WANING CONFIDENCE The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand. 

Crude Oil FUTURE PRICE FELL MIDDAY Monday August 21

Crude Oil FUTURE PRICE FELL MIDDAY Monday August 21

Crude Oil FUTURE PRICE decreased 0.97 USD/BBL or 2.01% to 47.65 on Monday August 21 from 48.53
September WTI (West Texas Intermediate) crude oil (IEZ) (XES) (USL) futures contracts fell 0.1% and were trading at $48.48 per barrel in electronic trading at 2:00 AM EST on August 14, 2017. US crude oil prices are near a two-week high due to the fall in US crude oil inventories and the US refinery outage.

Crude Oil FUTURE PRICE decreased 0.97 USD/BBL or 2.01% to 47.65 on Monday August 21 from 48.53 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Oil prices fell around 1 percent on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance.

Benchmark Brent crude futures LCOc1 were down 56 cents at $52.16 a barrel at 1342 GMT, after surging more than 3 percent in the previous session.



Crude Oil FUTURE PRICE

U.S. West Texas Intermediate crude futures CLc1 traded at $48.19 a barrel, down 32 cents. The contract had also risen 3 percent in the previous session.

“We are currently seeing some profit-taking after Friday’s strong rally ahead of this week’s inventory data,” said Hans van Cleef, senior energy economist at ABN Amro.

“Fresh uncertainty about inventories and OPEC compliance (with agreed production cuts) could be enough reason to sell some of the long positions.”




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WANING CONFIDENCE The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand. 

Crude Oil FUTURE PRICES FELL MIDDAY Friday August 18

Crude Oil FUTURE PRICES FELL MIDDAY Friday August 18

Crude Oil FUTURE PRICES decreased 0.16 USD/BBL or 0.34% to 46.96 on Friday August 18 from 47.09
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/608fb1ce-83fa-11e7-94e2-c5b903247afd Prices at about $50 a barrel are less than half their average between 2010 and 2014, but strong Chinese buying has helped them recover from below $30 early last year. The oil industry, however, is worried that one of the few bright spots in the global crude market may not last, as China’s oil imports do more than feed its fast-growing network of refineries.

Crude Oil FUTURE PRICES decreased 0.16 USD/BBL or 0.34% to 46.96 on Friday August 18 from 47.09 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar.

But prices were still on track to close the week 2 to 3 percent lower after concerns about weaker Chinese oil demand weighed earlier in the week.

Crude Oil FUTURE PRICES



At 1152 GMT, benchmark Brent crude futures LCOc1 were up 6 cents at $51.09 a barrel on the day but still about 2 percent lower on the week.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 11 cents at $47.20 a barrel, although they were also set to end the week more than 3 percent lower.




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BUZ INVESTORS PRESS RELEASE Scorpion Grow Lights Future Farm Technologies Inc. (the “Company” or “Future Farm”) ( OTCQB : FFRMF ) is pleased to announce that it is sold out of its exclusive line of Scorpion LED COB Grow Lights

Future Farm Announces California Update

Future Farm Announces California Update



BUZ INVESTORS PRESS RELEASE Scorpion Grow Lights Future Farm Technologies Inc. (the “Company” or “Future Farm”) ( OTCQB : FFRMF ) is pleased to announce that it is sold out of its exclusive line of Scorpion LED COB Grow Lights

PRESS RELEASE Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) ( OTCQB: FFRMF) is pleased to announce that its subsidiary, FFM Consulting Services, LLC, is making progress in California with respect to the management services being provided to the Huntington Park extraction facility and the Riverside County cultivation facility.

Since installation of the extraction equipment at the Huntington Park facility, the team has been scaling up production and dialing in operations using various strains and types of solvents to produce high quality extraction distillates. To date, the team has acquired over 250-lbs of high quality trim material of both THC and distinct CBD strains from various organic producers located in Northern California. All of the acquired trim material is of high quality and fully tested to ensure that it is free of pesticides and microbiological contamination. This week, the team extracted the first CBD batch using organic grape alcohol resulting in a highly pure, potent, and effective medicinal product. This CBD product is suitable for patients seeking therapeutic relief from their symptoms without incurring the “high” associated with THC containing extracts.

The Company is working toward completing multiple purchase orders for its whole flower and extracted oil products that are expected to be completed in early September.



Future Farm

The Riverside County cultivation facility is progressing as well and the team will be harvesting during the end of August. The Company will be able to use this first harvest to execute a side-by-side comparison of its own LED grow lights versus the standard High Pressure Sodium (HPS) lights. The HPS lights are currently consuming 1000 watts per light whereas the Company’s LED Canada grow lights are utilizing 550 watts per light. The Company expects to use data from the harvest to better understand the savings potential per kilowatt-hour over the lifecycle of each plant.

