Technical outlooks for crude oil, Alterra Power Corp, and Cornerstone
Rick is with us today to share his technical insights on some companies and stocks you have asked about. Today we look at the following…
- Crude Oil,
- Alterra Power Corp. – MGMXF & TSX:AXY,
- Cornerstone Capital Resources – CTNXF & TSX.V:CGP.
Click here to visit Rick’s website to learn more about his technical outlook.
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Rick are you still calling for DOW 3000?
http://www.reuters.com/article/us-yemen-security-missiles-idUSKCN12C294
U.S. military strikes Yemen after missile attacks on U.S. Navy ship
i have been buying back 1000 shares of USO on each dip down to 11.26. It bounced to 11.51. I figure the 1st move after the inventory report may be a false move and it bounced back to positive after the big drop.
Big picture, silver looks fantastic compared to stocks:
SLV:SPY
http://stockcharts.com/h-sc/ui?s=SLV%3ASPY&p=W&yr=6&mn=6&dy=22&id=p42300081303&a=481621477
Agree. I see silver going to 26 this quarter.I also have gold rising to 1550 and the dollar dropping to 89.
I mentioned in April that I thought we could see 26 by the end of the year but I’m not as confident as you right now. I couldn’t be more bullish and I hope you’re right about the timing.
WOW! TLTFF just took off! Is news coming out!? I bought for 33, she sank to 27, was going to buy more when BOOM!
Any word on what caused that spike ?
TLTFF: Xriva: Check news on line. They have an experiment that shows some possibilities for brain cancer. Early stage, but works for mice. Other than that, hoping the human trials are approved in the near term by Health Canada for the bladder cancer tests. That should make it pop also. Today was just some news.
Silver looks “fantastic” compared to stocks??
Are you one of those dealers I spoke about that have been shorting the crap out of silver for 5 years all the while saying what a wonderful buy silver is?
that the most distorted H and S pattern I ever saw
Are you for real? That’s a superbly bullish H&S pattern. Let’s revisit this in a year when you’ll be too happy and too wrong to want to talk about it.
Go ahead and short silver now, I dare you. And do it BIG please.
you never met a silver chart you didn’t like
And you never saw a fact that you couldn’t misinterpret.
+1 !!!
Now Matthew, give James the Lesser some credit. Just yesterday he said that Hillary is the devil incarnate.
Ok, you got me there!
He is more attuned to Hillary’s sins than to silver’s virtues.
Matthew,
If I’m happy I’m good!
I will gladly be wrong!
Lets hope your right!
Good. Then get ready to be happy.
at least my AG is up a little today, that stock was bombed
GDXJ shows great potential for a quick 10%+ move from right here even if the correction is not yet over…
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=9&dy=13&id=p68131350824&a=481625016
Nat Gas has doubled off the lows of a year ago and the fundamentals are looking good now. Is any thought being given to covering Nat Gas and low cost Nat Gas producers like Peyto and Advantage Oil and Gas?
Too many producers took on too much debt.
I have limited myself to gas transportation, GMLP, which seems safer.
Ok Velma calling for $26 silver by year end.
Let’s see how wrong that call turns out to be
I’m not so quick to be critical under the current circumstances. With stocks and bonds and U.S. and world politics/economies being where they are, a lot can happen very quickly.
The U.S. T-bond priced in gold is likely putting in a very significant top…
http://stockcharts.com/h-sc/ui?s=%24USB%3A%24GOLD&p=W&yr=5&mn=11&dy=13&id=p47889682276&a=464882778
The same is even more likely for the Dow priced in gold…
http://stockcharts.com/h-sc/ui?s=%24INDU%3A%24GOLD&p=W&yr=5&mn=7&dy=0&id=p93304728803&a=473023906
Indeed, according to the “experts” that call is “SUPPOSED” to be wrong. I guess only a black swan would need to occur for that to happen. Can’t imagine that ever happening ;}
Gold priced in the Dow Transportation Index shows gold bottoming versus the economy (the economy topping versus gold)…
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24TRAN&p=W&yr=5&mn=6&dy=0&id=p17697986297&a=443305464
confused, there have been many black swans already in five years, from Greece, German wanting their gold back, Brexit, and on and on.
They have all had the same effect on gold and silver – they went DOWN.
Don’t put your hope in black swans, you will be confused, and disappointed
Dollar spiked up too far and too quickly so it should retreat. Just yesterday I was looking at the RSI which was well above 70.
Stocks roaring back!
The never ending bull!