In what has otherwise been a tumultuous year for the oil industry, some good news emerged this week as crude oil prices hit a new 2015 high. Since its $110 per barrel price in June 2014, Brent crude prices have crashed to below $50 per barrel; however, as of Wednesday, Brent crude bucked recent trends and ended the day at $64 per barrel. Unfortunately, this good news came at a cost.
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The World Beyond Wall Street
If you have been paying attention to international news over the last few weeks, you are most likely aware that the Middle East is once again heating up. While the civil war in Syria continues to rage, militant Islamic fundamentalists have risen up in Iraq (a group known as ISIS), and are slowly trekking toward Baghdad.
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The Golden Hoax
The value of gold has taken a tremendous hit over the past few months and has had an extremely tumultuous 2013. This precious metal, touted as a hedge against market instability, has proven extremely volatile since 2011. Yet, gold remains at the forefront of news with many critics and supporters. Given the mixed signals investors receive from analysts, what are we to conclude about the value of gold? How are we to determine its worth?
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