Commodities Archives

Big Jump in Oil Prices on the Horizon

Nothing lasts forever including low oil prices. The price of crude oil has been at historically low prices for several years now and for some investors these prices are looked at as the new norm. But volitility is everywhere in the markets and some experts predict a major shift is coming soon.

“Perfect storm” is a terrible way to start a title. It sounds cliche, unoriginal, and attention grabbing, but that’s exactly what we believe will happen – the perfect storm is coming.

The foundation for why we believe oil prices will rise higher are based on the following theories:

  1. Overconfidence in the U.S. shale industry, which leads to capital expenditures being diverted from supplies that would have guaranteed more stable long-term supplies to short-cycle supplies;
  2. Lack of capital investments in global oil supplies, resulting in faster decline rates;
  3. Years of low oil prices fueled demand spikes that will be inelastic to oil price rises in the future;
  4. The fall in the U.S. dollar is a natural boost to global demand; and
  5. High storage leading to complacency on geopolitical risks boiling in the Middle East.

The fifth item above is just a matter of time. With relatively low global supply disruptions in the oil markets today, it can almost be forgotten that there are conflicts in the Middle East, but that’s exactly what we are seeing. The premise for oil prices to move higher is not contingent on war, nor does it require there to be war. But a close study of the geopolitical landscape of the Middle East causes us to arrive at a different conclusion.

In this article, you will see a step-by-step walk-through of how we are envisioning the world’s response, and how the U.S. shale landscape will play out.

U.S. Shale: The Shine Is Fading

Central to the “lower for longer” thesis is the ability for U.S. shale producers to push the global oil markets back into oversupply the moment oil prices rise. The consensus represented by big Wall Street banks says that at $60/bbl or $70/bbl, U.S. shale can grow – and not just a few 100k b/d either, but 1 million b/d year over year. As the story goes, if demand grows at 1.2 million b/d, that doesn’t leave much room for other producers to grow. As such, oil prices will remain range-bound.

 

On paper, this theory sounds attractive. “Lower for longer” – it allows the strongest shale producers to raise external capital, which then translates into fat investment banking fees. It’s a win-win, right? Wall Street banks get paid their underwriting fees, and U.S. shale producers get to drill.

Not so fast. Does U.S. shale have the potential to throw the world back into oversupply?

The shine on the U.S. shale industry began to change at the start of 2017. Even as oil prices remained resilient, U.S. shale producers saw their equity prices decline by more than a quarter. External financing essentially ground to a halt, with a dismal $6 billion raised this year. Why would you raise equity when your stock price has halved, right?

Then came the EIA 914 monthly surveyed production reports. People started to ask questions, like “where’s the shale growth?”

Some supporters of the “lower for longer” thesis will say, “Well, oil prices dropped, so that’s why production disappointed.” But those who have used that excuse as a reason are disregarding the fact that for the first six months of 2017, WTI averaged $50/bbl – smack in the middle of where the “shale band” is supposed to be.

There’s a saying that bad things happen in threes. Well, EIA’s latest STEO said that U.S. crude production should be 9.24 million b/d in July and 9.2 million b/d in August. That’s greatly understating where the weekly productions are, and puts U.S. oil production as essentially flat for the last eight months – a fact that will soon be impossible to refute by the “lower for longer” crowd.

The third bad thing to happen to the U.S. shale story will be the dismal well performances in Eagle Ford. We wrote in our flagship report, “Shattering The Consensus View On U.S. Shale,” that the premise that Eagle Ford production will grow rapidly will prove to be where the “lower for longer” crowd downfall stems from.

 When thinking about the U.S. shale industry, there’s one important insight to remember: In order to grow, you need to drill and complete more wells than you did before. Unlike conventional production, where the decline rate is low and one location can be upgraded to produce more oil, U.S. shale is like an assembly line. More and more wells need to get completed and drilled every year just to grow, and that’s where the logical issue lies.

