Now is the time to have a look at some beat down energy stocks
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Seems you have written gold off. I did pickup some Canadian oil sand and Encana. However oil has just started to correct a few weeks ago. I would not define it as beaten down. Gold sector is by far more beaten down.
I’m looking to get into XLE around 80; might be a sweet entry at that price.
A Canadian alternative; I am interested in energy also. Getting sick and tired of PMs.
For what it’s worth the “green” suppliers are offering fixed rate contracts for residential electric at considerably higher prices than 6 months ago. To me that shows a disconnect between present prices and expected near future prices.
I think Gary is right about oil. xom, chevron and the others look good and pay good dividends.
A DVN insider recently bought 500K of stock @56. it was over 80 a couple of months ago.
Yeah DVN was a Stansberry rec last year; I got in at 53, out at 72. If memory serves, I believe he thought it had the potential to make a run at 90. I took profits first week of September after watching it roll over in mid August. Might look at it again, but I’d like to see a floor at this level. Long-term I like it.
BP, Shell, USO, UNG – are these examples of energy stocks? I mean, just general oil/petrol and gas stocks?
Mining CEO Seeks to Form Physical Silver Cartel to End the Paper Manipulation
I am positive Alexco would agree to no silver production for a month 😉
Haha, AXU has been doing their part for more than a year! 🙂
I’m thrilled when I read the headline.. but when it comes out of futuremoneytrend… that’s cut in half… Not sure how much trust I can put on them.
It’s Keith Neumeyer, you can trust this story.
Not so fast……
Are you suggesting that it’s not really Keith or that the story is fictional???
I am suggesting that Kieth is counseling to break the law. Why should I have trust in that?
I said that you can trust that the story is real, nothing more.
Why do you trust govs and central banks if you have an aversion to law-breakers?
So you are admitting Keith is a law breaker? Maybe he needs to consult his lawyers before suggesting collusion amongst suppliers in the silver markets because he is on pretty thin ice based on that interview that was posted above. Why the f**k do you think we have laws in place against such practices in the first place, Matthew? There is significant precedence in place already to guard against industry groups attempting to artificially control or manipulate the price and supply of free markets for their special benefit because of the market distortions that result. You need to wake up and get your facts straight. Don’t give me a lot of lip about what you *think* is going on vis-a-vis market manipulations of the banks. If you don’t have facts you don’t have a case.
I don’t know how you’ve come to conclude that I am “admitting” anything about Keith.
Interest rate manipulation is THE most important and tyrannical kind of all. Are you suggesting that it is only an “opinion” that the central banks engage in it?
(That’s rhetorical, btw, I’m not interested in your answer.)
Do you even read the crap you write? See your comment quote below….notice the part mentioning “lawbreakers”? That was YOUR remark, not mine you silly fool. In any case, do you have any idea what forces might be required to change the laws on price fixing and organized collusion in industry?
“Why do you trust govs and central banks if you have an aversion to law-breakers?” — Mastthew
Yeah.. Matthew… I posted before watching it… :(… it’s right from the mouth of one of the best mining CEO… so I add more positive for that.. thanks for pointing out.
You mean soon-to-be ex-CEO?
But please dont get me wrong.. I replied to Lawrence the other day that this is an awesome idea… and world-changing idea… but as I said… one Piranya is not so scary and only when a lot of them go hunt together.. that’s the real deal.
Under current US antitrust laws, cartels are illegal in the United States.
Birdman… this message hurts but it seems true… Even though all miners pretend they will just following the trend and pretend they dont officially form a cartel and no official agreement among them…. Regulators would be so keen to charge them anyways… boy… Long Live Banking cartel.
What Neumeyer does not seem to know or understand is that it is also illegal to counsel to form a monopoly or Cartel with the express purpose of manipulating prices in favor of an organized group. That act is in itself conspiratorial so he is walking on thin ice even suggesting it openly and will invite an investigation and attention from the SEC. But probably he knows already and just does not give a sh*t.
Cartels are illegal in the United States.
http://legal-dictionary.thefreedictionary.com/cartel
How dare he think that it’s ok to do what the international banksters have always done. The nerve of some serfs…
The law is the law.
And right is right.
Ahhhh, so you are saying the law is wrong?
No, I simply matched your empty reply with a slightly less empty one.
HI !
