CRUDE SETTLES NEAR $50 Crude futures settled higher on Friday, as data this week eased concerns about surplus supplies,

CRUDE SETTLES NEAR $50 TO POST BIGGEST WEEKLY GAIN THIS YEAR

CRUDE SETTLES NEAR $50 TO POST BIGGEST WEEKLY GAIN THIS YEARCRUDE SETTLES NEAR $50 Crude futures settled higher on Friday, as data this week eased concerns about surplus supplies,

CRUDE SETTLES NEAR $50 Crude futures settled higher on Friday, as data this week eased concerns about surplus supplies, after Saudi Arabia pledged to lower imports while U.S. crude supplies fell more than expected.

On the New York Mercantile Exchange crude futures for September delivery rose 67 cents to settle at $49.71 a barrel, while on London’s Intercontinental Exchange, Brent added $1.02 to trade at $52.51 a barrel.

Crude futures edged closer to a key $50 level, capping off a bullish week which has seen crude futures for the nearest delivery trade at premium to those of the following month, a pattern known as backwardation, usually associated with tighter supplies.



CRUDE SETTLES NEAR $50

 

 

The Energy Information Administration (EIA) reported Wednesday, crude and gasoline stockpiles fell by more than expected last week, pointing to an uptick in demand for crude and refinery activity.

Saudi Arabia pledged earlier this week to lower crude exports to 6.6 million barrels per day (bpd) in August, almost 1 million bpd below the level last year.

Also supporting a rise in crude prices was the possibility of major disruptions to crude supplies from Venezuela, which faces a national vote Sunday to elect a constituent assembly whose job will be to redraft its constitution.

Meanwhile, an uptick in the latest number of active drilling failed to weigh on investor sentiment as crude prices notched their best weekly gain since December, rising 8.6%.

Oilfield services firm Baker Hughes reported its weekly count of oil rigs operating in the United States ticked down by two rig to a total of 766.

The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand.

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




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Crude futures settled higher on Friday, but posted a fifth-weekly loss as investors continued to fret about the glut in supply while the number of active U.S. drilling rigs rose for a 23rd straight week.

CRUDE FUTURES POST FIFTH WEEKLY LOSS AS OVERSUPPLY JITTERS PERSIST

CRUDE FUTURES POST FIFTH WEEKLY LOSS AS OVERSUPPLY JITTERS PERSIST

Crude futures settled higher on Friday, but posted a fifth-weekly loss as investors continued to fret about the glut in supply while the number of active U.S. drilling rigs rose for a 23rd straight week.

BUZ INVESTORS  Crude futures settled higher on Friday, but posted a fifth-weekly loss as investors continued to fret about the glut in supply while the number of active U.S. drilling rigs rose for a 23rd straight week.

On the New York Mercantile Exchange crude futures for August delivery rose 27 cents to settle at $43.01 a barrel, while on London’s Intercontinental Exchange, Brent added 30 cents to trade at $45.52 a barrel.

Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc said in a report on Friday.




 Crude futures

The report from Baker Hughes comes in the wake of growing fears that the oversupply problem in the market will continue despite Opec and its allies’ high compliance with the global deal to curb production.

In May, Opec and non-Opec members agreed to extend production cuts for a period of nine months until March, but stuck to production cuts of 1.8 million bpd agreed in November last year.

A monitoring committee made up of OPEC members and producers outside the group on Thursday said compliance to the deal reached 106% in May, the highest since the deal was first clinched late last year.

Sentiment on oil turned soured this week amid significant selling pressure, as prices entered bear market territory, falling 20% since the turn of the year.

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




BUZ INVESTORS 3 Solar Stocks  Everyone knew that President Donald Trump was likely to withdraw from the Paris Agreement, so don’t

3 Solar Stocks That Could Sustain Post Trump’s Paris Agreement Exit

|Chart | Calendar   | TRADE NOW | FORCAST | STOCKS

What to Expect from Solar Stocks

BUZ INVESTORS 3 Solar Stocks  Everyone knew that President Donald Trump was likely to withdraw from the Paris Agreement, so don’t let the media fool you into thinking it was a surprise. It wasn’t. And while backing out of the deal is going to hurt solar stocks (and renewable energy stocks more broadly), it isn’t a fatal blow.

Nothing has changed on the ground.