For the Eagle Ford to complete and drill more wells, it will compete against the Permian for workers. Think about it for a second: Why would service crews go to Eagle Ford when the Permian pays more? How does Eagle Ford then attract the attention needed to get the workers to come? It’s all about the Benjamins, and that will inherently push the shale “breakeven” higher.

On Friday, we read an interesting report by Rystad Energy. The report noted that the EIA’s recent downward revision for U.S. oil production was in line with its original estimate. We checked their May oil market report and saw that that was flat-out false.

 

Read more on rising oil prices

Investing in Gold Using Correlations? Beware

Gold

The Markets are just too complex to base your trading on only one set of rules, for example if “X” happens then you should invest in “Y”. There’s always more to it when it comes to being a successful investor. So, if one so called investment expert says that if the GDP is heading down, you should buy Gold. Uh, maybe… 

Of late, I have seen many articles postulating what moves gold up or down. We have heard all the old reasons being put forth from GDP, to a hedge against market volatility to interest rates, to the US Dollar, and many more. Unfortunately, market history simply does not support these reasons as a consistent driver of gold, as I have detailed in many past articles:

In fact, a recent article on gold suggested that “[w]e all know that gold is negatively correlated to GDP growth.” Well, since gold rose between 2000-2008, and as you can see from this attached chart that REAL GDP did as well, are we really sure that we “all know that gold is negatively correlated to GDP growth?”

In fact, take note that the stock market also rose strongly during this same period of time. Moreover, I have seen many other charts presented which offer no evidence that there is any real relationship between gold and GDP.

I have discussed this many times in the past. Correlations cannot be wholly relied upon unless you understand when those seeming correlations will end. And, since most correlation analysis does not present any indication of when those correlations will end, they are no better than using a ruler to determine your projections for any chart.

Such linear analysis will be of no use in determining when a change of trend may occur. And, one does not need such analysis to assume the current trend for anything will continue. In fact, this is likely why so many intra-market analysts have done so poorly in the last 5 years as they failed to see the coming break down in the correlations they follow (even though we were warning about these impending break downs back in 2015).

Price pattern sentiment indications and upcoming expectations

For those following us for the last six years, you would remember that we were not only accurate in our assessment for a top being struck in the metals complex in 2011, but we were also accurate in our assessment for a bottom being struck at the end of 2015.

Since that time, the market has provided us with what looks like a very nice 5-wave structure off the 2015 low, followed by a corrective pullback. Now, when I see a larger degree 5-wave structure (wave 1) being made off a multi-year bottom, followed by a corrective pullback (wave 2), I am on alert for the heart of a 3rd wave to take hold. And, in the metals complex, those are quite breathtaking rallies. For this reason, I have erred on the bullish side of the market as the market was looking like it was setting up for that 3rd wave in 2017.

However, rather than providing us the 3rd wave rally for which I was seeking confirmation, 2017 has been exceptionally frustrating as the market has invalidated several set-ups for that major 3rd wave break out.

Yet, when presented with the same opportunities on any chart, I would have probably reacted in the exact same fashion. Most of the time, the market will follow through on such set ups, while in a minority of circumstances we would see the market continue on a much larger degree 2nd wave pullback. Clearly, the market has decided that 2017 was going to be a year of consolidation.

Even though we have not had the 3rd wave break out, we have not yet broken any of the lows we identified throughout the year. And, for those that have heeded my warnings about not using leverage until the market proved itself to be within its 3rd wave, you could have still made money on each of these rallies. In fact, the GDX is approximately 10% over the lows we identified this year, even though it may not “feel” that way due to the frustration we have all felt with this current consolidation.

 However, as I have been warning for the last few weeks, the GDX may be signaling it could break below those pullback lows we have struck this year. But, much depends on how high the rally I am expecting in the complex takes us.