Talking to Birdman ! https://www.youtube.com/watch?v=M68BaHYqaA0
OK. So then you did not mean “right is right” whereas I most certainly do think “the law is the law’. Why did you bother posting something you don’t believe? And secondly, why would you admit it was an empty comment after leaving it?
You are a puzzling person M. You also seem knee jerk and confused about what you are saying.
YES YES BIRD ! COM COM ! YEEEEEEEE ! https://www.youtube.com/watch?v=EeEr5-n6F8Y
call it UNIONIZATION……………………….
or better yet……………FRANCHISE IT……………….
“counsel to form a monopoly or Cartel with the express purpose of manipulating prices in favor of an organized group.” Birdman
This section of your statement defines government economic policy makers in some countries. (;-)
OK, you can say that even if you have no evidence or it is just an opinion. Some of us deal with facts though. First Majestic is a US listed share company that files with the SEC and must abide by the regulatory structure and law that is in place in the jurisdiction of the listing. It makes no difference that their head office is named as Vancouver, Canada nor that the mines are physically in Mexico. Kieth is crossing the line by counseling the contravention of an important piece of business law and he should know better. You cannot conspire to fix prices or supply nor is it legal to form a cartel. That is my only point.
First Majestic Silver Corp SEC filings for October 2014.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001062993-14-005930.txt&FilePath=\2014\10\14\&CoName=FIRST+MAJESTIC+SILVER+CORP&FormType=6-K&RcvdDate=10%2F14%2F2014&pdf=
Comic relief only BM, I fully agree that he overstepped his bounds but I also think he isn’t the type of guy to shoot from the hip and ask questions later.
He did both. Testing the waters no doubt. Lets watch and see for a reaction.
Central banks are a cartel that exists to fix the most important price of all (among others) — the price of money (interest rates).
Public Cartels typically operate for the benefit of the general public and do not usually confer specific economic benefits on those engaging in price control or fixing mechanisms. What they do is called “policy” and it is assumed to be in the public interest. Private cartels on the other hand are cooperative agreements between competitors that are designed to increase profits for Cartel members by engaging in price setting through supply management. It should be clear that these activities are in the interests of participating business and are not intended for the benefit of the general public. So you are pretty confused my little friend and as usual you have no idea what you are talking about.
“Public Cartels typically operate for the benefit of the general public and do not usually confer specific economic benefits on those engaging in price control or fixing mechanisms.”
Lol, what a Marxist!
TALKING TO Birdman ! https://www.youtube.com/watch?v=M68BaHYqaA0
Does the Federal Reserve profit from QE, Matthew? If so then please indicate how they do that with some evidence and fact.
Interesting topic. BTW, there is an organization called OPEC. Does US enforce its law on OPEC and does US import oil from OPEC countries? US has absolutely no right to impose its law on foreign companies as long as they operate outside of US since US government offers no protection to the companies outside its border. Otherwise US will love to shut down companies in other countries for competitive reason alone. It is up to the government of the residential country to protect its own company. If Canadian government proves that it is not capable of protecting its company, it is Canada’s loss. Canadian companies should be able to sell their mining product anywhere else without having to use COMEX. There is exchange in London, China, Singapore, Japan, Bubai, etc. Wars were fought on this.
Opec is a special case and it is protected under US law as an exception, Lawrence.
OPEC BIRD and law HA HA HA ! https://www.youtube.com/watch?v=3fnaFN-YsGA
Your MAN ? https://www.youtube.com/watch?v=aywPCFwBY_o
Hi Birdman… I can see one argument that could work though…. each miner has their all-in sustaining cost filed with SEC…. as long as each of them decide to do this (with or without agreeing behind the back door) when the metal price is below their production cost… no sane justice system could punish them for forming cartel?
Nobody could prove that all miners doing this are purposefully forming a cartel…. sane businesses do this all the time… slow down products to scale supply to match demand?
No cartel is needed. There is no law against withholding metals from the market if the price is too low (or for any reason). Let shareholders decide by showing financial support for CEOs with some common sense.
Maybe you did not listen to the interview smart guy. I suggest you go back and hear it firsthand before telling anyone here what is legal and what is not legal.
Birdman… his interview may appear to you it’s illegal… but really to the point.. I still believe there must be a way to make it legal (from US justice system point of view )…. dunno why you keep arguing each other on this and at the end… no one here is a judge anyway.. 😀 (or are you?)
