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Mojo : Metals, Oil, Coal and Banks

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Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
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It is where it is at really. Metals, Oil, Coal and their Bankers.

I don't see why I should try and save the planet any more than I do while the Semitic cousins are making squillions out of Commodities and their Bankers. Watching them all fly in for COP made me realise what a mug I am.

You cannot save anything if you are poorer than the bastards who are ruining it.

So this arvo I've gone all in on Metals, Oil, Coal and their Bankers. There. I've said it. F**k em all and roll on a good New Year.

gg
 
I've always thought tobacco stocks offer the most attractive risk/ reward profiles.
 
Shhh, Dona. GG's on the right path.

Edit: I read something along those lines somewhere...iron ore, banks and oil. Coal is up today, so may they all continue next week.
 
eskys said:
Shhh, Dona. GG's on the right path.

Edit: I read something along those lines somewhere...iron ore, banks and oil. Coal is up today, so may they all continue next week.
Click to expand...
Blackrock, Goldman Sachs, The Financial Times, Barrons and Bloomberg I have noticed are continuously stealing your, @eskys , @Dona Ferentes and my best brainfarts and lines.

Is there anything we can do to get even, or maybe buy Tobacco stocks ( those disgusting bent over vape suckers, yukkk ) as well?

gg
 
Last edited:
Goes to show how smart we are, GG.

It's sweltering here, thought Jasper came down from Townsville this afternoon....things got blown all over the place. You're ok with the cyclone? Arrived at your doorstep yet?
 
eskys said:
Goes to show how smart we are, GG.

It's sweltering here, thought Jasper came down from Townsville this afternoon....things got blown all over the place. You're ok with the cyclone? Arrived at your doorstep yet?
Click to expand...
Cyclone, what cyclone?

We tend not to panic until the roof starts a quivering. Having said that, the fifth Mrs Gumnut states "Computer says No" . She uses Wallys Weather.

gg
 
Garpal Gumnut said:
We tend not to panic until the roof starts a quivering.

gg
Click to expand...

When one of the cyclones hit us in Cairns, we thought it was time to locate into our cyclone shelter when a large part of the neighbour's roof went flying past. In those days tobacco was a big thing on the Tablelands. The Tobacco Marketing crowd had signs inside the building "please Smoke in Our Office".
 

Crude Oil WTI Futures - Nov 24 (CLX4)​

Real-time derived

Currency in USD
Disclaimer
68.29
-1.40(-2.01%)
 
Moments ago, the needle for oil was on sell, now is strong sell, but I was caught up in the sudden chaos and bought WDS
 
eskys said:
Moments ago, the needle for oil was on sell, now is strong sell, but I was caught up in the sudden chaos and bought WDS
Click to expand...
Don't worry. I often find in situations as you describe that you will be proven to have made a correct decision. Better to have bought at $24 than $34.

gg
 
What a silly name for a thread. What fool started it. All the usual suspects seem to have added to it.

gg
 
Watching oil today; the needle has swung from neutral to buy on investing.com (these indicators can swing quickly from left to right and vice versa) Can the geopolitical conflicts in the Middle East give oil more legs?

Crude Oil WTI Futures - Nov 24 (CLX4)​

Real-time derived

Currency in USD
Disclaimer
70.97
+1.14(+1.63%)
 
I guess it depends on the Saudis. The mob in Opec + are a mob and have no strategic means of moving the price.

gg
 
Garpal Gumnut said:
I guess it depends on the Saudis. The mob in Opec + are a mob and have no strategic means of moving the price.

gg
Click to expand...
You probably right, GG.

Whilst the following link is about how geopolitical tensions affect the ASX, I'm thinking about how it will impact the price of oil.The needle didn't stay long on 'buy' It's back to 'neutral' now.

How do major geopolitical conflicts affect the ASX 200?

Global equity markets, including the ASX 200, have weakened due to fears of a wider Middle East conflict following Iran's missile attack on Israel. But where do we go from here?
www.marketindex.com.au
 
Thanks. I haven’t read that until now. So the message is concentrate on the ASX as a standalone as other factors ex war affected it more in past conflicts.

Oil is moving up tonight so your concentration on its price is wise. Maybe give our Aussie dog WDS a feed tomorrow. Or STO.

gg
 
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