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@Leon The call for a new world currency is running on schedule. The globalists plan decades ahead, just as they started in 1990s that there were five countries in the #MiddleEast to be overtaken over the next few decades. That, too, remains on schedule. In that light, manipulating the price of #gold is a child's play. #silver #USD #oil #Rothschild #Fed http://edgetraderplus.com/market-commentaries/10551
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@Spike The IEA believes the decline in global oil production through natural decline curves is “equivalent to losing the current output of Iraq from the global balance every two years.” #oil http://www.mining.com/web/44-trillion-needed-keep-worlds-energy-demands/
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@Highheat @Spike The #Oil decline curve will also continue to steepen with lack of reinvestment, focus on high decline shale and lack of new projects. Looking at individual companies production that are under financial stress gives us a glance at future production trend.
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@Goldfinger Trying desperately to support $oil prices ~~~> "OPEC, non-OPEC discuss extending supply cut by nine months or more: sources" http://www.reuters.com/article/us-oil-opec-idUSKBN1841IN
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@mike Andrew McCreath‏Verified account @forgefirst 33m33 minutes ago $CAD $FXC #oil #Trump $HCG #housing all cause #forex specs to push short position on #Canada loonie to record level @BNN
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@Goldfinger The commodity conundrum — why are prices so weak? http://www.marketwatch.com/story/the-commodity-conundrum-why-are-prices-so-weak-2017-05-08 "While Chinese authorities can doctor their own economic data, they cannot doctor the price of globally traded commodities, and it would be very hard for them to doctor the exchange rate of the Australian or Canadian dollars, which are major developed market currencies driven by commodity prices." $IronOre $oil
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@Goldfinger "Commodity-linked index AUM did not fare very well over the course of April. In fact, total AUM dipped by $9.6bln, driven by $4.1bln in price driven outflows, $5.3bln in underlying outflows, and minimal additional notional outflows elsewhere. Energy was doubly affected, although prices dominated the $4.2bln outflow. Underlying outflows occurred across the board, with both base and precious metals suffering underlying outflows. All of these flows left total commodity index AUM at $164.3bln, roughly at Q4 2016 levels." ~ RBC http://cdn.ceo.ca/1ch3rsk-Commodity_AUM_Breakdown.png+ $copper $gold $oil $silver
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@Goldfinger $JCO catching some nice price action today even as $oil remains stuck in the mud.
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@anomalloy @zadman, $AVE sounds promising. I'll keep an eye on it. It would help if #oil prices turned around. $CWC had an excellent earnings report, plus they agreed at the AGM that they were entertaining offers. I got in at 0.19 and 0.21, and the chart and indicator is all going in the right direction. Both co's had a good sp rise at this time last year, so here's hoping for more of the same.
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@Pete anyone following $SAVP.L #oil #Africa ?
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@Goldfinger Goldman Sachs out with a bullish call on $oil this morning; below seasonal builds, good time to get long as supply deficit nears.
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@mike Oil&Gas Investments‏ @OilandGasInvest 36m36 minutes ago $WTIC Canadian #oil stocks much more muted than American cousins today with oil price up. If it wasn't for low loonie we'd be really !@#
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@anomalloy Wow! Nice bump today on $ESN @zadman. I wasn't even that familiar with them. I am still expecting to see something like that with $CWC, though more gradual at this point, I guess. I think there are a few analysts paying more attention to the service industry. ie. Goebbels just upgraded a couple. #oil #ninjapicks
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@zadman Come on guys, I can't get rich alone! I was 50% of today's volume, no clue who wants to sell at 55 cents right here. I guess that's what makes a market. Nice pin action in #oil and $ESN. My day is coming..... $AVE
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@Sarb I believe overall #oil sentiments in the market are not very good. Many companies with the best of balance sheets and no debt are struggling to carry on and that is why I think PP is taking too long to close. The investment is really not getting in the oil sector right now.
