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Lior Cohen  

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  • Will The Fed Bring Down SLV?
    Thu, Jan. 29 SLV 21 Comments

    Summary

    • The FOMC’s statement was released on January 28.
    • The price of SLV could come down once the FOMC starts to raise rates.
    • The concerns over the global economy aren’t likely to change the FOMC’s view about raising rates this year.
  • What's Driving Down Marathon Petroleum's Earnings?
    Thu, Jan. 29 MPC 3 Comments

    Summary

    • Marathon Petroleum’s earnings report will be released next week.
    • Lower crack spreads are likely to have reduced the company’s profit margins in the past quarter.
    • The company’s profit margin will probably continue falling due to narrower spreads.
  • 4 Takeaways From Freeport-McMoRan's Quarterly Earnings
    Wed, Jan. 28 FCX 8 Comments

    Summary

    • Freeport-McMoRan released its earnings report for the fourth quarter.
    • The company came up short on its earnings per share for the quarter.
    • Also, it cut its capital expenditure for 2015.
    • A weaker balance sheet and falling commodities prices could cause the company to cut its dividend.
    • Production in copper is still expected to rise in 2015.
  • What To Expect From Franco-Nevada's Earnings Report
    Tue, Jan. 27 FNV Comment!

    Summary

    • Low gold and oil prices could reduce Franco-Nevada’s profitability.
    • The company’s recent purchase of Candelaria mine will sharply increase its attributed gold production.
    • The recent recovery in gold prices will improve the NPV of the Candelaria mine.
  • Is Yamana Gold's Situation So Dire?
    Tue, Jan. 27 AUY 10 Comments

    Summary

    • Yamana Gold's recent share offering raised concerns about its stability.
    • The company’s debt burden has gone up in the past year.
    • Low AISC and its recent copper hedge are among the company’s silver linings.
  • GLD And Its Relation To The Greek Elections, ECB's QE And FOMC Meeting
    Mon, Jan. 26 GLD 6 Comments

    Summary

    • The rise in uncertainty in Europe over the recent Greek elections results in ECB's QE program play in favor of GLD.
    • Will the upcoming FOMC meeting and GDP update for the fourth quarter impact the direction of GLD?
    • The market has revised down the probabilities of a rate hike in the coming FOMC meetings.
  • Preview Of Freeport-McMoRan's 4th Quarter Earnings
    Mon, Jan. 26 FCX 10 Comments

    Summary

    • Freeport-McMoRan will release its earnings report for the fourth quarter on Jan. 27.
    • Low oil and copper prices are likely to have brought down its profit margins.
    • Despite the amended relations with Indonesia, the company's output might have dropped due to the divestment of its interest in its Chilean copper mines in November.
  • Is Iran Capable Of Keeping Up With Oil At $25?
    Fri, Jan. 23 USO, OIL, UCO 30 Comments

    Summary

    • Iran’s debt remains low despite fall in oil revenue.
    • Iran’s oil production costs is estimated to be less than $20 per barrel.
    • Iran’s oil revenue from oil have already tumbled down after the sanctions came into play back in 2012.
  • The Swiss Franc Black Swan Event Crashed FXCM's Stock
    Thu, Jan. 22 FXCM 2 Comments

    Summary

    • FXCM’s stock fell by 87% on January 20th.
    • The company received a loan from Leucadia National to meet regulatory capital requirements.
    • FXCM’s loan terms may have brought down the company’s valuation to around $60 million.
  • What To Expect From Anadarko Petroleum's Upcoming Earnings Report
    Thu, Jan. 22 APC Comment!