If the GDX is able to make a higher high in the 26 region in the coming weeks, then it leaves the door open that green wave (2) may not break below the July lows. However, if the market is unable to develop a higher high over that struck in September, and then breaks below the low made before the current rally began, it opens the door to the GDX dropping down towards the 17 region before year end to complete a much more protracted wave ii, as presented in yellow on the daily GDX chart.

My preference still remains that GDX, silver and GLD all make a higher high in the coming weeks, which would put a more bullish stance upon the complex (even though another drop will likely take us into the end of the years), I really have nothing to which I can point that would suggest this will occur within a high degree of probability.

So, I have turned extremely cautious of the complex, at least until it proves itself with a higher high being struck in the coming weeks. Until such time, I am going to be more protective of my positions.

And for those who are still viewing this market from an extremely bullish perspective, I will be honest with you and tell you that I do not see any high probability set-up which would suggest the market is going to imminently break out in the heart of a 3rd wave just yet.

For this reason, I think that one can maintain a certain amount of patience (as if 2017 has not forced you to be patient enough), as even if we see a rally to a higher high, it will likely be followed by another pullback (as a wave (2) in GDX and a c-wave in GLD and silver) before we are finally ready to break out over the 2016 market highs.

More on Gold Investing

 

Can Halliburton Keep the Streak Going?

Halliburton

One of the top providers of services for the oil industry has been beating earnings projections for about three years straight now and it shows no signs of doing anything differently now. The last quarter report raised some eyebrows with a significant earnings report and some of the experts are expecting more of the same. 

Major oilfield service provider Halliburton Company (HAL) is scheduled to report its third-quarter earnings on Monday, Oct 23, before market opens.

In the preceding three-month period, the company delivered a positive earnings surprise of 21.1%. Moreover, both Halliburton’s segments – Completion and Production, as well as, Drilling and Evaluation – reported revenues slightly better than our estimates thanks to improved utilization and pricing gains in North America.

On a further encouraging note, the world’s second-largest oilfield services company after Schlumberger Limited (SLB) has an incredible history when it comes to beating earnings estimates. Investors should note that Halliburton hasn’t missed earnings estimates since mid-2014.

mportantly, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells is likely to maintain this trend in the third quarter. Evidently, multiple tailwinds including the recovery in commodity prices have buoyed the entire space.

With U.S. activity accelerating and margins set to remain strong, Halliburton’s underlying results are likely to come ahead of our expectations. The positive sentiment surrounding the stock can be gauged from the fact that the estimate revision trend has been solid with eight upward estimate revisions and just one down in the last two months.

Consequently, the stock has done better than the peer group so far this year; it is down 17.5% in 2017 as against 30.2% loss for the Zacks Oil and Gas Field Services industry.

Let’s delve deep to find out the factors likely to impact Halliburton’s third-quarter results.

A Likely Positive Surprise?

With U.S. rig count falling to record levels last year, oilfield services players (like Halliburton) were hit hard. Unprecedented declines in activity levels and a sharp fall in upstream spending led to lower revenues and pricing headwinds.

However, as commodity prices steadily improve and drilling activities pick up, the market for services companies is on the mend. Though we are still not anywhere near the activity highs seen in 2014, spending on exploration projects have experienced a much-awaited rebound. The energy explorers, buoyed by the jump in commodity prices, are set for improving sales and earnings – a part of which is likely to be pocketed by the long-struggling oilfield service providers.

In fact, during last quarter’s earnings release, the company also sounded optimistic in its view that the North American land market is improving rapidly, driven by increased utilization and pricing – particularly for pressure pimping.

As a proof of the resurgence in activities, the Zacks Consensus Estimate for third-quarter Completion and Production revenue is pegged at $3,430 million, much higher than $3,132 million reported in the second quarter of 2017. Sales in the Drilling and Evaluation unit is forecasted to be $1,888 million, more than the prior quarter figure of $1,825.

