Just six weeks ago, bearish sentiment dominated the crude
market, with pundits such as Jim Cramer asking why investors would
want to invest in a commodity that was falling in price. From the
mid-60s trough in June, crude is now trading over $80/barrel,
roughly a 25% surge. The above chart, showing oil inventories
adjusted for the SPR releases, is a powerful visual regarding what
a dangerous game the administration is currently playing.
Bloombergreported on July 26th that gasoline prices are
ripping all over the world.
Also at the end of July, it was reported that U.S. commercial
crude stocks plummeted by 17 million barrels,
the greatest weekly drop since the early
1980s.Accordingly, a powerful short squeeze of both the hedge
fund community (which had significant bearish bets on oil) and Team
Biden appears to be underway. The Saudis and the Russians are
likely to increase the pain for the shorts in the weeks and months
ahead. (By the way, Mike Rothman, creator of the above chart and my
favorite oil market expert, nailed it once again back in June when
he was strongly urging his readers to go long oil and energy
stocks.)
“Comstock, Inc. is an emerging technology company making brave
strides toward the next industrial revolution by providing
breakthrough commercial solutions that demonstrate decarbonization
is not only possible, it’s profitable.” - William McCarthy, Chief
Operating Officer
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EQX looks pretty nice
Posted by raymuy on 14th of Aug 2023 at 10:52 am
EQX looks pretty nice
GLD still in that wedge
Posted by raymuy on 8th of Aug 2023 at 11:24 am
GLD still in that wedge - also we have macd and rsi divergences - and a number of mines are positive today !!!
from David Hay /Haymaker Just six
Posted by raymuy on 7th of Aug 2023 at 04:34 pm
from David Hay /Haymaker
Just six weeks ago, bearish sentiment dominated the crude market, with pundits such as Jim Cramer asking why investors would want to invest in a commodity that was falling in price. From the mid-60s trough in June, crude is now trading over $80/barrel, roughly a 25% surge. The above chart, showing oil inventories adjusted for the SPR releases, is a powerful visual regarding what a dangerous game the administration is currently playing. Bloombergreported on July 26th that gasoline prices are ripping all over the world.
Also at the end of July, it was reported that U.S. commercial crude stocks plummeted by 17 million barrels, the greatest weekly drop since the early 1980s.Accordingly, a powerful short squeeze of both the hedge fund community (which had significant bearish bets on oil) and Team Biden appears to be underway. The Saudis and the Russians are likely to increase the pain for the shorts in the weeks and months ahead. (By the way, Mike Rothman, creator of the above chart and my favorite oil market expert, nailed it once again back in June when he was strongly urging his readers to go long oil and energy stocks.)
GLD wedge forming ?
Posted by raymuy on 7th of Aug 2023 at 10:35 am
GLD wedge forming ?
EXK we finally might be
Posted by raymuy on 7th of Aug 2023 at 10:27 am
EXK we finally might be there : )
more to chew : )
CHWY breaking down into the gap after a weak bounce ...
Posted by raymuy on 25th of Jul 2023 at 11:00 am
more to chew : ) - might be an inv head and shoulder forming
CHWY some divergences and a
CHWY breaking down into the gap after a weak bounce ...
Posted by raymuy on 25th of Jul 2023 at 10:53 am
CHWY some divergences and a wedge forming ?
we might just had wave
GDX bounce commentrs
Posted by raymuy on 25th of Jul 2023 at 10:37 am
we might just had wave 4 and wave 5 is now coming up - the previous top was wave 3
this came up in the
Posted by raymuy on 20th of Jul 2023 at 06:26 am
this came up in the Kiss Tables
this is STX and it has a lower STS than the previous one ? pretty strange or a mistake ?
SILVER MONTHLY LOG SCALE
Posted by raymuy on 14th of Jul 2023 at 05:08 pm
SILVER MONTHLY LOG SCALE
could be a re test
So far both GDX and GLD have pulled back from symmetry
Posted by raymuy on 5th of Jul 2023 at 10:16 am
could be a re test of the break out line - fingers crossed
“Comstock, Inc. is an emerging
Precious metals following through
Posted by raymuy on 3rd of Jul 2023 at 02:59 pm
“Comstock, Inc. is an emerging technology company making brave strides toward the next industrial revolution by providing breakthrough commercial solutions that demonstrate decarbonization is not only possible, it’s profitable.” - William McCarthy, Chief Operating Officer
false breakout ?
Posted by raymuy on 29th of Jun 2023 at 10:19 am
false breakout ?
COT Report Data on Copper
Posted by raymuy on 8th of Jun 2023 at 04:29 pm
COT Report Data on Copper Offer A Glimpse Into Economy
mcoscillator.com
Just a moment...
TGB. copper. One I mentioned
Posted by raymuy on 8th of Jun 2023 at 04:24 pm
TGB. copper. One I mentioned before for a bottom and now looks like an inv head and shoulder showing up
EXK. Inverse head and shoulder
Posted by raymuy on 8th of Jun 2023 at 04:17 pm
EXK. Inverse head and shoulder ?
SQQQ has some divergences rsi
Posted by raymuy on 2nd of Jun 2023 at 04:21 pm
SQQQ has some divergences rsi macd building - !
one for MATT - just
Posted by raymuy on 25th of May 2023 at 05:26 pm
one for MATT - just under it's 61 % decline - commercial copper COT S are pretty strong long ,
Yep, but it looks like
GDX comments
Posted by raymuy on 25th of May 2023 at 03:17 pm
Yep, but it looks like MACD is close to cross as well as pos divergence on MACD
VET another one I'm tracking
Posted by raymuy on 18th of May 2023 at 04:44 pm
VET another one I'm tracking - if the market drops the coming days, it might touch the trendline below ( wave 5 ?????? )