As natural resources bounced all over the charts in 2014, particularly gold, readers turned to the experts interviewed by The Gold Report for insights on what was driving these ups and downs and how they could protect themselves or, better yet, benefit from the volatility. Check out some of the most popular experts featured during the year and some thoughts you might want to consider as you prepare for 2015.
U.S. stocks are rebounding from a seven-day decline that erased $1 trillion from equity prices and coincided with a 15% drop in West Texas Intermediate crude between Dec. 5 and Dec. 16. S&P 500 energy producers tumbled 8% over the stretch.
“The committee judges that it can be patient in beginning to normalize the stance of monetary policy,” the Federal Open Market Committee said today in a statement in Washington, removing a calendar-based phrase with language that gives it more flexibility
The Dow Jones Industrial Average capped the worst week since 2011, finishing with a 100-point lurch in the final half-hour of trading, as equities tumbled around the world after crude extended declines below $58 a barrel.
West Texas Intermediate (WTI) crude oil and the Canadian dollar have been strongly correlated of late, with a 50-day correlation coefficient in excess of 0.8. Therefore, it’s not surprising to see that yesterday’s surpising buildup in oil inventories has driven both oil itself and the loonie to new lows today.