Long Position on Silver and Gold?

[Firehaus]

Hate to break it to you but I think the whole market is manipulated. Personally, I just try to be early in or early out as I see new opportunities and trends... not sure how else to build an advantage anymore.

Oh, I totally agree. Its why I invest in real estate. At least I have the illusion of control.




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[roberth]

A little interesting - The 10-year Treasury Note is approaching 3% - https://www.marketwatch.com/investin...countrycode=bx

[MrPrena]

I am thinking about doing some Q projections and Funda Homework on.

Sturm, Ruger (NYSE:RGR)
Vista Outdoor (NYSE:VSTO)
American Outdoor Brands Corporation (NASDAQ:AOBC) - Formerly Smith & Wesson Holding.

[BladesNBarrels]

Headline in today's Denver Post:

Teachers in 12 states have pension funds invested in gun stocks, including Colorado

"Teachers across Florida and at a high school where 17 people were shot dead Feb. 14 pay into a retirement fund that invests in gun companies, it was revealed earlier this week.
It turns out they’re not alone."

[roberth]

The fund managers are charged with increasing value of their funds so I'm sure many of them had funds that held positions in the firearms sector, especially during obama boom in gun sales. Politics didn't enter in the equation b/c this is all about maintaining and increasing fund value.

Now that this has been exposed we'll see what happens, will they divest or hold.

[roberth]

Oil on the rise, Brent crude has driven over the $70 handle to $70.36.

[BushMasterBoy]

Saudia Arabia said they will build a bomb if Iran is allowed to pursue theirs. Gold and silver have been relatively stable the past few years.

[roberth]

Now WTI is approaching the $70 handle, gonna pay more at the pump this summer.

[Irving]

Now WTI is approaching the $70 handle, gonna pay more at the pump this summer.

It's been a fine run.

[roberth]

It's been a fine run.

I don't know why either, looks like we're producing more stateside. Gotta remember that oil is a global commodity and priced on a global scale vs national scale.

https://www.eia.gov/dnav/pet/pet_crd...c_mbblpd_a.htm

Global - https://www.iea.org/oilmarketreport/omrpublic/

• Our forecast for global oil demand growth for 2018 is unchanged from last month's report at 1.5 mb/d. OECD demand in 1Q18 was revised up by 315 kb/d, partly due to cold weather in the US and the start-up of a petrochemical project. There are offsetting reductions to growth in 2Q and 3Q.
• Non-OECD demand in 1Q18, by contrast, has been revised down by 260 kb/d due to weak Chinese data. India's early 2018 growth is strong at 380 kb/d y-o-y in the first two months.
• Global oil supply eased by 120 kb/d in March, to 97.8 mb/d, after OPEC and non-OPEC producers deepened their cuts to 2.4 mb/d. Output was nevertheless 1.4 mb/d higher than a year ago mainly due to higher US production. Non-OPEC supply is set to grow by 1.8 mb/d in 2018.
• OPEC crude production fell by 200 kb/d in March, to 31.83 mb/d, on further declines in Venezuela and lower output in Africa. Compliance with the output deal reached 163%. The call on OPEC crude and stocks will hover around 32.5 mb/d for the rest of this year.
• OECD commercial stocks declined by 26 mb to 2 841 mb and were just 30 mb above the five-year average at end February. The average could be reached by May, on the assumption of tight balances in 2Q18. Product stocks are already in deficit.
• ICE Brent futures averaged $66.72/bbl in March and in recent days have risen above $70/bbl to levels not seen since December 2014. Tension in the Middle East is a key factor alongside tighter compliance with the OPEC/non OPEC output deal.
• After 1Q18's peak refinery maintenance in Europe and the US, global throughput will see a seasonal ramp-up in 2Q18. From March to July, runs will increase by 3.1 mb/d, but supply of refined products will lag behind demand growth.