patrick.net

Probably not today.... Unless you are shorting.

http://www.zacks.com/stock/news/99558/4-ways-to-short-oil-with-etfs

Graybox says

Probably not today.... Unless you are shorting.

I know, but if we can buy stuff near it's bottom at some future point in time (probably next year?) that is what I am potentially looking to do.

You shouldn't be buying individual or even sector stocks, unless it's for entertainment value.

Carefully consider the definition of the term "fool's errand".

Why not play craps at your local casino?

I totally understand the concept, buy low/sell high which is a skilled trade. lol

Oil will turn around however true credit fundamentals are not on it's side and it will take considerable time to work it's way out. Fundamentals don't support a buy nor does price itself.

bgamall4 says

I know, but if we can buy stuff near it's bottom at some future point in time (probably next year?) that is what I am potentially looking to do.

That part wasn't from me and it's all about price and timing.

Examples:
5 9:15am Thu 3 Jul 2014 Share Quote Permalink Like (1) Dislike Edit Delete

For what ever it's worth in short form
I'm more of an odds player and my numbers say gold has not yet seen its low along with the interest rates heading lower... The $$$ has high probability of getting stronger then most will be prepared for once the S&P actually goes into a real retest mode ($2070). If the facts (price) in that process hold true to my #s and concept the mining companies will follow gold less than $1000 along with silver @ 13-14…. Money flow from the equities will go straight into $$$ cash…. Once that process is over Gold and Silver and mining companies will be ripe to buy…

9 10:22pm Sun 6 Jul 2014 Share Quote Permalink Like (1) Dislike Edit Delete

Facebooksux says

WHat do you guys think of GDJX?

If you pull the charts (5yr+)up on GDJX and consider the volume sense the beginning of the year the volume has risen considerably yet price has stayed tight for the most part with no real momentum. There is short and long term resistance just above the last high and due to the environment of the equities market I give GDJX a low probability of breaking to the upside 33% +/- the same odds I put on gold itself.

I would need considerable confirmation of price heading higher before I would risk locking my capitol up. I don't see anything technically or fundamentally that would give the momentum to break above in this environment although it certainly could happen.

In that case I would be seriously looking for a reason to close at 50+/-, if upside is on the plate it needs to do it soon or the odds of that happening becomes less and less. The dollars to accomplish that momentum are still in the equities and locked up in the RE investment market and it will take many of those dollars to get the job done. Not to mention of coarse those equities/RE investments "will be going" dollars prior to becoming gold investments.

I do believe gold is at tangent in general and we will know if I'm right or wrong very soon.

My best advice is build skill in acceptance when your wrong. This is a traders market if you don't have that skill then the best odds you have are very very marginal to make any money much less any serious money.

Graybox says

That part wasn't from me and it's all about price and timing.

Of coarse it takes some sort of confirmation of price to base a move. Calculating relative information, planning and exaction in and out, what ever price gives you.

Didn't Kurzweil predict that solar will cover our energy needs in 15yrs?

At least we are coming out of a period where it was seen as THE bottleneck commodity of the 21st century.

Oil could become definitively much lower.

Draw the lines in the sand for the future. However, the question. was.

zzyzzx says

Oil related stocks seem to be on sale at the moment, and I am wondering what you think of some of the oil stocks.

We are speaking about now not 15yrs. from now. The answers are in the relevant questions.