Natural Resource Stocks
Natural Resource Stocks
Gold, Stock Market Correction & Oil Breakout Insights with Dennis Leontyev
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In this engaging episode, Andy and Dennis discuss the current dynamics across different markets. They start with the stock market’s potential correction as signs suggest a high probability of a pullback due to the unusual rise in the VIX, indicating concerns about upcoming volatility. Dennis shares his strategy of buying puts for November, both as a speculative trade and a hedge, and discusses broader economic and geopolitical factors impacting market uncertainty. The conversation then shifts to the launch of Dennis’s new product, VIX Exchange, a newsletter providing regular market updates and trade recommendations. Furthermore, they dive into the oil market’s recent breakout, driven by geopolitical tensions, with Dennis highlighting the positive outlook for oil stocks like Occidental Petroleum and Halliburton. Finally, attention turns to metals, with Dennis expressing bullish fundamental views on gold despite short-term concerns and a watchful stance on silver due to commitment of traders’ reports. Throughout, recommendations for cautious investment amid anticipated market volatility are suggested.

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