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Looking Ahead To ECB Policy, Earnings Season, and The Oil Price

Cory
April 8, 2019

Marc Chandler, Managing Partner at Bannockburn Global ForEx and editor of the Marc To Market website joins me for a look ahead to the ECB meeting and upcoming earnings season. He also outlines the geopolitical issues that are helping to drive the oil price higher.

Click here to visit Marc’s free blog for valuable daily content.

Discussion
22 Comments
    Apr 08, 2019 08:00 PM

    Platinum ……$907….up $10….

    GH
    Apr 08, 2019 08:03 PM

    Big Al,

    I left an important reply to your Friday commentary on the Biden article by Noonan.

      Apr 08, 2019 08:15 PM

      Some people will never believe our rulers could be criminals. Hell, most people do not believe their rulers are rulers!

        Apr 08, 2019 08:21 PM

        Hell, most people don’t even know who their rulers are and can’t distinguish them from their rulers’ puppets!

    cfs
    Apr 08, 2019 08:40 PM
    Apr 08, 2019 08:05 PM
    Apr 08, 2019 08:08 PM

    Is the US out of Bankruptcy yet………
    Title 28, Section 3002

    Apr 08, 2019 08:31 PM

    Goldcorp’s Ian Telfer rode the gold highs — but exits on a low note

    Gold’s now a game of musical chairs — and Ian Telfer ensured Goldcorp is not left stranded

    Gabriel Friedman – April 8, 2019

    “Earlier this year, Telfer cut a deal to sell Goldcorp for US$10 billion — a 78 per cent hair cut from its peak valuation of US$45 billion back in 2011 when gold prices were soaring.”

    “At the time, Goldcorp had been riding a years-long decline in its share price from above $50 in 2011 down to $13.47 in May 2018, and the worst hadn’t even come.”

    “Last autumn, after reporting disappointing third-quarter results including higher than expected costs, Goldcorp shares went on to drop an additional nearly 20 per cent, to less than $9. Since 2017 it has had negative free cash flows, according to Morningstar Research.”

    “By the beginning of the year, the whole company was being sold to Newmont Mining for US$10 billion, whose chief executive Gary Goldberg would criticize Goldcorp’s strategy as one focused on “volume” rather than profits.”

    “If the Goldcorp sales goes through, it forms a remarkable ending for a company that as recently as 2014 was worth more than either Newmont or Barrick Gold Corp. — currently the two largest gold companies in the world.”

    https://business.financialpost.com/commodities/goldcorps-ian-telfer-rode-the-gold-highs-but-exits-on-a-low-note

    CFS
    Apr 08, 2019 08:02 PM
    cfs
    Apr 08, 2019 08:31 PM

    Fake News is going to pay!

    https://www.youtube.com/watch?v=igXBs1lCb6Q

      Apr 09, 2019 09:06 AM

      Politicians are going to pay……!!

    Apr 08, 2019 08:45 PM

    SLV:GLD has closed above the 20 day MA for the first time in over two months…
    http://schrts.co/ydJktTYM

    Apr 09, 2019 09:25 AM

    Valeura Energy, sym: T.VLE has gas in Turkey to supply to EU, low float.

    Apr 09, 2019 09:29 AM
    CFS
    Apr 09, 2019 09:46 AM
    CFS
    Apr 09, 2019 09:11 AM

    http://podbay.fm/show/589864479/e/1554779788?autostart=1

    Did you know face/head regonition allows tracking of all people/vehicles within view from drones flying at 20,000 feet?
    (You don’t need to look up at the drone, since head recognition works with hair/ears head shape, etc.)