Feb 23
Crude Oil (WTI) is going high everyday. As I write this article it stands at 108.56 and shows no signs of moving down. If it goes like this then very soon we would see crude oil at $115 which is my target for now. It would probably consolidate around those levels before again taking a …
Permanent link to this article: http://www.wealthson.com/1801/crude-oil-cruising-towards-year-high
Feb 23
Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country’s constitution by unelected banker technocrats, who will make it legal for Greek creditors – read insolvent European banks – to plunder the Greek gold which at last check amounts to 111.6 tonnes according to the WGC. As …
Permanent link to this article: http://www.wealthson.com/1795/greek-population-will-lose-all-its-gold-to-european-banks-in-latest-amendment-of-greek-constitution
Feb 05
On the New York Mercantile Exchange, light sweet crude futures for March settlement traded at USD96.08 a barrel during early U.S. trade falling 0.28%. Weakness in the U.S. dollar helped depress crude oil prices. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, gave back 0.06% …
Permanent link to this article: http://www.wealthson.com/1790/crude-oil-might-again-touch-98
Jan 28
This great graphic on gold production and usage came from Trustable Gold, a company that provides information on purchasing gold by comparing the different investment opportunities.
Permanent link to this article: http://www.wealthson.com/1786/where-gold-comes-from-and-where-it-goes
Oct 23
It seems finding a feasible solution to Greek crisis may not be possible for the European leaders as they have had 9 meetings in past 5 days and still no one have come up confidently and said that they will find the fix to the Greek Debt. It seems that there are conflicts at every …
Permanent link to this article: http://www.wealthson.com/1736/european-leaders-are-struggling-to-find-a-solution
Oct 21
Currency markets just saw slide of DOLLAR/YEN to lowest level since World war II. Reasons of the fall are still not clear but I see it is because of expectations of QE3/QE4 (as you may conceive it) which lead to breaking of technical support levels. This lead to Dollar/Yen dive below 75.80 level, never seen …
Permanent link to this article: http://www.wealthson.com/1733/dollar-dumped-dollaryen-falls-most-post-world-war-ii-level
Oct 15
UBS’ Stephane Deo comes up with amazing analysis where he says that 50% hair cut being proposed by Euro leaders wont work and it would effectively amount to just 22% hair cut. According to Deo, Greece would need 100% hair cut which would then be effectively equal to 50%. Here is how he proves his …
Permanent link to this article: http://www.wealthson.com/1721/why-greece-needs-a-100-hair-cut
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Name: Hitesh