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Comments on oil, gold, and the USD

Cory
April 21, 2020

Raghee Horner wraps up today by sharing her trading strategy and general outlook for oil, gold, gold stocks, and the US Dollar.

A couple comments I have received were asking if oil is the buy of a lifetime – from a long term sense. Raghee outlines why it is not as simple as putting money into an oil ETF and riding that position for a long time frame. As for gold she has some levels where she would be a buyer again.

Click here to visit the Simpler Trading website and follow along with what Raghee is trading.

In case you missed it there is a special webinar with Great Bear Resources! Click the link below to sign up and have first access to the live event and the recording. 

Great Bear Resources – Thursday April 23rd at 11:30am PT – Click here to sign up

Discussion
3 Comments
    Apr 21, 2020 21:24 PM

    Analyst Chris Temple Told Us We’d See Negative Oil Prices; Now Hear His Current Insights

    Mining Stock Education •Apr 21, 2020 #AudioInterview

    In this interview Chris Temple provides commentary on the oil market and the macro-economic environment. Chris has been publicly declaring we would see negative U.S. oil prices. Yesterday oil reached an unimaginable negative $40.32 per barrel. That means some “buyers” of oil yesterday were being paid $40.32 per barrel to take delivery of the product. What does this insane price action mean and where do we go from here? ”

    https://www.youtube.com/watch?v=ptz5rs92eyU

    Apr 21, 2020 21:55 PM

    Yeh this oil crash is unbelievable! WTI went down as low as $8 per barrel last night. I suppose I better give credit where its due: Well done Clive Maund, 3 weeks ago you said oil was going as low as possible $10 in the near future. And so it happened. Its not always the case but this time one of his out on a limb calls came to fruition. Here in Aus, we are witnessing multi-decade lows in fuel prices. Perhaps theres more to come too.

    Apr 22, 2020 22:56 AM

    America is coming unglued, MCCONNELL say’s states should declare bankruptcy. California, Illinois, and Connecticut, want a Federal Government bail-out. Mitch say’s “no help from The Fed’s you (The States) got yourself in this mess, you can get yourself out.” Can we say “Depression”! https://www.msn.com/en-us/news/politics/mcconnell-says-he-favors-allowing-states-to-declare-bankruptcy/ar-BB1336bq