A Game-Changing Crash . . . .

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A Game-Changing Crash . . . .

Feb 28, 2020 | 09:59 31
Quote Originally Posted by dmlfarmer View Post
Lets put some actual numbers to Saskfarmer's claims. The Dow is down 12.9% since its all time high on Feb 17th. The TSX is off about 6.7% since its all time high on Feb 2oth. Keep drinking the koolaid Saskfarmer!
Quote Originally Posted by Hamloc View Post
Dow Jones was up 28.9% in 2019 and the TSX was only up 19% in 2019, so no doubt the Dow had further to come back down.
Yeah... TSX still not even down to the lows of the dip over Dec '18 / Jan '19. The stock market is a yo-yo.

I'm more worried about what commodity markets are going to do, and what products will be made unavailable by disrupted supply chains this growing season. Reply With Quote
Feb 28, 2020 | 10:02 32 Gold collapse in-progress . . . . what a mess . . . . Reply With Quote
Feb 28, 2020 | 10:05 33 Toronto TSX index collapse in-progress . . . another mess . . . . Reply With Quote
Feb 28, 2020 | 10:08 34
Quote Originally Posted by errolanderson View Post
Toronto TSX index collapse in-progress . . . another mess . . . .
No worries...the trust fund kiddies say it is all good....not a phucking clue about how to build wealth from this country's resource wealth, intelligence of people, safety of overall living...

It is depressing when a country can't fire on 8 cylinders and the guys running the show are pulling spark plugs to limp an economy into a recession on purpose... Reply With Quote
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  • Feb 28, 2020 | 10:23 35 Just think this could make Justin Trudeau a millionaire, isn't he a billionaire now ? Reply With Quote

  • Feb 28, 2020 | 10:39 36
    Quote Originally Posted by errolanderson View Post
    Tesla down 31% today . . . takes your breath away.
    Maybe the eco-radicals realized the power infrastructure isn't there to charge a car at every household. ..

    Will require a full rebuild according to a BC hydro executive. ..


    And while electric vehicles use public roadways they pay no road tax when you consider the incentive required for people to buy them. Reply With Quote
    Feb 28, 2020 | 10:48 37 Bottom in grains. Buy with both hands. Reply With Quote
    GDR
    Feb 28, 2020 | 11:13 38
    Quote Originally Posted by errolanderson View Post
    Gold collapse in-progress . . . . what a mess . . . .
    If gold is the usual safety vehicle, where is all the money going that's leaving equities and commodities? Just to cash? Reply With Quote
    Feb 28, 2020 | 11:16 39

    It appears the masses believe in govt not defaulting on debt. It's gonna take a bit yet but from the frying pan into the fire as they say. Heard about a 400k margin call this morning. The collapse of crude will affect the world's govt ability to make interest charges. This is a perfect storm and it's gonna rattle the boomer generation to its core. We have never been here. Reply With Quote
    biglentil's Avatar Feb 28, 2020 | 11:16 40 Tesla and others were in a massive bubble created by the Feds easy monetary policy and I Can't Believe Its Not QE. The coronavirus pricked a bubble that looked like it was on the verge of was popping anyway. No different than when Lehman Bros triggered a US housing sector collapse in 2008. All you have to do is look at what happened between 2008 and 2011 to see what comes next. Canadian resources soared as well as the Cansdian $.
    Last edited by biglentil; Feb 28, 2020 at 11:20.
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    Feb 28, 2020 | 11:26 41
    Quote Originally Posted by errolanderson View Post
    Tesla down 31% today . . . takes your breath away.


    what fn planet are you on?

    fear mongering...you obviously don't own tesla. Reply With Quote
    Feb 28, 2020 | 11:27 42
    Quote Originally Posted by bucket View Post
    Will require a full rebuild according to a BC hydro executive. ..
    Worse than that. There is some article in the Nat Post talking about this net zero BS. Even if the entire oil patch was shut down, Canada would still have positive emissions. The only other place to go would be to electricity all the vehicles in the country to meet that pledge. In Ontario that would mean doubling the generation capacity.

    You gotta a read this stuff and then realize the clinically insane are in charge.