Congress eventually did the right thing by renewing those credits, but not before forcing solar stocks into a sharp nosedive. The uncertainty of those months did major damage to the industry. (Source: “Tax Credit Extension Gives Solar Industry a New Boom,” MIT Technology Review, December 28, 2015.)

3 Solar Stocks to Be Bullish On

Despite my long-term bullishness on renewable energy stocks, I’m not blind to the current situation. Solar stocks are down this week.

Solid companies, like First Solar, Inc. (NASDAQ:FSLR)Canadian Solar Inc. (NASDAQ:CSIQ), and JA Solar Holdings Co., Ltd. (NASDAQ:JASO), saw their valuations slashed by tens of millions.

3 Solar Stocks

solar stocks

 

That said, I don’t expect this pessimism to last. I would turn bullish on these stocks immediately, because the underlying trends are too powerful to be altered by such a cosmetic change in circumstance.

Unlike the solar tax credits, which were a “live or die” situation, the Paris Agreement didn’t have the power to change business conditions overnight.

The only reason people are panicking is because they associate the words “climate” and “solar energy.” I’m not saying those two things aren’t linked, but that doesn’t mean you should stop thinking rationally.

AUDUSD flirting with 2-month lows

AUDUSD On Pace To Post A Fifth Consecutive Day Of Gains

|Chart | Calendar   | TRADE NOW | AUDUSD

AUDUSD On Pace To Post A Fifth Consecutive Day Of Gains

BUZ INVESTORS AUDUSD On Pace   AUD/USD fell under pressure following the release of the Reserve Bank of Australia’s monetary policy meeting minutes but turned higher in European trading to release early day gains. Despite the pair remaining below yesterday’s high, it is on track to post a fifth consecutive day of gains.

The RBA meeting minutes revealed that the bank held its neutral stance towards monetary policy which was largely expected. The central bank discussed various reasons why earlier employment gains were concentrated to part-time jobs but also indicated that first quarter employment growth saw a rise in full-time employment. A recent increase in mortgage rates left the central bank optimistic regarding a slowdown in the housing market although the impact may take some time to filter through and the housing market will continue to be closely monitored as well as the labor market.




AUDUSD On Pace

Trade Idea AUDUSD  Buy at 0.7370

As aussie found good support at 0.7329 and has staged a rebound, suggesting a temporary low is possibly formed there and consolidation with mild upside bias is seen for further gain to 0.7470-75, then 0.7500-10 but break of latter level is needed to add credence to this view, bring subsequent rise towards resistance at 0.7556 which is likely to hold from here due to near term overbought condition.

In view of this, we are looking to buy aussie on dips as 0.7360-70 should limit downside. A break of said support at 0.7329 would abort and signal recent decline is still in progress for weakness to 0.7295-00 (76.4% retracement of 0.7158-0.7750), however, loss of downward momentum should prevent sharp fall below 0.7300 and reckon 0.7245-50 would remain intact, bring another rebound later.

On the 4-hour chart, the move from 0.8066 is the wave 5 with i: 0.8860, ii: 0.8315, wave iii is an extended move ended at 1.0183, iv: 0.9706 and wave v has ended at 1.1081 (also the top of entire wave 5). The subsequent selloff is the major correction which is unfolding as ABC-X-ABC and 2nd A leg has ended at 0.8848, followed by a-b-c wave B which ended at 0.9758, hence, 2nd C wave is now in progress and indicated downside target at 0.7000 and 0.6950 had been met, so further fall to 0.6710-20 cannot be ruled out.

Actual Previous Highest Lowest Dates Unit Frequency
5836.90 5878.30 6828.70 1358.50 1992 – 2017 points Daily
Australia Markets Last Previous Highest Lowest Unit
Currency 0.74 0.74 1.10 0.48 [+]
Stock Market 5786.28 5878.30 6828.70 1358.50 points [+]
Government Bond 10Y 2.64 2.63 16.50 1.83 percent [+]
2 Year Note Yield 1.69 1.71 5.26 1.43 percent [+]
5 Year Note Yield 2.17 2.19 5.50 1.48 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Buz Investors Manitoba Most Affordable Tuition Legislation is being introduced by the provincial government that would ensure Manitoba students continue to enjoy the lowest average tuition fees in Western Canada

PROVINCE INTRODUCES LEGISLATION THAT WOULD ENSURE AFFORDABILITY, SUSTAINABILITY OF POST SECONDARY EDUCATION

Students in Manitoba Would Continue to Have
Western Canada’s Most Affordable Tuition:  Wishart

Buz Investors Manitoba Most Affordable Tuition Legislation is being introduced by the provincial government that would ensure Manitoba students continue to enjoy the lowest average tuition fees in Western Canada

Buz Investors  Manitoba Most Affordable Tuition Legislation is being introduced by the provincial government that would ensure Manitoba students continue to enjoy the lowest average tuition fees in Western Canada and ensure the long-term sustainability of the province’s post-secondary institutions, Education and Training Minister Ian Wishart announced today.

