A Focus On The Trade In Oil
Doc joins me today to share his thoughts on the oil market. We look at the monthly chart and outline the range price could trade between to the fourth quarter.
Pardu, I own them both not because of fundamentals but just on a technical basis. I’ve been nibbling at Balmoral for over a year now and will add my last tranche soon. It’s definitely now washed out. I won’t purchase Skeena here and chase the move up since I feel there is a very good chance it retraces it move up recently back to its’ level when it made that move. As mentioned again, I don’t hold them because of any raving fundamentals but just as a speculative play since they’re very “cheap” so as to speak. Of course, they could become cheaper if they have to raise more money and dilute their shares but they’re just a cheap gamble here for me on the chance we finally break out in the gold price.
Trump not off the hook. Hasn’t been off the hook. Read the report.
Dang, …you always come up with some great info………..jmo………thanks for posting
Now you see the picture a bit more clearly?
😉
Indeed……… 🙂
Hey Ex,here’s a good little write up about pots
https://seekingalpha.com/article/4257822-bak-portfolio-playi
Doc, what do you think about Balmoral resources BALMF and Skeena ?