A market wrap witha focus on oil and the mood at the recent Cambridge House investment conference
Al and Cory are going it alone for today’s market wrap. We breakdown what we are looking for in the oil price then shift focus to a recap of the mood at the recent Vancouver Resource Investment Conference.
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Certainly could, Paul L.
Good market wrap and thoughts from the Cambridge House show from Cory.
Much appreciated.
Our pleasure Excelsior.
********* MARKETS RALLIED ON OIL STOCKS TODAY, ONLY TO PLUNGE BACK DOWN BY WEEKS END *********
Notice how oil pulled back after the markets closed, this market will continue to fall, so the Game of Pain goes on!
Chartster……earlier you said that Shanghai has double bottomed, I disagree, Shanghai along with Hong Kong and the Nikkei will continue to see much more further declines, so nothing is over anytime soon…………..just wait until the month of February!
” THIS PAIN IN NOWHERE NEAR OVER! “
Like I said before………” Sure you are going to get a few up days, but most days are going to be down, and down big!
” You ain’t seen nothing yet! ”
It’s going to get ugly!
Also…………the layoff tidal wave is just beginning look at Dupont, Macy’s, Wal-mart, Walgreens, BestBuy, Sprint, Schlumberger and Monsanto, that’s just a few on this on going growing list, and this is only the start of the new year!
So stay tuned!
OH THE PAIN…………THE PAIN!
Nikkei Future are up right now…………
Don’t disagree about the layoffs!
I forgot Maytag!
********** IS THE SH@# ABOUT TO HIT THE FAN ON NO GOLD AT THE COMEX **********
http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical
This is about to get real interesting!
DITTO………….
Since the discusion is focussed on oil.
Mostly people had been anticipating a capitulation in gold prices, but the mania was in oil prices, thus we have a capitulation that followed in oil prices. This may be the capitulation that sets up higher gold prices, along with lower interest rates:
That’s something I’ve been considering with the capitulation of Oil, and how that may have changed up the dynamics in both the topping of the equity markets, in tandem with how the fall in the Chinese markets got the spinning top wobbling.
I also think the fall in Oil placed the commodity complex back on the average investors mind. For a while it was like commodities were invisible and nobody else even saw them or cared. There were also the huge debt burdens, lay offs, and divestment in Base Metals and PGMs the last few years that captured a few headlines. As a result, some institutional and value investors are finally eyeballing the commodity space again. This rout has started to create enough industry-wide pain to have a mild awakening starting in main stream investing universe. It may turn out to be the catalyst that turns the tide…..
*** Shanghai market down over 2%
A huge turn is finally getting started in gold priced in the 30 year US Treasury…
Oil has NOT bottomed. Rick called this bear and he will call the bottom.
Trust in Rick…
Big Al always makes me laugh. That adds to the show quality. Keeping it lite works.
+1
*** Shanghai markets now down well over 3%………….uh, Chartster?
Shanghai market down over 4% now……………I thought Chartster said that the Shanghat had double bottomed!
Go look at the chart, bud. It in fact ” double bottomed “.
Priced in gold, the last 4 years have been nothing but a dead cat bounce for the 10 year US Treasury Note…
GDX is looking good…
Out of the pitch forks…………….time to harvest………………..
Make hay while the sun shines………
The Making of the “Big Four” Banking Oligopoly in One Chart
JEFF DESJARDINS on January 25, 2016 at 9:55 am
THAT IS ONE………SICK CHART…………….
appreciate the post…………………… the banking clawyer
Agreed. I was not surprised, but I was disgusted when I saw that chart.
I had to quickly buy back my large oil position in the pre-market as I saw a lot of strength in oil. Made a mistake yesterday.
Oil just fell about 2.5% right after 4pm and I am glad I got out in a strong rally. Could be rough day tomorrow in the markets.