How Fed Rate Hikes Should Impact Oil Prices

Are you wondering how Fed rate hikes might impact oil prices? In isolation, monetary tightening should be a threat to oil prices for two key reasons. However, it is important to note that the market for oil is global in nature with many more factors at play, and so we should be careful to not oversimplify the matter. Nevertheless, tightening monetary policy can serve to strengthen the U.S. dollar, and a stronger dollar buys more oil per dollar. The other key impact Fed rate hikes can have on oil is due to the drag higher rates bring to the economy by raising the cost of capital. The result of any drag on an economy is a likely commensurate drag on energy demand, unless robust economic growth justifies tightening. Now, the manner in which the Fed is currently going about raising interest rates, gradually, should have limited impact and could be justified by economic growth and price inflation. Also the energy market is global in nature, and therefore, the impact of the Fed is diluted. See the whole story here: How Fed Rate Hikes Could Impact Oil Prices.

Energy Relative Shares	04-28-16
SPDR S&P 500 (NYSE: SPY)	+0.1%
United States Oil (NYSE: USO)	+0.3%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+0.0%
United States Natural Gas (NYSE: UNG)	-2.3%
Energy Select Sector SPDR (NYSE: XLE)	-0.2%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-0.4%
Market Vectors Oil Services (NYSE: OIH)	-0.2%
Exxon Mobil (NYSE: XOM)	-0.3%
Chevron (NYSE: CVX)	+0.1%
B.P. (NYSE: BP)	-0.1%
TOTAL S.A. (NYSE: TOT)	+0.0%
ConocoPhillips (NYSE: COP)	+0.3%
Phillips 66 (NYSE: PSX)	-0.6%
Occidental Petroleum (NYSE: OXY)	-0.9%
Schlumberger (NYSE: SLB)	-0.1%
Weatherford Int’l (NYSE: WFT)	-0.8%
Halliburton (NYSE: HAL)	-0.1%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

The Fortunes of Gold Must Change as the Fed Turns

As the Fed turns, or as perception of the Federal Reserve’s plans for this year change, so should gold’s fortunes. Gold has benefited significantly this year from a shift of expectations for the Fed. It is my expectation that those perceptions will turn again, but in a fashion that is detrimental to gold this time. See the whole story here, The Fortunes of Gold Change as the Fed Turns.

Precious Metal Securities	YTD Gain
SPDR Gold Trust (NYSE: GLD)	+17%
iShares Gold Trust (NYSE: IAU)	+17%
iShares Silver Trust (NYSE: SLV)	+23%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+229%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-87%
Market Vectors Gold Miners (NYSE: GDX)	+64%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+73%
Goldcorp (NYSE: GG)	+47%
Newmont Mining (NYSE: NEM)	+73%
Randgold Resources (Nasdaq: GOLD)	+49%
Barrick Resources (NYSE: ABX)	+119%
Yamana Gold (NYSE: AUY)	+126%
Gold Fields Ltd. (NYSE: GFI)	+47%
Silver Wheaton (NYSE: SLW)	+48%
Coeur Mining (NYSE: CDE)	+177%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

The State of Housing in America

When February’s Existing Home Sales were reported last month, I proposed that the very disappointing result was likely anomalous. Given various bits of evidence and my experience and familiarity with the phenomenon, I thought the significant stock market turbulence and decline to start the year caused a negative feedback loop that stalled consumer spending in February, especially for major purchases like homes. Well, March’s Existing Home Sales data was reported last week, and it produced a much improved result. Given the level of fear that pervaded through financial markets this past winter, I believe it is probable that the stock market’s strong recovery this spring is serving to reinvigorate consumer spending now. Most importantly, for the whole of 2016, we expect housing to continue to expand and sales to continue to increase for a multitude of reasons. See the whole story at The True State of Housing in America.

