Trading Oil and Platinum at Extremes

Published on
March 25th, 2019
Topic
Oil, Valuation, Trading
Duration
15 minutes
Asset class
Commodities

Trading Oil and Platinum at Extremes

Trade Ideas ·
Featuring Rick Bensignor

Published on: March 25th, 2019 • Duration: 15 minutes • Asset Class: Commodities • Topic: Oil, Valuation, Trading

Rick Bensignor, founder of the Bensignor Group, reviews his approach to trading and highlights two particular commodities he’s looking at now: oil and platinum. He examines the fundamental bear case for fossil fuels, notes the potential bullish setup for platinum and discusses how to make the trades, in this interview with Brian Price. Filmed on March 21, 2019.

Comments

  • SH
    Simon H.
    1 April 2019 @ 21:58
    So many chemicals and fuels other than vehicle petroleum are made from hydrocarbons. With the lack of investment in hydrocarbon, don’t count out $200 a barrel in the next 2-5 years.
  • JD
    James D.
    27 March 2019 @ 19:36
    Do people actually pay for this guy's advice?
  • SS
    Simeon S.
    27 March 2019 @ 19:17
    A bit superficial argumentation
  • WM
    Will M.
    26 March 2019 @ 01:07
    I don't strongly disagree with Rick's comment about lower oil prices but I am in the business itself for 40 years and have heard death knells for oil several times before. I think it will fall in a global recession but I disagree the world is awash with oil. Clean energy WILL continue its rapid increase but I think there is one more spike left in the oil market. Investment in non opec oil has been very low for many years. Shale oil may have peaked, if not in the West Texas Permian but certainly in the Baaken and Marcellus. Shale will not last but ten years at these levels.
  • WM
    William M.
    25 March 2019 @ 23:55
    As his chart shows, platinum has usually traded at a big premium to palladium. Platinum also has typically traded at a modest premium to gold and is about 600 times rarer than gold. I think his upside target for platinum seems low...at least from a longer term perspective. I think platinum has more upside than gold with less downside over the next few years.
  • DP
    David P.
    25 March 2019 @ 22:34
    Agree with the medium-term bearish on oil prices. However, the clean energy supplanting fossil fuels in "5 to 10 years tops" is utter fantasy.
  • JS
    Jerry S.
    25 March 2019 @ 18:56
    Been in the oil space for 39 years and I agree with bearishness stated here.
  • JR
    Jace R.
    25 March 2019 @ 10:54
    It feels like the oil short would be a little early...