Goldtent TA Paradise

Oil vs. Spx

1. Gold Learner says:

   October 19, 2022 - 1:03 pm at 1:03 pm

   Sir Highroller,
   I believe you’re pointing to the fact that energy in particular (and may be commodities in general) are again oversold with respect to SPX.

   Biden’s continuous drain of SPR resources is not helping push the oil price down.
   Only sticky inflation (food, rent etc.) can now exacerbate a further decline in crude oil, methinks.

   While all eyes are on whether the current dead cat bounce in SPX will take it to beyond 4000 again etc. etc., the dip buyers in select commodities and energy stocks may be better rewarded in the near term. If not near term, a slow and steady (snacking size entries) accumulation for the long term is also on the table.

   As DXY takes a breather, and as mid-terms approach, my understanding is the Fed pivot is getting more and more unicorn-ish by the day and the week.

   And, a great article was read by yours truly earlier this week: how many “ESG geniuses” are aware of this? Moreover, how many will admit to this?

   https://blog.gorozen.com/blog/high-energy-cost-hurts-wind-and-solar

   GL

   • Highroller says:

     October 19, 2022 - 1:28 pm at 1:28 pm

     a new interview with SCZ you may like.

     https://anchor.fm/mining-stock-daily/episodes/Introduction-to-Santacruz-Silver-Mining-e1pesnq

     https://cdn-ceo-ca.s3.amazonaws.com/1hgvmga-Screenshot_20220901-074959_OneDrive.jpg

     • Gold Learner says:

       October 19, 2022 - 1:46 pm at 1:46 pm

       Thanks Sir HR.
       I’m still holding all of my OTC Pinksheets SZSMF, despite being up 35% overall.

       Lowest buy @ 0.22, January 22
       Highest buy 0.3468, January 2021.

       Nearly a picture perfect cost averaging down, with slight regret of not having added any more.

       God knows who did what to SZSMF on 3/22/22.

       First partial sell target 0.4075, still elusive.

       Any advice?

       GL

       • Highroller says:

         October 19, 2022 - 2:04 pm at 2:04 pm

         I guess we wait for 3rd quart results and see what the ASIC will be. Arturo bought almost a million bucks worth last week so he seems very confident on progress. Still have my money on SILVERCREST for the long haul. Biden spouted off today for oil companies to keep drilling until electric green gets going and then go away, we are done with ya. More SPR release and he bumbled thru it at again. Oil up 2 1/2 % on his ramblings. lol Still expecting miners to get tossed out with the markets. Good Luck Amigo