Chris Temple from The National Investor – Tue 3 Jul, 2018

Swings In Oil, USD and Gold – What’s Going To Stick

Chris Temple joins me today to address some of the wild swings we are seeing in major sectors. Oil touched $75/ barrel but quickly reversed today and the USD could not hold above the 95 level. The USD reversal is also driving gold higher but double digits which was due to a couple reasons.

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Chris TempleCory Fleck
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  1. On July 3, 2018 at 12:42 pm,
    Silverdollar says:

    Filled up this morning at $2.99 a gal. for 10% ethanol diluted Phillips gasoline made in SLC. Agree that it will drift higher until after school begins. Personally I don’t believe most people have extra dollars to give to the Saudis or the oil shale shysters. Can’t help a recovery but it can help bring on a recession…..JMO

  2. On July 3, 2018 at 1:17 pm,
    johnk says:

    Off topic :
    Just a follow up on the Polymet, Twin Metals.
    Governor Dayton vetoes bill.

  3. On July 3, 2018 at 1:22 pm,
    johnk says:

    Just a follow up on Twin Metals, Polymet .
    Governor Dayton vetoes bill repealing water standards. May 9th

  4. On July 3, 2018 at 4:51 pm,
    Ozibatla says:

    Here in Aus were paying around $1.50 per litre (around $5.70 per gallon). This is just highway robbery. But without sufficient regulation and an over reliance on transport, what is one to do?

    I dont know the finer ins and outs of all factors affecting fuel prices. However oil price is one defining factor and its become evident that oil price increases are a convenient excuse to over inflate the fuel price. When oil increases in price, fuel quickly follows and often overshoots to the upside. When oil decreases in price, there is a lag in the fuel price decline and it is often minor compared to the drop in oil price.

    We are stuck between a rock and a hard place. Crude oil sits at $74 a barrel yet when it was $100 a barrel a few years back, fuel prices in Aus were the same if not lower than current prices. What gives???