1. Same story, different day...........year ie more of the same fiat floods the world
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Ramblings

Discussion in 'Topical Discussions (In Depth)' started by Scorpio, Feb 5, 2014.



  1. solarion

    solarion Gold Member Gold Chaser

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    Weird how supposed dollar strength murders metals all the time, but another globally traded money candidate, Bitcoin, doesn't seem to care much about smoke and mirror fiat currency indexes and just keeps right on marching higher in dollar terms.

    It's almost as if Bitcoin actually exists in a free market and metals do not...imagine that.
     
    Scorpio, REO 54 and Weatherman like this.
  2. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    that is simply because shitcoin is a medium of exchange only,

    it isn't money and never will be, no matter what they all state,

    when you get down to it, .govs move in fiat and metal circles,
     
  3. solarion

    solarion Gold Member Gold Chaser

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    Perhaps. Depends on how you define the word "money".

    Clearly governments have near complete control over fiat and metals at this time in history though and it shows in the way they move.
     
  4. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    One thing I didn't expect, was the natty weakness with the dollar strength,

    as natty was allowed for exports, now it too feels the affects of the increasing dollar,

    regardless, going to hold the positions there,
     
  5. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    when the pretenders become a problem for them, they will either absorb them or disallow them,

    for now, .govs aren't worried about them

    one day they will be
     
  6. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    It will all come tumbling down when the first bitcoin denominated contracts & collateral begin appearing....
     
  7. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    funny as hell,

    the little train that can't, silver

    was down over 30 earlier and now has crawled back to unchanged...........

    sure loves to stick its nose out there and get beat on it time and again,
     
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  8. solarion

    solarion Gold Member Gold Chaser

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    Never fear, soon someone will be along with some paper shorts to beat silver back into its rightful place.
     
  9. REO 54

    REO 54 Midas Member Midas Member

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    Makes red headed step children look good .
     
  10. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  11. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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  12. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Thanks EA,

    The USD is taking a break this am and back down under 103, which is showing up in a bid for gold.

    We are moving rapidly to the Holiday Week, where volume will fall off. Watch for silly moves while in the SM pits, everyone is all giddy about trying to tap 20K on the Dow.

    Everybody is pushing to get it there, and it looks as though there are those trying to sell prior to 'the number'.

    That will be interesting if that number causes a correction to ensue there.
     
  13. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    VXX has been slaughtered by the "Trump" rally....

    sc-1.png
     
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  14. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Gold has now moved back to unchanged and silver is now down 8,

    All while the dollar is pulling back 46 tics.

    Pretty quiet, but some disconnects going on.
     
  15. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    We Need A Little Price Hike. The Energy Report 12/21/16
    Wednesday, December 21, 2016

    by Phil Flynn of The PRICE Futures Group


    [​IMG]

    Cut down the barrels, reduce the crude stocks before the prices fall again. Tankers start docking. We may be rushing things but, stocks need to fall again now. Because we need a little price hike, right this very minute, raise the Platts window, don’t care how you spin it, yes we need a little price hike, right this very minute. With Trump in office the view is blurry so to raise prices, dear, we’re in a hurry.

    Oil prices rise again as signs of compliance from Iraq overshadows the resumption of oil loadings from Libya. Also, a report from the American Petroleum Institute is showing US supply tightening as President Obama makes a radical move to an indefinite ban of some offshore drilling that he says is a present to our children. So I guess if you did not get your kids a gift your can tell them that the Obama drilling ban will have to do. Now how do I wrap that. Merry Christmas! And you thought the President wasn’t going to get you anything.

    Before we explore the long term ramifications of the President’s oil drilling ban, lets talk about what is driving oil today. The market yesterday was rallying early, on strong demand expectations as the US stock market failed just short of 20,000 Dow! We also priced in a delay of Libyan exports as a deal to resume exports over the weekend fell apart. But a report yesterday that Libya actually loaded a ship for exports cut gains for the market. Bloomberg reported that a tanker arrived at Libya’s largest oil port to load the terminal’s first cargo since it was closed two years ago, while armed groups vie for control of its energy wealth. The vessel Alicante arrived Monday at Es Sider port and will sail for Italy after loading about 600,000 barrels of crude, Adnan Omran, general manager of Al Omran International Maritime Agencies, said by phone. The ship hasn’t started loading yet due to bad weather, he said. The cargo was scheduled initially to be loaded on to a different tanker, Seamusic, but the vessels were changed in the last few days, Omran said Tuesday. Libya’s Lana news agency reported on Dec.17 that Seamusic had already loaded 80,000 tons of oil and left for Italy, without saying where it got the information.

