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Thats not a melt up. thats a ram it up someone's ass.
This is all part of the normal price discovery process
</sarc>
Kill the algos! Kill them dead!
Makes sense that @CL would rally on the day that Tranies are crushed.
Perfect sense. There is zero manipulation in the paper markets. None whatsoever. Move along now.
... and since the VIX's are working toward long-term low levels, the world must be one big happy place, full of EDM chicks wearing pasties.
Phoenix Capital posted an article at the top of ZH a few hours ago.
BTF(everything)D.
It almost makes sense, until the last couple of minutes,
as usual.
i toooooooooooooooooooooooooooooooooold you..... ffs... they set the threshold at 45.
iT WILL NOT GO LOWER A SINGLE DAY WITH MARKET CLOSED UNDER 45 UNTIL THEY DECIDE IT.
OK! I'm with you. Let's kill the algos. Ummm....how?
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/ezLA00
Yep, Crude in the $20's.
Yep, Crude back to $100 by April
no, just keeping it low but in decent amount of money to prevent oilers to crash... actually threshold is 45, will not go lower.
A Supermax just hit an iceberg ~lol
"And they're takin' their sweet time bringin' the oil back, of course, and maybe even took the liberty of hiring an alcoholic skipper who likes to drink martinis and fuckin' play slalom with the icebergs, and it ain't too long 'til he hits one, spills the oil and kills all the sea life in the North Atlantic. So now my buddy's out of work and he can't afford to drive, so he's got to walk to the fuckin' job interviews, which sucks cause the shrapnel in his ass is givin' him chronic hemorrhoids. And meanwhile he's starvin', cause every time he tries to get a bite to eat, the only blue plate special they're servin' is North Atlantic scrod with Quaker State.
So what did I think? I'm holdin' out for somethin' better. I figure fuck it, while I'm at it why not just shoot my buddy, take his job, give it to his sworn enemy, hike up gas prices, bomb a village, club a baby seal, hit the hash pipe and join the National Guard? I could be elected president."
Great movie.
Dat is a boner.
There's money to be made and sheep to be shorn........
How quickly people forget. The boyz pulled this shit all the time in 2009 2010. They would rip the faces off the shorts during the last minutes/seconds of the session. Lesson learned? Never be fucking short the market unless you are very very sure of what you are doing.
Being long has not been working out well for a good while now.
Lucky for us the world has skin in the game not just rich Americans.
Fuck BTFD sell the fucking peak.
Sell The Fleeting Peak is the new BTFD
FYI-The Bakken Boom is over. At less than $70 crude only the middle pocket (Williams, Mountrail,McKenzie,Dunn) counties can make money and then only down to $44 oil. Nearly half the lease acres in this pocket have already been drilled. All currently operating drilling rigs are in the pocket (around 100) with an average of 130 total bores a month. At this rate all profitable lease acres will have been drilled in the next 36 months. At a 75% first year depletion rate you're looking at an overall play depletion in less than 4 years, max. Anything outside the pocket is running a 75% + produced water cut (salt water), ie, for every 10 barrels of fluid 7 1/2 is salt water, and the logistics in terms of transport costs and well maintenance are murderous for these kinds of wells.
Add in the railroads strangle on crude transport and additional peripheral costs like recent fracking rules (1/3 of the Bakken is on tribal land !) and the entire Williston basin is now on an (quickly) downward slope.
Permian Basin and Eagle Ford Shale as well. This price does NOT square with the REALITY on the ground in these areas. LOTS of rigs idled. LOTS of material in yards. Celarly the "fat finger" moves a little differently today than in the old days. Even with SA increase in Production, even with rigsshut down, even with record ND and Canada shale and oil sand production levels,
"Oil Always goes uppedds????"
herman: God to see an oil man nalysing oil futures rather than the posers.
Thanks.
regardless of the paper price, if you have oil (dense consumable calories) you can do and build real shit. In addition, such things are simply required in order to maintain the status quo, especially in a world that still runs on oil...
The problem is not as much as in the past. Even I have invested in staying home. Pool 250.00 worth of COX Media room.
And a smaller car that I dont really drive 1000 miles a year or so. For me and my ilk there is no longer a summer driving season. Solar panels for sure and not just the heat the pool ones we have now. And looking forward to hydrogen fuel cells.
Soon they will be a must have recharging themselves straight from the air.
More like 10 years out not 20. standard cells will be everywhere in 5.
(1/3 of the Bakken is on tribal land !)
tribal land is not federal land dufus. It is sovereign land of the tribes.
Yes, now historically speaking, how has that been working out for them?
Now that they have built up an immunity to smallpox and the flu, they have been fucking us with casinos. It's funny, when you drive through a reservation, their properties look like shit. Old cars will be buried up to the frame. Lots of them. But, if you pay attention, you'll notice fields where they are growing their own food, and if you go inside one of their shitty looking houses, you'll see that they're actually very nice on the inside. And they can cook like a motherfucker.
