well that's what the Saudis intend to do, having the pricing power. At first read it appears they are going to stick it to US Shale companies and also the countries that need the cash flow Russia, Iran, Venezuela, Rig trading at $21 a share......may you live in interesting times.
On geopolitical risks of the OPEC decision and the interesting point that US shale producers have apparently locked in price with futures contracts. How effective this is remains to be seen. http://www.telegraph.co.uk/finance/...in-shale-price-showdown-as-crude-crashes.html
Wow I cant believe the market was actually expecting the referendum to pass. Leading up to the vote a number of polls were showing 48%-54% against it.
the rally was just tremendous range, closing near the high, you bullish gold at all now ? slightly here call spreads
http://www.valuewalk.com/2014/09/kyle-bass-japan-debt-crisis-herbalife/ A few months old but the Yen trade played out perfectly for him.
Do you tend to go long a basket of 2 or more pairs (of ccy you think will outperform) or just go with 1 pair you think will do best?
Shale oil has been in focus recently. I was curious about the impact of reducing crude prices on ethanol production, given that corn output more than doubled because of biofuel use. Found this. http://theenergycollective.com/jemi...risks-opec-us-energy-security-or-clean-fuels-