Comments by Steven Knight

Iran-Israel conflict enters sixth day, Fed decision ahead - what's moving markets

Steven Knight

Joined: 08/04/15

Comments by Steven Knight

Jun 16, 2016 5:55PM ET

Check Gold's chart...I think you will find that I was correct. Have a wonderful day!

Dec 04, 2015 4:04PM ET

I was referring to the prior meeting but it was also glaringly obvious that OPEC would not cut production this time around either and that is exactly the outcome from the meeting.

Jul 27, 2015 7:27AM ET

Interesting article Ed. I suspect that a significant meltdown in China may end up being the ultimate catalyst that plunges us back into a Global recession. When this happens, who knows. Thanks for the read.

Jul 22, 2015 3:31AM ET

Hi Abhiskek, . Thanks for your comments. I see it somewhat different...the risk of a rate rise is already partially priced into Gold and each economic metric that the market views as fueling the case for a rise appears o put the metal under pressure. However, if a rate rise is not forthcoming, the market may be forced to reevaluate their expectations which would cause some of that bearish pressure to come out leading to a rise. . . Secondly, regarding inflation...that is correct that CPI inflation is currently low and isn't of benefit to Gold. However, the mere fact of large QE tranches is indeed inflationary in the 'long run'. So although you are right that the looking into Q1 2016 provides little in the way of inflationary prospects, looking further out provides a different perspective.. . Anyway, hope that highlights my view. I apologize for being brief as I am typing this on my smart phone.. . Cheers!

Jul 21, 2015 7:56PM ET

Thanks for the kind words Brad.

Jun 14, 2015 4:58PM ET

Timing is always difficult with short term calls but I think you are going to see crude decline back towards the $60.00 mark and then likely trade between 59 - 61.

Jun 12, 2015 8:28PM ET

Hi Brad, you are absolutely right. It definitely wont last for ever and in fact I believe modelling shows some upward corrections coming in the later part of 2016 and into 2017. If the administration would remove the crude oil export ban the supply imbalance would be cleared reasonably quickly and oil would trade at a much more viable price level for domestic producers. However, that is obviously fraught with lots of variables. Unfortunately, the law of unforeseen effects applies strongly with economic and fiscal policies. :) Cheers Mate.

May 09, 2015 2:30AM ET

Hi Leo,. . Neither do I. When you couple the large inventories with cooling worldwide demand and the risk of a Chinese slowdown, it suggests to me that Crude will be heading south in price.