Kimberly Rios joined Catalyst Capital Advisors as a Portfolio Manager in 2014. She is currently a Portfolio Manager of an options-based commodity fund at Catalyst Funds. She carries the Series 3 license, the Chartered Financial Analyst (CFA) Designation, the Chartered Market Technician (CMT) designation, and is a member of the National Futures Association. Ms. Rios has degrees in Economics and Finance from the University of Arizona.
Gold bugs have had quite a year so far. After years of consolidation, the price of gold moved over 20% from January 1, 2019 to its peak in early September. Most of those gains have stayed. However, during the past seven trading days, gold has fallen 4.8%.
Trade talk updates between the U.S. and China have had agriculture prices bouncing up and down lately. Much of the news has been focused around soybean purchases, which pull corn prices up temporarily. However, the gains have not been able to hold, nonetheless.
Portfolio Manager Kimberly Rios Interviews Phil Flynn, a Fox Business news contributor and Sr. Energy Analyst from Price Futures group, to discuss the recent oil events and price action.
As you’ve read and seen already, Saturday’s attack on Saudi Arabia’s oil facilities, including a processing plant, is the largest disruption to oil supply that the markets and world have seen in recent times.
Even after crude oil’s reported reserves draw of over 10-million barrels (mb) reported when estimates were near 2 mb, the price of oil has still not been able to hold a substantial rally.
The yellow metal gold has received much attention lately after being “neglected” for so many years. Gold’s advance has reached the highest closing price since 2013. Multiple factors can attribute to the rise.
The markets have been whipsawing at break-neck speeds over the past two weeks, and the chaos is not isolated to equities. We viewed other sectors for comparison, and thought the findings may be of interest to others.
The markets are fairly behaving ahead of the Europe and U.S. interest rate announcements. There’s nothing too specific in the charts to write about, so I’ll take this time to share a little from the Traders Expo in Chicago that I attended this week.
. Looking at charts for possible signs of price exhaustion or biases for any indication on movements can be helpful. Currently, multiple factors have aligned to support a negative lean for oil prices.