“We are eagerly anticipating the harvest data from the cultivation facility and expect to yield in excess of 1.5-lbs per light. In addition, the extraction operations are developing well and we expect to soon provide our investors with revenue production. We have been working closely with potential customers to understand their needs to ensure that we provide them with the high-quality product that they expect. We are adjusting operations real-time to ensure we can provide them with consistent supply for ongoing long-term contracts,” says Mr. John Sweeney, Future Farm’s COO.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Future Farm Technologies Inc.

William Gildea, CEO & Chairman

About Future Farm

The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability .

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

 

 

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Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

GOLD FUTURE PRICES OPENED LOWER Friday August 18

GOLD FUTURE PRICES OPENED LOWER Friday August 18

GOLD FUTURE PRICES decreased 0.65 USD/t oz. or 0.05% to 1,288.25 on Friday August 18 from 1,288.35
Gold’s getting ready for a breakout above $1,300 an ounce and it’s not just because of investor jitters tied to President Donald Trump. “The Trump presidency is one element contributing to the generally nervous atmosphere as far as geopolitics are concerned—an important element, but not the whole picture,” said George Milling-Stanley, head of gold investment strategy at State Street Global Advisors.

GOLD FUTURE PRICES decreased 0.65 USD/t oz. or 0.05% to 1,288.25 on Friday August 18 from 1,288.35 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

Gold prices scored back-to-back gains Thursday, as weakness in the U.S. equities boosted haven demand for the precious metal and minutes from the Federal Reserve’s meeting last month pointed to concerns over sluggish inflation.



GOLD FUTURE PRICES

A rally in palladium, meanwhile, lifted futures prices to their highest levels since February 2001. The metal has scored a year-to-date gain of more than 35% amid worries about potential supply shortages and expectations for record demand.

On Comex, gold for December delivery GCZ7, -0.02%  rose $9.50, or 0.7%, to settle at $1,292.40 an ounce after touching a high of $1,296.

If gold breaks through $1,300 an ounce, he expects “a move to test decade highs made in 2011 at $1,900.” said Jeb Handwerger, editor of GoldStockTrades.com, which focuses on mining exploration companies. He also said that doubts about President Donald Trump’s legislative agenda has been bullish for gold prices, referring to the president as “a golden swan to precious metal and commodity investors who love uncertainty and volatility.”




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Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

SILVER FUTURE PRICES OPENED LOWER Friday August 18

SILVER FUTURE PRICES OPENED LOWER Friday August 18

SILVER FUTURE PRICES decreased 0.05 USD/t. oz or 0.29% to 16.99 on Friday August 18 from 17.06
Gold prices traded near session highs on Thursday after the minutes of the Federal Reserve’s July meeting showed members were concerned about raising interest rates amid a slowdown in inflation, narrowing investor expectations for a third rate hike later this year. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $7.66, or 0.59%, to $1,290.51 a troy ounce.

SILVER FUTURE PRICES decreased 0.05 USD/t. oz or 0.29% to 16.99 on Friday August 18 from 17.06 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

The story about the silver position is a topic for another piece, but a position of that magnitude provided an education and the equivalent of a Ph.D. in silver. At $4 the position was worth one billion, today that amount is worth four times as much. However, I am currently seeing signs in the market that lead me to believe that silver is on the verge of a rally that will take it to a much higher level.



SILVER FUTURE PRICES

Silver On The Verge Of A Spectacular Rally

A false break down in early July

On the evening of July 6, during Asian trading hours, a massive selling order of 40-50 million ounces of silver hit the COMEX futures market. The timing of the order was likely intentional to create a maximum impact on the price of the precious metals. The execution caused the price to move to a new low for 2017 and the lowest price since April 2015.Source: CQG

As the weekly chart of COMEX silver futures highlights, the price proceeded to decline to a low of $15.145 per ounce on the active month September contract on July 10. We have not heard so much as a peep from the Commodities Futures Trading Commission about the events of July 6 or the flash crash that occurred in the gold market on June 26 during the early hours of European trading. To me, both orders appear to have manipulation written all over them. Had Phibro operated in the silver market with orders of that magnitude during illiquid trading hours back in 1995 and 1996, I am quite sure that the regulatory body would have been screaming at the top of their lungs and significant fines and perhaps criminal charges would have followed. However, the CFTC has not so much as acknowledged the potential of manipulative behavior by a bad actor or actors in the wake of the two events.




 

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



WANING CONFIDENCE The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand. 

Crude Oil FUTURE PRICES OPENED LOWER Friday August 18

Crude Oil FUTURE PRICES OPENED LOWER Friday August 18

Crude Oil FUTURE PRICES decreased 0.06 USD/BBL or 0.13% to 47.02 on Friday August 18 from 47.09 in
Crude oil is making a descending wedge, which could have completed. However, the correction is just short to hit 50% retracement makes the long side skeptical. The price action is going to be binary near term, bullish near- mid term. Stay cautious and don’t get chopped up!.