    The big zero in Ottawa's net-zero carbon plan

    There is no viable alternative to fossil fuels at scale and there is no technology available to capture carbon. Lack of technology, however, has not prevented advisers, consultants and policy-makers from using carbon capture as the black hole into which all the problems of net zero are stored. We have no idea today how to hit the 2050 targets, so let’s assume we will have the technology some time in the future.
    Other alternatives include building more non-fossil energy sources, renewables, such as hydro, wind, solar and nuclear. But to produce the power needed in Canada to offset fossil fuels would require building two-and-a-half $13-billion hydro dams every year for the foreseeable future. Internationally, it’s estimated that getting to zero would require building one new 1.5-gigawatt nuclear power plant every day for the next 30 years.
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  • Feb 28, 2020 | 11:34 43 Any one here ever been in the CIBC Wood Gundy office in Regina? Did you notice the security system? Reply With Quote
    biglentil's Avatar Feb 28, 2020 | 11:36 44
    Quote Originally Posted by errolanderson View Post
    Tesla down 31% today . . . takes your breath away.
    Errol you may wanna check your glasses. TSLA Down 3% today. Reply With Quote
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  • Feb 28, 2020 | 12:14 45
    Quote Originally Posted by GDR View Post
    If gold is the usual safety vehicle, where is all the money going that's leaving equities and commodities? Just to cash?
    Bitcoin obviously Reply With Quote
    Feb 28, 2020 | 12:50 46
    Quote Originally Posted by pourfarmer View Post
    Bitcoin obviously
    Traders stating: Heavy equity margin calls triggering exit from gold positions to free up cash and margin stock positions. This has triggered the largest one (1) day gold price decline in three (3) years. Reply With Quote
    Feb 28, 2020 | 13:18 47 Bitcoin won't save you. Down 3 % Reply With Quote
    Feb 28, 2020 | 13:30 48
    Quote Originally Posted by agstar77 View Post
    Bitcoin won't save you. Down 3 %
    Farmland? Better than gold. And holds heavy artillery nicely. Reply With Quote
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  • Feb 28, 2020 | 14:47 49
    Quote Originally Posted by macdon02 View Post
    Bottom in grains. Buy with both hands.
    Wheat bounced off some key support in style. Veg oils held their own.
    Will reserve judgement on corn and soybeans
    Canola has a ways to go. Good recovery with some good volumes to end the day,week and month. I'll keep my hopes up till around 451 in the July Reply With Quote
    Feb 28, 2020 | 15:07 50
    Quote Originally Posted by farming101 View Post
    Wheat bounced off some key support in style. Veg oils held their own.
    Will reserve judgement on corn and soybeans
    Canola has a ways to go. Good recovery with some good volumes to end the day,week and month. I'll keep my hopes up till around 451 in the July
    Crisis over lol. 650+ points in DJ last 15 mins Reply With Quote
    Feb 28, 2020 | 15:52 51
    Quote Originally Posted by errolanderson View Post
    Gold collapse in-progress . . . . what a mess . . . .
    I have to tell you, you seem to be enjoying this a little too much

    Tesla down!!!!! Tsx what a disaster!!!!!!

    Your down in the dumps, doom and gloom depressing comments on here are hard to take at the best of times, but this victory lap is a joke. So the markets are down, they will come back. Reply With Quote
    Feb 28, 2020 | 16:03 52 Don't knock it SK, you need both sides to see sentiment. Ive seen calls for new highs quicker then you might think. Over exuberance usually indicates a move is getting ripe. There's value in these comments and you need to know what to look for to put it to use. In this case, gold was signaling that the risk was over, the fact it was moving up in sync with equities is a giant flag that something is coming. Then you apply technical analysis to see just how far it can go. You could pick the top just on comments made here about gold continuing up when it had failed to break 1700. There's little bread crumbs dropped all the way to a change in trend. You just have to look and listen. A more bearish then bullish sentiment as a grain producer will serve you very well 18 out of 20 years. Reply With Quote
    biglentil's Avatar Feb 28, 2020 | 16:23 53 Dont worry a big fat stimulus package is coming. Fed just has to hit ctrl-print. Reply With Quote
    Feb 28, 2020 | 16:46 54
    Quote Originally Posted by macdon02 View Post
    Don't knock it SK, you need both sides to see sentiment. Ive seen calls for new highs quicker then you might think. Over exuberance usually indicates a move is getting ripe. There's value in these comments and you need to know what to look for to put it to use. In this case, gold was signaling that the risk was over, the fact it was moving up in sync with equities is a giant flag that something is coming. Then you apply technical analysis to see just how far it can go. You could pick the top just on comments made here about gold continuing up when it had failed to break 1700. There's little bread crumbs dropped all the way to a change in trend. You just have to look and listen. A more bearish then bullish sentiment as a grain producer will serve you very well 18 out of 20 years.
    I get it, but his way of going about it is over the top. Reply With Quote
    Feb 28, 2020 | 16:55 55
    Quote Originally Posted by macdon02 View Post
    Bottom in grains. Buy with both hands.
    On holidays will watch with both eyes. Reply With Quote
    Feb 28, 2020 | 17:49 56
    Quote Originally Posted by sk_wheatking View Post
    I have to tell you, you seem to be enjoying this a little too much

    Tesla down!!!!! Tsx what a disaster!!!!!!

    Your down in the dumps, doom and gloom depressing comments on here are hard to take at the best of times, but this victory lap is a joke. So the markets are down, they will come back.
    SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

    I wouldn't touch any stock in the TSX that's not cross listed in the US. Reply With Quote
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  • Feb 28, 2020 | 18:15 57
    Quote Originally Posted by jazz View Post
    SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

    I wouldn't touch any stock in the TSX that's not cross listed in the US.
    Maybe, I guess we will see. Reply With Quote
    biglentil's Avatar Feb 28, 2020 | 18:18 58 Tell me how did the Canadian resource sector do from 08 to 2011? Reply With Quote
    Feb 28, 2020 | 18:20 59
    Quote Originally Posted by jazz View Post
    SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

    I wouldn't touch any stock in the TSX that's not cross listed in the US.
    I agree, i havent bought a cdn resource based stock in 4 years, i cant see any growth in this country's resource sector for a long time. Reply With Quote
  • 1 Like


  • Feb 28, 2020 | 19:14 60
    Quote Originally Posted by biglentil View Post
    Tell me how did the Canadian resource sector do from 08 to 2011?
    Consolidated post poned projects streamlined.

    That's a whole lot different than throwing your hands up and leaving the country.

    I was working downtown cowtown at that time and I don't remembers any 40 storey buildings completely empty like the Nexen building currently is. There were building them all over the place. Reply With Quote