Is The Oil Rally Over ??
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests or units that may be purchased and sold on the American Stock Exchange (the AMEX). The Company invests in futures contracts for light, sweet crude oil and other types of crude oil, heating oil, gasoline, natural gas and other petroleum-based [...]
Worst Slump In Recent History For Auto Sales
Yahoo has latest story about worst auto sales: August auto sales fall; some say worst may be over Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out. Most upbeat were executives from General Motors Corp., which posted [...]
Gold Enters A Period Of Volatile Consolidation
Bloomberg has latest story about falling gold prices: Gold Tumbles Below $800 Gold slumped for the fourth day as lower crude oil prices and a stronger dollar reduced the appeal of the precious metal as a hedge against inflation and as an alternative asset. Gold is trading currently below 800$ mark ….. Our view is [...]