oil prices

Job Numbers: The Texas Employment Chart You Have to See

By Wednesday, September 2, 2015
US-Job-NumbersLower oil prices are supposed to be a boon for the U.S. economy, but one look through the job numbers shows it could bring the country’s recovery to an abrupt halt. Only a few months ago, booming shale production from formations like the Eagle Ford and the Permian Basin had turned Texas into a jobs gusher. It was a pillar behind America’s economic recovery after 2008. Today, however, energy companies .

WTI Oil Price Forecast: Get Ready for $30 Crude… Again

By Tuesday, September 1, 2015
WTI Oil Price ForecastThe latest stall in the oil price forecast serves as a lesson in the weakness of sentiment-driven oil price rallies: they aren’t driven by real economic conditions, and can evaporate fast. Let’s take a quick recap of the situation, and why the current oil price rally is deflating fast. Oil prices rose by 27% over three days last week in the biggest rally by percentage since 1990, spurred on by .

Oil Price Forecast: WTI Crude Oil Prices Could Fall to Low $30.00s

By Friday, August 28, 2015
Oil SurgesIt’s amazing how quickly markets can shift their perceptions of a commodity. This latest oil price rally is purely psychological and has very little to do with actual market fundamentals, which are still alarmingly soft if the latest data is to be believed. In a week increasingly marked by short-term volatility, oil prices hit their worst point in six and a half years on Monday to close under $38.00 per .

Oil Price Outlook: This Could Finally Put a Bottom Under Oil Prices

By Thursday, August 27, 2015
Oil Price OutlookAs energy rates continue tumbling down, oil price forecasters are looking for something—anything—to provide some shred of hope for a recovery. But crude oil no longer found itself alone as it declined this week. Global exchanges began crashing, prompting massive sell-offs and threatening economic collapse. Leading the charge was the increasing brittleness of China’s economy, which is looking ever more unstable since its stock market began nosediving in June. The .

Falling Oil Prices Haven’t Hit the Bank of Montreal’s (NYSE:BMO) Earnings—Yet

By Wednesday, August 26, 2015
Falling Oil PricesCanada’s fourth-largest bank will be experiencing more loan losses from energy companies this year and next if oil prices stay low, despite beating analysts’ estimates. Low oil prices have certainly taken their toll on the Bank of Montreal’s (NYSE:BMO) third-quarter earnings, but shares of the Canadian bank still managed to rise. According to William Downe, BMO’s Chief Executive Officer, the company’s major concerns are a limping Canadian economy and ongoing .

Oil Price Forecast: Could Iran Deal Push Prices Higher?

By Wednesday, August 26, 2015
Oil PricesAs oil prices test six-year lows, it’s becoming increasingly less clear just how much lower they can possibly slide. Market attitudes towards the commodity are decisively negative as we enter the ninth straight week of oil price declines, the worst such pattern since 1986. Global oversupply, slumping demand, and financial markets rattled by a possible economic collapse in China have all contributed to a continued slide in the oil price. .

Peter Prazic: “We Could See Oil Prices in the Low $30s”

By Tuesday, August 25, 2015
Peter Prazic Oil Prices ForecastCrude oil prices are currently trading at a six-year low and threatening to slide even lower as global financial markets are still trying to come to terms with Monday’s catastrophic dips. I sat down with our in-house energy specialist Peter Prazic to get the full story on how things are playing out for the oil patch. Iyer: Peter, the question on everyone’s mind is: Why are oil prices so low?.

Oil Price Forecast: This Could Send Oil Prices to $20

By Monday, August 24, 2015
oil price forecast“Catastrophe” is a great word to describe Monday’s trading, but nowhere else has the pain from the stock market collapse been felt worse than in the oil and gas sector. West Texas Intermediate (WTI) dropped to $38.51 on Monday, after diving to $37.75 earlier in the morning. That’s a 6.7% crash since Friday and the worst front-month price point since 2009. This marks the eighth straight week of losses for .

Gas Prices: Here’s Why You’re Getting Screwed at the Pump

By Monday, August 24, 2015
Gas PricesOil rates are crashing. They have plunged to $38.00 per barrel, but consumers are still getting squeezed by high gas prices at the pump. What gives? West Texas Intermediate (WTI) was trading in the mid-$38.00 range Monday morning as crude continues to test six-year lows. But the price of gasoline barely felt the drop, declining from $2.67 to $2.59 per gallon. (Source: Fuel Gauge Report, last accessed August 24, 2015.) .

Shocking: Gary Shilling Says “Get Ready for $10 Oil”

By Friday, August 21, 2015
Gary Shilling on Oil PricesCrashing energy prices have dramatically altered the landscape for the energy industry, leaving some industry stalwarts struggling to catch up. But according to the latest oil price forecast by one leading economist, it’s about to get a whole lot worse. “I’m sticking with my forecast of US$10 to US$20 a barrel,” Gary Shilling, President of A. Gary Shilling & Co. Inc, wrote in an op-ed for Bloomberg earlier this .
Sep. 3, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter) $1014.15
Trailing 12-month Price/earnings multiple (Most Recent Quarter)

17.44

Dow Jones Industrial Average Dividend Yield 2.71%
10-year U.S. Treasury Yield 2.14%

Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.

Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.

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From: Michael Lombardi, MBA
Subject: Gold: The Stock Contrarian Investors’ Best Play of the Decade

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