$4 A Gallon Thursday: Gas Hits $4 Overnight [View article]
Hi Phil, I know for a fact that the cost to pull a BOO out of the ground is approx 29-31 USD that is with the cost included to get it upstream. Now if anyone wants to question it please tell us what it is to get upstream. 29-31 verus 108 who is making the money ???
Australia Can Be A Good Barometer Of Chinese Growth [View article]
I can not agree with this article as I am on the ground here it Australia and things are not goodas a lot of people think, lots of people nevrous, job lay off's are happening now at pace, housing prices going down etc etc so please do not think that its all sweet down here.
Hopping aboard a train that left the station ages ago - Goldman ups its forecast for the aussie, expecting it to trade around $1.080 for the next year. The previous forecast had the currency between $0.9700 and $1.030. Trading at $0.9900 7 weeks ago, the aussie has just completed a straight line 900 pip move to $1.080. Very helpful call. (earlier) [View news story]
How far behind the 8ball are you with thisquote, the AUD has been trading under 1.08 all day
Alarmed by talk of increased Western sanctions that could reduce or even halt its oil exports, Iran warns crude oil prices could surge to at least $250/barrel. The warning is part of Iran’s attempt to intimidate its adversaries, and it could be working: European fears grow that new sanctions would hurt themselves more than they would hurt Iran. Crude prices finished with only slight gains. [View news story]
Wow glad I live in Australia based on all the comments!!
Bullish On Australian Coal And Peabody Energy [View article]
The Australian market is in for a big fall regardless of what it does in the commodity section, the Gov in Australia are a bunch of tossers and they will stink the ecomony
10 Reasons to Avoid the Australian Dollar [View article]
I agree with Tim the AUD is way to high. I live in OZ and can tell you Tim he is spot on with his assessment everyone seems to be fooled by the mining sector thinking everything is going gang busters here, well its not all other sectors are struggling big time the cost of living is starting to get out of control etc and people are not spending as they are afraid of the current Gov in place.
Thursday: It's the End of the Quarter as We Know It [View article]
Phil, Just love reading your articles they are the best on Alpha keep it up and you are spot on re Oil and those manipulative bastards . Macca from Down Under!
Has Chinese Premier Wen Jiabao given risk markets a big green light? Writing in the FT, he says China's battle against inflation has worked, with price levels expected to "drop steadily" from here. A key market worry - tight money and a slowdown in China - may have just been lifted. Asian markets and commodities are up sharply. Non-paywall summary here. [View news story]
The only thing that is straight out of China is their hair!!!
Not participating in today's "risk on" rally is the Australian dollar, which falls 1% in the wake of a report showing export volumes plummeting 8.7% in Q1. Another report shows house prices continue to fall, with higher-end property particularly hard hit. Aussie buys $1.0659. [View news story]
Yep OZ will be trouble when the mining game slows down as it will in the next 18 months or so and then when the housing bubble comes into play it will not be pretty everyone thinks what happen in Europe /UK & the USA in housing will not happen here for some unknown reason.
$4 A Gallon Thursday: Gas Hits $4 Overnight [View article]
I know for a fact that the cost to pull a BOO out of the ground is approx 29-31 USD that is with the cost included to get it upstream.
Now if anyone wants to question it please tell us what it is to get upstream.
29-31 verus 108 who is making the money ???
Australia Can Be A Good Barometer Of Chinese Growth [View article]
Hopping aboard a train that left the station ages ago - Goldman ups its forecast for the aussie, expecting it to trade around $1.080 for the next year. The previous forecast had the currency between $0.9700 and $1.030. Trading at $0.9900 7 weeks ago, the aussie has just completed a straight line 900 pip move to $1.080. Very helpful call. (earlier) [View news story]
The Momentum Trade Is Nearly Over; Economy Isn't As Strong As You Might Think [View article]
What If This Is As Good As It Gets For The Stock Market? [View article]
Coming Week: Why EU Credit Downgrades Coming, Bond Sales [View article]
I always look forward to your articles they are the best.
Macca from Down Under.
(Australia).
Alarmed by talk of increased Western sanctions that could reduce or even halt its oil exports, Iran warns crude oil prices could surge to at least $250/barrel. The warning is part of Iran’s attempt to intimidate its adversaries, and it could be working: European fears grow that new sanctions would hurt themselves more than they would hurt Iran. Crude prices finished with only slight gains. [View news story]
Bullish On Australian Coal And Peabody Energy [View article]
10 Reasons to Avoid the Australian Dollar [View article]
Thursday: It's the End of the Quarter as We Know It [View article]
Just love reading your articles they are the best on Alpha keep it up and you are spot on re Oil and those manipulative bastards .
Macca from Down Under!
Has Chinese Premier Wen Jiabao given risk markets a big green light? Writing in the FT, he says China's battle against inflation has worked, with price levels expected to "drop steadily" from here. A key market worry - tight money and a slowdown in China - may have just been lifted. Asian markets and commodities are up sharply. Non-paywall summary here. [View news story]
Bull Market Correcting or Bear Returning? [View article]
Macca down under!
As Euro Bulls Suffer Set Back, Is There More to Come? [View article]
The Sound of Something Bad Not Happening...Yet [View article]
Not participating in today's "risk on" rally is the Australian dollar, which falls 1% in the wake of a report showing export volumes plummeting 8.7% in Q1. Another report shows house prices continue to fall, with higher-end property particularly hard hit. Aussie buys $1.0659. [View news story]