On CNBC's "Trading Nation," Steve Chiavarone of Federated Hermes said gold is difficult to analyze because it has no cash flows, so you're just trying to understand what the demand is going to be and that is a bit of a gamble.He finds gold's rally logical because the economic growth fell of a cliff and there was an unprecedented stimulus by central banks. Uncertainty is also high. Over the long run, Chiavarone sees stocks as a better bet than gold as we're looking toward the eventual recovery for the economy.See Also: 8 Best Investment Strategies During A RecessionBill Baruch of Blue Line Capital said he loves gold and investors need some gold in their portfolios.He noticed on its chart a bullish technical pattern called inverse head and shoulders that played out through March into April. He doesn't like to chase gold when everybody else is screaming for it. You want to...
(Bloomberg) -- In the latest sign that the oil market has gone off-kilter: crude oil is once again set to move from the U.S. Gulf Coast to Cushing, Oklahoma, reversing years of flows as tanks along the coast fill up.Enterprise Interstate Crude LLC, a subsidiary of Enterprise Products Partners LP, said in a filing to regulators Monday that it planned to start a temporary service using leased pipeline capacity after receiving interest from at least one shipper to move oil inland to America’s biggest storage hub. Enterprise plans to ship from its station in Katy, Texas, which is on its Seaway dual-pipe system, from May.The Houston-based midstream company will be offering dual-direction service on its Seaway Legacy crude pipeline until further notice using a connection to the Katy terminal, according to a person familiar with the matter. Use of this connection has varied month to month on its southbound flow, the...
Amid the coronavirus, the International Monetary Fund is projecting its worst ever economic forecast for the global economy: a 3% contraction in 2020....
Despite its best efforts, OPEC+ has failed to inject bullish sentiment into markets, with oil having now given up all of the gains it had made from the start of the month...