    Summary

    • Anadarko Petroleum will present its fourth-quarter earnings report in February.
    • Oil production is expected to pick up, while natural gas operations are likely to decline.
    • The company could still face $3.5 billion penalty payments.
  • What Is Driving Up SLV Besides Gold?
    Thu, Jan. 22 SLV 3 Comments

    Summary

    • The fall in the U.S. treasuries yields keeps up the price of SLV.
    • The rally of gold is only partly related to the recovery of silver.
    • Despite the recovery in silver prices, SLV’s silver holdings didn’t pick up.
  • Goldcorp Kicks Off The Year With A New Purchase
    Wed, Jan. 21 GG 1 Comment

    Summary

    • Goldcorp decided to purchase Probe Mines.
    • This comes after Goldcorp slashed its capex by nearly half.
    • This could be the start of subsequent purchases for the gold producer.
  • Will Valero Energy Benefit From Low Oil Prices?
    Wed, Jan. 21 VLO 3 Comments

    Summary

    • The fall in oil prices have also cut down the spreads between WTI and Brent oil.
    • Lower margins on sour and sweet oils could bring down VLO's profit margins.
    • Valero Energy keeps increasing its volume of refined oil in the Gulf Coast, which could improve its profitability.
  • Chesapeake Could See Additional Losses Due To Its Hedging Strategy
    Tue, Jan. 20 CHK 11 Comments

    Summary

    • Chesapeake Energy could present low realized oil and natural gas prices in the fourth quarter.
    • The company's hedging plan could increase its losses from derivatives.
    • Most of these losses are due to the three-way collar the company used for its 2015 output.
  • Arch Coal Takes Another Beating
    Tue, Jan. 20 ACI 23 Comments

    Summary

    • Arch Coal’s stock fell by 30% in the past month.
    • The latest news from EPA may have contributed to the fall in the company’s stock.
    • Falling coal prices also drive down the company’s stock. But is Arch Coal capable of adjusting to the direction of the coal industry?
  • Arctic Cold Brought Up UNG - For A Short Time
    Tue, Jan. 20 UNG 19 Comments

    Summary

    • Colder-than-normal weather brought up the price of UNG.
    • EIA still estimates this year’s natural gas price to remain lower than last year’s.
    • This week’s extraction from storage is estimated to be higher than the 5-year average.
  • Switzerland's Monetary Policy Change - GLD Rallies
    Mon, Jan. 19 GLD 3 Comments

    Summary

    • The Swiss National Bank's decision to end its policy to peg the Swiss franc to the euro stirred up the financial markets.
    • The decision seems to have also pulled up the price of GLD.
    • How SNB's decisions relates to the recent rally of GLD.
  • Why Did Silver Wheaton Hold On To Its Pascua Lama Streaming Agreement?
    Thu, Jan. 15 SLW 11 Comments

    Summary

    • What is holding Silver Wheaton back from canceling its agreement with Barrick Gold’s Pascua Lama Project?
    • This is a major project that could provide a hefty return for Silver Wheaton’s investment.
    • In the current silver price environment, Silver Wheaton is likely to find it harder to find new projects to finance. As such, keeping this deal is important for Silver Wheaton.
  • Goldcorp Fails To Reach Its 2014 Production Goals
    Wed, Jan. 14 GG 10 Comments

    Summary

    • Goldcorp’s 2014 output didn’t reach its annual goals.
    • For 2015, the company expects higher production but much lower capital expenditure.
    • Goldcorp reached a lower-than-expected AISC in 2014 and plans to cut its AISC down again in 2015.
  • Falling U.S. Inflation Could Drive Up SLV
    Tue, Jan. 13 SLV 4 Comments

    Summary

    • The price of SLV rallied by 5% during the year, up to date.
    • Falling U.S. inflation may pull up SLV via the drop in U.S. treasury yields.
    • The recent Non-farm payroll was inline with market expectations, but it didn’t drag down SLV.
  • 4 Points About Yamana Gold's Upcoming Fourth-Quarter Results
    Tue, Jan. 13 AUY 3 Comments

    Summary

    • Yamana will release its fourth-quarter results in February.
    • Revenue is likely to come in below analysts' expectations.
    • Despite low gold prices, the company's profitability could rise due to lower AISC.
  • USO Falls To A New Low
    Mon, Jan. 12 USO 13 Comments