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@Goldfinger "... the elasticity of China’s oil demand is less pronounced today than in years past." http://cdn.ceo.ca/1ch9ddm-Oil_RBC_5.11.2017.png+ $China $oil
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@Goldfinger $China PPI highly correlated to Brent Crude $Oil: http://cdn.ceo.ca/1ch9o71-IMG_6591.JPG+
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@Spike This is really good news for #SNM #OIL #Kurdistan Chris Bruijnzeels, President and CEO of ShaMaran, commented, "I am extremely pleased that we expect to be producing before the end of June 2017. The Atrush field holds significant resources and the onset of production will allow us to move forward to realise full value from this asset. "https://ceo.ca/@marketwired/shamaran-q1-2017-financial-and-operating-results
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@MiningBookGuy @Goldfinger - ok, i'll be checking intermittently the rest of the day to continue to the interesting #Japan / #GroundZeroCrisis discussion. If we're honing in on #demographics, #Russia is easily most 'at risk'. Yes, #Russia and #Japan are the extreme outliers in terms of important economies with poor #demographics. So I can briefly go through some of my opinion on each: #Japan - #demographics and #CentralBanks intervention are both serious issues. I don't really think their intertwined. I really think pretty much everything else in #Japan 'works', and arguably #Japan is more prepared to deal with #crisis from a cultural standpoint than any other country in the world. I don't think their own demographic issue is 'urgent'... #Russia - the real blow was the steep fall in #oil prices starting in 2014. This already 3 years of a BRUTAL recession/depression in #Russia, that is surprisingly not discussed in the mainstream. Seems the #Russia propaganda machine is working. The thing is, #Russia can be 'ground zero' of the crisis in multiple ways. One is the potential (ongoing?) #hacking around the world, and general #FinancialTerrorism ability. I hat-tip #JimRickards for this (I think it's documented in multiple books of his), and it's a different form of a crisis that comes out of #Russia. But more importantly, the combination of #Russia #oil / #geopolitics / #politics / #demographics issues are MUCH more intertwined (basically unique) in the world. They NEED to do something FAST. This is well documented by some #geopolitics analysts, and still mostly missing from mainstream discussion. This leads right into #Europe ...who gets voted into countries like #France (done) / #Germany (coming in october) is part of this story... (1/2)
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@MiningBookGuy The Cost of Fixing Russia’s Economy May 12, 2017 Putin must choose between trying to save the economy and saving himself. https://geopoliticalfutures.com/cost-fixing-russias-economy/ #Russia #Putin #Geopolitics #GeopoliticalFutures @Goldfinger @thenewjew - i didn't see this new article until just now. I think what @thenewjew mentioned as #Japan potentially being the kindling for a #groundzerocrisis as interesting. But going back to #demographics, i think this article provides some evidence for #demographic problems being more urgent in #Russia than #Japan. In addition, I think one could say that #Russia's cultural history is at least as 'open' to extreme disruption as #Japan's. #Japan is more important to the world from a pure financial sense than #Russia. But in so many other ways, #Russia can be a powder-keg in the coming years, and who knows if #Putin will be overthrown if he can't get a handle on what's described in the article (very much related to low #oil prices). BTW, I do like this #GeopoliticalFutures free email. But it does seem very biased towards the #UnitedStates, and that needs to be taken into consideration. #macro
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@londonkiwi Fascinating article. The implications are incredible. Don't know about the timeline but the direction of travel seems spot on. http://www.telegraph.co.uk/business/2017/05/14/petrol-cars-will-vanish-2025-says-us-report/ #copper #cobalt #lithium #oil
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@MiningBookGuy @Highheat @racker - i like this #GoldOil long-term comparison chart I found a few years ago at #itulip: http://www.itulip.com/images2/GoldvsOil1940-2013wtmk.png+ #gold #oil *EDIT - actually, comparison is kind of confusing. but i think it's easy to forget that oil was pretty much fixed at the same time as gold, back in the 50s/60s
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@MiningBookGuy @TheHolyBuyBull - from a #goldmining standpoint, it's important to note that #oil dropped off a cliff starting around 1983-1984, while #gold held up. I think this was a key contributor to the 'mini-boom' in #GoldStocks around the world at the time, despite the gold price not really going anywhere (and this boom basically ended with the 1987 crash). #the1980s that's one of the areas where the long-term #GoldOil chart is helpful. On the opposite side, #oil was really ahead of #gold throughout most of the mid-70s, and #oil companies of all kinds were a better focus until the tail-end of the 70s. #the1970s Same idea could be applied #the1930s, where gold repriced higher relative to oil via Roosevelt. Just a lot of interesting tidbits throughout history that are relevant now.
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@anomalloy Consolidation trend in #oil & $gas service co's? Even after great quarters across the board with increased drilling/pumping.fracking activity, and abandoned well clean up enforcement strengthening in Canada, most small and medium service co's are still undervalued yet have a great upside potential. $TOT outbid $WRG to acquire $SVY. $SES acquiring $CEB. Now $CWC up 20%+ since announcing 2x revenue over same qtr last year and open to 'strategic alternatives'. Up 11% today on 1.5x avg volume. http://cwcwellservices.com/en/news/cwc_press_release_-_strategic_alternatives.pdf #index
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@Goldfinger US Crude $Oil inventories declining: http://cdn.ceo.ca/1chn4jn-US_crude_inventories.png+
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@anomalloy Oilfield M & A increasing. $PD CEO Kevin Neveu ... there are great deals available for buyers of oilfield services. "The entire space is undervalued right now, Drilling, pressure pumping, everybody's got very low valuations, ourselves included. So I'd say there are bargains everywhere." http://www.msn.com/en-ca/news/finance-top-stories/oilfield-services-manda-rises-with-well-counts/ar-BBBedla $SHLE, $STEP, $SES, $CWC(I'm holding, up 20% since nr's), $ESN, $TOT, $HWO, $FRC, $TCW, #oil, #ninjapicks
