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  • Schork: How You Know Top in Gold Is Near Friday, 19 Aug 2011 | 12:38 PM ET

    According to various newswire reports, Venezuelan President Hugo Chavez plans to nationalize his country’s gold mining industry and repatriate 211 tons in gold reserves from North American and European banks.

  • Schork Oil Outlook: Green Shoots vs. Steel Tubes Thursday, 18 Aug 2011 | 2:08 PM ET

    The White House confirmed that President Obama is preparing a “jobs proposal‟ which he intends to introduce to the public as soon as gets back from his vacation on Martha’s Vineyard (he’s waited 31 months, what’s another couple of weeks?).

  • Schork Oil Outlook: Better to Own Oil or Gold? Wednesday, 17 Aug 2011 | 12:09 PM ET

    Gold futures surged to a record close yesterday. Open interest in the contract for December delivery stood at 360,671 contracts as of last night and the market settled at a record $1,785 an ounce.

  • Schork Oil Outlook: Nymex Crude Back to $115? Tuesday, 16 Aug 2011 | 11:17 AM ET

    Will a flattening of the yield curve on U.S. Treasurys give a boost to oil prices? In some respects, it already has.

  • Welcome Back, Carter. Confidence amongst consumers in the U.S. plunged in August to the lowest level since the dying days of the Carter Administration. The University of Michigan’s preliminary index of consumer sentiment dropped by nearly 9 points, or 14% to 54.9.

  • Schork Oil Outlook: The Dog Days of Natural Gas Friday, 12 Aug 2011 | 3:05 PM ET

    We are now halfway through the second phase, i.e., the dog days phase, of the summer natural gas refill-season in the U.S. As noted last month in The Schork Report, this phase of the season produces the lowest injections of the cycle as peak a/c demand siphons off molecules through July and August.

  • Schork Oil Outlook: Report Almost Unanimously Bullish Thursday, 11 Aug 2011 | 10:39 AM ET

    Despite a stronger dollar and weak equities, front month WTI jumped 4.53%, the highest daily gain since May 9th and, with a settle of 82.89, a definitive settle above the 80.00 barrier.

  • Schork Oil Outlook: Still Bullish NatGas Long-Term Wednesday, 10 Aug 2011 | 11:37 AM ET

    The general market consensus is that recent weakness has not been due to an imbalance in supply, but rather weaker demand forecasts.

  • Schork Oil Outlook: Is Oil a Buy Right Now? Tuesday, 9 Aug 2011 | 11:26 AM ET

    Now let’s get this straight… in reaction to the downgrade of the creditworthiness of the U.S. by Standard & Poor’s, global equity markets tanked, gold surged to a record, oil sank and U.S. debt – the assets directly affected by S&P’s downgrade — rallied. Confused? The markets certainly are.

  • On Friday, the U.S. Bureau of Labor Statistics (BLS) showed a better than expected increase in employment. Nonfarm jobs rose by 117,000 in July and the unemployment rate fell by 10 bps to 9.1%. The BLS also upped the estimates for May and April by 112% (!) to 53,000 and by 156% (!!) to 46,000, respectively.

  • Schork Oil Outlook: Has Oil Market Bottomed Out? Friday, 5 Aug 2011 | 11:12 AM ET

    Which technical indicator did crude oil not break yesterday? We closed the Egypt/Libya contagion gap from February, the Relative Strength Index (RSI) has now crossed into over-sold territory of 18.33 and the Erlanger Trend Direction crossed from a red bar above the center line (a pull-back) to a red bar below the center line (a downtrend).

  • Allianz Not Worried About Italy  Friday, 5 Aug 2011 | 10:35 AM ET

    "We are not worried about Italy, we think this is a panic and unfounded fear," Oliver Baethe, chief financial officer at Allianz told CNBC. He added Allianz's exposure to the peripheral debt was now "fairly limited." "We have about 5 billion euros in exposure to the peripheral countries, the largest one of that left is Spain. On all the other ones its much smaller the net unrealised losses on all of the periphery portfolio is around 700 million," he said.

  • Commodities Tomorrow  Thursday, 4 Aug 2011 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Schork Oil Outlook: Bullish Over the Very Long Term Tuesday, 2 Aug 2011 | 9:49 AM ET

    Domestic GDP growth for Q2 fell well below expectations. Is the recovery – already slow – grinding to a halt? Or was the drop in dollar terms due simply to a sharp sell-off in energy prices? While we would love to say the latter, the truth lies in parts of both.

  • CHK CEO Talks Future of Nat Gas  Monday, 1 Aug 2011 | 6:15 PM ET

    Chesapeake chairman & CEO Aubrey McClendon, discusses what role natural gas would play in potential US energy independence.

  • Schork Oil Outlook: Follow the Money Friday, 29 Jul 2011 | 10:29 AM ET

    Over the last month implied volatility in the oil market, as measured by the CBOE’s oil volatility index (OVX), had trended steadily lower. The reduction in the costs of uncertainty, as it were, is a function of the one-sidedness of the bullish trend over this period.

  • Schork Oil Outlook: $120 Oil—What Are the Chances? Tuesday, 26 Jul 2011 | 10:26 AM ET

    Another clear sign that attempts by oil-consuming nations to manufacture lower prices (without addressing long-standing structural constraints in physical cost drivers) has failed miserably.

  • An increase in summer driving, particularly in the northeastern U.S., provided "a nice pickup in demand" for gas prices, Gulf Oil CEO Joe Petrowski told CNBC Monday.

  • Commodities Tomorrow  Wednesday, 20 Jul 2011 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • WTI prices broke past the 99.00 level on the day, but was this due to the DOE report or Ben Bernanke?