Oil and Base Metals Establishing Higher Ranges Is Part Of A Larger Story

April 9, 2018

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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    Apr 09, 2018 09:40 PM

    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.

      Apr 09, 2018 09:07 PM

      Good points all. Always good to read the insights on KE Report. The interviews are gold, and some of the comments are platinum.

    Apr 09, 2018 09:20 PM

    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.

    Apr 09, 2018 09:25 PM

    Uranium stocks are moving up on good volume. Very interesting

    Apr 09, 2018 09:58 PM

    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.

    Apr 09, 2018 09:29 PM