Gold futures rallied to a record high over $1,390 an ounce on Thursday in the wake of the Federal Reserve’s quantitative easing measures. Lind-Waldock Senior Market Strategist comments on gold’s record rally in the video below.
Lind Plus Senior Market Strategist Aaron Fennell discusses the gold market. Gold reached recorded highs above $1,100 an ounce recently. Aaron discusses whether or not gold could maintain these levels. The video segment below is from Aaron’s weekly webinar series, “Futures Forum.” To register and watch his next webinar, click here.
August crude oil futures rose to a record $145.85 a barrel today on concerns of a heavy drop in U.S. stockpiles and the possibility of a violent conflict with Iran. Also giving strength to crude oil prices were comments by Saudi Arabia’s oil minister indicating the country would not boost production.
Corn jumped to new highs today as flooding in the Midwest damaged the crop. Corn surged 3.5 percent to a high of $7.91 a bushel in early morning trading. Soybeans, wheat and rice also made gains.
Mortgage Group Has Broad Homeowner Aid Plan – Reuters Despite Irish Vote, the Euro Remains Strong – NYTimes Food Companies; Shares Tumble as Costs Rise – Reuters Lacker Joins Chorus Calling for Rate Hike – MarketWatch Home-Builders’ Index Reaches Record Low in June – MarketWatch Lehman Posts $2.8 Billion Loss – WSJ.com Oil surges to [...]
It’s a new trading week and crude oil is already at a new record high, with July NYMEX futures trading above $139 a barrel. The market seems to be ignoring news that Saudi Arabia, the world’s largest exporter, plans to ramp up supply. A fire that shuttered an oil and gas field off the Norwegian [...]
Retail sales jump by largest amount in 6 months – Bloomberg Oil Should Not Be Left to Market Forces – Anatole Kaletsky, Times of London Don’t Fear Speculative Bubbles – Chris Farrell, BusinessWeek Don’t Expect Dollar Intervention – Marc Chandler, TheStreet.com Visualizing Oil Production: 1965 – 2007 – Paul Kedrosky, Infectious Greed Tough Love from [...]
Crude oil futures reached their highest level ever trading at a high of $139.12 and closing at $138.35 in the July contract. Rising tensions between Israel and Iran, along with a weaker dollar led to the sharp rise. The rally also came on alongside a prediction by investment bank Morgan Stanley that crude oil would [...]
