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November 29th, 2020

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Oil Market Update - current stalemate may end in a surprising manner...
Clive Maund  Oct 21  

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Clive Maund  Jul 27  

Crude Oil: Uptrend to October
Tom McClellan  Jul 22  

Oil Market Update...
Clive Maund  Mar 14  

Oil Market Update...
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NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The state—it being so early in the delineation and development process—means a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The state—it being so early in the delineation and development process—means a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,

Energy Fuels Inc.

"Energy Fuels Inc. is the only conventional uranium producer in the U.S. and the second-largest producer overall. It has the potential become #1, given the projects and mines it has on standby or that are close to being in development. At full ramp-up we expect the company to be able to produce 5–7 Mlb/year, in a country currently producing 4–5 Mlb/year. The U.S. consumes 55 Mlb/year, but only about 10% is supplied domestically. U.S. utilities seeking security of supply will greatly prefer U.S. producers over those from Kazakhstan, Russia or Africa. This company is well positioned to benefit from higher uranium prices. We have a Buy rating with a target price of $11.85/share." (12/22/15) - The Energy Report Interview with Rob Chang

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,


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from the publisher
  Robert J. Moriarty

Welcome to 321energy.



Crude Oil: Uptrend to October


Tom McClellan, Editor
McClellan Financial Publications, Inc
July 22nd, 2020
email: webmaster@mcoscillator.com
website: www.mcoscillator.com




5 months ago, I wrote here about crude oil prices dropping below the $50 level, and how that drop was unfolding in a way that was foretold by gold. In that article, I noted that gold's 20-month leading indication said that more decline was still coming for crude oil prices. I noted that the August 2018 bottom in gold prices was foretelling a crude oil price bottom due in April 2020.

And that is what happened, with near month crude oil prices bottoming on April 21, which was the day after the expiring May futures contract actually traded at negative prices. I had no way of knowing that the decline in oil prices which gold had foretold would be as severe as it was. Gold apparently did not know 20 months beforehand that there would be a worldwide pandemic, and a compounding tussle between Saudi Arabia and Russia over OPEC (and friends) production cuts.

Even though the magnitude of the oil price crash was not completely foretold by gold's prior action, gold did get the timing right. And gold also got it right about the rebound after that bottom, although the magnitude of that rebound was similarly extra robust just to make up for the more robust down move into the low.

Looking ahead, gold says that there is more upside movement yet to come for oil prices, heading toward an oil price top due in October, then a slide down into yearend. This week's chart does not show the full picture of gold's price action all the way up to the present day, and that is on purpose. If I included the most recent gold price data, it would distract the eye from seeing the message about what lies immediately ahead for oil prices. But understand that the scaling for gold prices on this chart only goes up to $1500, and right now gold is trading up near $1800. So over the next 20 months (at least), we can expect a big general uptrend in oil prices, assuming that gold's message continues to work as well as it has been working for the last several years.

Related Charts
Feb 13, 2020
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Crude Oil's Drop Was Foretold by Gold
Mar 22, 2018
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Crude Oil Swooping Up On Schedule
Dec 24, 2014
Enable Images to see this Chart
Oil Follows Gold's Crash Pattern

Tom McClellan, Editor
McClellan Financial Publications, Inc
July 22nd, 2020
email: webmaster@mcoscillator.com
website: www.mcoscillator.com


Analysis is derived from data believed to be accurate, but such accuracy or completeness cannot be guaranteed. It should not be assumed that such analysis, past or future, will be profitable or will equal past performance or guarantee future performance or trends. All trading and investment decisions are the sole responsibility of the reader. Inclusion of information about managed accounts program positions and other information is not intended as any type of recommendation, nor solicitation. We reserve the right to refuse service to anyone for any reason. The principals of McClellan Financial Publications, Inc. may have open positions in the markets covered.

Copyright - 2020 McClellan Financial Publications All rights reserved.



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November 29th, 2020

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