“Our priority is ensuring Manitoba students have access to affordable, high-quality education at post-secondary institutions close to home,” said Wishart.  “Students want a post-secondary education that will allow them to develop the skills they need to secure rewarding careers upon graduation.  Our government is taking steps to ensure that Manitoba universities are able to provide a quality education while keeping tuition rates the lowest in Western Canada.”




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Manitoba Most Affordable Tuition

The proposed advanced education administration amendment act would:
• maintain Manitoba’s average tuition fees as the lowest of those charged among western provinces;
• enable universities to set tuition at rates that better reflect the cost of delivering programs;
• removes the unnecessary processes to review course-related fees, which the minister noted is an onerous provision that has not demonstrated value;
• allow the provincial government to deduct a portion of the grants to universities, if the average tuition fees in Manitoba are not the lowest among western provinces; and
• provide for a maximum permitted increase for tuition fees, set out as follows:
 – tuition fee increases to be limited to an annual rate of no more than five per cent plus the Consumer Price Index.

Wishart noted the proposed changes would come into effect for the 2018-19 academic year.  Tuition at Manitoba’s colleges and any college-level programming offered by universities is regulated through policy set by the minister.  He noted the province intends to amend this policy to reflect the proposed changes at the university level and maintain Manitoba’s average college tuition fees as the lowest among western provinces.  Additionally, the legislation would exclude tuition charged by the Canadian Mennonite University, a private degree-granting institution.  This provision is identical to the existing tuition legislation, he said.

The average arts and science tuition in Manitoba post-secondary institutions is the third lowest in Canada and well below the national average.  Manitoba’s post-secondary institutions have all told government the current tuition cap creates a major constraint on their financial sustainability, the minister said.

The proposed changes would achieve a balance between protecting the affordability of post-secondary education in Manitoba and reducing the administrative burden on universities associated with the annual process of tuition and fee approvals through government.  In addition, the new framework would help ensure Manitoba students receive high-quality education, now and into the future, the minister said.

The Manitoba government previously announced an increase in provincial funding available directly to Manitoba post-secondary students through the Manitoba Scholarship and Bursary Initiative.  Provincial investments now totalling $6.75 million in 2017-18, will result in up to $20 million in scholarships and bursaries going directly to students each year, promoting affordable and accessible post-secondary education for more students throughout the province, the minister said.

“Our government is taking steps to keep Manitoba tuition the lowest in Western Canada while also providing additional support directly to post-secondary students,” said Wishart.  “We are committed to ensuring that Manitoba students receive the supports they need to achieve success on the path to graduation and beyond.”

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BlueOcean NutraSciences Inc. Provides a Corporate Update Post Financing Close

BlueOcean NutraSciences Inc. Provides a Corporate Update Post Financing Close

BlueOcean NutraSciences Inc. Provides a Corporate Update Post Financing Close

BlueOcean NutraSciences Inc. Provides a Corporate Update Post Financing Close

BlueOcean NutraSciences Inc. (“BlueOcean” or the “Company“) (TSX-V: BOC) is pleased to provide a corporate update, post the closure of its $2.5M Private Placement in December 2016.

Corporate Strategy
 
Funding is now in place for both manufacturing and effectively marketing BlueOcean’s broadening suite of shrimp oil based supplements in 2017. Actions taken to date in 2017 include:

  1. New inventory of an upgraded Pure Polar® product line with improved formulas and packaging of all three SKU’s (Regular Strength, Double Strength and Extended Release) are being manufactured in Canada for delivery during the first quarter of 2017.
  2. Two additional brands, SportAXTM and JointAXTM are also being manufactured in Canada with brand specific formulas and packaging targeted at the large sports & fitness and joint supplement markets. SportAXTM and JointAXTM will both be launched in March, 2017.
  3. As previously reported in its news release dated December 20, 2016, BlueOcean has acquired 100% of the issued and outstanding shares of Pure Polar Labs Inc. (“Pure Polar”) from CMAX Technologies Inc. (“CMAX”) and Heuer M.D. Research Inc. (“Heuer”), thereby taking control of its retail fulfillment subsidiary to drive maximum value for BlueOcean shareholders.
  4. CMAX’s CEO Jeff Renwick and Dr. Marvin Heuer, CEO of Heuer have agreed to join BOC’s Advisory Board as experts in drug and supplement product formulation.

