Archive - Nov 29, 2013 - Blog entry

This brings me back to an earlier point, that profits and earnings are likely peaking. All of these point to a top forming.

Can the US hit the 9.5 million barrels per day passing the historical trend of 9 million barrels per day mark in 2014? And if so what does this mean for Global Oil prices? 

Early signs of Walmart sink...

There was more irregular price action in trading yesterday between 1800 and 1830 GMT. Gold had trended slightly higher in the afternoon and was trading at $1,244/oz prior to a sharp but very brief spike to $1,254/oz and then sharp concentrated selling saw gold fall by more than $20 to $1,231/oz before bouncing higher and recovering to the $1,245/oz level again. 

The trading was unusual as foreign exhange markets saw no price movements of note, nor did the silver, platinum and palladium markets.

Now I was a kid once too, and I liked toys as much as the next child, but over the years, I have grown increasingly aware of the fact of how short-lived the pleasure of Getting Stuff is. Whether it's a toy as a child or a sports car as an adult, once you've actually got whatever it is that you thought you couldn't live without, well, it just sort of blends into normalcy.