Sample of Housing Relative Shares

SPDR S&P Homebuilders (NYSE: XHB)

iShares US Real Estate (NYSE: IYR)

D.R. Horton (NYSE: DHI)

K.B. Home (NYSE: KBH)

J.P. Morgan Chase (NYSE: JPM)

Wells Fargo (NYSE: WFC)

MGIC Investment (NYSE: MTG)

Radian Group (NYSE: RDN)

Investors Title (Nasdaq: ITIC)

Home Depot (NYSE: HD)

iShares Mortgage Real Estate (NYSE: REM)

Invesco Mortgage Capital (NYSE: IVR)

New Residential Investment (NYSE: NRZ)

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. This article should interest investors in residential REITs like American Campus Communities (NYSE: ACC), American Capital Agency (Nasdaq: AGNC), Annaly Capital (NYSE: NLY), Apartment Investment and Management (NYSE: AIV), Apollo Residential Mortgage (Nasdaq: AMTG), ARMOUR Residential REIT (NYSE: ARR), Associated Estates Realty (NYSE: AEC), AvalonBay Communities (NYSE: AVB), BRE Properties (NYSE: BRE), Camden Property Trust (NYSE: CPT), Campus Crest Communities (NYSE: CCG), Colonial Properties Trust (NYSE: CLP), CYS Investments (NYSE: CYS), Education Realty Trust (NYSE: EDR), Equity LifeStyle Properties (NYSE: ELS), Equity Residential (NYSE: EQR), Essex Property Trust (NYSE: ESS), Hatteras Financial (NYSE: HTS), Home Properties (NYSE: HME), Maxus Realty Trust (OTC: MRTI.PK), Mid-America Apartment Communities (NYSE: MAA), New York Mortgage Trust (Nasdaq: NYMT), PennyMac Mortgage Investment Trust (NYSE: PMT), Post Properties (NYSE: PPS), Senior Housing Properties Trust (NYSE: SNH), Sun Communities (NYSE: SUI), Two Harbors Investment (NYSE: TWO) and UDR (NYSE: UDR).

A Warning to Stock Investors (Part I)

I know it doesn’t feel right, with the Dow breaking through 18,000 this week and oil prices stalwartly holding, but I think it would be wise to tread cautiously here. Stocks have a variety of factors in play, some more important than others. With this report, I want to discuss one important fundamental support that I believe is cracking. Oil price conviction could be tested near-term. The failure of petroleum producers to coordinate a production freeze threatens to morph into a greater battle for market share that includes increased production. Also, I expect the European economy to deteriorate due to extraordinary costs upon it now, and that to pressure oil prices as well. If the support of stable to rising oil prices is removed from under stocks, old concerns about lender risk and economic impact should come back into U.S. investor focus. History has shown us that such a focus is not good for stocks. See the full story at A Stark Warning to Stock Investors (Part I).

Security Sector	04-20-16
SPDR S&P 500 (NYSE: SPY)	+0.1%
SPDR Dow Jones (NYSE: DIA)	+0.2%
PowerShares QQQ (Nasdaq: QQQ)	+0.1%
iShares Russell 2000 (NYSE: IWM)	+0.2%
Vanguard Total Stock Market (NYSE: VTI)	+0.1%
Financial Select Sector SPDR (NYSE: XLF)	+0.8%
Technology Select Sector SPDR (Nasdaq: XLK)	+0.2%
Energy Select Sector SPDR (NYSE: XLE)	+0.9%
Health Care Select Sector SPDR (NYSE: XLV)	+0.5%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)	+0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)	-1.4%
Utilities Select Sector SPDR (NYSE: XLU)	-2.5%
Materials Select Sector SPDR (NYSE: XLB)	-0.3%
Industrial Select Sector SPDR (NYSE: XLI)	-0.2%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	+0.5%
SPDR Gold Trust (NYSE: GLD)	-0.5%
United States Oil (NYSE: USO)	+3.1%

DISCLOSURE: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

Oil Gains are Ignorant – Saudi Arabia Means Business

Oil prices are rising in ignorance. Ignoring recent statements and the actions of Saudi Arabia is probably foolish. I believe Saudi Arabia means business with regard to its defense of market share and its interest in limiting the progression of its rival to the north, Iran. As a result, recent market enthusiasm about the possibility of a supply curb via a production freeze could quickly be replaced by fear of the impact of a production increase from Saudi Arabia and others. Oil prices should correct on that eventual announcement and on other actions by Saudi Arabia as it defends market share and its place in the Middle East. See the full story via my report Oil Ignorance - Saudi Arabia Means Business.