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@MiningBookGuy Kenya Oil Industry: Tullow discovers new oil well in northern Kenya https://www.youtube.com/watch?v=lyoWNWMsv18+ $TLW.L #Kenya #oil #discovery ~AUfrica
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@Excelsior #Korelin Economics Report - Weekend Show Sat. May 20, 2017 "On this week’s show we focus on the general makeup of the markets and the blend of politics and economics that investors need to consider these days. We again focus on the metals for the second hour and even get a couple ideas on where money is flowing and how to generate a return this summer." >> Segment 1 & 2: A new guest kicks off this week’s show. Marc Chandler is the Founder of MarctoMarket.com and the Head of #Currency strategy at Brown Brothers Harriman. Over the first two segments we discuss how Marc blends #politics, #economics, and a view on society to mold his outlook for the markets. > Segment 3: Chris Vermeunlen, The #Gold and #Oil Guy, shares his thoughts on a euphoric stage in the markets and if we have experienced it yet. > Segment 4: An update on $MIN $EXMGF Excelsior Mining from the CEO and President Stephen Twyerould. We discuss the permitting for the Company’s Gunnison #Copper Project as well as review the economics behind this development story. >> Segment 5 & 6: A newer guest to the show Christopher Aaron, Founder of iGold Advisor kicks off the second hour. In the first segment we discuss his big picture analysis in terms of #equities, and #currencies. In the second segment we look at the ratio between #senior and #junior companies > Segment 7: The Junior Miner Junkie David Erfle shares his strategy of investing in #explorers, not majors, and following where the #majors are investing. > Segment 8: To wrap up the show we have Joe Mazumdar from #ExplorationInsights. Joe outlines his and Brent’s play over the summer of finding the cash flowing #mining companies. http://www.kereport.com/2017/05/20/politics-moving-markets-short-term-big-picture/
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@Goldfinger Large increase in hedge fund short positioning in energy futures complex: http://cdn.ceo.ca/1ci49js-IMG_6723.JPG+ $oil
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@Excelsior #Oil prices fall on White House proposal to sell U.S. oil reserves Reuters – May 23, 2017 ~oilandgas #Index https://finance.yahoo.com/news/oil-prices-fall-white-house-040219365.html
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@anomalloy STEP Energy Services Ltd. $9.65 Stepping Up the (Completions) Intensity: Initiating at Outperform RBC (PT $13) believes $STEP is well positioned to benefit from dual trends of a cyclical recovery in WCSB completions activity and the longer-term trend of rising completion intensity... views STEP as a high-quality way to play a recovery in oilfield activity levels and the long-term trend of rising completions intensity in Canada. STEP’s growing US coiled-tubing business, as well as a strong balance sheet, offers additional avenues for growth. Ditto $CWC, imho. #oil, #ninjapicks
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@Goldfinger $Gartman bullish Crude $oil and $SPY just now on CNBC.
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anonymous $PNN #Oil
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@Excelsior #Korelin Economics Report - Thur May 25, 2017 Comments on the US Markets, #Gold, and #Bitcoin "Rick Ackerman is with me today to discuss the US markets, gold, and bitcoin. We ask the question… is this the euphoric stage of the markets where nothing can hold them back? As for #gold and #bitcoin where is the right balance between the two investments currently." http://www.kereport.com/2017/05/25/comments-markets-gold-bitcoin/ RECAPPING THE #FED MINUTES AND THE MOVES IN #OIL AND #GOLD    "The major mover today is the oil price and this is on the back on new from OPEC regarding extending production cuts but not expanding them. I discuss this with Chris Temple as well as recap the Fed minutes from yesterday. We also look at gold and its ability to hold steady whether you think that is a good thing or a bad thing…" http://www.kereport.com/2017/05/25/recapping-fed-minutes-moves-oil-gold/ THE METALS CONSIDERING THEIR #CHARTS, THE $USD, AND THE #FED "To kick off today Jordan Roy-Byrne @TheDailyGold joins me to share his insights on the metals. We look at gold and silver and the underlying stocks which all remain in the middle of their trading ranges. We also consider the moves we have seen in the USD and what seems to be a sure Fed rate hike next month." http://www.kereport.com/2017/05/25/metals-charts-usd-fed/
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@Highheat Though convinced of Au & Ag market suppression/manipulation I had never considered that the goal may be to keep metals at the price of production until CEO.ca. I am starting to strongly believe they are using the same game plan on #OIL.
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@Goldfinger $Gartman indicator worked like a charm on $oil yesterday, not yet on $SPY.
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@Vaughan Oil falls below US$50 as OPEC’s renewed cuts seen as insufficient to arrest march of U.S. shale http://business.financialpost.com/news/energy/oil-falls-as-opecs-renewed-cuts-seen-as-insufficient-to-arrest-march-of-u-s-shale #Oil
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@Goldfinger TD bullish CAD, "adjustment to oil shock largely complete," short USD/CAD. $dollar $oil
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@Goldfinger $Saudi by far the largest buyer of US arms: http://cdn.ceo.ca/1cighol-Saudi_Arabia_US_arms.png+ $oil
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@Vaughan #BNN: Reporting on #Husky news from offshore NL: commercial oil production to hit peak production in 2025 in the West White Rose Oilfield, and a new #Oil discovery in the White Rose Basin (with more details to follow). #NL #OIL
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@Vaughan #BNN: Reporting on #Husky news from offshore NL: commercial oil production to hit peak production in 2025 in the West White Rose Oilfield, and a new #Oil discovery in the White Rose Basin (with more details to follow). #NL #OIL
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