Oil and Base Metals Establishing Higher Ranges Is Part Of A Larger Story
Doc joins me today with a look at a couple markets that are establishing higher ranges. Crude oil and base metals, such as copper and zinc are off their highs but maintaining a generally higher range. We correlate the moves to the economy where we are still seeing slow growth. With all the news out of Syria over the weekend we also address the fact that war concerns are not impacting the markets.
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Good points all. Always good to read the insights on KE Report. The interviews are gold, and some of the comments are platinum.
Another dead cat bounce big rally faded away. I dumped my big xop position purchased on Friday as it is not going anywhere soon. Xop appears to be signalling a big fall in the oil price coming along with a big market correction to the 200 week.
Uranium stocks are moving up on good volume. Very interesting
Glimmers Of Hope For Uranium Miners
John Cumming March 28, 2018 – Volume 104 Number 7
http://www.northernminer.com/news/editorial-glimmers-of-hope-for-uranium-miners/1003795038/
Loading of nuclear fuel assemblies begins at Oi plant’s No. 4 reactor
Jiji – APR 8, 2018
“The operation to load 193 uranium fuel assemblies stored in a spent nuclear fuel pool into the No. 4 reactor will be completed by Wednesday.”
“Kansai Electric aims to restart the reactor sometime in mid-May.”
“The Oi No. 3 reactor, reactivated on March 14, is continuing preparations to shift into commercial operations mode. Unless any problems are detected in an NRA inspection, the reactor will start commercial operations as early as Tuesday.”
Rundown on pilbara companies Novo, Degray and NxGold. Lot of information from their point of view. Other smaller companies mentioned. Looks more like a mining district everyday.
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1dcn02j-20180405%20-%20Pilbara%20Playbook.pdf
Market ………………charts included………..
https://www.zerohedge.com/news/2018-04-09/dow-roundtrips-800-points-trump-turmoil-returns
Details concerning Syria are not really limited, southfront has multiple updates daily.
The “gas attack” is the false flag Russia has been saying would happen for about a week.
Israel has attacked Syria again.
Trump contemplates action and the Russians ask questions like “are you guys efing insane?”
Russian Generals have already warned of alot of dead people if the americans are not real careful.
I havnt seen anything about the Houthis hitting a saudi oil tanker and their attempts at hitting saudi oil fields, not in msm anyway.
You would think you would as that is crucial to the oil price.
Another development is Russia,Iran and Turkey are now making arrangements to drop the american dollar entirely.
Just in trade of course.
If I had funds in multiple sectors, I would have at least a toe dipped in oil.