    But a report later about Iraq telling customers to expect less oil brought some buying back. Iraq, if you remember, originally wanted to be exempt from production cuts. Another reluctant OPEC member telling customers to expect less oil is another strong sign that compliance to this production cut may be among the best compliance rates in OPEC history. Bloomberg News reported that Iraq told buyers of its crude that exports will drop to meet its commitment to OPEC. The country has, “firm and applicable plans to cut daily crude-oil exports by specified percentages to meet the total cut of 200,000 to 210,000 barrels a day during the first half” of next year, the state marketing company known as SOMO said Tuesday in a statement. Baghdad finally agreed to cut 210,000 barrels a day from 4.56 million a day in the six-month accord starting January first.

    Yet what seemed to solidify gains overnight was the report on supply from the American Petroleum Institute that reported US crude supply fell by a whopping 4.15 million barrels. The report also a showed a bullish 1.55 million barrel drop in crude supply and a bullish 1.55 million barrel drop in gasoline supply. The only bearish aspect of the report was a small 69,000 barrel increase in Cushing, Oklahoma where we have seen supply rising week after week.

    President Obama’s Christmas present to future generations is to exploit a 1953 law, the Outer Continental Shelf Lands Act, to “permanently” ban offshore oil and gas drilling along wide areas of the Arctic and the Atlantic Seaboard. He had Canada join his ban but they only will do so as a pause. This is a last minute deal trying to go around Congress to cement his legacy as the anti-climate change President. The oil industry will say this is short sighted and will restrict drilling and reduce National Security. The 1953 law to bar offshore drilling permanently is, “An obscure provision that’s been used to preserve coral reefs and walrus feeding grounds empowers presidents to exclude waters from future oil and gas development.” This may put the US at a disadvantage if they ever want to lift the ban quickly. Canada has given themselves an out. Russia is already planning on drilling in the Artic. We will have less control of the environment if we are not part of the process. Instead of the global warming President he has been the anti-energy security President.

    Make sure you are tuning to the Fox Business Network where you can see me every day! Call for the daily trade levels! 888-264-5665 or email me at pflynn@pricegroup.com and open your account.

    Thanks,
    Phil Flynn

    Questions? Ask Phil Flynn today at 312-264-4364

    http://insidefutures.com/article/18...e Price Hike. The Energy Report 12/21/16.html
     
  16. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Oil wavers after EIA report shows a 2.26 million gain in inventories

    Supply of existing-home sales dips to 4.0 months at current pace; median price $234,900

    Existing-home sales at near-9-year high in November
     
  17. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Meanwhile, DB's been busy filling.overhead gaps.... rally on LOL! Its still a $3-$5 stock at best. NIA


    sc-2.png
     
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  18. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    As one reporter put it, news tsunami today as follows:


    Possible Challenges To Traders Today
    – Core Durable Goods Orders is out at 8:30 AM EST. This is major.

    – Durable Goods Orders is out at 8:30 AM EST. This is major.

    – Final GDP q/q is out at 8:30 AM EST. This is major.

    – Unemployment Claims is out at 8:30 AM EST. This is major.

    – Final GDP Price Index q/q is out at 8:30 AM EST. This is major.

    – HPI is out at 9 AM EST. This is major.

    – Core PCE Price Index m/m is out at 10 AM EST. This is major.

    – Personal Spending m/m is out at 10 AM EST. This is major.

    – Personal Income is out at 10 AM EST. This is major.

    – CB Leading Index m/m is out at 10 AM EST. This is major.

    – Natural Gas Storage is out at 10:30 AM EST. This is major.
     
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  19. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    I purchased a WWII produced 1944 Saginaw M1 carbine around 2002 as a collectors piece. Its been rarely operated & sitting in storage. I pull it out & field strip it about every 14-18 months to clean & lubricate the collectable.

    This time I decided to fully record the various armor production marks on the various parts; receiver, bolt, bbl, trigger, stock, etc. & research the production & producers that provided for the full assembly of this firearm.

