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An upper target for Crude this year of $60/barrel

Cory
April 4, 2017

“The Gold and Oil Guy” Chris Vermeulen updates us on the recent moves in crude oil. When we last spoke oil was in a downtrend and very close to breaking lower however there was the thought that it would reverse. Currently crude has bounced and Chris is watching for some higher resistance levels to break before running up to $60. We also discuss the relationship between energy stocks, the US markets, and gold.

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Discussion
46 Comments
    CFS
    Apr 04, 2017 04:41 PM

    Trump Tells CEOs He’ll Only Back Shovel-Ready Infrastructure
    By JOSH BOAK – Associated Press – 2 minutes ago

    CFS
    Apr 04, 2017 04:55 PM
    CFS
    Apr 04, 2017 04:03 PM

    Epstein End of Day TA:
    https://youtu.be/goxMfVMMRXg?t=33

    Apr 04, 2017 04:19 PM

    Chris’ hesitancy with PMs is pretty much mainstream……….Could be a good move to take the other side. I guess I’m there since I’m not selling my PM stocks.

    Apr 04, 2017 04:21 PM

    FED NEWS……Lacker resigns……..after leaking info…….. the entire govt is a bunch of leakers…… LACKER THE LEAKER

      Apr 04, 2017 04:23 PM

      above the law, front running, get the news to your friends for gain…….what a joke

    Apr 04, 2017 04:25 PM

    Oil is a shell game…..fracking joke.

    Apr 04, 2017 04:42 PM

    Jamie Dimon warns there is something wrong with the US…..zerohedge
    yes, and it starts with you jamie,

    Apr 04, 2017 04:55 PM

    SAN FRAN politicians consider legislation to tax robots…..zerohedge
    at the rate everyone is leaving San Fran, the only ones left to tax will be the robots….(mequote)

      Apr 04, 2017 04:03 PM

      This is another group of AI entities that will stay in the Gay Area.

        Apr 05, 2017 05:45 AM

        nothing like a happy robot………..

    Apr 04, 2017 04:05 PM

    I am trading the bull side only. UWTIF OTC, 3x, no decay fees, tight spread.

    CFS
    Apr 04, 2017 04:03 PM

    The Susan Rice back story:

    https://youtu.be/eJZoaiiFU8g

    CFS
    Apr 04, 2017 04:08 PM

    https://youtu.be/eJZoaiiFU8g

    Priebus is behind Flynn’s firing at about 15 minute mark.

    CFS
    Apr 04, 2017 04:37 PM

    https://youtu.be/yAap1rM0Dq4?t=647

    Jared Kushner also needs to go.

      Apr 05, 2017 05:16 AM

      Jared ……might think ,he is better than Donald Trump, because Donald is not a PRETEND JEW…..The “A” Jew is in make believe land.

    CFS
    Apr 04, 2017 04:40 PM

    Rick Ackerman on HoweStreet:

    https://www.youtube.com/watch?v=4-IiWzrAiRU

    CFS
    Apr 04, 2017 04:27 PM

    The TRUMP-Russia Conspiracy:

    TRT reports there was no conspiracy, but that a representative of Putin did meet with a Blackwater employee about 10 fays before Trump’s inaugeration to set up a back channel communication with Trump .

    TRT Live link in English:
    https://www.youtube.com/watch?v=N7jfTZLkhms

    Apr 04, 2017 04:33 PM

    I disagree strongly. I like his thought process , but charts dont overcome reality . The world is awash with oil and nat gas. I am supprised that crude is even able to stay above 50. more fracking rigs are slowly being added. Some frac fields in Penn and Texas are profitable at 35 or 40 so i expect more USA production to be added, as well as continued production in Egypt and offshore Africa . stay alert . Some oil stocks maybe good swing trades if you have the nerve [i dont ] best of luck to you all S

    Apr 04, 2017 04:39 PM

    Americas Silver Corp. has only 39 million shares outstanding and will be bringing it’s 3rd mine into operation in the third quarter of this year, there are only nine companies on The TSX and TSX-V, out of thousands that will bring a new mine into operation this year. They have a listing on The TSX (USA) and The NYSE (USAS). Who doesn’t like these metals, silver, zinc, and lead. They have been basing for three years is it time to discover the real plays, maybe Cory you should interview their management, as always DYODD. DT

      Apr 04, 2017 04:53 PM

      +3

      Apr 05, 2017 05:18 AM

      I agree, can you do something on Americas Silver Corp? I own shares in the company. I would like to hear some more in depth analysis, and hear what other listeners think of Americas.

        Apr 05, 2017 05:07 AM

        Thanks for the heads up guys. I have seen many comments on the blog before about the Company but never had the time to look into it. I will reach out to management today and see what I can set up. I will also go through their info and news to build my own opinion shortly.

          Apr 05, 2017 05:22 AM

          If you search on the KER for Americas Silver, USA, USAPF (the old ticker) or the new NYSE listing (USAS), as a group we probably have easily over 100 posts on the company over the last 2 years 🙂

          We’ve spent a LOT of time on the KER reviewing Americas Silver corp, and if anyone takes a little time to use the search function here, there is a treasure trove of info on the old blogs.

    Apr 04, 2017 04:23 PM

    The people that attacked us on 9/11,are still in charge of crude. What is wrong with this picture? EVERYTHING!

    Apr 05, 2017 05:47 AM

    Test.

    Apr 05, 2017 05:20 AM

    GOLD having a hard time holding 1250……….

    Apr 05, 2017 05:47 AM

    ADP report……..jobs surge…….Trump effect……..zerohedge
    More jobs, the obama effect has been smashed….

      Apr 05, 2017 05:50 AM

      new carpet ordered for the Whitehouse, drapes have been fumigated and the oval office has a fresh look.

    Apr 05, 2017 05:42 AM

    PAUL CRAIG ROBERTS……..at ……usawatchdog

      Apr 05, 2017 05:43 AM

      “Fed buying everything”……

        Apr 05, 2017 05:47 AM

        Roberts admits, he did not know what the Fed was doing a few years ago…….

          Apr 05, 2017 05:49 AM

          MSN.. including Europe…bought and paid for by CIA…per Roberts…..

    Apr 05, 2017 05:01 AM

    OWL must be out searching for news…….or vacationing in his retirement years….. 🙂

    Apr 05, 2017 05:34 AM

    Happy DOW…….happy Fed……..fed controlling the purse strings……

      Apr 05, 2017 05:35 AM

      CRASH UP……..going up to Dow going to 43,000….isn’t that what Marty Armstrong said……….