The main reason he is frustrated at the price fixing, IMHO, is its so easy in silver’s case being largely a secondary metal to most mining companies. The reaction to a lower silver price is not a direct effect on overall supply. Plus silver producers can go for higher concentrates of other metals like copper or zinc when silver’s price is low but still supply silver. Thus supply changes seem glacial in time.
Just a possible explanation.
SOMEONE SHOULD PICK UP ON THIS STORY AND DO A FOLLOW THROUGH………MINERS UNITE…………….
Should supermarkets engage in price collusion?
How about medications,
Won’t Doctors want the same rights for their services?
And how about dental work? Fixed prices and limited supply will work well for them.
Maybe schools should organize and fix prices too. Only the rich really need an education anyway.
If optometrists got together as a group they could also maximize fees and prescriptions. Lets just kill competition and maximize profits for them while we are at it.
Then farmers should organize into collectives too. One price fits all. Poor people can eat grass.
Pretty soon we will have steel companies dictating basics.
Then copper miners will want the prices we pay for silver.
Car companies should all get the same money regardless of quality or labour rates.
Nobody should be allowed to pay less for a mobile than Apple charges.
Beer will be the same price for a litre everywhere on earth.
You see where this goes?
You see where this goes?
Birdman all good points except they have a legitimate concern because of price collusion. This piece was posted in August and they haven’t missed a beat.
A good example is The MOAMOPE by James C. McShirley
http://www.zerohedge.com/news/2014-08-25/moamope-james-c-mcshirley
Waaawww NICE ! THANK’S !
That’s very interesting but not at all surprising. The PTB can collude and manipulate all they want because they know that buffoon sheeple everywhere will direct their anger and confusion in the wrong direction every time.
You guys always say that when gold goes down.
I do not think that oil price has anything to do with election.
when Russian troops hit Georgian troops in 2008 oil went down to $30.Now Russian troops have active war with Ukraine and oil going down is kind of us sanctions against Russian government. Low oil price will destroy Russian economy . Until Russians bombing Ukrainian towns oil may stay very low.
.
his oligarhs
Both yours and Gary’s might be true.
Hi Gary, Spot on on Obama’s trick.. Totally agree!!…
would 200 DMA be the point of Summer high for Oil?
Obama is quite whimpy. He damages more of his own oil/gas companies and investors and may create a much higher oil price in the future. Don’t start a war you don’t dare to fight.
Just put in an order to buy us oil producer EXXI at a lower price. I may not get it i always use limit orders. looking at other oil stocks. Just saw news of a jihad attack on 2 nyc cops , bad guy shot , [good] . pray for peace but prepare for more trouble . love to all S
Gary “been saying along” about oil and the election.
what he means is he’s been saying all along once oil started to go down
when it was going up over $100 was he saying this? no.
just more monday morning quarterbacking
Gary,
You can start a school called “Conspiracy Investing”. I am serious. Since all markets are manipulated (managed), this type of investment may turn out to be profitable. It is definitely beats blindly following trend and get slaughtered on the way. It adds some fundamentals to the otherwise irrational market
In the back of my mind, every time I want to buy or sell a stock I think; “What political crap could influence the price?” That does not feel like a free market but managed in the name of “economic warfare”. How about, “If you own gold then you own the currency of terrorists”.
Good one. The terrorists include everyone born before 1971 plus the governments.
You right james
Gary for months was saying oil was going over 100, he said no doubt it going to 110 tp 120 back in august/september, cause it did not go the way he predicted he has a excuse, government aint going to let it go over 100 it election year, monday morning quarterback at it best gary
Catman,
I agree to certain extent. He did say for months on end it was going up and he missed the trade or train ride down. This glen has been saying oil down since the days gary had oil going up for few months now. I will credit to him for re-adjusting his stance. I also agree with gary after elections it heads up. I believe gold/miners head up as well.
On the contrary, I said oil was due for an intermediate decline before it went up. I was calling for a drop back when everyone else was super bullish. What I failed to take into account was the elections. I was expecting a normal intermediate pullback to about $90-$95 and then a resumption of the rally. So needless to say the move down to $80 caught me by surprise.
Fair enough.. Point is I like the fact that you adjust when needed to any trade and you keep an open eye. Keep the segments coming Gary as I surely appreciate your valuable contributions.
