Chris Vermeulen - The Technical Traders – Tue 30 Oct, 2018

Oil and Oil Stocks – Is The Bounce Coming?

Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the US equity markets post election and Fed meeting as well as the overall oil market. In terms of oil the price of crude is still making a higher low however the stocks (look at XLE) are telling a different story.

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Chris VermeulenCory Fleck
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  1. On October 30, 2018 at 8:10 pm,
    johnnygeneric says:

    My charts are also showing a $62 possibility.

  2. On October 31, 2018 at 4:45 am,
    Excelsior says:

    Uranium Series Part 9 – Rob Crayfourd & Keith Watson – Kazatomprom Is A Game Changer For The Uranium Market

    by @PalisadeRadio on October 31, 2018

  3. On October 31, 2018 at 4:51 am,
    Excelsior says:

    BHP, Top Miners are Starting to Drive EV’s Deep Underground

    Bloomberg News | about 19 hours ago

    “Getting mines to be completely diesel free is our end goal,” said Andrew Draffin, a project manager at Voltra, a supplier that’s provided BHP with adapted Toyota LandCruiser models fitted with an electric motor and lithium-ion batteries. “We’ve started with light vehicles because that’s the easiest for companies to prove the electric concept.”

    “Eliminating diesel emissions underground reduces the need for costly ventilation of underground pits, while the electric equipment has lower operating and maintenance costs, said Tony Makuch, CEO of Kirkland Lake Gold Ltd., which uses battery-powered trucks and loaders at the Macassa mine in Ontario.”

    “By 10 years from now, I’d think we’ll go from 90 to 100 percent reliance on diesel at some mines to less than 20 percent, the rest will be using batteries,” Makuch said. “If all the equipment was developed now, I’d want to pretty much convert our all mines at once.”