Posts Tagged ‘NYMEX’

Friday – NYMEX Terrorists Stop Delivery of 144M Barrels of Oil to US!

Help, we're being attacked!  

Not by foreign terrorists, but by the market manipulators who trade at the NYMEX and FAKE Billions of barrels of orders each month in order to drive the price of petroleum higher for US Consumers.  Not only do the FAKE demand during the month, but they also then CANCEL the FAKE orders in order to create ARTIFICIAL supply shortages – just ahead of the summer driving season.  

This is Financial Terrorism of the highest order yet our Government sends no troops out to the trading floor and orders no drone strikes on the ivory towers where the Banksters mastermind these attacks on the US economy every month, costing American Citizens hundred for Billions of Dollars every year in excess energy costs.  

Last Friday, I told you that the 172,551 open contracts that guaranteed delivery of 172,551,000 barrels of crude to the US in July were FAKE and that all but 20,000 of them would be canceled by today.  This morning, there are only 28,550 open contracts remaining.  That means that 144 MILLION barrels of oil that were scheduled for delivery to supply the US in July have been CANCELED, in order to create an artificial shortage of 36M barrels per week next month.  

Click for
Chart
Current Session Prior Day Opt's
Open High Low Last Time Set Chg Vol


continue reading


Tags: , , , ,




Which Way Wednesday – Finally Fed Up?

It's a Fed day today!

That, of course, means MORE FREE MONEY and the markets are giddy with anticipation ahead of the meeting – especially since we had more poor housing data yesterday and that's exactly the kind of bad news that is good news as it keeps the Fed in easy-money mode a little longer.  

As you may have guessed, we shorted oil this morning.  The July contract (/CLN4) expires on Friday and, as you can see from the chart, we continue to find great profits in the sell-off that we predicted would come last week.  We went over some Futures Trading Tips in yesterday's live Webinar as well as the new, bullish positions we've added to our Long-Term Portfolio.  Much as we rail against what we firmly believe will ultimately be a disastrous policy – you simply can't fight the Fed and we're not trying to – it's much more profitable to go with the flow. 

Going with the flow is exactly what we're doing with our oil trades as they STILL have 103M barrels worth of FAKE orders open for July delivery (actually, about 20M will actually be delivered so "only" 80M are fake at the moment) and that is down from the 172M FAKE orders that were open on Friday morning (see chart on Friday's post).  

Click for
Chart
Current Session Prior Day Opt's
Open High Low Last Time Set


continue reading


Tags: , , , , , , , ,




$500 Friday – Follow Philstockworld For Futures Fun!

Wheeeeee!

Our morning Alert to our Members (and Tweeted to our Followers) made over $500 already this morning.  How did you start your day?  

In just 5 minutes we made our first $250 (per contract) of the morning and then we got a chance to re-load at $107.50 at 3:50 where we shorted it again (also noted in our Live Member Chat Room) and second time was already a charm as we got a much nicer run – this time all the way down to $106.75 for a $750 PER CONTRACT gain.  

We're still shorting oil as it retests the $107 line and, if you read yesterday's post, you know why we are shorting oil already but this morning, if you want the late, authoritive word on the subject, the IEA just (7:58 EST) released a statement:

A lightning advance by jihadists across northern Iraq has rekindled concern on oil markets, but the IEA has cautioned that supplies from the leading exporter may not be at immediate risk.

In the past week militants have swept across northern Iraq and were closing in on the capital Baghdad, sparking fears that OPEC's number two producer could be hit and sending oil prices to their highest levels of the year.

'Concerning as the latest events in Iraq may be, they might not for now, if the conflict does not spread further, put additional Iraqi oil supplies immediately at risk,' the Paris-based International Energy Agency said on Friday, on a cautionary note in its monthly oil market report.

USO WEEKLYIn other words, exactly what I told you yesterday!  Of course, CNBC has not reported this news (so far, I'm only finding the report in Australia) – they are still busy mongering fear to
continue reading


Tags: , , , , , , , , ,




Fake-Out Thursday – Oil Scam Continues Unabated

 
What a joke the oil market is!

First of all, the NYMEX contracts for January delivery close on Tuesday and there are still 132,168 open contracts or 1,000 barrels each (132M) scheduled for delivery to Cushing, OK, a facility that can handle at most, 45Mb of crude and is, at the moment, full.  The price of those barrels surged from $86.82 all the way back to our shorting target of $89 yesterday, where we once again had a nice ride down.  Now, in pre markets, it is back over $89 again and we’ll short it again so I’m not complaining about the action but I am upset that this blatant rip-off of the American consumer can go on right under our "leadership’s" noses.  

