Dow Gives Up "China Is Fixed" Gains As WTI Crashes To New Cycle Lows
Well that escalated quickli-er...
WTI plunges to new cycle lows...
Pushing The Dow and Small Caps red...
(8 votes)
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15,666 !
GARTMAN!!!
Quick somone man the Algo's and HFT computers. On Daner, On Prancer, On Comet..
Is it me or does this market seem to be gettin' out of control?
3:30 pm bitchez, 3:30pm. Its all that matters. The rest is just TRANSITORY. MOOHAHAHA!!
All the rainbows and unicorns have been paraded. Got anything else? Nope? Didn't think so.
A mere anomalous pre-noon dip as Europe closes out their day. Gartman shall not be vindicated.
"After failing to stop first hike, IMF wants Fed to be cautious with second" (Marketwatch)
"Future Fed moves need to be based on ‘clear evidence’ of inflation, Lagarde says"
http://www.marketwatch.com/story/after-failing-to-stop-first-hike-imf-wa...
The Charts and Math lies!
I know because Jamie Dimon told me so this morning...
Every time something like this happens, the market bounces back - and HARD!
+400???
After Georgia Guidestone rule 1 ;)
Wow...Gold, Silver, Oil, Stocks, and take a look at Platinum.....is this full on deflation? And the dollar getting ready to break the "100" mark. I am very surprised that the market is holding as it is. i don't think it will last...Once it goes full retard, it will probably cascade out of control. You can "Feel them trying to hold it up".
Mark my words, I predict, before the end of 2016, WTI will have plunged to : 9 $
Gold and silver will probably go with it.
Based upon what?
ZERO price discovery.
Get long black markets, sharecropping, and guillotines.
Beat the rush.
"ZERO price discovery. "
Price discovery is IMPOSSIBLE in an environment comprised entirely of obvious accounting bullshit, laughably bogus statistics, central bank and commercial bank counterfeiting and ZIRP/NIRP oppression, rampant unrestrained securities fraud, etc...
I've been saying that for a few years. Better figure out what your black market skill set is now, and beat the market when the time comes. Shit like this will make us a nation of tax cheats, and ultimately, Greece. But, with more guns.
Today. Crude Down, gold down, silver down, etc. Seems like a theme. I have been buying silver all the way down since 20 and am about to back up the truck, but shit...I doan know..
Don't waste any more money. Your PM stash is only gonna be useful if the present power structures go down and they unfortunately won't.
Comex (aided by BIS, central banks, old guys who don't wear pants, Mandarins, Manchurians, manequins, maneaters, anteaters, big eaters, pig ears, queers, queens, teens, and tweens) manipulation.
http://www.zerohedge.com/news/2016-01-06/thats-bottom-oil-market
Yeah... most ZH "contributers" (aka advertising) are clueless or just don't give a fuck.
Either I've recently become clairvoyant, or this shit is getting too easy to predict.
Its not hard to predict if a bolder will fall down a cliff.
Price of Platinum has become criminal.
Look at 2008 to see what 2016 holds for Platinum.
https://www.sharelynx.com/data/smgld/smgld20yrauplratio.php
I feel a strengthening weakness in the markets.
Must be Jack's raging boner.
Baltic Dry Index
+ Watchlist BDIY:IND
415.00 14.00 3.26% 52Wk Range415.00 - 1,222.00 1 Yr Return -42.60% https://www.youtube.com/watch?v=vNN1KmSH7Dk Going Down For Real
Remember: Oil (and by extension most every other physical commodity) has no intrinsic value... only financial paper does. Welcome to the New Normal.
mining stocks are getting obliterated.
for stocks that old saying..so goes january so goes the year..if so stocks are going to be bled dry. don't even want to think about oct this year.
yields are collapsing, no mention on zerohedge. what a surprise...
Silver stocks getting absolutely monkey hammered over the last few days---6% to 7% daily moves down in HL, PAAS, SLW, etc.
Meanwhile, the Mint can't keep up with ASE demand. Nothing to see here...
Guess the ppt efforts to pump stawks up before the mackdaddys farewell you weren't worth of my genius speech is in jeopardy .
Oil works on supply and demand and the supply has increased dramatically. I believe the USA was outproducing Saudi Arabia (but not necessarily at the same cost). I would not take oil prices as the gospel of a slumping economy but virtually all other commodities, like copper are down, as well. This seems to indicate both the supply and the demand have moved to the negative for oil. So, I am guessing the bottom is where the cost of production begins exceeding the market price until supply and demand rebalance.
It seems to me that the larger market is in denial about a worldwide stall or slump. What will be the catalyst for a sustained downward movement is anyone's guess.
http://www.infomine.com/investment/metal-prices/iron-ore/
http://www.infomine.com/investment/metal-prices/copper/all/
It ain't gonna be V shaped this time.
Oil price works on whatever the Saudi's say it will be, end of story. When the largest producer/manufacturer of something, decides they are going to sell below cost to maintain or grow their market share, or destroy the competition, you have falling prices.
...and the loonie's finally below 70 cents. Thanks, Justin.
Doom porn. I can't take my eyes off the minute by minute WTI prices.
Check out the ongoing drama surrounding the monster 1500 contract buy order parked at 30.10.
https://twitter.com/nanexllc
Edit: Now moved to 30.15. Someone's trying to herd it up.
Nope. It's just the cartel manipulating prices again right before the open to support their short commodity stock positions. Pump up prices late and crash them in the morning before the open. It means nothing.
Good thing Obomba is talking today to reasure the sheeple that everything is well.
Good thing Obomba is talking today to reasure the sheeple that everything is well.
Good thing Obomba is talking today to reasure the sheeple that everything is well.
I get it I get it I got it.