Natural Gas: The New Luxury ItemMy analysis for the Natural Gas chart on an all-time scale leads me to believe that we will never see NGAS at such low prices, ever again in our lifetime. The comfort provided by this natural resource is in a paradigm shifting phase and soon to become a luxury.
Naturalresources
Commodities Correction Complete?Among the most noticeable market sectors moving last week was the metals, metals miners and other basic materials stocks. The consensus grows that the Fed is running out of room to continue hiking. The market appears to be viewing that the next 75 basis point hike in November may be the last. All eyes will be on the Fed's forward guidance. Any dovish tone will push stocks higher. One could expect that commodities may continue to be a strong hedge against inflation. IGE is one of many ways to hedge your portfolio against inflation.
The stock appears to have formed an A-B-C correction and may be headed into wave 3. I would prepare for a very long term hold here. One always has to keep in mind that in Commodities, often the final wave 5 is the most powerful. That being said, we are still in the early stages of the commodities move. Also see gold which appears to have successfully tested the bottom and appears headed higher.
SILVER - Strong Rebound on the Multi-Year SupportThe price rebounded strongly on the multi-year resistance.
We also note a bullish positive divergence on the RSI.
SILVER - Long Term VisibilityA breakout could signal a huge run as the price has been consolidating for a decade.
XOM Cup and HandleI honestly think these are conservative targets, XOM could touch 70-80s by August.
Deep Yellow - Long Term Play + Best CEO in the Uranium IndustryConstructing a new mine is always a challenge, but under John Borshoff the odds increases heavily.
Despite the recent price run up, the stock price of Deep Yellow is poised to trade way higher as uranium spot price increases.
The Company expects to produce 2-5mio pounds of uranium during its first years, and is allocating its money in development and exploration to increase its resources base.
Mr. Borshoff was appointed Managing Director and CEO of Deep Yellow Limited in October 2016. He is an experienced mining executive and geologist with more than 30 years of uranium industry experience.
He spent more than a decade at the start of his career as a senior geologist and manager of the Australian activities of German uranium miner Uranerz.
In 1993, following the withdrawal of Uranerz from Australia, Mr. Borshoff founded Paladin Energy Ltd. He built the company from a junior explorer into a multi-mine uranium producer with a global asset base and valuation of more than US$5 billion at its peak.
At Paladin, Mr. Borshoff led the team that completed the drill out, feasibility studies, financing, construction, commissioning and safe operation of the first two conventional uranium mines built in the world for 20 years. He also oversaw numerous successful, large public market transactions including acquisitions and major capital raisings before leaving Paladin in 2015.
Inverse H&S on the Verde Agritech weekly chart targets $1.00The weekly chart of Verde Agritech is showing an inverse head and shoulders pattern that appears to have completed. A breakout from the current level (~$0.57) will confirm the pattern. The distance from the head to the neckline is $0.43, so the target of this chart pattern is $1.00. Fundamentals are supportive in that the company is establishing itself as a domestic supplier of potash to the Brazilian agricultural market and is steadily growing production and revenues. The product has been shown to be highly effective for coffee, soybeans and other crops while also being less damaging to the soil.
The move up is going to be more violent.This move down was from panic selling due to everyone thinking the coronavirus will be here forever. What everybody doesn't know is that active rigs will shutdown at faster rate this time than ever. Already we have active rig count down by 20 this week to 667. If we have 80 to 100 active rigs shutting down a month it will also hurt supply which should balance the current demand. The question is when the coronavirus passes how many active rigs will we have left? My prediction is at that time active rigs will be down to 250 - 300. Meaning US supply will be down to about 5-6 million barrels a day while demand is coming back strong. China was able to flatten out the curve on coronavirus within 3 months. US will most likely do it in 60 days. Also in between people will most likely be getting checks from the government which will expands the currency supply dramatically. I believe that we are going through a one way door were inflation is going to run very high to the point we never go back to what we believe is normal. You will likely see $10+ a gallon of oil soon.
Another thing is we have no gold standard right now meaning they will do whatever it takes to print the currency as much as we need and give it to the people. They will fill every cracks will currency for sure. I truly believe we will have the worst stagflation like Japan.
CHK bullish pullback?I'M EXPECTING A LITTLE MORE OF A PULLBACK HERE AND THEN CONTINUING HIGHER...HOPEFULLY FOR MY PLAN! IF IT RUNS BEARISH TO 5 OR BELOW I MAY BE LOOKING TO PICK UP SOME MORE SHARES.
Triple Bottom Price Pattern ($VNR)The bottom being the 100 EMA. Target the 1.618 ($1.15ish) if you dare.
