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Gold/Mining/Energy : Copper Fox

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From: louel	1/18/2016 7:34:57 PM
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Well Teck's partner likes oil I expected it would go through. This makes Teck's partner the biggest player there. Suncor is the former Petro Canada which came into being when Prime Minister Justin's father Pierre, bungled up trying to Nationalize oil. I didn't like that Communist, Fuddle Duddle Finger flipping Ass Hole. Or any one who was or ever will be connected to him. I have much the same opinion of the Alberta premier. Let private Enterprise run the businesses. Then collect reasonable taxes & royalties without trying to destroy the enterprise. ctvnews.ca Good on Suncor I will watch for a good entry when Oil bottoms. Probably in the latter part of year or even into 2017. At present I think one should be aware of the numerous Bankruptcies in weak oil firms. This could reek havoc with banks as they are still heavily leveraged into the oil industry in the form of loans from when prices were high. Some of these loans are now defaulting. At present I don't view Banks as an investment till things settle down, Just My own Observation. I have been mostly out of the markets for the last while. Waiting for a signal it's reversing. I see the Dow, S&P, SPEW-X, COMPX and the Russell 3000 all in a similar pattern like the TSX and the TSX.V . First was the failure to make a new high. Then they fell through their 50 & 200 moving averages From there it got serious. Is this the overdue correction ? The rise from 2009 was built like a house of cards on a false foundation of borrowed fiat currency. To the tune Trillions of $ @ 80 Billion a month. (The QE Programs) Borrowed luxury. In the TV show " American Greed" The FBI puts people away for life for such Fraud. However I am not a professional or an investment advisor so I may be wrong. If others have a similar or different explanation for this turmoil. I would like to hear it.

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