Fat Prophet

In an interview with CNBC-TV18, David Lennox of Fat Prophets outlined his view on various commodities such as crude oil and base metals.

See weak dollar; buy gold below 1360 USD/oz: Fat Prophet

David Lennox of Fat Prophet says the American private sector is not in any condition to cope with weak macro data and the rising interest rates, leading to a weak USD.

Brent balanced at $112-113: Fat Prophet

David Lennox, analyst, Fat Prophet, says that there is still significant weakness in the eurozone and the US, China is slowing. From demand point of view we expected the oil prices to ease back but they haven‘t because of the risks.

See crude in $90-100/bbl range next quarter: Fat Prophet

David Lennox, resources analyst at Fat Prophet says, he is expecting crude to trade probably between USD 90 and USD 100 per barrel. “We cannot see it wanting to go above that level, but we can certainly see risk perhaps on the downside. So, in the next quarter, that is the range that we would be looking for,” he adds.

Has Obama's jobs speech left investors sour about gold?

US President Barack Obama announced a USD 447 billion jobs plan last night, aimed at giving a leg-up to the US economy. In the commodity space, gold continues to rise on safe haven buying. But, post the jobs speech, equity markets are expected to move up, which may soften gold's rally.

Announcement of QE3 will aid crude prices: Fat Prophet

David Lennox of Fat Prophet sees oil trading within the current range. In an interview to CNBC-TV18 he said, if US decides to go for another round of quantitative easing (QE3) then that will help aid crude prices to some extent.

Possible QE3 to weaken dollar, strengthen gold: Fat Prophet

There are many questions that surround the crude. To reply to all these queries on crude, resources analyst David Lennox at Fat Prophet talks to CNBC-TV18. He also said that the possible QE3 would weaken the US dollar going forward which will lead to a firm and higher gold price in the future.

Crude to trade in $80-90/bbl range: David Lennox

David Lennox, resources analyst at Fat Prophet, in an interview with CNBC-TV18's Sonia Shenoy, gives his views on the commodity market. He also spoke extensively about crude oil rates.