We also appreciate Halliburton’s successful cost-management initiatives in the midst of weak oil prices over a length of time. Last year, the company successfully implemented on its plan of pruning annual costs by $1 billion. In fact, Halliburton has used the challenges prevailing in the industry to its advantage, mainly by offering low cost solutions that aids producers in churning out more by investing less.

See more on Halliburton

 

U.S About to Become a Buyer in Gold Market?

Gold Investments

It’s not as far fetched as you might think.

One source predicts that it could happen

within the next one  to three years.

History actually shows that it has

happened in the past and it looks like it’s

ready to come about again. We could see

the price of Gold skyrocket to over $5,000

per ounce.

 

A huge new buyer is about to enter the gold market. That could be a year off, maybe two, or three at the most.

I’ll give you a hint who: your taxes will pay for it. If true, it could send the price of the barbarous relic soaring above $5,000 an ounce, a target long led by the Armageddon crowd.

When I spoke to a senior official at the Federal Reserve the other day, I couldn’t believe what I was hearing.

If the American economy moves into the next recession with interest rates already near zero, the markets will take the interest rates for all interest bearing securities well into negative numbers. At that point, our central bank’s primary tool for stimulating US businesses will become utterly useless, ineffective, and impotent.

What else is in the tool bag?

How about large-scale purchases of Gold (GLD)?

You are probably as shocked as I am with this possibility. But there is a rock-solid logic to the plan. As solid as the vault at Fort Knox.

The idea is to create asset price inflation that will spread to the rest of the economy. It already did this with great success from 2009 to 2014 with quantitative easing, whereby almost every class of debt securities were hoovered up by the government.

“QE on steroids”, to be implemented only after overnight rates go negative, would involve large scale purchases of not only gold, but stocks, government bonds, and exchange-traded funds as well.

If you think I’ve been smoking California’s largest cash export (it’s not the sunshine), you would be in error. I should point out that the Japanese government is already pursuing QE to this extent, at least in terms of equity type investments.

And, as the history buff that I am, I can tell you that it has been done in the US as well, with tremendous results.

If you thought that President Obama had it rough when he came into office in 2009, it was nothing compared to what Franklin Delano Roosevelt inherited. The country was in its fourth year of the Great Depression. US GDP had cratered by 43%, consumer prices crashed by 24%, the unemployment rate was 25%, and stock prices vaporized by 90%. Mass starvation loomed. Drastic measures were called for.

FDR issued Executive Order 6102 banning private ownership of gold, ordering them to sell their holding to the US Treasury at a lowly $20.67 an ounce. He then urged congress to pass the Gold Reserve Act of 1934, which instantly revalued the government’s holdings at $35.00, an increase of 69.32%. These and other measures caused the value of America’s gold holdings to leap from $4 to $12 billion.

 

More on Gold

Best Choice for Dividend Safety in Large Cap Oil

There’s a clear winner for dividend safety, longevity and steady increases in the big oil sector.This company has grown its dividend at  an average rate of over 7% every year for the last 20 years and it also has been able to increase that dividend no matter what the price of oil has been.

In this article, I will be searching for the one large oil company that has the safest dividend. With oil prices continuing to fall towards the $30 level, it is important to see how much flexibility companies have when it comes to their ability to continue paying their dividend. I will be using a similar process as I used for an article I wrote last month after Kinder Morgan (NYSE:KMI) cut its dividend to determine which major oil company has the safest dividend.

Screening Process

I used the FinViz stock screener to find my initial list of companies that are profitable and have outperformed the global energy sector ETF (NYSEARCA:IXC).

Screen Criteria

  • Industry: Major Integrated Oil & Gas, Independent Oil & Gas
  • Dividend Yield: Positive
  • PE: >1 [Profitable]
  • Market Cap: > $10 billion

Screen Results & Elimination

After running the screen, I found fourteen companies that met these criteria.

