The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and incomes rose in February. Another report hinted at strong start to the spring buying season.Energy stocks were among the biggest gainers, bucking a slide in… Keep reading →
Last week, the European Commission held its first orientation debate on the Energy Union in the college of the Commission. “It was the first time that all commissioners together had an in-depth discussion on the issue. And I can tell you that there was very broad agreement on the main features of the future Energy… Keep reading →
Gold prices will continue to retreat, as of today, December 6, 2014 it is $1,192 an ounce. I believe it will be below $1,000 an ounce before year end 2015. Oil prices will be below $60 a barrel by year end 2015. The S&P 500 will exceed $2,200 a share sometime in 2015. The Supreme… Keep reading →
In a story rife with geopolitical implications, reports indicate the consortium developing Israel’s Leviathan gas field – which includes US-based Noble Energy – could be close to signing supply deals with Turkey and Egypt instead of sending to gas to Greece and/or Cyprus as previously planned. In an ironic reversal of fortune, Israeli gas could… Keep reading →
