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The Swamp

  • #58,881
  • Apr 4, 2020 8:55pm Apr 4, 2020 8:55pm
Quoting messi80
{quote} Even alittle deeper if there is anything around 1.06600 that would be a* test of the fork line...
Back on 4/2 the high was 1.09666, how about 1.06666 at somepoint?
Motivation comes from within
  • #58,882
  • Apr 4, 2020 10:15pm Apr 4, 2020 10:15pm

Quoting DMA Trader
https://mises.org/wire/why-world-has...ive-fed-action Why the World Has a Dollar Shortage, Despite Massive Fed Action - @Daniel Lacalle must read !
https://a.disquscdn.com/1585858405/i...noavatar92.png
Cooper Man • 4 days ago
So the more debt you issue in a currency, the greater demand for it and hence stronger that currency is! Is this where Austrian economics is going these days. More debt you issue, stronger your currency is!
So the country that has no debt, has a weak currency. That's the most ridiculous nonsense I've heard in these circles (and I've heard some keynesian stupidity). Can't believe mises.org is expounding this nonsense.
The more debt there is in a currency, the more likelihood that currency is going to be inflated away (history is replete with examples!) and there is nobody more in need of dollars than US govt (just look at the deficits). Foreigners' holding of US dollar debt pales in comparison to what US govt is on the hook for. And each and every dollar that the US govt wants WILL. BE. PRINTED (all $100+ trillions of it).
The Chonchy
  • #58,883
  • Apr 4, 2020 11:50pm Apr 4, 2020 11:50pm
Quoting gatorinla
{quote} {image}
The numbers are climbing fast 8,500. Even in the furthest reaches of civilization. Corona everywhere.
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those who can, do. those who cant, talk about those who can
  • #58,884
  • Apr 4, 2020 11:54pm Apr 4, 2020 11:54pm
Quoting gatorinla
{quote} The numbers are climbing fast. Even in the furthest reaches of civilization. Corona everywhere. {image}
no civilition in the world ; just materialistic void bodies and minds (may you exclude some south Africans and India and some Arab countries) -- but other parts, corona virus tell you the truth as it is

according to past historic events since first one I know before 1400 years and so on, we still at the beginning.
2020 is the end of existing empires and start of new ones
  • #58,885
  • Apr 4, 2020 11:59pm Apr 4, 2020 11:59pm
Quoting SalmanM
{quote} no civilition in the world ; just materialistic void bodies and minds (may you exclude some south Africans and India and some Arab countries) -- but other parts, corona virus tell you the truth as it is according to past historic events since first one I know before 1400 years and so on, we still at the beginning. 2020 is the end of existing empires and start of new ones
I didnt exclude. Your reading one line in a novel. This happens to be the place where the numbers are growing the fastest.
those who can, do. those who cant, talk about those who can
  • #58,886
  • Apr 5, 2020 12:02am Apr 5, 2020 12:02am
Quoting gatorinla
I can see it targeting 1703.67 now, or 1210.58 before, 1703.67. 1210.58 is opposite of current fundi reasons for a safety trade. But 1210.58 is a normal move before 1703.58. 1210.58 or 1703.67 is going to happen. What one happens first is the question. Pa has already retraced 50% or more since the bottom. It also has achieved 1591.98. A smaller target.. I dont think I posted these. I didnt track gold in a few years. Often after a target is reached such as 1591.98. Pa will tend to retrace. Gold reached 1591.98 in early January. On Friday it approached...
Chapter 3
those who can, do. those who cant, talk about those who can
  • #58,887
  • Apr 5, 2020 12:03am Apr 5, 2020 12:03am
Quoting gatorinla
As the flu travels through China and India. A lot of gold demand is for ceremonial purposes in Asia. Such as weddings and so forth. India and China lead the world in consumer gold demand.. China is second to India in consumer gold demand. China demand is greater than the next 8 countries in gold demand. China's demand is dwarfed by India's demand. India and China cities are concentrated. People are in close confines in many cities. A pandemic move through Chindia could drop gold to 1210 pretty quick.
Chapter 3
those who can, do. those who cant, talk about those who can
  • #58,888
  • Apr 5, 2020 12:03am Apr 5, 2020 12:03am
Unreal, Georgia governor reopens the beachs... https://www.cnn.com/2020/04/04/us/ty...pen/index.html

Governor Brian Kemp dictated that Georgia beaches must reopen, and declared any decision-makers who refused to follow these orders would face prison and/or fines," Sessions' statement read. Wow...
Motivation comes from within
  • #58,889
  • Edited 12:39am Apr 5, 2020 12:14am | Edited 12:39am
Quoting messi80
Unreal, Georgia governor reopens the beachs... https://www.cnn.com/2020/04/04/us/ty...pen/index.html Governor Brian Kemp dictated that Georgia beaches must reopen, and declared any decision-makers who refused to follow these orders would face prison and/or fines," Sessions' statement read.
Call Georgia tourism and tell them you will never spend a dime in their state again 800 847 4842 . Kia is another one you can call (706) 902-7777. just tell them you won't buy another Kia. The governor is putting all our lives at risk.
those who can, do. those who cant, talk about those who can
  • #58,890
  • Apr 5, 2020 3:40am Apr 5, 2020 3:40am
see how the opening goes but I will be looking for shorts.

