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OPEC+ is in crisis again–but since no one knows quite what the result is likely to be, we’ve had big swings in sentiment and prices in the oil market (and in banks, other commodities, and the inflation/deflation play) today

OPEC+ is in crisis again–but since no one knows quite what the result is likely to be, we’ve had big swings in sentiment and prices in the oil market (and in banks, other commodities, and the inflation/deflation play) today

The Organization of Petroleum Exporting Countries and its affiliated oil producers (OPEC+) abandoned their Monday meeting after days of tense talks failed to result in an agreement on a tentative deal to increase production, and even over how to measure production....
Wheaton Precious Metals hikes dividend by 30%

Wheaton Precious Metals hikes dividend by 30%

Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the...
Gold draws near even for the year, approaches resistance

Gold is behaving like Biden stimulus is on its way

Gold futures on the COMEX for February delivery closed up 1.4% today, January 20, at $1866.50 an ounce. That’s the highest finished for the most active contract on the futures market since January 7. Silver for March delivery closed up 1.8% to $25.766 an ounce....
No bounce after yesterday’s selling

No bounce after yesterday’s selling

What I like to see–if I’m on the long side of stocks–after a drop like yesterday when the Standard & Poor’s fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%–is a bounce that speaks to...