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Shifting Sands
Just as "orange is the new black", I think that "oil producers are the new gold miners." It doesn't sound quite as good, but here's my point:
I've written before about the failing shelves of support with various commodities. Silver led the way in mid-September......
Followed by gold a couple of weeks later.........
My premise is that oil is next in line. It sneaked an iota beneath its support recently, but my view is that there's a big swoosh forthcoming:
Thus, my zeal for shorts in the energy sector is stronger than ever. I show XOP below, but merely as a representative of the sector. I'm actually not that keen on XOP itself as a short (or XLE or ERX, for that matter). I am inclined toward individual energy-related shorts, because I think they're going to suffer the same gruesome fate as precious metals miners have. I view GDX as a sneak preview of what's coming up for energy companies.
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the fundimetals can be good and it still can trade to 35 WTC
When it comes to "shorting"...Any stock will do!
just place your "short" and wait
You could be right, but only one thing is certain, if you have physical oil at your disposal, you can actually get shit done.
Good answer, right in my wheelhouse
Video Palestinians break through West Bank barrier to mark Berlin Wall anniversary
Redistribution of Hydrocarbons According to Henry Kissinger
Where's support on XOP? Can someone zoom in more on that chart PLEASE! :-)
Very late to the call:
Here is the clip calling Brent to $78 when still $105, Silver to $13 when $21.50 and Gold to $1019 when $1369, reactional response as we just have a last 10% left to the move.
https://www.youtube.com/watch?v=WII14_XWUws
Done in first week of AUgust at Equity highs.
You got all that from the charts? I'm hearing a lot of this kind of talk lately and it's telling me that we may be at a bottom on the commodities, espeically gold and silver.
I'll take the other side...,
I'm starting to build my positions in them that have the largest proven reserves. Then I'll ride out the storm...