A big move up in oil and mixed Fed messages
Oil is getting a huge buy today, up over 6.5%, on the back of rumors that US production is going to be reported under expectations. Even with this news investors have a willingness to throw money into the sector. we discuss this topic and the continued mixed messages from the Fed and Yellen with Chris Temple.
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We need to put out a BOLO for Rick…or put his face on the back of a milk carton.
RICK…….is taking an RandR………most likely in Florida with his mom……
Mother that is……..
Bo Pony at USA Watchdog
again…….or was that a couple of day’s ago
4-3-2016…….last report
Gary Savage talking trash about you guys again. With every dead cat bounce in biotech or oil, he will mouth off.
Still waiting for that a new time high on the S&P500 (been a year now) for your vaunted bubble phase, buddy. That guy is completely insufferable.
still waiting for that new ATH*
CHRIS ……….GARY has a note for the KER reporting at his site……. says you missed the call 🙂
The missed call is on OIL…….
Oh – I see. Well, if it pans out that way, I guess I can’t be right on everything like Gary is, huh?
You are a good sport………gary is just PO ed……..I think……… 🙂
Like my old 10th grade math teacher used to say, “I just consider the source.”
Hear hear. Lets all do Gary a big favour and forget him Jerry. He does not deserve the press.
Missed the call on Sarepta? Anavex? Ruger? Claude Resources? Houston Lake?
Anyone that ‘brags’ about a call like Gary is not only showing his childishness, but is setting himself up to eat crow down the road since no one, repeat NO ONE gets it right on everything, all the time. Fact is, Gary has missed calls in the past. I think your views on oil will be vindicated in the long run since the supply picture hasn’t changed and I don’t think anyone has turned the effects of supply and demand on their head. They both still count! JMO
Like bottom calling gold incorrectly three times last year. Sheesh. That Gary gets a big pat on the back for getting it right the fourth time (as if it even counts!).
People are always waiting for $20’s oil and losing a great long term buying opportunity as they are just “not excited”. I loaded up heavily in BP all the way down to 28.80 and it is now 30.15. The general market is doing nothing and energy and VIXY need to be owned in this market. I bought back my vixy just under $12 having sold it too early a few days ago at a loss. Traded Nflx a 2times today too but the market is looking weak so far.
I am not sure oils destiny is done yet, Paul. As I mentioned here recently there is substantial trouble coming vis-a-vis China credit markets that should land this year and if I am correct then its going to wipe away a lot of market bullishness in a hurry.
Sometimes a big surge in a market is nothing more then a prelude to a big fall.
It is still a great trade for some easy profits while you wait to go long for the longer term.
Hell yes!
I think its easy to miss something, there is way too much to cover.
Personally, I think dividend payers should have been covered here for the last 4yrs? about, but they were pretty much all missed.
That and discussing he points at which to short gold, but that as everyone recalls was not a popular topic.
Jay Taylor had a fellow on the other day that listed multiple companies that doubled tripled etc and increased dividends by 100s of % over the last few years, PMs has just just not been the most profitable sector to be in.
So, anyone focused here has missed LOTS.
My point of course is ANYONE can say someone else missed a call.
People have mentioned dividend stocks and DRIP plans……(dividend re investment plans) in the last 4 yrs………just not a topic, since this was a PM SITE…
Nobody missed anything in a dividend plan, even if they were here everyday…..A dividend plan is LONG TERM planning , pick wisely up front, and relax and coast., pick up the check …10 yrs…………..DIVERSIFICATION…………
Here’s a stock I have not seen mentioned:
Oban Mining.
Major strikes at Windfall mine. OBM.TO.
I don’t own the stock, because I concentrate on Silver.
John EMBRY comes out:
I have said this before, and have been saying it for months, the bankers love this market because they can manipulate it so easily for their own gain.
The Fed says such and such and X should happen but Y actually happens. The Fed says Y and instead X happens. Different sectors get pumped and dumped randomly.
The bankers are loving it – don’t forget, ex-bankers run all the central banks around the world. Is there such a thing as an ex-banker?
Al used to be a Banker. Now he is officially an Ex-Banker.
One problem I have with the notion stock markets are about to take off in a big way is that financials are getting hit so hard lately. Virtually every ETF is red for the year and some bank stocks are just getting hammered.
Another problem I have is that bond markets are not agreeing the economy is about to improve anytime soon. Third, JUNK is in a long steady decline and fourth, we are entering an earnings rut that could go on a long time.
All those factors together don’t paint a great picture for me so I am not on-board with the idea stock markets are on the verge of another big breakout. Why would they?
It is more probable commodities will finally catch the bid as the alternate batter and general equities markets fade. But since I can say I really don’t know for sure one way or another I guess I will just stand aside and see which way things break. I have to admit there are times when I honestly don’t know what is coming and this week is one of them.
Barclays is being hammered in the UK. I have listened, on a UK forum, various people trying to call a bottom in the past year. It has halved.
I don’t see where the demand is going to come from for the base metal miners – but such thinking meant that I sat by and totally missed the rally in the likes of FCX, TCK, Glencore, Rio, etc, since mid January.
I still do not see why they went up other than they were just such a beaten down sector that the big boys suddenly decided to jump in. Ditto oil. I think that is the trend going forward at the moment. Hence why, probably, biotech is getting a bid now.
Lundin Gold moving up sharply today! LUG.to
Lundin mining too, LUNMF but not so much.
Argentina’s President apparently did not report interests in offshore companies in his tax returns.
Street Protests…..
oops……………….
About that big jump in oil today, Chris……that was primarily related to an unexpected surge in the Canadian dollar which oil tracks with fairly dead accuracy lately. A great deal of what is happening in commodity markets can be traced right back to currency performance (Gold and Yen being the number one example).
Now what is interesting is that currency markets are fairly unregulated relative to stock markets and futures so if there were efforts afoot to change the trajectory on oil or gold pricing we would see that happen in currency markets first.
Knowing that is all the information we need to judge how stocks themselves might perform so its well worth everyone’s time to pay close attention to what is happening with money itself and the relationships of the USD to other major currencies.
You know all this already. My comment is for the benefit of those who don’t or those who are unaware FX trading is really the last Wild West of the investing world where pretty much anything goes with no official oversight whatsoever.
It is the pivot point in other words. The place you would choose if you wanted something else to move a certain way. Course you need a whole lotta money to make things move in that arena.
But it can be done.
And about Uranium….my problem with that sector is that I have been hearing this same story about a big breakout coming for almost seven years now! I am pretty sure its been that long. And at one point years back I was all gung-ho and buying the miners in anticipation of this huge coming breakout. Never happened though and glad I dropped most of them since then. I am open ears though if anything actually happens but I won’t watch it with much excitement until I hear there is actual life percolating.
Chris, I bagged 11% on DWTI this week.
FED……….keeping everyone frozen by different comments……..this gets the FED some more time to jack everyone around. They have been in a corner for years,
FED should all be on the same page….if, the game was the same.
HOUSE OF CARDS……ditto OWL