By Justin Spittler
The oil price crash continues to claim victims…and many of them are in Canada.
The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45.
Weak oil prices have pummeled huge oil companies. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of major U.S. oil producers, has declined 36% over the past year. The Market Vectors Oil Services ETF (OIH), which tracks U.S. oil services companies, has declined 30% since last November.
Shares Of World's Largest Miner Plunge To Seven-Year Low After Massive Toxic Mudslide Engulfs Brazilian Village
Ok, so if you’re the world’s largest mining company, one thing you don’t want is a global deflationary supply glut brought on by depressed demand from China and a worldwide excess capacity problem.
By Dan Steinhart
Dear Casey Research Reader,
I recently talked to my friend James Altucher about his unique new research service…
If you don’t know James, he’s a multi-millionaire entrepreneur and an extremely successful investor.
He’s friends with billionaires like Peter Thiel…who made $600 million as the first investor in giant social media company Facebook.
By Doug Casey
(Interviewed by Louis James, Editor, International Speculator)
This interview was first published on March 14, 2012
Editor’s Note: As you may have heard, the World Health Organization (an arm of the United Nations) issued a major report this week. The report claims that eating processed meat, like bacon, causes cancer. The report also says eating any kind of red meat may cause cancer.
In today’s Weekend Edition, Casey Research founder Doug Casey explains why
The “will they wont they” hike rates in the US casts a shadow over gold prices and hampers golds ability to gain any traction. The recent FOMC meeting has hinted once again that a rate hike is possible in December
By Justin Spittler
One of America’s largest companies is taking a controversial stance on employee benefits.
In a move that is sure to draw criticism from the mainstream press, Jonathan Johnson, chairman of online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and food in preparation of a U.S. financial crisis.
The Fed speaks and the US Dollar jumps putting downward pressure on gold prices.
The chart above just about says everything however there was no real change to the Feds stance as they remain data driven on a monthly basis,