Josef Schachter joins me for another look into the depressed oil sector. Being attacked on the supply (from the shutdown in may cites and countries) and demand side (from the Saudi and Russian price war) there are a lot of headwind to hold price down. We discuss possible ranges that oil will trade in and the companies Josef thinks will be the winners when the outlook brightens.
Chris Temple wraps up today’s editorials by recapping the moves today in US markets, gold and gold miners, and with a couple comments on oil. It was a historic day for US markets and a very good day for gold and silver. As Chris points out this is still a time to be very selective and will continue to be as we move forward.
March 18, 2020
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Another week and another headline that drives fear into the markets. This has become the trend in 2020 and has caused a lot of money to be pulled out of markets.
Joel Elconin joins me with his thoughts on how a sense of calm is needed in the markets before an sustainable rebound could happen. We discuss the buy the dip mentality and how the oil crash is adding a whole new fear to these markets.
Ed Moya, Senior Market Analysts at OANDA kicks off today by discussing the anticipated response from the Fed and US government to help support the markets and economy. What’s on the table and will it work? Tough to call either way right now.
Josef Schachter joins me today for comments on the oil sector and provides a little history on the Saudi-Russia alliance that has broken down. We also discuss the moves in oil shares and the possible opportunity it presents to anyone with some cash to deploy.
Doc is back with us and there is a lot to discuss. There is a perfect storm brewing for the bearish case across the board for investors. We chat about the Saudi-Russia fight to lower oil prices and how this is carrying through to a wide range of sectors and pretty much every equity.