Eliminations

Now that I had my initial list of large oil companies, I looked at the dividend history of each company and eliminated those companies that have had a dividend cut after the top in oil in 2008. In addition, I also excluded EPD because it is an MLP and I already covered it in my article on MLPs. Like with my MLP article I eliminated any remaining stocks that have underperformed the global energy market over the last year, as represented by the iShares Global Energy ETF [IXC].

Read more from Brad Kenagy

 

 

 

Zacks Reveals Best Oil Stock to Buy Now

The top dogs in the oil business, Chevron, BP and Exxon have been taking a beating lately with crude oil prices in the $40 per barrel range but no need to feel sorry for them, they haven’t switched to driving Yugo’s. Yeah, they’re still making money but it’s a bit tougher for the average investor to cash in with oil stocks, unless you can think a little differently. Dave Bartosiak has a better idea.

I get the question “What are the best oil stocks to buy?” all the time. Recently I’ve been asked that more and more as oil continues to drop. For some reason Americans love oil. Even more, they love oil stocks. We’ve been pounded over the head so much with “peak oil” theories and talk of oil going up forever that the thought of a new paradigm in oil prices is just beyond us.

Don’t think that the bottom for oil is in. There is new supply coming online daily, a weak Chinese currency isn’t going to help, and neither will changes on the demand side of the equation. If you’re looking to pick that bottom, good luck. The problem with trying to pick bottoms is you can only be right once, but you can be wrong a lot of times.

 


See full post from Dave

Oil and Gas Stocks Best Bets

Oil stock prices continued heading south but one investor is betting big time on gas futures, spending about $1 Billion for just over 19 million shares. 

It was a week where oil prices tumbled to their lowest close in more than 4 months but natural gas futures gained for the first time in 3 weeks. On the news front, the top story came from billionaire investor Carl Icahn’s 8.18% stake buy in natural gas exporter Cheniere Energy Inc.

Overall, it was a mixed week for the sector. While West Texas Intermediate (WTI) crude futures dived 6.9% to close at $43.87 per barrel, natural gas prices gained 3% to $2.80 per million Btu (MMBtu). (See the last ‘Oil & Gas Stock Roundup’ here: Crude Slump Batters Exxon, Chevron Profits.)

Oil prices extended their losing streak and fell for the sixth straight week, the backdrop being another increase in the number of crude-directed rigs. An upwardly moving rig count has underlined concerns about an expansion in the commodity’s global supply glut. The recent turn of events in Greece, Iran and China also created pressure. Finally, a stronger dollar has made the greenback-priced crude more valuable for investors holding foreign currency.

Meanwhile, natural gas fared much better amid predictions of strong summer cooling demand with majority of the central and southern U.S. reeling under extreme heat. The U.S. Energy Department’s weekly inventory release – showing a smaller-than-expected increase in the commodity’s supplies – also helped to push up prices.

Recap of the Week’s Most Important Stories

1.    Shares of Houston-based natural gas company Cheniere Energy Inc. jumped more than 8% following the announcement that Carl Icahn has taken a 8.18% stake in the company. The activist investor spent slightly more than $1 billion to accumulate 19.4 million shares of Cheniere Energy.

 

Zacks comments on Oil & Gas

 

Commodities Ready for Rebound?

The picture for the Commodities Markets in the last month shows some pretty bleak numbers.  Precious metals, Oil, Ag and Livestock are all down, down and down. But we all know that nothing lasts forever, not even bad news.  Here’s the report below from Credit Suisse Asset Management

Commodities were lower in July, driven by macroeconomic factors and supply fundamentals, according to Credit Suisse Asset Management.

The Bloomberg Commodity Index Total Return performance was negative for the month, with 21 out of 22 Index constituents trading lower.

