Category Archives: GOLD & COMMODITIES

There’s more upside yet in lumber stocks.

Back in early February, I posted an article suggesting Canadian lumber stocks were poised to perform.   I mentioned that I’d bought one myself – West Fraser Timber (cost $57.85) – which is now just above $70.  A 22% return over … Continue reading

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Will black gold price follow yellow gold?

Until very recently, the oil price and gold price tended to follow a similar pattern, as evidence by the below chart.  The fundamentals driving these prices differ of course, but over my many years I’ve come to expect the two … Continue reading

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US Energy Self-Sufficient – But for how long?

According to the Energy Information Administration, the US is more than self-sufficient when it comes to energy.  For the first time in a very long time, production of energy (all sources) exceeded consumption in 2019. What we do know is … Continue reading

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How bad is it for energy sector? Real bad and getting worse!

When I published “Oil Stocks Should Continue To Be Avoided” on SeekingAlpha.com (March 6th) I was surprised by this comment from a reader: XOM hasn’t cut their dividend for 37 years. CVX hasn’t cut their dividend for 32 years. This … Continue reading

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Low oil prices – great for China

China’s imported over 10 million barrels of oil daily in 2019 according to the Energy Information Administration.  Ten million barrels PER DAY, every day of the year or 3.65 BILLION barrels per year. So a $20 drop in WTI oil … Continue reading

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Oil stocks still worth avoiding – usually fall more than crude prices.

I suggested in prior post that oil would be in trouble due to the COVID-19 impact on fuel demand. The stocks are being clobbered, and one might be tempted to ‘buy low.’ After all, Chevron’s dividend yield is above 5%.  … Continue reading

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OIL Prices Keep Falling; Alberta hasn’t enough troubles?

(I originally published this on Feb. 7th, 2020) We know Alberta has endured a tough time of it; excess domestic oil production due to lack of pipeline capacity (we’re seeing progress finally but oh so slow). Now energy prices are … Continue reading

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FED cut is golden for GOLD!

Although the price of gold has been on the rise long before the onset of the coronavirus (see my previous article), the FED’s surprise rate cut will be the catalyst for new highs.  Those who attended the annual Prospectors & … Continue reading

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First gold, then COPPER in market rebound for resource stocks.

Perhaps the (quiet) rally in gold has been telling us something. Commodity prices typically rise with inflation, and it shouldn’t be a surprise that they tend to be leading indicator – since actual real-time demand tends to occur before the … Continue reading

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Why fertilizer stocks look great!

A good contrarian works to identify oversold and overlooked segments of the market.  One sector that is getting no respect is fertilizers.  Hardly as sexy as the FAANG stocks, like many cyclical plays the time to buy is when the … Continue reading

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