We’re just getting started. DO NOT BE FOOLED by the green, for it will be all fake and temporary. Your new existence in this bear market is sharply lower prices, followed up by government intervention, and then sharply lower prices.
Today global leaders of “The West” released 60 million barrels of crude into the open market. The result was WTI +10%.
It’s over.
I closed +50bps — because I do not fucking lose money in a bear market, not now not ever. It is my speciality.
Going into the State of the Union address, I am 90% invested, 20% of which are in short instruments, with directional longs heavily leaning into commodities.
Sure the trade is crowded and there is a chance we blow off top. But let’s be honest here, we are 100% going to war with Russia and soon all 10 million barrels of crude will be off the market and at your local gas station, SIR, you will pay $15.00 for a gallon of gas. All of this will happen to you and still — your government will not permit the Keystone pipeline to flow or to permit drillers to drill. They do this because they hate you, have for some time now, and yet you sit there thinking Russia is your enemy.
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There is little to no chance we go to war with Russia over Ukraine.
lol we’re one mishap, mistake, misunderstanding from entering the conflict via Nato. very very far from “little to no chance”
For all intent and purposes, the West has already launched an undeclared economic war on Russia—in fact they’ve gone nuclear pretty much. That’s how real wars begin.
Cold war perhaps…I’ll take $1,000 on the under that not one US bullet will be fired in Ukraine or Russia.
Let’s summarize the Ukraine, US, NATO strategy: Let’s force Putin, psychologically, financially and militarily into a corner. If we are successful he will be trapped like a cornered animal. Desperate, he hits the red button and world nuclear destruction ensues.
Proving that we were right all along. Success! Well done.
Yes…. We forced him into a corner by him invading Ukraine. Got it.
Exactly. We promised Ukraine would join NATO and would deploy missiles there. Then he invaded.
@reversion
Were you getting popcorn when the film started?
Just making a mental note.
Remember when crude oil actually went negative during the beginning of the Pandemic?
Sentiment was “off the roof” negative and calls went out for end of OPEC as well as the end of “Big Oil.” If one had been following the Oil stocks (integrated, drillers, suppliers, etc.) one would have seen that they did not react during this time and in fact had stopped going down (had been going down for several years already) and were creeping up. This was a sign to buy these stocks.
Looking at the present we are seeing the opposite. Calls going out for crude to go to the “moon” and yet the Oil stocks are reacting by staying flat or in fact retreating (far more than the general market). This could be a sign of a possible topping of Crude and demand destruction for whatever reason to occur soon.
Yep I think you’re right. Although not sure exactly what soon is.
Huge global recession inbound.
You are correct as always Mr Tradercaddy
That’s exactically (on purpose) when I started my uuuuuuugggggeeeee position in energy, it was the opportunity of a lifetime with oil being negative
I’m up over 500%, No debt, 7 figure house paid off, and 6 figures liquid
I’m not fully out just yet, but I know where the exit is, and I have the door open,…..
Haha, woke culture eating up those lovable Ukrainians against the evil Russians.
Meanwhile: Ukrainian racism on display as blacks and indians seek to flee the country
https://twitter.com/damilare_arah/status/1497654141350522880?s=21
What those military age men aren’t going to stay and fight for their beloved country?
1 = 2