I’m not a champagne guy. Neither am I a scotch or cognac guy. But I am a Diageo guy. This is the company that makes Johnnie Walker whisky and Hennessy cognac.
Gas prices are killing us. A month ago they averaged $3.76 nationwide. Now they’ve risen to $3.936. Some say this happens every year. Really, like this? I don’t think so.
What’s up with gold? Is its bullish run finally over? The price of gold peaked at about $1,900 last August. It is currently at about $1,625, a fall of 15%. Fidelity says the fall happened because gold has fallen more on signals that inflation was contained than it has risen on signals that inflation remains a threat.
The US, with Britain’s help, is planning on releasing emergency oil reserves into the market. The US government tried the same thing last summer. It released 60 million barrels, half of which came from the US Strategic Petroleum Reserve.
For a while it looked like all hell was going to break out last week…
Greece finally got its latest bailout approved on Wednesday. But both the Greek and EU sides were playing hardball. And it generated a great deal of nervousness in the markets.
I see this same scenario being played out this planting season with soybeans. Prices are already skyrocketing. So far this year, soybean futures are up 12% and are trading at a six-month high. As you can see from the chart below, prices are at their highest level since last September.
I’m a big coffee drinker. Hey, with young kids its’ hard not to be. But I’m not a coffee snob. Nor do I have much loyalty when it comes to brands.
North America’s shale gas has revolutionized the energy industry. The surge in natural gas reserves and production has completely changed the way North America plans to power itself in the future.
