About time we saw green!

Good Morning,

Finally….

Some love, after seeing the index only trade in the red since the beginning of June we were up 7 points on the ASX at yesterdays close.

Dow Jones up 264 points

Crude Oil up 1.65%

Gold up 0.66%

Iron Ore up past $65.00/tonne

I am certainly feeling happy this morning….

Now…

The big question will be whether the ASX will actually end the day higher …

The answer is yes, it will.

So why the rally? Germany may be satisfied with Greece committing to at least one economic reform sought by creditors to open the door to bailout funds, according to two people familiar with the country’s position. A government spokesman denied that Germany is considering such a deal.

U.S. crude stockpiles capped their longest stretch of weekly declines since August. This is good news for oil……

Yesterday, clients received an email with a DAX (Germany 30 index) recommendation to buy the index through whichever means. If you bought 20 Index CFD’s and put aside 4500 EUR margin, you would currently be up over 5K EUR profit this morning. Should see it trade up to 11,500. Currently 11,259.

To Thirsty Thursday!

LP

Trade Alert – Buy US WTI Crude Oil

Hi all,

I’m a firm believer in this trade alert just issued. You can see the trade alert details further down by clicking the text. I think we will see a strong rebound in the price of oil in the months to come. Please look at the seasonal chart below to see the average price action of Crude Oil over the past 20 years. As you can see, coming into February is when we should start to see a strong move higher as the Northern hemisphere looks to begin their summer. With such massive sell offs in the last 6 months, I think this trade is primed to see some strong returns.

Clients, please contact me about how you can get crude oil exposure in your account through a futures trade, futures options, commodity CFD’s or stock/CFD ETF products with exposure to the oil price.

Non-clients, please ask me about how you can look to open an account with BBY and myself in order to invest in these trade alerts. Visit www.pilkingtontrading.com.au for more on client benefits and the types of accounts available to you through BBY.

Seasonal Chart:

You can view the Trade Alert by clicking here.

Bring on 2015.

I hope that all of you had a good break and the year was successful. Just thought I would pen a quick note to everyone with a few of my views on the 2015 and where I think we can look to exploit a few areas. After a couple of excellent weeks in Hawaii and a great time with family and friends over the New Year and Xmas break, it’s time to knuckle down and focus on making some money this year.

Last year was reasonably successful on the covered call writing strategy front with a return of 18.12% on the Dow Jones portfolio. Trade alerts issued returned an average of 21.45% over 7 trades entered in the calender year.

Looking to the year ahead and there a few areas that I am looking to gain exposure in. Oil and the USD are the first on my radar. I have currently invested in the USO and DBO oil ETF’s with a view that we should see back at $60 by the end of 2015. I think we can see USDJPY upwards of 130.00 and EURJPY below 1.10 by the year’s end.

US: At the risk of repeating myself, when a market comprises 55% of the world, you had better have a VERY good reason for not being at least market weight. Going into 2015 there are undoubtedly some valuation challenges, but also some unexpected benefits from the low oil price. Don’t be too excited by the most recent 5% GDP figure, but I would suggest 2 – 3% REAL GDP is a reasonable expectation and some secular shifts that will present both opportunities and risks.  The consensus is for  EPS growth of around 6.5% and with a current valuation of around 16.2X 2015 the market remains “expensive” as it has been for the last 3 years as it rose 45%.

LP

2014 BBY Energy Conference – Melbourne and Sydney

BBY Limited will be hosting its annual 2014 Energy Conference in Melbourne and Sydney in early September.

Sydney – 2nd September 2014

Melbourne – 3rd September 2014

Join BBY at this conference to find out how you can seize these oil and gas opportunities. Enjoy insightful presentations from the companies listed below.

Please register your interest by contacting Luke Pilkington on (03) 8660 7260 or ltp@bby.com.au

New Oil Discovery off North West Shelf, WA

Aug. 18 (Bloomberg) — Apache Corp., the U.S. oil and gas producer, said its first major discovery in the Canning Basin may herald a new oil “province” for Australia, prompting the shares of its exploration partner to jump the most in 24 years.

The Phoenix South-1 well found oil in four locations and measurements from six samples indicate the reservoir may hold as many as 300 million barrels of oil, the Houston, Texas-based producer said today in a statement.

“The oil and reservoir quality we have seen point to a commercial discovery,” said Thomas E. Voytovich, Apache executive vice president and chief operating officer for its international business. “If these results are borne out by further appraisal drilling, Phoenix South may represent a new oil province for Australia.”

Shares in Carnarvon Petroleum Ltd., which holds a 20 percent stake in an exploration permit covering Phoenix South-1, almost tripled to 24 Australian cents in Sydney trading, the biggest advance since 1990.

Oil production in Australia is forecast to rise to an average of 385,000 barrels a day in the year through June 2015, according to the country’s Bureau of Resources and Energy Economics. Total global output may be 95.1 million barrels a day over the same period, it said.

The latest discovery has prompted new assessments of the earlier Phoenix-1 find and suggests other areas covered by the exploration permit may have the potential for further discoveries, Carnarvon said in a separate statement. Apache holds 40 percent of the permit, with Carnarvon, JX Nippon Oil & Gas Exploration Corp. and Finder Exploration Pty each holding 20 percent, the Perth-based company said.

“This is the most significant new oil play in the North West Shelf since the Enfield discovery opened up the Exmouth Basin almost 20 years ago,” Carnarvon Managing Director Adrian Cook said. “The implications on the rest of our acreage are still being assessed, but the potential is extraordinary.”