Marketing Development

As previously reported in its news release dated January 12, 2017, BlueOcean has retained the Marketing services of Jurgen Pauquet on an interim basis to guide BOC’s E-Commerce, DRTV and other media marketing strategies. Jurgen was previously the SVP of Digital Marketing & E-Commerce International at Guthy Renker. Jurgen brings decades of successful E-Commerce experience to BOC’s core E-Commerce strategy, as well as DRTV, endorsements and other marketing initiatives that the Company plans to undertake in 2017.

Corporate Reorganization

BlueOcean has now successfully implemented its complete production value chain including third-party shrimp shell feedstock relations and patented shrimp oil processing, consumer brands product encapsulation and packaging, and sales fulfillment, all supported by its marketing strategy to drive sales of its various consumer shrimp oil brands. This has led to the following management reorganization:

  1. Sam Kanes, founding Director of BlueOcean, takes on the role of VP, Strategy and IR; and
  2. Dil Vashi has been promoted to VP Business Operations.

2017 Sales Outlook

The global market for bulk ($150M 2016 est.) and retail ($1B 2016 est.) krill oil supplements has stabilized and is now growing at an estimated 13% compound average growth rate (“CAGR”) (Persistence Market Research). The global retail market for natural astaxanthin (“AX”) supplements (primarily derived from microalgae) is estimated to be worth $100M (2016 est.) and continues to rise sharply with forecasts of up to 15% CAGR through 2023 (Global Market Insights). While the supply of natural astaxanthin continues to increase, the demand for the product is also increasing in sync, thereby maintaining the high value of the product.

All BlueOcean product SKUs contain shrimp oil, which has a natural combination of both phospholipid omega-3s as in krill, and high levels of natural astaxanthin. SportAXTM and JointAXTM SKU’s will compete directly against algae based AX in the sports/fitness and glucosamine-dominated joint supplements markets, broadening BOC’s product lines and target markets beyond the heart health market that krill only focuses on.

Pure Polar® and new SKU orders from larger Canadian and US retail chains are targeted to close by June 30, 2017 with September/October 2017 delivery dates. BlueOcean will use its current limited shrimp oil inventory made from the 2016 season, to fulfill its growing E-Commerce business.

About BlueOcean

BlueOcean NutraSciences Inc. is a Canadian listed public Company that is focused on developing sustainable, specialty nutraceutical products targeted at the rapidly growing natural health products markets, with a current focus on the $4B omega-3 heart health supplement market, the $9Bn joint health market, and the $10B sports supplement market. BlueOcean’s proprietary shrimp oil ingredient contains high levels of naturally occurring astaxanthin, phospholipids, and omega-3 EPA and DHA, enabling the product to be targeted across all three markets described above.

Gold prices post largest gain in two weeks

Gold prices post largest gain in two weeks

Gold prices post largest gain in two weeks

Gold

  • Buz Traders Gold prices post largest gain  Gold is trading at $1336.20 per ounce at 09:40 GMT this morning, 0.11% lower from the New York close.
  • This morning, the precious metal traded at a high of $1339.30 per ounce and a low of $1335.20 per ounce. Yesterday,
  • gold traded 0.41% higher in the New York session and closed at $1337.70 per ounce, amid weaker greenback, after the US Fed stood pat on interest rates. Immediate downside, the first support level is seen at $1325.90 per ounce, while on the upside, the first resistance level is at $1343.90 per ounce.

Gold prices post largest gain but should you sell

Gold prices post largest gain in two weeks

Gold prices post largest gain Gold prices posted the largest gain in two weeks following the FOMC monetary policy announcement.Investors seemingly opted to focus on a flattening of the projected rate-hike path despite unmistakably hawkish rhetoric from Fed Chair Yellen, who all but promised tightening in December (as expected). Crude oil prices also rose, buoyed by Fed-driven US Dollar weakness as well as a large inventory drawdown reported by the EIA.

