Dude - the buying consumer will love oil at $15 a gallon. So sell your bogus electric car and short oil all the way down to new 52 week lows. Refinery maintenance season has just started while Iran, Russia and Saudi all pump full out to protect their oil market share. Cheap oil - good for drivers but very, very bad for oil investors and possibly the DOW.
as various Opec members looks at each other, laugh and then think to themselves - We Pump 24/7 until our hands bleed. So much for Russia's phony attempt to prop up oil going forward.
Timber - Oil set to fall as all world economies come to a "stand still".
Payroll numbers say point Blank - The FED does not tighten until end of Year. Gold Romps higher as no rate hikes this summer and Brexit coming up this month. Nugt set for long term Blast Off.
as the second largest economy goes into free fall, followed by Russia filing for Default. Talk about a one two punch to the Bull's gut.
as if the market finally knows "Sell in May and Go Away" is finally here. And I do notice Gold about to go higher as all countries cry out (our currency is worth NOTHING).
Because May is almost here and after that Yellen smacks investors with a "nice rate hike". Who want to "short" Tvix with May/Fed in front of you? NOT ME
where oil always drops due to less usage. Throw in the total train wreck of the "supposed oil freeze" and you now have the PERFECT STORM for a Massive Oil Correction this coming week, this month and well into the early summer. In other words $20 oil anyone.
Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays on retaining market share, while concerns about China's economy weighed on the demand outlook. Or in plain English - its Everyone Out for Themselves as Oil dive bombs below $40 a barrel next week.
and more to come with this "breaking news" - Prosecutors open probes as world's wealthy deny 'Panama Papers' links.
Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday after a leak of four decades of documents from a Panamanian law firm that specialized in setting up offshore companies. The "Panama Papers" revealed financial arrangements of politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.
Claims have now been below 300,000, a threshold associated with a strong job market, for 64 straight weeks, the longest stretch since 1973. So in plain English - The Fed is now forced to raise rates in June or look like Complete Baboons.
and you know the Saudis have said if Iran doesn't freeze oil production - they won't. Best to sell USO now if your long since it could open up Monday at $8 a share and fall through the floor.
Could be yesterday's news by tomorrow as oil sells off as the fire goes out.
Always good to hear Draghi speak because you know he will send world stock markets way DOWN.