Will Obama's Package or Falling Chinese Demand Move Oil?

Source: Seeking Alpha, Henrique Simoes (12/15/08)

“Obama’s stimulus package and falling Chinese demand for oil are the most important drivers for crude oil futures in the months ahead.”

Rumors about the size of Barack Obama's stimulus package sent oil prices higher this morning. People familiar with this matter say that the stimulus package may reach 1 trillion dollars versus the half trillion considered just two weeks ago. This is very bullish for crude oil prices because it’s a very inflationary measure and is a possible real stimulus for a very depressed economy.

In China, the growth in passenger car sales has virtually stalled since last summer, after rising at double digit rates for several years in a row. Its industrial production grew at the weakest pace in nine years as export growth fell. Output rose 5.4% in November from a year earlier, compared to a growth of 8.2% in October. That is a very bearish signal for crude oil. Is this China slowdown totally factored in prices? The stimulus package and the falling Chinese demand for oil are the most important drivers for crude oil futures in the months ahead.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."