I look at the fundamentals; they all say gold goes higher but the central planners say no.
I look at technicals and my bollenger bands and they look like a snake that’s trying to swallow a beach ball.
The wealth of nations is being plunder by the central banks and their cronies in the stack ‘markets’. Maybe next year, maybe next decade they will will let the PMs run up again, but only after they are well positioned to maximize profits.
So Gary, we have two options:
Option 1. Two aspirin with plenty of fluids and get a good nights sleep.
Option 2. Two shots of scotch on the rocks, and get a good nights sleep.
I’ll take the latter cause it ain’t gonna matter.
Two shots! That is hardly an apéritif.
Right you are Bird….takes 4 shots just to warm the glass and flex the arm….and get the red neck juices flowin…
You can drink with me any old day Gator!
Gary,
Great analysis on oil, I believe the same thing about the more natural bottom coming a couple months ago in the 90’s. I remember trying to go long Oil 2 years ago at this time and couldn’t figure out why it wasn’t working, until I realized it was the elections. Didn’t know the exact bottom was on the day of the elections, thanks!
First Majestic CEO wants silver miners to form counter-cartel against futures shorters
First Majestic Silver CEO Keith Neumeyer, interviewed by Future Money Trends, argues that silver miners should form a counter-cartel to combat the investment houses selling silver short on futures markets.
My congratulations to Keith Neumeyer and Co. for stepping up to the plate on this issue. I certainly hope that silver producers both big and small will rally around the flag that First Majestic has planted in the ground here, especially the producers based out of Vancouver.
This call to arms is not without dangers though, as Vancouver-based producers such as Pan American Silver and Silver Standard Resources will certainly not support such an initiative, as their masters at The Silver Institute wouldn’t allow it. Let’s see what happens—but for moment I thing we should all be grateful to Keith, along with the entire organization, for having the gonads to do what was necessary.
And if you want to help out here, you should contact the I.R. departments of any silver companies that you own shares in. A few keystrokes into your computer’s search engine will bring up the required 1-800 number or e-mail address—and be polite, but forceful—and don’t procrastinate, do it NOW!
The interview runs for 15:41 minutes—and can be heard at their website linked here. I found this in a GATA release posted on their Internet site very late last night.
First majestic ! https://www.youtube.com/watch?v=4cIpAL8UVvE
What do you guys see as a good options play looming 1-2 months out in oil? Assuming the $80-100 run takes place? Im just looking to buy calls. Gary I want your opinion but welcome everyone else’s too?
A few call options on XLE should produce good returns I would think.
Hold off until 78 on wti oil. I have had that number for quite sometime as technically it’s a strong resistance area. I would not gamble before. As I’ve stated previously, if 78 breaks down, it will take earth with it. We are at a very important inflection point. My gut says they hold 78 until elections.. Very difficult to play imo. But if indeed it breaks down, then equities will follow and fed will unleash qe4. That’s my stance and im sticking with it.
Looking*
No run comming !
Who was it that said the market would never get back to the old highs? At least not any time soon. The QQQ is only a buck away from it’s all time closing highs. It has rallied much faster than it fell.
Thanks Gary and chips…do you think it will go to 100 by nov 22 or better to buy a dec call?
If you aren’t familiar with options then stay away from them. They can destroy a portfolio in the blink of an eye if not used properly. There are only a few times when one can use options and make money. Generally speaking one should only ever buy call options at an intermediate bottom. That’s when the market is likely to move in a big way quickly and make those options pay off.
And always buy a lot more time than you think you need as it always seems like the market takes longer than you think it will to move in the right direction. So if you think the move is about to happen now then go out at least 3 months. This will help with the theta burn also.
Sounds like you are not too well versed at Options Proudcanuck
If you are going to buy before a bottom, for whatever reason, then you’ll have to go to April at the least, April 29 calls.
I’d wait a bit though. If you really want to buy, go 25% of allocation.
I’m talking about USO calls in the above post.
XLE would be March 83 calls.
5100 nasdaq Would equal ? 120 in qqq? Gary I’m going to subscribe to your site, as I have with Rick…when do you see the market topping? How far out would you stretch call options in qqq? for maximum $ and % gain?
Thanks guys, I appreciate your input
Exactly SHEEPLE need to feel good !