Energy Relative Shares	04-19-16 12:25 PM EDT
SPDR S&P 500 (NYSE: SPY)	-0.1%
United States Oil (NYSE: USO)	+2.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+3.4%
United States Natural Gas (NYSE: UNG)	+4.9%
Energy Select Sector SPDR (NYSE: XLE)	+1.5%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+2.1%
Market Vectors Oil Services (NYSE: OIH)	+3.3%
Exxon Mobil (NYSE: XOM)	+0.4%
Chevron (NYSE: CVX)	+1.2%
B.P. (NYSE: BP)	+1.9%
TOTAL S.A. (NYSE: TOT)	+2.0%
ConocoPhillips (NYSE: COP)	+2.5%
Phillips 66 (NYSE: PSX)	-0.0%
Occidental Petroleum (NYSE: OXY)	+1.5%
Schlumberger (NYSE: SLB)	+1.6%
Weatherford Int’l (NYSE: WFT)	-0.6%
Halliburton (NYSE: HAL)	+2.0%

Disclosure: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

Oil Prices - Doha Disaster Means the Ruse is Up

Expect oil prices to take a big hit Monday, as the highly anticipated oil producers’ meeting in Doha fell short of the high hopes priced into oil for it. Energy ministers disbanded Sunday without a formal production freeze in place, as Saudi Arabia and Iran jostled for their national interests and market share. Crude prices started to express trepidation heading into Sunday’s highly anticipated oil producers’ meeting in Doha, Qatar. Various rumblings and rumors raised doubt about the meeting’s hopeful prospect of a formal oil freeze agreement. The worst case scenario played out and oil prices are likely to fall further as a result. See the full story at Doha Disaster - The Oil Ruse is Up.

Energy Relative Shares	April 15, 2016
SPDR S&P 500 (NYSE: SPY)	-0.1%
United States Oil (NYSE: USO)	-2.2%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-2.7%
United States Natural Gas (NYSE: UNG)	-2.8%
Energy Select Sector SPDR (NYSE: XLE)	-1.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-1.8%
Market Vectors Oil Services (NYSE: OIH)	-0.9%
Exxon Mobil (NYSE: XOM)	-0.5%
Chevron (NYSE: CVX)	-0.8%
B.P. (NYSE: BP)	-0.9%
TOTAL S.A. (NYSE: TOT)	-1.2%
ConocoPhillips (NYSE: COP)	-1.2%
Schlumberger (NYSE: SLB)	-1.2%
Halliburton (NYSE: HAL)	-0.3%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

Storm Gathering Over Gold

Gold prices dropped on Wednesday on a strengthening dollar. The greenback is not gaining yet on the big catalyst I have been looking toward, European economic softening, but rather on better economic news from China. Give Europe a chance though, as the eurozone outlook is seeing important downgrades since I issued my own warning. Eurozone decline plus China recovery would work in the dollar’s favor in a big way, and that works against gold prices. It feels like a perfect storm is gathering over gold. See the full story here at The Perfect Storm Gathering Over Gold.

Precious Metal Securities	April 14 Early Indication
SPDR Gold Trust (NYSE: GLD)	-0.6%
iShares Gold Trust (NYSE: IAU)	-0.8%
iShares Silver Trust (NYSE: SLV)	-0.1%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	-0.6%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	+0.9%
Market Vectors Gold Miners (NYSE: GDX)	-0.3%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	-0.4%
Goldcorp (NYSE: GG)	-0.5%
Newmont Mining (NYSE: NEM)	-0.7%
Randgold Resources (Nasdaq: GOLD)	-0.9%
Barrick Resources (NYSE: ABX)	-0.9%
Yamana Gold (NYSE: AUY)	-1.0%
Gold Fields Ltd. (NYSE: GFI)	+0.2%
Silver Wheaton (NYSE: SLW)	-0.6%
Coeur Mining (NYSE: CDE)	-0.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).