Crude Oil FUTURE PRICES decreased 0.06 USD/BBL or 0.13% to 47.02 on Friday August 18 from 47.09 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening.

Brent crude futures, LCOc1 the international benchmark for oil prices, were at $50.93 per barrel at 0031 GMT, down 10 cents, or 0.2 percent, from their last close.

Crude Oil FUTURE PRICES



U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.02 a barrel, down 7 cents, or 0.2 percent.

Oil traders said the crude falls came amid a selloff across many other markets, including U.S. and Asian stocks, where investors voted with their feet amid growing skepticism U.S. President Donald Trump, embroiled in controversy, would achieve his economic agenda.




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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



OIL SLUMPS   Oil turned sharply lower Friday as concerns of a supply glut weighed in the wake of higher U.S. output. U.S. crude was off

Crude Oil Future Price Rose Midday Thursday August 17

Crude Oil Future Price Rose Midday Thursday August 17

Crude Oil Future Prices increased 0.25 USD/BBL or 0.53% to 47.13 on Thursday August 17 from 46.78
Oil companies offer superior dividend yields at great valuations, according to Porta Advisors’ Beat Wittmann. The oil and gas sector of the pan-European Stoxx 600 index is down 10.95 percent year to date. Oil prices could rise by $5 per barrel if larger inventory draws occur next year.

Crude Oil Future Prices increased 0.25 USD/BBL or 0.53% to 47.13 on Thursday August 17 from 46.78 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil production by between 1.7 and 6 times, Russia’s news agency RIA Novosti reports, citing the University of Tyumen’s press service.



Crude Oil Future Prices

In hydraulic fracturing, rocks are fractured with high-pressure injection of fluids, while the new breakthrough technology, as claimed by Russian scientists and media, is creating chemical reactions in the strata that contain oil.

The chemicals react and emit heat and gas, which makes extraction easier and lifts well productivity, according to the scientists and researchers.

The other upside in the technology, the Russians claim, is that the main component in the chemical reactions is ammonium nitrate, which is often used as fertilizer.

While the global oversupply of oil continues to weigh on crude prices and suppressed stock prices for oil companies, the sector offers attractive value to investors, experts argue.

“The sector has been underperforming, there’s great value, so you have to play the sector,” Beat Wittmann, partner at Swiss financial advisory Porta Advisors, told CNBC’s Squawk Box on Wednesday.

“The sector is so attractive right now and it’s a global demand-supply game.”




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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

Gold Future Prices Opened Higher Thursday August 17

Gold Future Prices Opened Higher Thursday August 17

Gold Future Prices increased 3.44 USD/t oz. or 0.27% to 1,287.19 on Thursday August 17 from 1,282.71
Gold extended gains after the Federal Reserve released the minutes from its July 26 meeting at 2 p.m. in New York. The minutes showed Fed officials were split over the path of future monetary policy. Some officials preached caution while another raised concern over delaying the normalization process.

Gold Future Prices increased 3.44 USD/t oz. or 0.27% to 1,287.19 on Thursday August 17 from 1,282.71 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

Gold prices finished with a gain on Wednesday as news that two White House business advisory groups have disbanded, fueling haven demand and prompting a late-session turn higher for the yellow metal.



Gold Future Prices

Gold gained further ground in electronic trading following minutes from the U.S. Federal Reserve’s July meeting, which were released after gold’s settlement and pointed to a central bank hamstrung by sluggish inflation.

“The acceleration in gold’s gains toward the regular session close was definitely due to the wave of resignations by CEOs from [President Donald Trump’s] business council,” Brien Lundin, editor of Gold Newsletter. “However, the minutes from the Fed’s last meeting also had a dovish tone, and this helped gold to rise even further.”

December gold GCZ7, +0.84%  rose $3.20, or 0.3%, to settle at $1,282.90 an ounce.




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Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

Silver Future Prices Opened Higher Thursday August 17

Silver Future Prices Opened Higher Thursday August 17

Silver Future Prices increased 0.07 USD/t. oz or 0.41% to 17.11 on Thursday August 17 from 17.07 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver markets continue to bounce around just above the $17 level, as we consolidate some of the gains from last week. It looks like the market is trying to form a bit of a base here, so we could bounce even further. Much of the gains were due to geopolitical concerns which seem to be calmed down, and if that’s the case we may find this market a bit flat. If we break down below the $16.80 level, the market should then go down to the $16.50 level. Alternately, I think if we can break above the $17.20 level, the market should then go towards the $17.50 level above. Ultimately, I think that the market probably gets a bit of a bid over the longer term, and that being the case I think that we are trying to build up a base here.



Silver Future Prices

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on August of 2017.




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