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Welcome to the ‘Oil & Gold’ archive

The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 UK’s Public Finances In Disarray And Triple Top For Oil?
By The Mole on 20 August 2009 at 11:38
Category: Currencies, Market Watch, Oil & Gold by The Mole Comment

Its been a busy morning in the markets since my first publish but it is definitely worth writing about what is going on at the moment.

Today’s numbers take the scale of the collapse in UK public finances to a whole new level.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Nearly Time To Trade The Dollar?
By FT on 19 August 2009 at 12:49
Category: Currencies, Oil & Gold, Views & Opinions by FT Comment

Has the Dollar become too dull to trade? The GBPUSD pair used to be my number one trade, with an average daily range in excess of 200 pips. Now it’s as popular as a sneezing pig.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Dow Disappoints, Nasdaq Continues Winning Streak
By The Mole on 23 July 2009 at 09:58
Category: Economics, Market Watch, Oil & Gold, Shares & Indices by The Mole Comment

Underwhelming banking results from Morgan Stanley, Keycorp and Wells Fargo and a decline in energy prices dragged down a jaded looking Dow to a modest 0.39% decline on a listless days trading.


Flash Rabbit is a self-taught trader. He trades part-time to supplement his main job, which is as an academic in a UK university.

Flash calls his fund a 'micro-macro' fund because he looks for macroeconomic trends and trades them with microscopic amounts of money. This enables him to stay relaxed. Trading is a way of figuring out how things are working in the world, and as he’s not reliant on it for all of his income, he can afford to make some stupid mistakes. Which he has done plenty of.
 Balls of Steel
By Flash Rabbit on 15 July 2009 at 18:34
Category: Currencies, Economics, Oil & Gold, Shares & Indices, Views & Opinions by Flash Rabbit Comment

I’ve just been idly dipping in and out of the market for the last couple of months, and until Monday hadn’t changed my strategy at all – running a short gold, a short EURGBP position and a bunch of small equity longs, which, frankly, have been pretty static.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Equities Hold Steady Ahead Of BoE Meeting
By FT on 9 July 2009 at 10:31
Category: Oil & Gold, Shares & Indices, Technical Analysis by FT Comment

Light relief for stockmarkets this morning as the bears take time off to watch cricket. The Dollar weakened a touch but it all feels like a pause before the next leg down.


The Galloping Zebu is a financial spread bettor who is always looking for the next big market move. Therefore willing to take many small loses, as the big winners will (hopefully) cover them.

He likes a trade on FX and indices, but is a little scared of those volatile commodities. That doesn’t stop a dabble now and again, but he certainly keeps the deeds to the house in the back pocket when Brent Crude is involved.

This silly zebu can’t decide whether he prefers fundamental or technical analysis, so often makes “technically fundamental” trades. As long as both sides are saying to go the same way, lump on and hope for the best!
 Trading The Oil Inventory Number
By The Galloping Zebu on 17 June 2009 at 11:43
Category: Calendar, Financial Concepts Explained, Oil & Gold by The Galloping Zebu 3 Comments

Crude oil is undoubtedly the king of commodities. It is the most traded nonfinancial commodity in the world today, and it supplies 40% of the world’s total energy needs


Karl Deeter is the Operations Manager with Irish Mortgage Brokers, a company he co-founded in 2004. He is a regular commentator in the papers, on radio, and on television in areas of general economics, finance, taxation, and in particular that of the Irish mortgage market.

He writes the popular 'Mortgage Blog' and has
been short-listed in the past for 'Best Business Blogger' by the IIA, the company has also been short-listed twice for 'Best Mortgage Broker' by MoneyMate.

Irish Mortgage Brokers are located on Pearse Street in Dublin 2, their site is http://www.mortgagebrokers.ie

If you want to contact Karl you can do so at karl.deeter@mortgagebrokers.ie
 What Next For Gold
By Karl Deeter on 16 June 2009 at 13:22
Category: Economics, Oil & Gold, Views & Opinions by Karl Deeter 5 Comments

Lately I have heard some interesting contrarian reasons for shorting gold, but there are also good reasons for buying gold. Today I will list some of them from both sides


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Too Big To Fail? Not GM
By The Mole on 1 June 2009 at 11:59
Category: Economics, Market Watch, Oil & Gold, Shares & Indices by The Mole Comment

With the Irish Bank Holiday, it’s a quick one today. Today sees the once-great General Motors humbly applying for Chapter 11 bankruptcy. I


Flash Rabbit is a self-taught trader. He trades part-time to supplement his main job, which is as an academic in a UK university.

Flash calls his fund a 'micro-macro' fund because he looks for macroeconomic trends and trades them with microscopic amounts of money. This enables him to stay relaxed. Trading is a way of figuring out how things are working in the world, and as he’s not reliant on it for all of his income, he can afford to make some stupid mistakes. Which he has done plenty of.
 Reasons To Be Nervous
By Flash Rabbit on 29 May 2009 at 10:44
Category: Currencies, Economics, Oil & Gold, Views & Opinions by Flash Rabbit 5 Comments

I’m teetering on the brink of going very short of this market. I’ll still keep a few tactical longs, but as the days go by and the indices sit in a


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for four years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 US Consumer Confidence Boosts Stockmarkets
By FT on 26 May 2009 at 16:10
Category: Currencies, Oil & Gold, Shares & Indices, Technical Analysis by FT 4 Comments

Just when it looked as though stockmarkets had reached their tipping point they were bailed out by a red hot US consumer confidence figure. Earlier Dollar strength failed to hold as the Dow regained 8400.


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