I am expecting an interesting session today before a 3 days week end (us and Canadian markets are closed on Monday).
With all the rumors going on actually in the oil sector i would not want to be short comes Monday morning as the potential gain to short this sector is now less interesting than the potential of gain on the buy side.
Gold will most probably end the week on a down note and it is too early to get back in because if oil was to rebound massively on Monday due to a production cut deal, gold would suffer dramatically and could erase most of the gains in 2016. So be careful here.
On the stock sides, at this time we have to factor in the unknown: interest rate hike, negative interest, inflation, oil companies going belly up etc etc etc. So this is too much to think about and i am not convinced we have touched the bottom for this sector.
There are 2 companies that i like a lot for gains in medium terms and they are AC.TO and CHR.B. TO.
2 great aviations companies almost ready to get picked up.......I will start buying back CHR.TO whenever it touches a bit under 5$ and AC.TO at about 7$. Both are offering a great return medium term and CHR.TO is even offering a nice dividend.
Enjoy your long week-end and watch for rapid alerts on tweeter @investman2
With all the rumors going on actually in the oil sector i would not want to be short comes Monday morning as the potential gain to short this sector is now less interesting than the potential of gain on the buy side.
Gold will most probably end the week on a down note and it is too early to get back in because if oil was to rebound massively on Monday due to a production cut deal, gold would suffer dramatically and could erase most of the gains in 2016. So be careful here.
On the stock sides, at this time we have to factor in the unknown: interest rate hike, negative interest, inflation, oil companies going belly up etc etc etc. So this is too much to think about and i am not convinced we have touched the bottom for this sector.
There are 2 companies that i like a lot for gains in medium terms and they are AC.TO and CHR.B. TO.
2 great aviations companies almost ready to get picked up.......I will start buying back CHR.TO whenever it touches a bit under 5$ and AC.TO at about 7$. Both are offering a great return medium term and CHR.TO is even offering a nice dividend.
Enjoy your long week-end and watch for rapid alerts on tweeter @investman2
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