Logic alone dictates that if 132M barrels are on order for delivery to a storage facility that can only handle 45M barrels that the orders are mostly bogus.  You can track the open interest every day right here so don’t take my word for it, watch what happens over the next few days as the people who are currently pretending to demand oil in January, roll their contracts to pretend demand for February (already at a ridiculous 268M barrels), March (172Mb) and April (60Mb).  Like the great Carnac, I will put the envelope to my head and predict that, by Tuesday, the January barrel count will fall to under 30,000 contracts, while the new front three months will rise by close to 100,000 contacts.  

This is scam #1 in the energy market and it goes on every month since the "Commodity Futures Modernization Act" of 2000 made it possible for thieves to run the energy markets with virtually no regulations.  I’ve been speaking out on this for years and just this weekend, the NYTimes picked up the ball I tossed up over a year ago (better late than never!), when I pointed out that the Global oil scam was costing us 50 times more than the Madoff scandal EVERY YEAR!  We’re not going to go into all that again as I want to highlight scam #2 in the energy markets and that is the weekly manipulation of the oil inventory reports.  

Florida GOP Lawmakers Live For Big Oil ImageYesterday, Criminal Narrators Boosting Crude were very excited to report
continue reading


Tags: , , , , , , , ,




Silver S Q U _ _ Z _ : Would You Like to Buy a Vowel?

Silver S Q U _ _ Z _ : Would You Like to Buy a Vowel?

Courtesy of JESSE’S CAFÉ AMÉRICAIN

"Whoever commits a fraud is guilty not only of the particular injury to him who he deceives, but of the diminution of that confidence which constitutes not only the ease but the existence of society." 

Dr. Samuel Johnson

Another vertical move in silver from the New York open, as the bullion bears who are heavily short silver attempt to cover their paper shorts, which is a trick considering how tight the physical market is, and how vulnerable they are to discovery now that their attempt to suppress the price is falling apart. 

It is like watching the Hunt Brothers silver gambit in reverse. As you might suspect, this is not the kind of action one sees in healthy markets. These volatile price swings are unnerving to most investors, and to the industries who rely on the markets to set prices for their planning in the real economy.

If you like your markets opaque, imbalanced, and dangerous, the NYMEX is your Bartertown.

If this turns into a serious short panic the price of silver could reach its all time high. Markets that are allowed to become this out of sync with legitimate price discovery are inefficient and disruptive to the real economy.

But now we will see if the bullion banks who have sowed the wind, reap the whirlwind.

But for now, the Administration is failing to reform the markets, as seen by the SEC’s latest attempt to deal with a sudden 1,000 point drop in the Dow. It is almost funny to hear the Wall Street squeaktoys explaining that one away on bubblevision.

The Banks must be restrained, the financial system reformed, the economy brought back into balance, before there can be any sustained recovery.

 

 


Tags: , , , , ,




Merry Christmas Eve

First of all, what are you doing here?

Why it’s Christmas Eve, Mr. Scrooge – Most global markets are having a half day so, if you are waiting for a Santa Clause rally on a half-day’s trading, you are very likely to be disappointed.

Remember Marley, who cried: "Business!  Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!"

Marley was a man who worked and worked until the day he died and regretted it every day after.  If you don’t believe in an afterlife and you don’t believe in leaving behind the World a better place than you found it, at least find some time for yourself so people don’t call you "a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner!" 

Those covetous old sinners in Congress passed the Health Care Bill in the Senate today with a 60-39 vote (Republican Jim Bunning did not vote against the bill but was too chicken to actually vote for it) so we can pretty much count on it moving through the House and on to Obama’s desk in the very near future.  While it’s a total botch-job of a bill, at least America has taken the first civilized strep to recognizing that health care is a right and not a privilege – Tiny Tim would be very proud!

We were told by Fox that Health Care reform would destroy the universe but the market has taken the December passage of the bill very much in stride so maybe we should have just gone for it with Universal Health Care after all…  Oh well, maybe next year!  Meanwhile, we’ll be looking for good investing opportunities once we get a handle on the final bill but I still favor the device space (IHI, MDT, BSX, JNJ, GE, ISRG) as well as big pharma (MRK, PFE), who will be able to serve tens of millions of new customers.  Hospitals (UHS, THC) should also start filling up and we always like our CELG as well as AMGN, who should also benefit from adding a population the size of England to the health care rolls right here in the USA.  I’m waiting for the final bill but home health care providers (AMED,…
continue reading


Tags: , , , , , , , , , , , , , , , , ,




Monday Market Madness

A little pullback this morning (so far).

Nothing we didn't expect as we went into the weekend on the short side.  We'll be watching oil with great interest as it's time for USO to roll their contracts this week, as I wrote over the weekend, that can give us a nice pullback in the NYMEX front-month contacts (July) and, of course, the worry is that a drop in oil prices will spook the energy sector, who have been leading the rally for the past month, accounting for almost all of the index gains

I think I spoke enough about oil and the market manipulation that got us here last week so this week I'm going to save space by assuming my readers already know this and I won't be annoyed by GS et manipulating the markets as it did give us some really nice shorting opportunities, so I can't really stay mad at them.  We don't care IF a market is rigged, as long as we can figure out how it's rigged and place our bets accordingly…  Speaking of rigging though, CNBC has the peak oil crew on camera this morning to stop the drop in crude and the WSJ even has a Page One article (right below the fold) that says "US Foresees a Thinner Cushion of Coal."

