With the large correction in the oil price today, we are solidly in the money with our ExxonMobil Short Trade. While I had a pretty good idea that the oil price would begin a correction lower, I didn’t expect it to fall more than 7% in one day. But, that’s the way the market can react…
During the first three months of the year, Gold and Silver Eagle sales reached new highs as investors, concerned about the U.S. Government’s massive stimulus and debt increases, purchased record numbers of the official coins. Already, sales of Silver Eagles surpassed last year’s figures for the same period, and there…
The second-largest shale oil field in the United States has finally hit the ENERGY CLIFF, which means, it’s all downhill from here. The once-mighty Bakken Shale Oil Field Engine that supposedly held 30 billion barrels of recoverable oil is now barely running on just one cylinder. Unfortunately, by the end of the decade…
Why does JP Morgan’s SLV ETF continue to bleed silver?? I discuss this and many other topics with Tom at Palisades Radio. Also, will the continued “Shortsqueeze campaign” bring in more investors and higher prices?? It could. However, even if it doesn’t the mid to long-term fundamentals for silver…
With the world’s economic and financial system heading to hell in a handbasket, more investors are waking up to the SILVER STORY. Evidence of the “Great Silver Awakening” occurred last year as total global silver investment surpassed industrial demand for the first time ever…
This is a Trade Update for our ongoing ExxonMobil short position as well as the oil price. The oil price on the quarterly chart has bounced off a long-term trendline, which may suggest a correction is ahead. Thus, a correction in the oil price will also impact the XLE Energy Sector ETF and ExxonMobil…