commodities

The front page of today's business section of the New York Times features an article by Joe Nocera that correctly questions Washington's preoccupation with speculators as the source of our oil crisis. It seems the witch hunt in Washington…

WINFIELD, Mo. -- A makeshift sandbag levee holding back the Mississippi River failed early Saturday and authorities said part of the town was evacuated.From the Wall Street Journal.Winfield, 45 miles northwest of St. Louis, is in Lincoln…

Whether you believe that peak oil is here or you believe that it's fantasy, ultimately your opinion rests on whether the Saudis can pump more oil. For years, Saudi Arabia has been the swing oil producer, able to turn on its oil spigots…

The Fed has lost all credibility in the markets. On Wednesday, Ben Bernanke was unable to put his money where his mouth is. Earlier, he jawboned on inflation, trying to match the BoE and the ECB in rhetoric, but his actions speak louder…

In an interview with CNBC India, international investor Marc Faber says that gold is his commodity of choice right now. Marc Faber sees demand for commodities to come off in second half of 2008 in India and China. He will rather buy gold…

Wow! That was an exciting, but stomach churning day in the markets. The Dow was way down, 358 points. Oil soared to a new high over $140 a barrel. The Euro hit a record against the yen. The TED spread is rising. Did I miss anything?…

These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article's bullish call on commodities, I know that Faber is on the record as saying that oil is due for a…

Transcript of the interview with CNBC India here. He's bearish on oil short-term. He's bearish on financials and sees bankruptcies in the offng soon. This is a view I share. Bearish on India as well. I'll be looking to update via the…

Oil prices aren't high because of greedy oil companies or backstabbing middle eastern countries. Oil prices are high because of easy money. That is the message of David Uren in today's Australian. I subscribe to his view but add in peak…

A friend from the UK visited me at the weekend last week. As we drove by the local Exxon, and he spotted the $4.30 marker for regular unleaded, he commented "Petrol is cheap here." Really?Well, in the UK, he said he was paying £1.40 a…