Inside Story: What's Driving Oil Prices Down?

  

Chris Martenson: The Crash Course - Shale Oil. Can We Survive This Energy War?

Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.

  We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it  be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?"

Peter Schiff: Gold Still On Launch Pad As We Start 2015.

Just to cheer all Gold investors before the Christmas!

"Kitco News speaks with Peter Schiff to get his forecasts for gold in this special outlook edition. Last time Schiff was on the show, he said he expects gold price to take a “rocket ship back up” and we wanted to know if he has since changed his tune. He is still bullish on gold and says the U.S. economy is not as strong as people perceive it to be. “I think [gold] is set up perfectly and I think it’s still on that launch pad,” he says. “I do believe you are going to see panic buying in the gold market because it’s really going to be panic selling of the dollar.” Schiff adds that too many people believe in what he called a “phony recovery” and warns that a rude awakening is coming when the Fed, instead of raising rates, launches a QE4 to keep the economy from slipping back into a recession. Tune in now to find out why Schiff doesn’t think the Fed can raise rates and why he thinks the economic data isn’t as accurate as it may seem. Kitco News, December 17, 2014."

U.S. Mint Sets New Record, Selling 43 Million Silver Coins In 2014.

  Now add demand from India, record Silver export from the UK, rising Solar Power and we have a very interesting picture ...

Peter Brandt: Six Chart Reasons Why Silver Has Bottomed.

 I have found Peter Brandt's call on Silver Top in 2011 nothing less than incredible example of trader's discipline and industry insight and would like to share his observations about Silver today. Please visit his blog to find more information and read carefully my legal disclaimer. Read more."

What's In Store For Gold In 2015?

  Very interesting conversation about Gold, market fundamentals, supply and demand  from Scotiabank conference, including Rob McEwen. Read more."

Marc Faber on Global Stocks, Economy, Gold Prices.

Swiss Gold Referendum: What Is It All About? UBS: 1,500 t Of Gold Buying By SNB At Stake.

 

Kitco:

“There is already support for this referendum and I am expecting the gold market to start paying more attention, especially if the polls show the vote will be close,” said Hansen.Currently, according to data compiled by the World Gold Council, Switzerland holds 1,040 metric tons of gold making up 7.7% of its reserves.In a research note published Sept. 24, Analysts at UBS said that if the referendum passes the Swiss National Bank would have to buy about 1,500 tons of gold over the next three years. “1500 tonnes equates to half of the world's annual production,” they said in the report.“That kind of gold buying would put what we’ve recently seen in China to shame,” said Hansen. Read more." 

Gary Tanashian: US Dollar is Extreme - Commercials Betting on Big Dollar Downturn.

  Gary Tanashian provides very interesting charts to put the recent rise of US Dollar into perspective.

UBS: If The Referendum Passes Swiss Bank Would Have To Buy About 1,500 t of Gold over 3 years.

"It is the very good speech, but the most significant here is the place where it is happening: Swiss Parliament. It could be very much the beginning of the global reset. Read more."

Kitco:

US Dollar is Extreme

"Using Tom McCellan’s article discussing a “blow off” move in the US dollar and its very bearish net short position by commercial traders as a starting point, I would like to talk about the USD and gold and how they each fit in to the global macro backdrop.  We could add silver into the mix as well because its failure in relation to gold (ref. the gold-silver ratio’s breakout last week) is the other horseman (joining Uncle Buck) that would indicate a changing macro.  Here’s the McClellan piece:

Commercials Betting on Big Dollar Downturn 

First I would question the term “blow off” when talking about the USD.  Markets that have come off of long term basing patterns and broken above resistance with plenty of overhead resistance still to come have not blown off.  A blow off is Nasdaq 2000, Uranium 2007, Crude Oil 2008, Silver 2011, etc.

Reviewing the monthly chart below, we see nothing of the sort currently when considering a “blow off” move in USD.  What we see is a currency that made its real blow off move in 1985 to climax the Volcker interest rate hiking regime.

There is no blow off in USD.  What there is is a savage upward move that we charted all along from its birth to its now mature and hysterical potential pivot point.

USD appears to be rising in response to a narrative taking shape about Fed Funds rate hikes by mid-2015.  This is brought about by the strong economic performance that has taken place since we clearly anticipated it in early 2013.  Let’s not over complicate this.  The currency’s strength and associated rate hike talk are in play because of economic performance, which has been good in key areas like relatively high-paying manufacturing and generally with the improved employment (and unemployment) data. Read more on Kitco."