Friday, June 16, 2017 9:12:19 AM
Many others posting better charts out there: Weazelboy in NUGT, Kamakiri in WTI, Myself here. I don't post much and often only do so for recordkeeping or for just plain fun. But if it can help you out, all the better!
I'll be going for oil today. Expecting 30-50% gains within 2 weeks from UCO or UWT. OPEC's gonna come out with something to save the day. Next week's inventory report's gonna show a draw in gasoline stocks (after 2 hefty builds), and i'll be out by 48.70 ish....
NatGas could surprise today. Weather came out colder than expected, could backtest $3.02 unless rig report comes out with big numbers. Still holding my UGAZ's from $3.07 waiting for $20's...
And... I still think gonna be buy time for gold. It needs to hit 1250.... overextend to 1245 maybe.... but JNUG rebalancing done with today should be great for an upswing early next week.
Chelsea? The only reason I was there was to communicate with Stan. That guy that posted there yesterday knows the real story. Hopefulle he'll post again today. Anything under 75 is a great buy.... if you're not in a hurry. Volume stinks but if Australia can get their shit together and start exporting NatGas properly, Chelsea would benefit greatly.... nickle easy. The federal govt would need to build decent terminals... like Cheniere here.... but that's way off.
Sorry for the long post. But you asked for it!
Have a great day!
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