Posts Tagged ‘WTIC’

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.  

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Monday Mayhem – Iraq Kicks it up a Notch

Iraq shiite militia

“A well-regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.”

Iraqi citizens are taking it to the streets to stop the Sunni Militant advance that has now moved on to 
Saadiya, a "city" of 20,000 people which leads the US media morons to conclude that they are just about to take Baghdad, a city of 5,672,513.  The MSM plays on American's complete lack of geographical knowledge and poor math skills to excuse the profiteering by their sponsors
(Banksters and Energy Companies) that has driven the price of oil in America up 7% this month – even though oil wasn't this high during most of the actual war in Iraq.  

Anyone who actually knows anything about war knows that the ISIL doesn't have the men, equipment or supply lines to hold what they have now, let alone march on Baghdad, let alone move another 200 miles south towards the nation's oil fields – but that doesn't fit the story the media is spinning, so it doesn't get any play.  

As noted by the New York Times (and pretty much no other paper) the goal of the ISIL is to provoke a civil war in Iraq and many of their clams of captured cities and Shi'ite executions are nothing but propaganda meant to incite riots.  As I said last week, if you follow the money, it trickles down from the $2Bn monthly windfall this unrest is giving NYMEX traders, not to mention the 90M barrels of Global oil sold each day for +$7 ($19Bn per month), 2M of which (+$420M per month) comes from Iraq itself.  

Despite all the unrest, our $107.50 oil short from Friday's post is still going strong at $107 this morning (up $500 per contract) and we're still shorting at the $107 line (those of us not so crazy as to leave shorts on over the weekend) as we're hoping to see some capitulation on the 154,000 contract that remain open (1,000 barrels per contract) on the NYMEX between now and Friday's…
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Phil's Favorites

The COVID-19 virus can spread through the air - here's what it'll take to detect the airborne particles

 

The COVID-19 virus can spread through the air – here's what it'll take to detect the airborne particles

Researchers are working on handheld devices that can signal the presence of SARS-CoV-2 in the air. fotograzia/Moment via Getty Images

Courtesy of Suresh Dhaniyala, Clarkson University; Hema Priyamvada Ravindran, Clarkson University, and ...



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Biotech/COVID-19

The COVID-19 virus can spread through the air - here's what it'll take to detect the airborne particles

 

The COVID-19 virus can spread through the air – here's what it'll take to detect the airborne particles

Researchers are working on handheld devices that can signal the presence of SARS-CoV-2 in the air. fotograzia/Moment via Getty Images

Courtesy of Suresh Dhaniyala, Clarkson University; Hema Priyamvada Ravindran, Clarkson University, and ...



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ValueWalk

Trump holding up coronavirus stimulus checks to block mail-in voting?

By Aman Jain. Originally published at ValueWalk.

It is now clear that there won’t be any coronavirus relief package this week or possibly this month as well. The reason for the collapse of talks is known to be the difference over several provisions, as well as the size of the package. However, it is possible that President Donald Trump is blocking the deal and the coronavirus stimulus checks because of mail-in voting.

Q2 2020 hedge fund letters, conferences and more

No coronavirus stimulus checks due to mail-in voting?

Speaking to Fox Business on Thursday, Trump suggested that he is holding up the ...



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Zero Hedge

Britain's 'A-Level' Results Crisis & The COVID-Education Train-Wreck

Courtesy of Yves Smith's NakedCapitalism.com

Many of you in the US likely missed the A level testing algo fiasco. Here is the short version, from the Financial Times yesterday:

The government is under mounting pressure to come to the aid of secondary school pupils in England after almost 40 per cent of A-level grades were downgraded from teachers’ predictions.

Amid an angry backlash from pupils and teachers, opposition parties and trade unions led calls for ministers to review how A-level results were modifi...



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Kimble Charting Solutions

Silver Could Be Creating Large Reversal Pattern, Says Joe Friday

Courtesy of Chris Kimble

Could Silver prices from 30-years ago be influencing price action this month? Joe Friday suggests it is possible.

This chart looks at Silver Futures on a monthly basis over the past 40-years. Fibonacci levels were applied to the 1980 highs ($50) and 1991 lows ($.350) in Silver.

The 50% retracement levels of the 1980 high/1991 low came into play as support for a few months at each (1). Once this support broke, Silver fell another 50%.

The impressive rally over the past 8-weeks has Silver testing the 50% retracement level as potential...



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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...



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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


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XAU
- Ready to pause, or simply explode.



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SILVER
- Ready to pause, or simply explode.


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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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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...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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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.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

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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.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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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...

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