Comments on Gold, GDX and Oil
Doc and I chatted today out our continued outlook for metals and oil. We discuss what it will take to truly turn the sector up for the long term and a strategy for investors. Oil has been a much stronger market but still oil stocks are lagging.
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Not summer, thats doldrums.
Off Topic: Political commentary:
Thanks CFS. Is it too late for Europe to save itself?
Ty CFS; Censorship is truly a big problem in the world today.
Just a guess but I think Islam will be the next dominant god of abraham religion.
Who knows, maybe they even deal with Israel.
I bet you are wrong……….. 🙂
There is neither Greek nor Jew……..which says……..the Jews have been set aside, and the Muslims…will never dominate as it is written….
Doc, what do you think about Skeena resources at this level $.45
long ONTX
Matthew, Doc, and Excelsior, On Mon I bought BTI@47.5 This morning it dropped to 45.08 and now it is over 49 What do you think? Wish I had bought more@45.1 this morning. I always buy a day or 2 too soon.
Bonzo, I think you’re in for a move up that will last for at least many weeks as it has finally reached its double top target.
http://schrts.co/ZoCk6e
Thanks, Matthew. Did you mean to say it has reached it double bottom target of 45, or are you saying it will reach the double top of 71 again? At 45 it was yielding about 6%. I wish I’d bought more this morning.
Matthew, have you noticed that NGD is up 26% today after hiring the old CEO of Richmont to run NGD? What do you think about NGD’s chart? Thanks.
I think the news triggered short covering as well as fresh long side buying. Compounding the effects, the stock had become too cheap.
http://schrts.co/sEfCR9
I don’t own it but it is now very appealing.
I wonder if Doc, Cory, and Al bought NGD@.79 yesterday?
Today’s high (so far) happened at speed line resistance:
http://schrts.co/D2QaAp
Doc when will we see a solid bounce in gold stocks? Summer 2019??