Indians are a funny bunch. I tend to think that the ones around me at least, will care a lot less about the collapse of civilization than the rest of us.
I lived among the Navajo and Hopi for a long time. Would love to see some warriors take back parts of the southwest.
One of my cousins is part Isleta. Go down to the Isleta Pueblo and they have their own cultivar of melon. If you water them too much, they'll taste like shit. If you treat them like a desert plant, they'll be sweet and packed full of flavor. Quite a few of the tribes cultivated their own melons, despite them being an old world crop.
The funny thing with the Isleta and other pueblos is that, despite the track record to the east, the US treated them a lot better than the Spaniards did. You can look up the relationship between Juan de Onyate and the Acoma for an example of that. Or you can look up the Encomienda system to see how they were all treated in general. But drive through the res and stop at one of their shops and they'll be friendly but disinterested. If they know you, you'll be in for a culture shock if you're not used to them. They have a different sense of humor, different likes and dislikes, and if left to their own, they will do their own thing.
The Navajos and Apaches, on the other hand, were not treated so well by the US, but they also had a habit of raiding the Pueblos befoe (and after) Europeans arrived. They've settled down quite a bit and I get along with them quite well, but it should be noted that all groups of people have assholes. That being said, I once called a Navajo friend an Athabaskan. I got the "Dude, you just grouped me with a bunch of other people." Later that day, I passed him and another friend in a very large crowd, and said "Hey Mark, He's not talking to me because I grouped him with a bunch of other people." He walked past me, stopped in the middle of this crowd, got my attention, and said "I'LL SCALP YOU, BITCH!" People didn't know what to think. I thought it was hilarious. Yeah, they definitely have a different idea when it comes to race and racism.
I've spent time in Navaho country also. Many years ago, in my youth, I got a summer job with an electrician's outfit. We were running power lines to outhouses.
I was one of the first people to <ahem> wire a head for a reservation.
Yeah a mixed bag, but improvement maybe:
"(Reuters) - The Obama administration has agreed to pay the Navajo Nation a record $554 million to settle longstanding claims by America's largest Indian tribe that its funds and natural resources were mishandled for decades by the U.S. government."
"The deal stems from litigation accusing the government of mismanaging Navajo trust accounts and resources on more than 14 million acres (5.7 million hectares) of land held in trust for the tribe and leased for such purposes as farming, energy development, logging and mining."
-
" America's nuclear legacy casts a toxic shadow on Navajo lands"
"A record settlement will see $1 billion spent on cleaning up abandoned mines, but experts anticipate decades of work ahead"
"the US Justice Department announced that energy company Anadarko Petroleum Corp. has agreed to pay $5.15 billion to clean up widespread contamination and pollution caused by Kerr-McGee, a Texas-based subsidiary with a long history of toxic business practices. Over the course of 85 years, Kerr-McGee's factories spread deadly chemicals and pollutants in several regions across the US — including the Navajo Nation"
-
Looks like one bad bill was defeated in the House:
Southeast Arizona Land Exchange and Conservation Act of 2013 (H.R. 687) regarding transfer of mining rights to Resolution Copper Mining LLC whom would need much water from some place and whom might be foreign owned.
They went from being doubleplusungood fucked to getting just plain old fucked like the rest of us.
well that escalated quickly...
i guess they want oil to go higher to balance another part of the book. it's just a math model afterall.
Interesting...I had burritos and eggs (chorizo y juevos), this morning and got alot of gas...I didnt know it was going to raise the oil stock price...I am only eating eating organic fruits from now on.
looks perfectly normal to me ...
Isn't she lovely.
Oil would be in the $20s right now if the Fed wasn't buying contracts on behalf of the TBTF banks every time it looks like the contract price is going to head below $43.
Just curious: what do you think is the marginal cost of the most expensive to extract oil in the USA?
Don't try to call the fair value of oil when it is still tied to fiat. Get rid of fiat and then we can discuss fair value.
Quit the freak-out. April crude came off the board on Friday. The cash market has come in from $1.50 under May to 75 cents. Outright shorts covered a bit. Add to the fact that the back end sellers are still deging and you end of squeezing athe leftover traders short the calendar soread, May be a bit more of a rally then now my the end of the week. Big Genscaoe build tomorrow will fix this rally.
The price of oil is manipulated. Good luck trading.
An example of JPM fleecing the system through manipulated markets. Your tax money at work!
Blatant manipulation. Zero reality.
Storage issues getting tighter... less storage, less demand = higher price - got it
dead cat bounce. i'd bet a dollar to a dime we get two more MAJOR swoosh's to the downside before summer
FED has unlimited amounts of money, and what can you do about it?
Orwell would be proud.
With record inventory and tanking consumption, oil should be back to $150 in no time.
This will make "block keystone barry" and "kickback Soros" very happy - their Petrobras deal will be worth a fortune.
barry, can you tell us what to do next - you fucking asshole!!!!