    My particular rifle has a receiver built by Saginaw Gear Co. & various "I.R.C.O." (Inland Rifle Co.) both divisions of General Motors. The bbl & bolt came from "Auto Ordinance" for IBM (International Business Machines), etc..

    There was only two firearms manufacturer in this period that produced the .30 cal. carbine, Winchester & IRCO, the remainer were marked as produced by such commercial entities as Rockola, juke box makers, IBM, National Postal Meter, & Standard Products, etc..

    The history of this lil firearm is rather fascinating but much, much to indepth for this post. That said, there were 6.5 mm built between 1941 & 1945 @ a cost to Unca Sam of $38.00 per unit delivered.

    The POG 1941 - 1945 was officially pegged by the U.S. Treasury @ $35.00 oz.... essentially the 6.5 mm M1 carbines were sold at a cost of 109% ($38.00) of an ounce of gold. That equates to 7.08 mm ounces of gold @ $35 oz. or about 240+ short tonnes of gold. This 240+ short tonnes represents just a limited short run of these firearms.

    http://www.traditionaloven.com/meta...ton-short-sh-tn-to-troy-ounce-tr-oz-gold.html

    Interestingly the lil carbine "used market price" has proven to track the long term average POG very efficiently. The key is using the average macro price metric by removing the statistical noise of temporary price abhorations.

    For instance today one of these rifles in average to good condition will retail @ market for around $1300 - $1350 (condition/demand dependent) If we take the avg POG @ $1200 X 109% = $1308.00 ....

    I cannot say whether this creates a direct or indirect price correlation between the two, however, when this firearm was purchased back around 2002, it was purchased for $300.00 fiat while one U.S. gold eagle toz. was priced around $280 - $ $285 more or less. Needless to say, the surplus lil carbine has traced the POG's rise quit nicely over the years. Secondly the surplus parts, magazine & accessory markets have also retained a correlated relationship between the two prices... with parts prices even moving ahead, which could be demand related.

    It seems logical that neither "THE" or even the "Quasi" gold standards of substance are compatible with the fundamental monetary demands of an expanding global EMPIRE. Simply stated, the outflows of substance are much to great upon the empires treasury to sustain. For instance 6.5 mm M1 carbines required 240 gold short tonnes to produce circa 1941 - 1945.... Thats a mere drop in the bucket in terms of maintaining & sustaining the global military dominance of the A-A (Anglo-American) empire & supporting NATO Alliance when the REPORTED but unverified global production of gold & refinement is estimated to weigh in at about 2,500 tonnes annually.

    Its really no stroke of genius to correlate the reasons that the all out conflicts of WWI (1913 - 1917 / 4 yr conflict) & WWII (1939 - 1944 / 5 yr conflict) were rather short in duration.... simple exhaustion of velocity including the gold monetary metrics. Unlike today, there is no organic or even an artificial braking system in the modern industrial & fiat credit based monetary systems to end constant military adventurism.... Classical Rome was destroyed in part by its failure to maintain its monetary values, the coin of its realm was under constant debasement.... IMO this was a symptom, not necessarilly a cause. It appears to be a symptom of general illness, i.e.; "physical, emotional, mental, social & cultural exhaustion of the empire itself." The classical Roman civilization fractured into various parts then faded away with a whimper....

    IMO most of us dont really understand why Scorp & I speak to the subject of VELOCITY so often.... a declining velocity is indicative of evidence of exhaustion in various parts of our civilization construct. Contemporarily there is no physical or organizational exhaustion in the discovery, mining or transportation of natural resources or the industrial capacity to turn raw materials into semi & finished goods.... The exhaustion is occurring at various levels in the system due to disequalibriums in hu-man perceptions therein... This to me indicates that systemic fractures are now underway, especially considering POTUS elects verbal attacks upon NATO allies and the EU & Japan seeking to militarize their economies & political systems. Thus far TPTB that brought us "CHANGE YOU CAN BELIEVE IN" was an abject failure, today they are rerunning the "MAKE AMERICA GREAT AGAIN" inflationary model employed by the Reagan Administration....

    images-1.jpeg

    I'm reminded of HT when he stated over & over that whipping an exhausted horse will never make him run faster! The same can be said for our society, culture & civilization. Its exhausted & tired, needs a short vacation & reorganization to allow its vitality to return. Ergo but TPTB cannot afford such a period to occur, for their ponzis built & constructed upon the frauds & lies will crumble into a whimper not unlike the former but now defunct U.S.S.R. administration of the Orthodox civilization... All because it failed to reorganize & evolve organically.

