Saudis’ oil supply cuts to boost prices risk revival of US shale industry – They will continue to cut production to increase demand.
Saudi Arabia’s dream of securing a US$100 billion ($136b) windfall from the IPO of Aramco may be clouding its judgment. The kingdom needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude. Using its clout to restrict global supplies and pump up the cost of its barrels makes the mega-offering look more appealing, but the move has also revived the kingdom’s biggest enemy in the form of US shale oil. Read More @ http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11983504&ref=rss
Gold price – GBP and USD rate per gram after a strong start 2018. Analysts and traders remain cautious on how long gold’s upward trend will hold –
GOLD retains its title as one of the world’s most precious metals because it is a “crisis commodity”.
The metal, frequently used as a global physical currency, holds value in geopolitical and financial times of uncertainty. Here is the latest on the striking metal… Read More @ we are positive for Gold this year – 1480 thats our price. https://www.thesun.co.uk/money/5258533/gold-price-today-rate-gram-gbp-usd-january-26-2018/
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