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Archive for the Uncategorized Category

Oil Climbs Over $100 -

Oil climbed over $100 a barrel in early trading on Wednesday for the first time since July 26th.  Oil has risen on positive economic figures such as industrial production and October retail sales.  However, the strength of the Dollar may slow increases in crude oil.

To read a related CNN Money article, please click here:

http://money.cnn.com/2011/11/16/markets/oil_prices/index.htm?iid=HP_LN

James Sutliff

Crude Ends Week Lower -

Crude oil ended the week with traders taking gains and sending crude prices lower for the day.  Crude oil fell to $93.32 a barrel after gaining almost 7% since October 21st. A decline in Japanese factory output also weighed on prices.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-10-28/oil-pares-biggest-weekly-gain-since-march-as-japan-output-falls.html

James Sutliff

European Rescue Fund May Increase -

The European Financial Stability Facility may be increased to $2 trillion Euros.  The potential increase sent the Euro higher in morning trading.  Currencies that fell slightly in trading are the yen, Dollar, and Swiss Franc.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-10-18/euro-drops-versus-most-peers-on-spain-rating-downgrade-confidence-data.html

Jim Sutliff

Euro & Gold Decline -

The Euro declined in trading after a spokesman for German Chancellor Angela Merkel indicated that the debt crisis would not be resolved in the next few weeks.  The news also sent crude oil and gold prices lower in trading on Monday.

To read a related Wall Street Journal article, please click here:

http://online.wsj.com/article/BT-CO-20111017-711244.html

James Sutliff

IMF Plan Opposed -

The United States opposed a plan to almost double the size of the International Monetary Fund.  Currently, the fund has $380 billion in resources.  Shareholders opposed to the plan included Japan, China, Germany, Canada, and Australia.

To read a related Reuters article, please click here:

http://www.reuters.com/article/2011/10/14/us-g-idUSTRE79C74G20111014

Jim Sutliff

Greece Missing Deficit Target -

A draft budget sent to the parliament indicates that Greece will miss deficit targets set in the bailout program.  The budget news sent stocks lower and raised concerns for euro zone debt.  The Euro may come under pressure in the next few weeks as traders seek safer investments.  

To read a related Reuters article, please click here:

http://www.reuters.com/article/2011/10/03/us-eurozone-idUSTRE79211720111003

Jim Sutliff

Stocks Post Strong Week -

The Dow Jones Industrial Average rose for a fifth straight day and posted their longest winning streak since early July.  The Dow settled at slightly higher than 11,500 after climbing 75.91 points in trading.  In addition, the Nasdaq also posted a gain and was up 6.3 percent from last week.  The Federal Open Market Committee meeting takes place next week and could be a market mover.  Quantitative easing may be discussed during the meeting.

To read a related MarketWatch article, please click here:

http://www.marketwatch.com/story/us-stock-indexes-rise-for-fifth-day-2011-09-16?link=MW_story_latest_news

Jim Sutliff

Dow Jones Posts Strong Gains -

The Dow Jones Industrials gained almost 170 points and capped the best week of trading in two years.  The gain was a great start for july and the fifth straight day of gains for the Dow Jones.  Although trading volume was light, the gains were broad based with five stocks rising for every stock that declined.  Investor confidence increased after the release of strong manufacturing data.

To read a related Reuters article, please click here:

http://www.reuters.com/article/2011/07/01/us-markets-stocks-idUSTRE75512M20110701

Jim Sutliff

Crude Oil Tumbles -

Crude oil tumbled for a second straight day falling to $106 dollars a barrel.  Crude oil has fallen almost $7 dollars in two days over economic growth concerns.  Oil related stocks also fell in trading but may rebound after earnings reports are released later in the month.

To read a related MarketWatch article, please click here:

http://www.marketwatch.com/story/us-stocks-close-lower-as-oil-prices-sink-alcoa-leads-fall-2011-04-12

Jim Sutliff

Natural Gas Producers Short Positions -

Producers of natural gas increased their net short positions by almost 10% in the seven day period ending January 18th.  The increase in futures and options positions by producers can be an indication that producers expect falling prices in the near term.  Near record output is expected and that may cause a price drop as inventories rise in the coming months.   

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-01-24/producers-boost-bets-against-natural-gas-most-since-2008-energy-markets.html

Jim Sutliff

Movie Investing -

Investing in movies can be very risky but it still draws a great deal of interest.  For some investors, the value of calling yourself a movie investor can overcome the risks associated with the business.  The Wall Street Journal has a great article on this lesser known investment vehicle.  It even briefly discusses the tax credits that can help finance the ventures.

To read the Wall Street Journal article, please click here:

http://online.wsj.com/article/SB10001424052748704032704575268452481665076.html?mod=WSJ_hpp_sections_personalfinance

Jim Sutliff

Oil Hits $140 -

Oil moved past $140 today on comments by OPEC that it could go well above $150 before the end of the year.  This is different than the opinions of refinery executives who started buying their own shares.  Insider purchasing by refineries is a sign that oil will decline in costs.  Refineries make their money on a crack spread and need lower oil costs to be profitable.

To view a related article, please click here:

http://news.yahoo.com/s/ap/20080626/ap_on_bi_ge/oil_prices

Jim Sutliff

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