@GavMcCracken Why choose obsidian as your horse for oil instead of Strathcona? Do you think they will execute on their growth plans in 2027 and WTI will remain at $90+ in 2027?
@ronmortgageguy You don’t expect the bank of canada to drop rates if the market and economy starts to falter? Without a trade agreement, I expect even greater economic weakness and if the Iran war abates after the midterms, inflation should begin to fall
@DonDurrett 2) didn’t work in Vietnam and I don’t see it working in Iran. Iran can inflict significant damage upon the global economy and exhaust all of trump’s political capital
@ronmortgageguy Carney cant force Trump to negotiate in good faith and if Trump isnt interested in signing a fair deal, it isnt reasonable to solely blame Carney. Having no deal and renegotiating the matter with a new admin in a few years seems like a better prospect than a bad deal at any cost
@TheApeOfGoldST Rick rule, Michael gentile, Eric Sprott, etc. Have a long time horizon. Their thesis is that 5-10 years from now precious metals will be higher, which aligns with the technical charts, because sovereign debt is out of control. It’s short term pain but the thesis is sound