Credit Suisse Asset Management observed the following:

  • Energy was the worst performing sector, down 14.47%, led lower by WTI Crude Oil. In addition to continued increased OPEC production, towards the end of the month there was also a slight rise in U.S. rig counts.
  • Agriculture decreased 11.11%, led lower by Kansas City Wheat and Chicago Wheat as limited rainfall in the U.S. Midwest supported harvest progress. Sugar also weighed on the sector as recent rainfall in Thailand contradicted expectations that El Nino would limit sugar crop growth.
  • Industrial Metals declined 7.30%, led lower by Copper as concerns that the recent volatile decline in the Chinese equity market may further dampen economic growth, decreasing demand expectations for the sector.
  • Precious Metals ended the month 6.37% lower. Improved U.S. economic data, including lower jobless claims and higher housing starts, bolstered expectations that the Federal Reserve may raise interest rates later this year as the economy continues to recover. The prospect of higher interest rates strengthened the U.S. dollar and reduced safe haven demand for gold and silver.
  • Livestock decreased 2.17%, led lower by Live Cattle, as the United States Department of Agriculture reported further supply increases compared to the same time last year.

Nelson Louie, Global Head of Commodities for Credit Suisse Asset Management, said: “Major macroeconomic headlines, such as the Greek debt negotiations and the decline in Chinese equity markets, raised global growth concerns. Although the turmoil surrounding the impasse in Greece impacted consumer confidence across the Eurozone, preliminary Purchasing Managers’ Index data showed that economic growth in Europe only lost slight momentum in July. The European Central Bank’s easing measures may continue to support future growth prospects. In China, economic data reflected declines in the manufacturing sector amid decreased consumer demand and weakened equity market conditions. However, the Chinese government has also shown resolve in its commitment to supporting the economy through various stimulus measures.”

Christopher Burton, Senior Portfolio Manager for the Credit Suisse Total Commodity Return Strategy, added, “Meanwhile, in the U.S., inflation expectations remain below the U.S. Federal Reserve’s 2% target. However, the pace of economic progress in the U.S. versus the rest of the world increased expectations of divergent central bank policy. Macroeconomic factors may also continue to affect commodity demand expectations. So far, in the current phase of the business cycle, most U.S. asset classes have outperformed relative to non-U.S. asset classes. Central bank efforts may broaden the economic recovery into other regions, which may be supportive of commodity demand longer-term.”

About the Credit Suisse Total Commodity Return Strategy

Credit Suisse’s Total Commodity Return Strategy is managed by a team with over 28 years of experience, and seeks to outperform the return of a commodities index, such as the Bloomberg Commodity Index Total Return or the S&P GSCI Total Return Index, using both a quantitative and qualitative commodity research process. Commodity index total returns are achieved through:

  • Spot Return: price return on specified commodity futures contracts;
  • Roll Yield: impact due to migration of futures positions from near to far contracts; and
  • Collateral Yield: return earned on collateral for the futures.

As of July 31, 2015, the Team managed approximately USD 10.0 billion in assets globally.

Credit Suisse AG

Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,000 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

Important Legal Information

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

Certain information contained in this document constitutes “Forward-Looking Statements” (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe”, or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.

Certain risks relating to investing in Commodities and Commodity-Linked Investments: 

Exposure to commodity markets should only form a small part of a diversified portfolio. Investment in commodity markets may not be suitable for all investors. Commodity investments will be affected by changes in overall market movements, commodity volatility, exchange-rate movements, changes in interest rates, and factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Commodity markets are highly volatile. The risk of loss in commodities and commodity-linked investments can be substantial. There is generally a high degree of leverage in commodity investing that can significantly magnify losses. Gains or losses from speculative derivative positions may be much greater than the derivative’s original cost. An investment in commodities is not a complete investment program and should represent only a portion of an investor’s portfolio management strategy.

Copyright © 2015, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

CONTACT: Justin Perras, Communications, T: (212) 538-2206; E: justin.perras@credit-suisse.com

RELATED LINKS
http://www.credit-suisse.com

A Certified Financial Planner has developed a simple system for beating the Commodity Markets on a regular basis and implementing his system in only about 30 minutes per day.  Fred Rouse, or “The Money Doctor” as he is called by his many students, has been focused on helping investors build up their portfolios for about 30 years and his methods include using an IRA to do your trading .