    The end of capitalism has begun

    https://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun#footer-nav

    Theres no mistaking that capitalism has been evolving, some for the better, some for the worse... the twenty first century is forcing great changes to the BASIS of the 600 yr old system (chattel slavery/ryot/ryot tenures)... the very fact that THE & QUASI gold standards have been replaced anew are representative of an evolving system & the destruction of the former various organizations & forms of capitalism. I disagree with the above author, "CAPITALISM ISNT ENDING", its simply being transformed into its next iteration.... and we get to observe it full time.

    Its ALL gonna work out! For there is no other logical choice....

    Wishing all of you a great new year in 2017!

    BB
     
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  20. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    as a FYI, German 2 yrs hit a all time low in rate yesterday,

    making the spread to USD even greater,

    this am? We have USD moving up again.

    One thing curious though, is typically oil will decline against a stronger dollar. So far, this is not happening as it continues to rise into the dollar strength.

    Whereas quite interesting, NGas is flopping with the dollar moves of late. With good demand fundamentals, it is still getting moved around a bit by dollar action. Yet, big picture, it has had quite a run from its lows. Natty showing a big double top right now


    nat.png
     
  21. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    USD and Crude charts:

    We can see that dollar is consolidating for now as players watch for a break out of this recent zone to the up.

    usd.png

    oil.png
     
  22. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    as for metals,

    with silver you can see a month of work gets wiped out in a day or 2
    work work work, Boom.........work work work............Boom

    gold.png

    silver.png
     
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  23. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    170px-Lange-MigrantMother02.jpg
     
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  24. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Looks like they are making a comeback. Gold up $5.2 to 11.47 and silver up .09 to 16.06
     
  25. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    –Unemployment Claims are out at 8:30 AM EST. This is major.

    – Goods Trade Balance is out at 8:30 AM EST. This is not major.

    – Prelim Wholesale Inventories is out at 8:30 AM. This is not major

    – Natural Gas Storage is out at 10:30 AM EST. This is major.

    – Crude Oil Inventories is out at 11 AM EST. This is major.
     
  26. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Trumped Up. The Energy Report 12/28/16
    Wednesday, December 28, 2016

    by Phil Flynn of The PRICE Futures Group


    [​IMG]

    Oil prices are getting trumped up on a dose of economic optimism and signs that OPEC is serious about production cuts. Trump is making Americans feel great again as consumer confidence came in at a 15 year high, the highest reading since before the terrorist attacks on the world trade center back in 2001.

    The Conference Board said Tuesday that its consumer confidence index climbed to 113.7 in December, up from 109.4 in November and the highest since it reached 114 in August 2001. That confidence is being felt in gasoline demand that is running near a record for this year. Saudi Arabia is also confident that prices will rise in the near term, targeting an average price of $55 a barrel and even talk of $60 a barrel.

    We are also seeing confidence that OPEC will follow through with production cuts. Even Venezuela, racked with debt, said it will cut 95,000 barrels per day (bpd) of oil production in the new year in fulfillment of a producer deal to reduce global output and strengthen prices per Reuters. Iran is taking advantage of its post sanctions world by doubling exports to Asia as it is exempt from production cuts until they get the production back up to the cap of 3.9 million barrels a day.

    That optimism should be felt with inventors as gas going up ahead of the holiday demand period as well as demand for heating fuels should lead to a clean sweep of draws in all the major categories. So, I am looking for gas to be down 3 million barrels along with crude oil and distillates and refinery runs will increase by 1.0.

    Gas prices may be going up almost every day but the sticker shock may by more felt in Mexico. Reuters is reporting that in Mexico gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, as the government sets prices at the pump. The Mexican finance ministry said the widely-used Magna gasoline brand will rise 14.2 percent and will sell at an average price of 15.99 pesos (78 cents) per liter at retail, while premium fuel will go up 20.1 percent to an average of 17.79 pesos per liter.

