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Tag: Oil

Gold/Oil Ratio: Is It Really Making Record Highs?

QUESTION: Mr. Armstrong, Mining ran a chart of the gold/oil ratio pointing out that conventional wisdom has placed the two together on the theory that rising oil...

Crude – Is it Over? Or Just Another Fake-Out?

Crude has made a slight bounce, but it need desperately to close above $32.35 today just to pause. There is no change of a real reversal in trend here. Crude would...

Crude – Equities – Euro

We will post a 35-minute video update to the World Economic forum (see “Helpful Video” thread) that will cover key markets. We have warned that January...

Crude — What Lies Beneath $30 & Where Will Resistance Stand Here After?

The fear has been that Iran will start dumping oil now that the sanctions have been lifted. Thus, crude has been falling out of bed in a nightmare scenario. The...

Shanghai & Oil

In China, the Shanghai share market broke its major psychological support at 3000. The selling pressure has continued to expand on time here in January as oil also...

Saudi Arabia Announces Fiscal Deficit of $135 Billion

Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday,...

Evil People in High Places? Or Just Coincidence?

Dick Cheney is best known for being the head of Halliburton who then became Vice President. Cheney moved his office directly in the White House and ran the...

Commodity-Based Countries to Liquidate Wealth Funds & Gold

QUESTION: Marty, at the Berlin cocktail party you said we may yet see gold sales from oil producing countries if oil breaks your yearly number of $35 for year end...

Answering Questions on Gold

QUESTION: Marty, it appears you are correct once again in gold that this rally would not reverse the trend. The gold promoters have been all over the place claiming...

Oil & The Commodity Risk

COMMENT: Mr Armstrong, I work in engineering and last year I was offered a position back in a major North Sea oil company. The reason I turned it down was due to...