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A Focus on Oil and Continuous Weak Demand

Cory
June 7, 2017

Oil continues its move down today now at $46 and change. Down over $2 today on the back of data that showed greater crude and gas inventories, supply remains weak. Chris Temple shares his thoughts on the recent weak data and what story it is telling everyone about the overall economies. We also touch on how China’s continued weakness is not helping the oil price.

Click here to visit Chris’s site for more market and specific stock commentary.

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Discussion
26 Comments
    CFS
    Jun 07, 2017 07:19 AM

    Meanwhile in Massachusetts…..

    QUINCY, Mass. (AP) — A Massachusetts medical marijuana dispensary has created a culinary delight for patients who don’t want to smoke their pot or eat it in the form of sweets.

    Quincy-based Ermont Inc. has been selling cannabis-infused pizza for about three weeks to rave reviews.

    Director of Operations Seth Yaffe says the company has a whole range of marijuana edibles, but he wanted to offer meals that patients could eat without a lot of sugar.

    The 6-inch cheese pizzas sell for $38 apiece. The tomato sauce contains 125 milligrams of THC, the psychoactive compound in marijuana. The company has sold about 200 already. Yaffe says if patients want toppings, they can add their own.

    Only people with state-issued medical marijuana ID cards are eligible to buy the pies.

      Jun 07, 2017 07:08 AM

      plant weed, not corn………..

        Jun 07, 2017 07:46 AM

        Wheat kills more people than pot or other foods, except possibly sugar.

          b
          Jun 07, 2017 07:55 AM

          pot kills people?
          First Ive heard of that and I smoked for about 50 years.

          Now, health benefits, there are more than can be listed without in depth research.

          But,…… only dopes smoke dope, we know that because our ever trustful government has told us that.

          Sugar is a poison tho, thats for sure.

            b
            Jun 07, 2017 07:07 PM

            As for wheat killing people?
            good grief what are people supposed to get fed with?

            Jun 07, 2017 07:16 PM

            Try a barley sandwich !

        Jun 08, 2017 08:09 AM

        Dope is a hallucinogen.

    CFS
    Jun 07, 2017 07:27 AM

    The Russia-Iranian alliance in Syria is miffed at US.

    http://mobile.reuters.com/article/BigStory12/idUSKBN18Y17H

      b
      Jun 07, 2017 07:59 AM

      More proof the U.S.,Britain,Norway etc are supporting isis.

      Anyone notice when Rodrigo Duterte President of the Philippines told the U.S. he intends to do business with Russia/China instead of the U.S., isis just happens to show up in Marawi?

        b
        Jun 07, 2017 07:05 PM

        In Major Blow To Washington, South Korea Suspends Deployment Of US Antimissile System
        zerohedge
        Assad Military Alliance Threatens To Strike U.S. Forces In Syria
        zerohedge

          Jun 07, 2017 07:10 PM

          South Korea can now defend itself………

        GH
        Jun 07, 2017 07:21 PM

        William Engdahl:

        “The recent attacks and siege in Mindanao were nominally done by the terrorist Maute gang and Abu Sayyaf criminal terrorist organizations, both tied to the US-created ISIS fake Islamist operation, a CIA terrorist project created with Saudi money going back to the CIA’s Osama Bin Laden Al Qaeda Mujahideen Operation Cyclone during the 1980’s against the Soviets in Afghanistan.”

        http://www.williamengdahl.com/englishNEO30May2017.php

      Jun 08, 2017 08:39 AM

      CFS:

      Don’t worry about them. Syria is also pretty pissed at the US invasion of a sovereign country.

    CFS
    Jun 07, 2017 07:31 AM
    Jun 07, 2017 07:44 AM

    The GBTC chart looks like it’s about to roll over. I don’t own any Bitcoin, but if I did, I’d sell! Might by the big dip on this one next time around. It sure made one helluva run.

      Jun 07, 2017 07:07 AM

      good question……..is it, ….lot of comments from so called experts………jmo

        Jun 07, 2017 07:34 PM

        Jim Willie out with his comments on BITCOIN……from the “VOICE”…..lol

          Jun 07, 2017 07:35 PM

          noticed Willie use to have about 33,000 followers…..now about 2300…..

      Jun 07, 2017 07:55 PM

      I have a $5 profit stop set on Bitcoin. Chart is looking toppy so I might up the stop and bag $50 profit. I have a $25 profit stop on Ether. I like to give them a long leash.

    Jun 07, 2017 07:53 PM

    About to get stopped out of my newest DUST position. Took profits this week on NUGT, AGQ and Litecoin. Riding into tomorrow 50/50 bull/bear on gold and silver and mining.

    Jun 07, 2017 07:04 PM

    Au Revoir, Paris Climate Accord
    by JULIE KELLY June 6, 2017

    “The Sierra Club even wants your help to “phase out nuclear as quickly as possible.”

    “Nuclear power is one of the lowest emitters of greenhouse gases; according to the Intergovernmental Panel on Climate Change, nuclear energy releases as much carbon dioxide per kilowatt as wind power does. Hydropower, geothermal, and solar all have bigger carbon footprints than nuclear. Moreover, due to their spotty reliability, renewables must be backed up by fossil-fuel power — nuclear does not.”

    “Nobody has killed more clean energy than Jerry Brown and the Sierra Club,” Michael Shellenberger, head of the pro-nuclear group Environmental Progress in Berkeley, Calif., told me. “Brown and the Sierra Club have worked hand-in-glove to kill nuclear plants — which produce one-quarter the carbon emissions of solar panels — in California and around the country. As a result, California’s emissions are two and a half times higher than they would have been had planned nuclear plants been built and existing ones remained open.” Cuomo has been trying to shut down New York’s Indian Point nuclear plant for 15 years; the plant’s operator finally caved and will close it down by 2021. Indian Point provides about 23 percent of the state’s clean power, but Cuomo fantasizes that he can replace that power by building more wind farms and importing hydropower from Canada.

    http://www.nationalreview.com/article/448348/michael-bloomberg-climate-change-group-paris-agreement-still-happening

      Jun 08, 2017 08:40 AM

      Excelsior will you contact me directly? I have a question about silver that only you can answer.

        Jun 08, 2017 08:50 AM

        Sure. I don’t have your email, but please send me a Private Message at ceo.ca and I’d be glad to chat.

        _ Just click on this link and in the upper left hand corner you’ll see a black box that says “Private Message” Please click on that and select “Send Direct Message”.

          Jun 08, 2017 08:51 AM

          Here’s the link: https://ceo.ca/@excelsior

          Jun 08, 2017 08:54 AM

          Ex, you can email him with the contact info at 321 gold.

            Jun 08, 2017 08:20 AM

            Thanks Matthew. That crossed my mind and I did email Bob there at 321.

            Cheers.