 Officially, the title of “Dr.” was bestowed upon Fred Rouse because his lifelong dedication to studying money and economics led him to achieve a Doctorate in Business Administration in Small Business Finance (DBA) and a PhD in Taxation. But, the veteran Certified Financial Planner® is proud to have earned his designation as “The REAL Money Doctor” from his Clients after years of being in the trenches, going above and beyond in serving their needs.

Since the mid-80s, his diversified Financial Management Group has helped hundreds of select individuals and small businesses of up to six employees throughout the greater Philadelphia area. With nearly 30 years of tax, asset protection, business and trading experience, he shows Clients how to reduce their taxes and structure their businesses for the maximum tax savings, asset protection and privacy.

For most CFPs, the story ends there. That was simply the foundation for Dr. Rouse, whose passion for trading commodities and the great success he has achieved in that realm over the years has earned him another key designation from students of the EOD (End of Day) Scalping Trading Course that he launched in 2010: “The Quiet Trader.”

Dr. Rouse has the “Only Complete Trading System” that was designed, tested and approved by a Certified Financial Planner® that guides students on how to double their annual income in less than 30 minutes per day. He adamantly insists that his students prove their results to themselves before risking any actual trading capital. With Dr. Rouse’s revolutionary approach to commodities trading, he believes it is possible for students to make a million dollars over the course of seven years and demonstrates exactly that in his webinar on money.

Dr. Rouse’s desire to share his vast wisdom has led him to become a bestselling author. His works include The END of YOUR EMPLOYMENT: 10 Keys to Your Ideal Business and The Real Money Doctor’s College Student’s Money Guide. He also penned a thought-provoking chapter called “The Truth” for Soul of Success, Vol. 1: The World’s Leading Entrepreneurs and Professionals Reveal Their Core Strategies for Getting to the Heart of Health Wealth and Success, a volume co-authored by Jack Canfield of Chicken Soup for the Soul® fame.

For those intrigued to learn more about the course, Dr. Rouse offers a free two-hour webinar in which he exposes eight mind-blowing “money lies” that the government, Wall Street and the banks have been concealing from average working Americans for decades about money, taxes and trading. He teaches people how to turn those lies around and exploit them into cash and a secure financial future for themselves and their families, so they never have to worry about money again.

Explaining the essence of the program, Dr. Rouse continues: “What the system does is simply have you review the chart to see if one line crosses the other line. If the conditions are met then, the system gives you the direction and the exact price for you to get in the next day, where to get out with a profit, and where to put a stop/loss if a trade goes against you. After reviewing the results for over a year, you can generally get in and out with a profit in the same day for most trades.”

Dr. Rouse has the first and ONLY course that tells you how to trade commodities inside of an IRA and what to expect when you do. “This is the key to real long-term financial security that people just don’t know about, including most professional advisors. In fact, after close to 30 years in business, I don’t know of any trading course or any professional advisor that covers how to do this,” he states.

“The course was designed for working people that want to get ahead but just don’t have a clear way that’s working for them,” says Dr. Rouse. “I expose groundbreaking concepts and ideas that they’ve never seen before. It’s my current quest do everything I can to ensure their long term financial security and success as traders because more money gives you more options in life.”

Read more: http://quiettrader.com/blog/about/

Media Contact:

Matt Collins
Email
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Gold, Silver, Copper & Oil-Oh My!

Gold prices hit a five year low earlier this week and some have attributed the decline that Chinese investors are selling to meet margin demands.  There’s also less  Chinese demand for copper, silver,  iron , oil and palladium and that decreased demand will continue through the rest of the year. You also have to factor in the relation of a stronger US  Dollar to weaker commodity prices overall.

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