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Its all just one persons opinion
  • #58,891
  • Apr 5, 2020 4:22am Apr 5, 2020 4:22am
Quoting DMA Trader
{quote} .... {image}
More
Trump also took office in 20.01.2017
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,892
  • Apr 5, 2020 8:26am Apr 5, 2020 8:26am
Quoting DMA Trader
{quote} More Trump also took office in 20.01.2017 {image}
world consumption is about 36/37 million barrels per day. Your chart is 34 ish. It's not including all the other oil producing countries. Demand is down off the chart. The price is due to speculation, not reality. Whats goes up, can drop faster and harder.
those who can, do. those who cant, talk about those who can
  • #58,894
  • Apr 5, 2020 8:42am Apr 5, 2020 8:42am
Quoting gatorinla
{quote} world consumption is about 36/37 million barrels per day. Your chart is 34 ish. It's not including all the other oil producing countries. Demand is down off the chart. The price is due to speculation, not reality. Whats goes up, can drop faster and harder.
saw that on wikipedia to that USA is already at 15mbl not 13
not concerned by the price, or speculation but by the fact that USA was the biggest daily produces already with a big market share

https://en.wikipedia.org/wiki/List_o...oil_production
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,895
  • Apr 5, 2020 8:48am Apr 5, 2020 8:48am
Quoting gatorinla
{quote} world consumption is about 36/37 million barrels per day. Your chart is 34 ish. It's not including all the other oil producing countries. Demand is down off the chart. The price is due to speculation, not reality. Whats goes up, can drop faster and harder.
And also I am trying to understand why Trump made his move last week
he wanted prices to go down and US shale producers increse almost to double ammount in the last 4y
so now prices are to low for them si he is just trying to put a floor until corona goes away ? - because USA doesn't seem to be cutting in the last 4y nor is OPEC to blame. ... and that' what He is saying. and how will he be able to convince US producers to cut since all strategy was US energy independent ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,896
  • Apr 5, 2020 8:50am Apr 5, 2020 8:50am
Also very dangerous to have a slow demand and an increasing price of fuel to also get some inflation ?

because demand is slow. you cannot say corona is going V shape (that's also for oil) why is he trying to force intervention on the market
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,897
  • Apr 5, 2020 9:13am Apr 5, 2020 9:13am
Quoting DMA Trader
{quote} And also I am trying to understand why Trump made his move last week he wanted prices to go down and US shale producers increse almost to double ammount in the last 4y so now prices are to low for them si he is just trying to put a floor until corona goes away ? - because USA doesn't seem to be cutting in the last 4y nor is OPEC to blame. ... and that' what He is saying. and how will he be able to convince US producers to cut since all strategy was US energy independent ?
There is your problem. Anything he does is to enrich him personally or friends. Once you get into that mindset, it makes sense. If something seems to make no sense, follow the money.

Why dont he nationalise the supply chain for medical items. Because he wants it to go to a middleman first to make money. Each state and fema can bid on the price of something. The middleman can than charge the higher bid price.

In the past when things were nationalised. The prices were frozen, and the government place the product where needed. Trump last week changed the mission of Fema. His son in law is calling federal medical equipment ours. The moron does not consider the individual states, part of the United States of America.
those who can, do. those who cant, talk about those who can
  • #58,898
  • Apr 5, 2020 9:24am Apr 5, 2020 9:24am
Quoting gatorinla
{quote} There is your problem. Anything he does is to enrich him personally or friends. Once you get into that mindset, it makes sense. If something seems to make no sense, follow the money. Why dont he nationalise the supply chain for medical items. Because he wants it to go to a middleman first to make money. Each state and fema can bid on the price of something. The middleman can than charge the higher bid price. In the past when things were nationalised. The prices were frozen, and the government place the product where needed. Trump last week...
Anyone in NATO can see how bad some individual states are treated. Imagine how he would deny NATO members help. NATO members can see how he treats his own. This moron is inviting danger. This moron is a risk to world peace.
those who can, do. those who cant, talk about those who can
  • #58,899
  • Apr 5, 2020 9:36am Apr 5, 2020 9:36am
https://dsrny.com/project/the-shed press "play"
those who can, do. those who cant, talk about those who can
  • #58,900
  • Apr 5, 2020 10:10am Apr 5, 2020 10:10am
Quoting gatorinla
{quote} There is your problem. Anything he does is to enrich him personally or friends. Once you get into that mindset, it makes sense. If something seems to make no sense, follow the money. Why dont he nationalise the supply chain for medical items. Because he wants it to go to a middleman first to make money. Each state and fema can bid on the price of something. The middleman can than charge the higher bid price. In the past when things were nationalised. The prices were frozen, and the...
this is it.
so he is helping him and his friends - pumping price higher - they will produce more and prices will make the market ok so it's a short term deal
but the get Saudi and Rusia on the table Trump and his friends will need to cut some of the production - so this will either not happen - and nobody is cutting production just bs so they have higher prices to produce more. rally was so big because a lot of people were shorting the market covering just made the biggest rally even or also prices jump higher because also corona is about to get away and demand comes back

So i see 3 scenarios

1 - Pumping prices to help his friends and maybe Russia and Saudis so just trying to pump prices higher until corona is done
2 - They will all cut prices but agreement can't take longer and maybe it's made just of a short period of time
3 - His friends and him were long on oil from record low and just got a beautiful trade

All 3 scenario's can make and keep prices higher until corona is fixed.
So again just like I've always said and you also stated. It's all about his money and his friends. also His tweets.
But what about Corona response. was this for his and friends interest or just incompetence ?

Am I missing something ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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