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  #1  
Old 12-20-2017,
58695236 58695236 is offline
 
Join Date: May 2017
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I don't like to jump the gun, but I've been watching oil and gold trading since the NY close and neither has been lower than the close and currently Gold (tied closely to oil in price movement) is up $2.40 and oil is up .19 Normally not a big deal at all, but in light of the recent multiple daily drops, perhaps a bottom has been established as this is the first green trend in a while for either commodity. (Silver is also up .21 or 1.9%)
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  #2  
Old 12-20-2017,
5qXCgJayWH 5qXCgJayWH is offline
 
Join Date: Apr 2017
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Default Oil & Gold

I think getting into a few small mining companies might do you some good, if you like that high risk / high return kinda thing.

Some ideas (if you're interested) are Pearl Asian (PAIM) and Unico (UCOI). I've commented on them in the past....just search if you wish.
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  #3  
Old 12-21-2017,
0t1PjaZtFu 0t1PjaZtFu is offline
 
Join Date: May 2017
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Short term i would be a trader in the big oil stocks. In 2-3 weeks the big money will once again be thinging about the earnings coming out end of oct. and early nov. and the big companys like XOM CVX SU MRO will once again be reporting great earnings. If oil holds 65 dollars thru sept then the oil companys would have avg. 70-72 dollar oil in this qtr. The avg. in qtr 2 was $70. CVX reported 2.15 last qtr and this qtr. the est. is 2.07. As long as oil holds $65 my money will be in the big oil companys in a few weeks waiting on another great qtr but for now its in the techs like RMBS PALM and XING. Good luck
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  #4  
Old 12-23-2017,
3YSavXm4lk 3YSavXm4lk is offline
 
Join Date: Apr 2017
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timeframe, timeframe, timeframe! oil gets sold hard for a day, and an embassy gets hit. gold is another story, but rest assured for other reasons i believe september is the annual low point for miners. if you trade for today, and forget yesterday and ignore tomorrow like cnbc, i would be running the other way from oils and miners. but i know tomorrow both oil and gold will be harder to find, and harder to get to market. also, the longer things stay quiet globaly, the more i fear the eventual noise. maybe its being born and raised in eathquake country, but lots of little quakes relieve the pressure leading to the big quake. the longer we let iran stay quiet, the more our possibility of having to use military force increases. good luck all!
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  #5  
Old 12-23-2017,
1rfI3Iv0kY 1rfI3Iv0kY is offline
 
Join Date: May 2017
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i could spout off my speculation as to why sept is weak for miners. i think Peel prolly does a better job of explaing why now, and touches on weak oil. he is a serious goldbug, so of course it could sound conspiritory.

Likely Central Bank Selling In Gold
FN Arena News - September 12 2006

By Greg Peel

Has gold suddenly lost its appeal once more, or is there more to it than that? These are questions being asked currently by nervous holders of the precious metal. Experienced traders remain stoically unconcerned.

FN Arena has noted for some weeks now that a good 100 tons of gold has hung over the market ¡V that which under the Washington Agreement of European central banks is allowed to be sold before September 24. The question has been whether the lateness of the move to sell has meant procrastination, or whether in fact central banks had decided not to sell.
i read this as neither procrastination or "no sale" but rather TIMING.
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