Wow, I'd love to "follow the money" that led to this article getting front page on the day USO is scheduled to roll their contracts!  Check out the wording of this article: "Every year, federal employee George Warholic calculates America's vast coal reserves the same way his predecessors have for decades…"  Ah, so he's a FEDERAL employee so he MUST be incompetent and he calculates it the same way they have for decades, as if that's bad too (WSJ: How do you measure things that are less than 1 foot?  A:  With a ruler.  WSJ:  YOU FOOL!  That's the same way they've been doing it for decades!).  WSJ cites the "emerging ranks of peak coal theorists" who generally ague that much of our coal reserves are not profitably extractable at current prices, which are 1/3 of last year's prices.  Lies, damn lies and statistics as Mark Twain used to say.  Unlike the WSJ, I would draw the conclusion that conservation and alternate energy are the way to go and this justifies ramping up all such…
continue reading


Tags: , , , ,




 
 
 

Zero Hedge

Black Friday Foot Traffic Down More Than 52%

Courtesy of ZeroHedge View original post here.

By Ben Unglesbee of RetailDive,

Summary:

  • While online sales exploded during the Thanksgiving weekend, trips inside brick-and-mortar stores on Black Friday dropped off significantly, as many ...



more from Tyler

Phil's Favorites

Is Robinhood Good For Investors?

 

Is Robinhood Good For Investors?

Courtesy of 

If you would prefer to listen to this post rather than read it, click the link below.

Michael Batnick · Is Robinhood Good For Investors?  

“Is Robinhood good for investors?”

I was asked this question on a digi...



more from Ilene

ValueWalk

Rockpals 500W/520WH Portable Power Station - Light, Easy, Reliable, Powerful and Affordable

By Aman Jain. Originally published at ValueWalk.

Gone are the days when people traveled with no electric gadget on a camping trip. Nowadays, a camping trip is invaded with all types of gadgets, be it a smartphone, tablet, water filter, camera, drones, GPS units and more. It is not easy to keep all these gadgets powered up throughout the trip, unless you have a portable power station with you. Along with camping trips, a portable power station could also be of use in case of a road trip, or an extended power outage. So, if you are planning to buy a portable power station and are looking for help, then I suggest going for the Rockpals 500W/520WH Portable Power Station.

Rockpals Portable Power Station – easy to use

Rockpals 500W/520WH Portable ...



more from ValueWalk

Digital Currencies

Five Reasons Why Bitcoin is Going Up

 

Five Reasons Why Bitcoin is Going Up

Courtesy of 

Call it the “Respectability Rally”…

A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



more from Bitcoin

Kimble Charting Solutions

Will Silver Price Reversal Bring Another Historic Decline?

Courtesy of Chris Kimble

Precious metals caught lightning in a bottle for the first 7 months of the year, with Gold notching new all-time highs and Silver making to multi-year highs in August. But both have reversed lower since peaking in August and investors should pay attention.

It might be nothing… or it might be something! Especially for Silver, which didn’t follow Gold’s lead in making all-time highs.

Today’s chart is a long-term “monthly” chart of Silver. As you can see, it was hi-yo Silver for the first 7 months ...



more from Kimble C.S.

Politics

Mythmakers: The Men Who Created Donald J. Trump

 

Mythmakers: The Men Who Created Donald J. Trump

Mark Burnett, Jeff Zucker, and the Trustwashing of a Fake President

Courtesy of Greg Olear, Prevail, author of Dirty Rubles: An Introduction to Trump/Russia 

...

more from Politics

Biotech/COVID-19

Oxford-AstraZeneca vaccine is cheaper than Pfizer's and Moderna's and doesn't require supercold temperature

 

Oxford-AstraZeneca vaccine is cheaper than Pfizer's and Moderna's and doesn't require supercold temperature

Now there is a third possible vaccine for fighting the COVID-19 pandemic. Jakub Porzycki/NurPhoto via Getty Images

Courtesy of Sanjay Mishra, Vanderbilt University

The biopharmaceutical company AstraZeneca has released data on what is now the third promising vaccine candidate against COVID-19 – and it has several advantages over those of its competitors, ...



more from Biotech/COVID-19

Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Friday, 12 June 2020, 08:06:43 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Interesting (2)



Date Found: Saturday, 13 June 2020, 12:27:02 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Recession Forecasts Time Frame



Date Found: Monday, 15 June 2020, 11:07:52 PM

...

more from Chart School

Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

more from M.T.M.

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

more from Promotions





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.