Then you wait for the massive volume of oil looking for a buyer to settle on a "real" price and you look to cover lower. Would really like one more dip lower to add and wait for the end of summer surprise that there is a whole lot of oil that didn't get a contract during the "peak" season. They will need to unload and sign contracts for oil delivered the rest of the year that will keep Producers to stay alive till 2016. 2016 when Iran, Iraq & Lybia starts seeing their worlds continue to improve and need buyers of oil.
Or, you can watch CNBC and understand how everyone understands oil needs to be at the $50 to $70 level. Lydia, Iraq and Iran produce oil at less than $10 a barrel.
Buy rips sell the dips and let CNBC work it's magic.
One in a million. A post on long term implications. Wish there were boards for traders and one for investing
If we get another surprise on inventory build I doubt $43 will hold. Could be a big swoosh down. Could see the lows hold for a few months as the Saudis are playing serious about market share and BKing the high cost producers.
It's an interesting time for the energy sector.
Immunovaccine has had a very nice run in the last month, could it be because they have said they are working closely with NIH on anthrax and have chosen Pharmathene to further research a possible one dose vaccine? The company does seem to have potential with their single dose vaccine research and one can only hope. Would love to see some news break on NIH interest in funding furthering this one.
GLTA, just sold my IMMVF, it was a big percentage move, and looking to buy back on a hoped for consolidation. Also looking to add some PIP as an overall market capitulation looks possible in the near term.
Barron's looked like a rehash of the bull story with little "news". You might also take a look at Metal Miner article:
Zinc Price Forecast, July 2015: A Surprising Surplus
...According to the most recent LME data available, zinc stocks declined in May by some 57k+
metric tons but some analysts believe that just the opposite will happen through July – more
inventory will make its way into LME warehouses than out of them. In addition, plenty of
extra inventory exists in non-LME warehouses throughout Asia and the United States.
Market sentiment toward zinc has hinged on the supply/demand equation and it has become a little less likely that any real zinc shortage will materialize.
GLTA, looking forward to seeing if Horsehead can make significant improvement in the Mooresboro production
Forced selling and lack of buyers is what crashed the entire market into the entry of a lifetime. Looks like AUY is heading there. A few months of below $900 gold will BK a lot of marginal players unable to handle debt loads.
How long will it take for buyers to creep back into oil? First "real" sign of inflation which may be a couple years off.
Digesting over weekend that storage is up and rig counts actually went up as the shell boys spend dumb money flowing into their coffers thinking their investing into a dip. ME actually increased production and Iran likely will be unloading the ready to flow cheap production being held back by embargo.
What is XOM worth with oil in 60's, after the coming shakeout in $30's? Looking for a buy in point if market rattles oil producers while oil stays in $30's while Saudies BK the shale, sand and deep producers. XOM could offer a huge short term discount for buyers, I hope.
I could see XOM being more sophisticated holders not selling and some smaller oil producers giving better discounts anyone here know some more high beta oil produers I should be watching?
Thanks ahead for anyone willing to share.
Capitualtion? Next week? Market is slowly digesting the Saudis see $60 oil as the future as the long term future as other power sources become more viable. Market share is more serious at $60 oil versus $100 oil and that is why the Saudis need to drive marginal oil into BK.
Saudis need to bankrupt the shale, sand and deep sea sources of oil. 30's should do that and the ME increasing production recently makes sense looking at it this way. Next year they gradually bring oil back up to 60's and will hold market share.
Who will want to invest in shale, sand and deep sea with this new world Saudi Arabia has defined for now.
On the good side consumers are not likely to see $100 oil for a long time. Saudis greed is what brought on the serious money being put into oil sands, shale and other expensive options.
Saudi's want to wreck the market and put fear into anyone wanting to invest in shale oil and deep sea drilling. If so they will need to keep the price in the $30 for a while to force the bankruptcy's.
Thought this ETF was designed to hold for 3-4 days. After the markets stew on oil and the Middle East actually ramping production into this market next week could see capitulation action. Just my guess.
The Supremes advised Parson's to use best expert opinion on this type of dispute to determine the award. That is where Parsons went way conservative and ended up with $130M that has nothing near the billions both parties thought -246 was worth in Sept '06. With interest adding $30,000 daily to the ill intent boyz liability we can all hope this comes to an end soon.
GLTA, but the boyz (they have already pocketed tens of millions in the money flow and cost of goods, more than they deserve)
Furthermore, this Court enjoys remedial flexibility to depart from strict application of the ordinary forms of relief where circumstances require.30 Nevertheless, courts of equity should attempt to balance that flexibility by a measure of concomitant restraint to
the Supreme Court held that “where the parties have a Type II preliminary agreement to negotiate in good faith, and the trial judge makes a factual finding, supported by the record, that the parties would have reached an agreement but for the defendant’s bad faith negotiations, the plaintiff is entitled to recover contract expectation damages.” Further, the court found that the factual conclusions made by the Court of Chancery support a finding that the LATS was a Type II preliminary agreement and that SIGA and Pharmathene could not, in good faith, propose terms of the definitive licensing agreement that were inconsistent with the LATS. Because this was the first time the Delaware Supreme Court addressed whether Delaware law recognizes Type II preliminary agreements or whether a plaintiff is entitled to recover expectation damages in connection with a breach of an obligation to negotiate a definitive agreement in good faith, the Supreme Court reversed the Court of Chancery’s damages award for reconsideration consistent with its ruling.
So much potential. Anyone know what is behind this recent price action?
"Cash Performance Bonuses" for what??? Inbred performance from top to top to top as they try to take care of each other. Did the law firm get a bonus as that has been the genius of everything Siga since Sept 06.