EU been easy to trade as its been trending nicely last few months. That being said I have scalped against the trend few times but with a tight stops. Al had a mime somewhere that basically said a stop is where a trader is willing to admit he made a mistake. If ya don’t jealously protect your capital it will disappear.
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gsr 97 now!..
… ??
Sorry - Gold silver ratio - 1oz of gold buys 97 ozs of silver
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The start of a new week … the onset of Armageddon ?
https://www.globalprime.com.au/market-research/de/all-out-oil-price-war-sparks-market-panic
99.6 now - I think someone wants 100 before silver turns and goes full moonshot LOL
Nah – just the Saudi crown prince trying to destroy OPEC and do a number on Russia. In the US the democrat leadership is hoping and praying for a recession. This will pass in couple months. In the meantime I filled up with gas today at $1.87 per gal.
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Compare this chart to the chart above. The above was Fridays close and this one was taken few minutes ago. I can almost guarantee there were many margin calls during last nights EU spike. All those that trade without a SL gonna pay the price sooner or later.
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Except it wasn’t the Saudis who initiated this, it was Putin - apparently its payback for US meddling iin Nordstream.
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Just depends on who ya talk to Mag. This from the Washington post – they hate Trump even more than they hate their own country.
Then they all love to say how it’s gonna wipe out the US. These charts show them damn facts again bout who’s da biggest and who gets hurt the least by a price war.
Guess who hollar’s UNCLE first!
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Now back to trading. They all going long again so time for me to start short’in!
On the road today so trading by watching phone quotes and pulling over and opening the laptop.
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Max Keiser is a sensationalist.
However this is bad news for the shale industry as I wrote a few days ago.
Also however, the 2014 price-crash wiped out the weaker hands but the industry recovered.
The US can simply go back to importing oil from SA.
Or it can subsidise its local industry.
In an election year …
It would be useful to know some OPEX figures for American shale producers.
… and finally ( rule of 3 ) I managed to get into Royal Dutch Shell yesterday using an entry order. Not a particularly big position, but unleveraged.
It is interesting (to me) that price started low, steamed up by ~10%, and then dropped back before close to where it started. Coincidentally my entry was around there at GBX-1330
Roughly half at the moment. We will soon tap Anwar Alaska where reserves could be as much as 18 billion barrels. We are floating in the stuff – democrats would shut down all drilling on federal lands to make us dependent on others – bastards hate America.
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Is shale economic at $20 bbl tho?
Scorched Earth Oil War Unleashed By Saudi Arabia Devastates America—Russia Says Call Us In 6-10 Years