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  1. #31
    StockLife's Avatar
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    @dc350 - Whoa! oil currently at $29.91 up a whole dollar from yesterday and it has gone as high at $30.20. Let's see if this is just a 1 day thing, they are really trying to keep it at the $30 range. Off to the job I go
    2000 Subaru Impreza 2.5 RS - Dead due to racing
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  2. #32
    dc350 is offline Senior Member
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    I hear you, i work 2 jobs as well. Hopefully not for much longer. We'll see how this year plays out!

    I think were hovering around the bottom, but to be honest. Who really knows? Friend of mine has started to buy HOU.

  3. #33
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    OMG HOD dropped close to $30 then up to $31.90!!! sitting at $31.70 right now.. I was too busy at work and missed all of this! See we are losing money by being at a damn job... Yes HOU is looking extremely tempting, however that decay equation is the reason why I am still holding off, can lose a lot of money holding it.

    Also, WTI is now back below Brent.. Weird days we live in.
    Last edited by StockLife; 01-19-2016 at 08:00 PM.
    dc350 likes this.
    2000 Subaru Impreza 2.5 RS - Dead due to racing
    2011 Mitsubishi RVR - Traded for vehicle below!
    2014 Mitsubishi Ralliart - IT'S NOT A LANCER!!! Hidden Content

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  5. #34
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    Just a heads up, Bank of Canada will be announcing new key rate tomorrow, most likely a drop in key rate
    dc350 likes this.

  6. #35
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    Thank you MasterWhite, appreciate it!

    Here are 2 articles about the rates:

    http://www.zerohedge.com/news/2016-0...ession-deepens

    http://www.cbc.ca/news/business/bank...ncer-1.3408694
    Last edited by StockLife; 01-19-2016 at 09:57 PM.
    2000 Subaru Impreza 2.5 RS - Dead due to racing
    2011 Mitsubishi RVR - Traded for vehicle below!
    2014 Mitsubishi Ralliart - IT'S NOT A LANCER!!! Hidden Content

  7. #36
    dc350 is offline Senior Member
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    Yes, reported the worst economic growth in any developed country. LOL.... Great government we elected. Master, you better not have voted trudeau

  8. #37
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    dc350 - Be out of HOD tomorrow! If rates drop then "currency devaluation" will most likely take place, I'm sure that both you and MasterWhite are well aware of what that is but I will explain for those who do not.

    So let's say that the Bank of Canada decides to lower rates, this will weaken the Canadian dollar as less money will be generated from interest, now why did I say to stay out of oil? Well it's simple really, take any hard commodity (oil, gas, food, water, gold and silver, etc.) even if their value were not to change, they would instantly become more expensive for Canadians to buy as we have just lost more purchasing power (the amount of Canadian money to buy an item) thus, you would need to spend more money to buy that same item. Thus, you would now need to work more time wise to be able to purchase that same item. Do you want to work more to buy food or pay bills? I don't and that's why I am taking trading seriously this year!
    dc350 likes this.
    2000 Subaru Impreza 2.5 RS - Dead due to racing
    2011 Mitsubishi RVR - Traded for vehicle below!
    2014 Mitsubishi Ralliart - IT'S NOT A LANCER!!! Hidden Content

  9. #38
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    you guys should be investing in Canadian dollars which will hit 59 cents per 1 USD, and Canadian Real Estate

  10. #39
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    Quote Originally Posted by dc350 View Post
    Yes, reported the worst economic growth in any developed country. LOL.... Great government we elected. Master, you better not have voted trudeau
    There is no difference who is in charge, its was time for a change. Alberta Oil industry was completely stupid. The lower the Canadian economy is the more foreign investments and orders for Canadian products come in.

    If Trudeau legalizes Weed and tax it, say 33%, this would fix Canadian economy with in 1 year.

  11. #40
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    Quote Originally Posted by MasterWhite View Post
    you guys should be investing in Canadian dollars which will hit 59 cents per 1 USD, and Canadian Real Estate
    I don't have a forex account or else I would have been shorting the CAD hard..
    2000 Subaru Impreza 2.5 RS - Dead due to racing
    2011 Mitsubishi RVR - Traded for vehicle below!
    2014 Mitsubishi Ralliart - IT'S NOT A LANCER!!! Hidden Content

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