It’s gearing up for the next round of financial crisis. While our so-called leaders have enjoyed their annual back-patting exercise at Davos, I have become exceedingly alarmed by what’s currently going on in the commodities markets. Food, energy and metals have all sky-rocketed during the last five or so months. While the financial markets have… Continue reading »
I know it’s been a while, but the sequel to the broken Oil Price Widget is now here. The new widget not only shows the oil price, it shows a set of other futures, currencies and indices as well. I named it the Commodities Widget, even though some of the things it shows are not… Continue reading »
Maphacker (noun) – A player who uses a hack to see the entire gaming field, giving him an unfair advantage. The word maphacker is so catchy, though, that I would like to apply it in a much broader sense. I will try to start a trend, and have maphacker become part of our common vocabulary. Also, I will list… Continue reading »
Maybe the weak US dollar can explain the recent increase in the price of oil? If this is the case, then the price of oil measured in a stronger currency, such as for instance the euro, should remain roughly the same. Let’s have a look at it: From January 1, 2007 to May 1, 2008, the… Continue reading »
I have to admit it: I’m a speculator. I own shares in the United States Oil Fund (USO). I even own call options on USO. Needless to say, I have made a nice return so far. You have probably heard that speculators are driving the price of oil up. It’s all over the news. The recent run-ups have nothing to… Continue reading »