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A Focus on Energy with Chris Temple

Big Al
July 28, 2016

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The energy sector, at least in the U.S., has hit an all time low for this year.

Discussion
12 Comments
    Jul 28, 2016 28:05 AM

    i am short 3 us oil producers 2 of which are currently loseing money. The trend is my friend however . i expect oil to drop below 30 per barrel at some point. Making money with a ciggerette stock . personelly i dont smoke. best of health and wealth to you all S

      Jul 28, 2016 28:17 AM

      Actually oil il stocks are holding well, only those 3X like UWTI is dropping like ton of bricks. According to Gary Savage, oil is moving in to intermediate cycle low that should bottom soon. I guess time will tell.

    Jul 28, 2016 28:15 AM

    Funny post:

    Safe at last
    I took down my Rebel flag (which you CAN’T buy on ebay anymore). Tossed the “Don’t Tread On Me” flag and peeled the NRA sticker off the front door. I gave the pit bull to my mother-in-law and stored my AK-47. I disconnected my home alarm system and quit the Neighborhood Watch.
    Instead of all that silly stuff, I bought two Pakistani flags and put one at each corner of the front yard. Then I purchased the black flag of ISIS (which you CAN buy on ebay) and ran it up the flagpole.
    Now the local police, sheriff, FBI, CIA, NSA, Homeland Security, Secret Service and other agencies are all watching my house 24/7. I’ve NEVER felt safer and I’m saving $69.95 a month that ADT used to charge me.
    Plus, I bought burkas for my family. When we shop or travel, everyone moves out of the way and security can’t pat us down.
    Hot Damn – Safe at last – Is America getting greater every day or what?

      Jul 28, 2016 28:34 AM

      Cali…sounds like the old adage is true..if you can’t beat em..join em….by the way..I still have most of that mentioned in the first paragraph…

      Jul 28, 2016 28:09 PM

      That’s funny…Good one

    PF
    Jul 28, 2016 28:21 AM

    Let’s name names. Chris is talking about Dennis Gartman.

    Jul 28, 2016 28:09 PM

    I think Chris is spot on and that oil is going down and it will take a load of the base metal companies / oil companies that have soared since mid January.

    Jul 28, 2016 28:15 PM

    Bob UK/RSH:

    Oil bottomed in Feb at $26, topped in late June at $52 and has made a perfectly normal correction. Don’t be surprised with an immediate rally. The difference between supply and demand is a lot smaller than many get. The surprises will be on the long side.

    Oil has gone down seven days in a row and few commodity markets make those kind of moves. My opinion is that we are at a bottom.

    Share markets trade in a different way than the underlying commodity. All commodity shares that have soared are due a correction.

    Jul 28, 2016 28:07 PM

    I am making $$$ on DWTI this week!

    Jul 28, 2016 28:45 PM

    Crude is forming a mini-jaws of death pattern. Topping out at 44. What happens after that is the clincher. The path of highest probability has oil going as low as possibly $26.