Other Stories Bus Investors Need to know

Gold prices post largest gain

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Looking ahead, the post-FOMC swell in risk appetite continues to reverberate across financial markets, pressuring the greenback and hinting that commodities will remain well-supported over the near term. Follow-through may prove limited however as markets account for an up-shift in 2016 Fed rate hike chances. Indeed, the probability of tightening before year-end now stands at 61 percent, the highest in a month.

The shares of Australia?s leading gold producers Newcrest Mining Limited (ASX: NCM), OceanaGold Corporation (ASX: OGC), Resolute Mining Limited (ASX: RSG), Northern Star Resources Ltd (ASX: NST), and St Barbara Ltd (ASX: SBM) look set to climb higher today after the US Federal Reserve opted to keep its rates on hold once again.

Leading up to the meeting the spot gold price had dropped as low as US$1,310 an ounce, but once the announcement was made it jumped higher by around 2% and currently sits at US$1,332 an ounce.

USDJPY Retail FX Sentiment Back at Extremes Post Wait-and-See BoJ

USDJPY Retail FX Sentiment Back at Extremes Post Wait-and-See BoJ

USDJPY Retail FX Sentiment Back at Extremes Post Wait-and-See BoJ

USDJPY Retail FX Sentiment Back at Extremes Post Wait-and-See BoJ

  • USDJPY stands at risk of giving back the rebound from the June low (98.78) as it appears to have carved a lower-high during the previous month and preserves the downward trend from earlier this year; may see the pair carve a lower-low over the near to medium-term as the Bank of Japan (BoJ) continues to endorse a wait-and-see approach for monetary policy.
  • Even though the BoJ keeps the door open to further embark on its easing cycle, recent headlines from local agencies suggest the central bank will remove its 2-year deadline to achieve the 2% target for inflation as Governor Haruhiko Kuroda and Co. continue to assess the impact of the negative-interest rate policy (NIRP); a shift in the policy guidance may boost the appeal of the Yen especially as Japan returns to its historical role as a net-lender to the world economy.
  • A break/close below the Fibonacci overlap around 101.80 (23.6% retracement) to 102.10 (100% expansion) may lead to fresh 2016 lows in USDJPY, with the next area of interest coming in around98.30 (38.2% & 78.6% retracements).

300x250 fsci banner en 10.10

  • The USDOLLAR pares the sharp decline following the disappointing 2Q Gross Domestic Product (GDP) report even though the ISM Manufacturing survey shows a larger-than-expected slowdown in July, with the Employment component contracting from the previous month as the figure slipped to 49.4 from 50.4 in June.
  • Even though market participants forecast another 180K expansion in U.S. Non-Farm Payrolls, the greenback stands at risk of facing additional headwinds over the near to medium-term as Fed Funds Futures highlight narrowing expectations for a 2016 Fed rate-hike.
  • The close below 11,951 (38.2% expansion) to 11,965 (23.6% retracement) raises the risk for a further decline in the USDOLLAR, with the next downside hurdle coming in around 11,898 (50% retracement) to 11,914 (38.2% retracement).
Nevada casinos post solid month, MGM on tap for earnings

Nevada casinos post solid month, MGM on tap for earnings

Nevada casinos post solid month, MGM on tap for earnings

Nevada casinos post solid month, MGM on tap for earnings

Casinos in Nevada ended the fiscal year with a gaming win of $887.41M for June, up 6.8% Y/Y.

The Las Vegas Strip rebounded from a tough month in May with a 10% gain in June, but fell just short of analysts’ expectations. An unusually high hold percentage for baccarat play helped pump up the monthly revenue tally. Strip revenue is still down YTD.

Total Nevada gaming win for the fiscal year ended June 30 was up 0.7% to $11.12B. Non-gaming revenue (not part of the monthly ‘win’) is an increasingly larger variable with casino earnings.

300x250 new sheriff en 08.10.2014

Earlier in the week, Wynn Resorts reported sluggish growth from Vegas operations, adjusted property EBITDA +0.2% Y/Y. Higher RevPAR helped to offset a lower occupancy rate. Shares of Wynn Resorts took a tumble after the company disclosed that the number of gaming tables it was allocated for Wynn Palace in Macau was only half of what was anticipated.

Investors will catch another penetrating look into Vegas trends when MGM Resorts (NYSE:MGM) reports Q2 earnings on August 4. The reporting period includes the 10% Strip revenue pop. Commentary from management on the impact of the new 20K-seat arena will also be key.