out the market, and no longer have an idea how to trade what for the past 7 years has been a centrally-planned policy vehicle. As a result they are getting exasperated, confused, desperate and simply angry. First it was Richard Breslow; then it was Albert Edwards who was clearly disgusted when he uttered the following appeal: I’m not really sure how much more of this I can take….

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Visualizing The Market Cycle

Visualizing The Market Cycle

Is it possible to time the market cycle to capture big gains? Like many controversial topics in investing, there is no real professional consensus on market timing. Academics claim that it’s not possible, while traders and chartists swear by the idea. That said, as VisualCapitalist's Jeff Desjardins notes, one thing that everyone can probably agree on is that markets are cyclical and that securities do have recurring chart patterns. They aren’t predictable all of the time, but learning the fundamentals around market cycles can only help an investor in furthering…

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These Five Trends In China Will Change The Gold Market

These Five Trends In China Will Change The Gold Market

Via HardAssetsAlliance.com, Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold right now. The gold market will soon be very different than from what we see today – largely due to the current developments in China. China’s influence will impact not just gold investors but everyone who has a vested…

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Key Events In The Coming Central Bank-Heavy Week

Key Events In The Coming Central Bank-Heavy Week

As DB previews, the April FOMC gathering headlines a crowded economic events calendar this week. The post-meeting statement, to be released Wednesday afternoon, should continue to strike a cautious tone. There will be no press conference and updated economic and financial forecasts will not be released. Few expect the FOMC to add the “balance of risks” sentence back into its communiqué at this point. Doing so would be quite bearish for risk assets as it would definitely open the door for a June rate hike. Over the past week, the…

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EUR/USD Fundamental Analysis – 24th April 2016

EUR/USD Fundamental Analysis – 24th April 2016

Fundamental Analysis tries to explain the movements of the market through economic events. Therefore, let us look at certain reasons that are significant for the EUR/USD pair. ECB keeps monetary policy intact; faces sharp criticism from Germany “We have a mandate to pursue price stability for the whole of the eurozone not only for Germany” –  Mario Draghi, ECB President The European Central Bank held its interest rates at record lows and kept the size of its bond-purchasing programme unchanged, allowing some time for fresh stimulus measures announced last month to affect…

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“A Scramble For Gold Has Begun”

“A Scramble For Gold Has Begun”

Authored by James Rickards, originally posted at The Telegraph, For a century, elites have worked to eliminate monetary gold, both physically and ideologically. This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic. By staying on gold, the UK could maintain its credit, and finance the war effort. This transpired. The House of Morgan organised massive credits for…

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China Embraces Gold In Advance Of Post-Dollar Era

China Embraces Gold In Advance Of Post-Dollar Era

To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is preparing itself for the inevitable decay of the current international monetary system, it has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation and increased its official gold reserves in order to ensure financial stability and support the internationalisation of the renminbi. “The outbreak of the crisis and its…

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Fundamental-Analysis: US remains on solid course, Fed on track for further rate hikes

Fundamental-Analysis: US remains on solid course, Fed on track for further rate hikes

“So yes, there is accommodation in the monetary policy that we have. But we think the gradual path of rate increases will be appropriate” –  Janet Yellen, Fed Chair  Fed Chair Janet Yellen said that the US central bank did not make a mistake in hiking interest rates in December, a move that was followed by massive turbulence in financial markets and further weakening of the global economy. Yellen said that as the US economy remains on a solid ground with some signs of inflation. Moreover, seven years after the severe…

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