    Summary

    • The price of USO fell by 10% this year.
    • U.S. oil production is expected to rise by 8% this year.
    • Saudi Arabia’s oil production costs is estimated to be less than $20 per barrel.
  • UNG Could Resume Its Downward Trend
    Mon, Jan. 12 UNG 27 Comments

    Summary

    • The temperatures are projected to be higher than normal in the next two weeks – this could keep dragging down UNG.
    • This week’s extraction from storage is expected to be higher than the 5-year average.
    • The demand for natural gas is still low for this time of the year.
  • What Is Keeping GLD Up?
    Mon, Jan. 12 GLD 19 Comments

    Summary

    • Falling long term treasuries yields are keeping up GLD.
    • The decline of the U.S. dollar was related the GLD’s recent rally.
    • The recent minutes of the FOMC were released last week – how do they relate to GLD?
  • 5 Concerns Over Freeport-McMoRan's Outlook
    Fri, Jan. 9 FCX 21 Comments

    Summary

    • Freeport-McMoRan’s investors have reasons to be concerned over the company’s outlook.
    • Low oil and copper prices could weigh on its profit margins.
    • The company’s relation with Indonesia, and its attempts to cut down debt and invest in its developing projects, should also be looked at.
  • Chesapeake Energy's Q4 Earnings Preview
    Wed, Jan. 7 CHK 4 Comments

    Summary

    • Chesapeake's production is expected to rise again in the fourth quarter.
    • The company's realized oil and natural gas prices may be well below market prices.
    • The drop in oil prices may lead the company to again reduce its capex for 2015.
  • The Break Point For Oil Companies
    Tue, Jan. 6 CHK, CVX, USO 6 Comments

    Summary

    • How low does oil have to go in order to reach this break point for oil producers?
    • Saudi Arabia has seen a drop in its share of oil imported by the U.S.
    • Even if oil prices rally, USO may not be the best way to go, due to Contango in the futures market.
  • Silver Wheaton Extends Barrick's Pascua Lama Completion Date To 2020
    Tue, Jan. 6 SLW 4 Comments

    Summary

    • Silver Wheaton extends Barrick Gold's deadline to complete the Pascua Lama project to 2020.
    • The silver streaming company will keep receiving precious metals from Barrick's other mines.
    • Silver Wheaton still has the option of end this deal if Barrick doesn't meet its deadline - will this be a better option for Silver Wheaton?
  • UNG Remains Around $15 - Will It Recover?
    Tue, Jan. 6 UNG 22 Comments

    Summary

    • The natural gas storage is projected to be lower than normal by the end of March.
    • The short-term weather outlook is uncertain, but suggests warmer-than-normal weather, which could bring UNG back down.
    • The extraction from storage is expected to be lower than normal this week.
  • The U.S. Economy's Recovery Weighs On SLV
    Mon, Jan. 5 SLV 17 Comments

    Summary

    • The progress of the U.S. economy is keeping down SLV.
    • The minutes of the last FOMC meeting may shed light on the next FOMC move.
    • The upcoming non-farm payroll could also bring down SLV if it reaches or passes market expectations.
  • Barrick Gold Updates On Its Pascua-Lama Project
    Sun, Jan. 4 ABX 2 Comments

    Summary

    • Barrick Gold recently reported that the Supreme Court of Chile didn’t approve its appeal.
    • There is still a high level of uncertainty around the future of this mine.
    • The low prices of gold and silver are also weighing in on this mine’s profitability.
  • Examining GLD In Relation To The U.S. Dollar And Russia
    Fri, Jan. 2 GLD 11 Comments

    Summary

    • The recent developments in Russia may also play a role in the progress of GLD.
    • The upcoming non farm payroll report could bring further down GLD.
    • Let’s examine the relation between GLD and U.S. dollar.