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Gold/Mining/Energy : Copper Fox
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From: louel8/5/2015 1:57:00 PM
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For narrow thinking people, one commodity seems to represent the be all end all of the story. Like Oil is the basis of Canada's economy. Or an oncoming recession will be like Armageddon. That is absolutely false. Recessions are a necessary part of the market. They keep runaway inflation in check.

I have said for some time now to be on guard for a pullback. On average these pullbacks occur about 4 1/2 years. Creating entry points for substantial gains. Look at a chart of any stock or commodity. You'll see rise and falls in all time frames. Cycling thru peaks and valleys from oversold to overbought.
Bull and Bear markets are the same thing only they represent the indexes or economies. There were 23 recessions from 1900 till 2008. But look at the angle of the Graph since 1870. The Macro view shows steady incline.
businessinsider.com


Oil has dropped so writers write opinions capitalizing on fear. That's what their editors pay them to do. Sell papers. The people who are behind the pen are not financial wizards, business folk or economists. They are story tellers.

There has been good money made on this oil drop. When oil goes down transportation and Airline stocks soar. Western Forest products in their latest report yesterday, state their profits of 5 cents per share were partially a result of lower energy pricing. Where ever there is an action there must be an equal reaction somewhere. The job of an investor in order to be successful is to be open minded, fexible, and find it.

10 years ago it was peak oil. The world was running out and it would cause an economic collapse.
Today people and writers are pounding the table that oil is history and will become obsolete. Saying nations are abandoning fossil fuels. If that is fact why is China claiming the reserves in the south China sea ?
Or the US , Russia ,Canada and other Arctic bordering countries claiming territory where vast oil reserves are known to be.?
news.vice.com

Don't always believe the front which is being presented to the masses. Rather take a look behind the scenes at what is actually taking place. Oil is far from becoming obsolete. And all the leaders know it. Even at today's prices Suncor's L/Q EPS was .52 cents per share. and paid a Quarterly dividend of .22 cents.
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