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The Vancouver Natural Resource Symposium is a dynamic event to attend—and be a part of. We invite you to join us and you’ll be rubbing shoulders with high-net-worth, like minded individuals whose collective knowledge is considerable. Andy Schectman will be addressing the general session Wednesday, July 26 from 9:45 to 10:00 am and then holding a special workshop from 2:20 to 2:50 pm in the Boardroom. Please call our office for more details. Stop by Booth C in the Pacific Foyer any time to contect. For travel details, please contact Opportunity Travel and mention that you are a Miles Franklin client.
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Andy,
I have been saying to people that the majority of the downturn in WTI has been manipulation (For what gain only the goons know). It was interesting to see the turn today because they have pushed this about as far as they dare. It looks to me like several events are coming together at the same time with one being Peak Oil that will make 2015 a very interesting year. Do you think there is a chance that they circle the wagons for another beat down of precious metals anytime soon? Thanks.
Don,
Not sure why you would think plunging oil prices, when all other commodities and measures of economic activity, are plunging as well. Sure, there are always paper games, but NO ONE is incentivized by lower prices, and all those “conspiracy theories” about hurting Russia, etc., are just plain ridiculous – as is the concept of “peak oil,” for that matter. WE are damaged more than Russia by plunging oil prices!
As for asking about “is there a chance they’ll attack Precious Metals?” You’re kidding, right? Did you not watch today’s “trading?” The better question is when will they NOT attempt to suppress PMs. Which of course, is when they are overwhelmed by reality – hopefully ASAP.
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Andy,
Maybe this is another way to recapitalize the banks. Just a wink and a nod from the traders at the NY Fed to let the banks know the take down in oil is coming so they can frontrun the public. And then jump back in a couple of days ago for this ball buster rally in E&P stocks. I mean whats the difference between doing it in Au and using something else like oil. And with all due respect I think you are within a year of seeing Peak oil and remember no one will ring a bell when it arrives. You will only see it by looking backwards…Don
Sorry Don, you are way overthinking things – with too much conspiracy theory for me.
And with all due respect regarding Peak Oil, I was a Wall Street energy analyst for ten years – and thus, have quite a bit of knowledge of peak oil.
Clearly, we are not at Peak Oil at low prices; and I assure you, at higher prices we definitely won’t be.
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Andy,
It’s just the banks front-running the people not conspiracy. Same as the metals. I mean when GS traders make money every day of a quarter do you really think they are that good? Champ they have the play book.
Don
I’ve written of these things for years upon years – following working on Wall Street for nearly two decades. Trust me, I know what’s going on.