Authored by Dave Forest via OilPrice.com,
Big disappointment in the global natural gas industry this week, with majors Total and Eni coming up largely dry in a much-anticipated well offshore Cyprus.
But elsewhere things are turning extremely bullish for natgas. With one of the world’s fastest-emerging energy consumers scrambling to get all the supply it can.
India.
Unhappy about the 30% decline in Bitcoin (after it has rallied 545% year-to-date), then how about this mystery bubble stock?
It has the same attractive vertical chart pattern...
It's now more expensive than Bitcoin - so that must be good...
But you better hurry, because it seems that as Bitcoin collapses, so 'investors' are rushing into this mystery bubble stock...
What is this mystery bubble stock? Simple, see here.
Having surged earlier in the day following an unexpectedly hawkish BOE statement, moments ago GBPUSD jumped to fresh session highs after BOE Governor Mark Carney said the pound's decline is boosting prices, and added that he’s among the majority of MPC with view that policy may need to be tightened in coming months. Some other comments:
The $USD continues to collapse. As we write this, it has taken out critical support and is well on its way to unwinding ALL of the gains from its 2014 bull market.
As the $USD collapses, it’s going to unleash a TSUNAMI of inflation into the financial system. Already the Fed’s sticky price inflation (the BAD kind) has risen above its target 2%. Indeed, as of its latest reading, sticky price inflation is clocking in over 3%.
This is going to be like rocket fuel for inflation trades. Smart investors will use this trend to make literal fortunes.
We warned two weeks ago that China's "Bronze Swan" was looming as the crackdown on leverage in the system by Chinese authorities may be forcing unwinds of the CCFDs - thus putting upward pressure on Copper futures (unwinding short positions) and selling physical copper (which would mean procuring the physical metal before passing it on). Those effects were exactly what we had been seeing in the market until the end of August.