    Natural gas is on the attack as record consumption is causing this market to roar. Back after a big jump yesterday, the market is trying to balance what should be a record withdrawal from storage and near term warmer weather forecasts. We feel this week’s draw could be around 240 bcf.

    The year is ending on a strong note and we have continued to keep our bullish outlook all year. I have always believed that the OPEC and non-OPEC deal would get a deal done and that the cut backs in Cap X spending in energy would reduce output to a point that a OPEC cut would make sense. Remember it was a year ago almost to the day when Saudi Arabia said they would continue to flood the market with oil. Now we have the first OPEC and non-OPEC cut since 2001. Energy has made an incredible comeback and the new year looks bullish and bright.

    Thanks,
    Phil Flynn
    Questions? Ask Phil Flynn today at 312-264-4364

    http://insidefutures.com/article/1857567/Trumped Up. The Energy Report 12/28/16.html
     
  27. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Gasoline moves up in terms of price
    Wednesday, December 28, 2016

    by Ira Epstein of Ira Epstein Division of Linn & Associates, LLC


    [​IMG]


    Starting on Jan 1, 2017 OPEC and agreeing Non-OPEC members begin cutting crude oil production.

    As long as OPEC can hold together and get results in terms of cutbacks of production, it's hard to be bearish this complex. If cheating or non-compliance breaks out, prices will respond in a negative manner, but in the near term this is not going to be the case.

    In and of itself, what OPEC does doesn't greatly influence US gasoline prices. However, ideas of improvement in oil prices combined with ideas that under President Elect Trump the US economy will do better, especially going into the summer months is impacting gasoline in a positive way and prices are now moving up in anticipation of increased demand because of this.

    [​IMG]

    The PriceCounts shown above are provided through QT Info Systems.

    The QT PriceCount Study is a technical indicator exclusive to QT Charts.What this exclusive study attempts to do is project the distance of a move in price. PriceCounts are not intended to be an "exact science" but rather offer a target for various objectives based off the first leg of a price move. Each chart will have the "initial leg" which sets up the PriceCount displayed as two parallel lines on the chart above.

    A very popular free service I provide is called "Chart of the Day". I send these out to followers of this study for on a daily basis and yes, there are many days where more than oneChart of the Dayis sent out. I call those "bonus charts". You won't see all the charts here as I don't post them all. However, all are sent out via e-mail to our subscribers. In addition I can send you a PDF that explains in detail how you can setup and use PriceCounts in up and down trending markets.

    To signup for yourFree Subscription to Chart of the Day.

    Simply copy and paste the following link:

    http://www.iraepstein.com/sign-up?site=barchart

    into your web browser and complete the form. You should start receiving PriceCount Charts the next business day or so.

    DISCLAIMER:THIS IS A SOLICITATION. Reproduction or rebroadcast of any portion of this information is strictly prohibited without written permission. The information reflected herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. In an effort to combat misleading information Linn & Associates, LLC. has performed its due diligence to insure that all material information is provided within this report, though specific information related to your investment, hedging or speculative situation may not be included. Opinions expressed are subject to change without notice. This company and its officers, directors, employees and affiliates may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.


    Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades may have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

    http://insidefutures.com/article/1857652/Gasoline moves up in terms of price.html
     
  28. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Rising optimism means a growing expanding economy.
    Rising interest rates, rising energy prices, oil output cuts, seems like someone wants to slow everything down by creating a massive headwind. You know it will take 4-6 months for the first interest rate increase to hit and by then if they do their 3 more in 2017 they will already have 1 in place with another one loaded without any information & will be shocked, SHOCKED I TELL YA that things were slowing down. So F the next few years.
    Think that would have happened if the killery was heading to dc again? No wonder people move to the black market. It's the only place you get to keep what YOU do.
     
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  29. solarion

    solarion Gold Member Gold Chaser

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    The fed's piddly little tics aren't doing squat, save giving them some elbow room to lower FF again in the near future. Real rates need to move significantly higher still before banks are going to be incentivized to lend excess reserves rather than just collect interest from the fed and play around in the derivatives casinos. ...and what about all those trillions in interest rate sensitive swaps? What's going to blow up/has already blown up behind the scenes due to the sharp up-tic in real rates?

    Trouble is higher rates will make servicing the massive debts impossible and things will break(hello housing market). Not to mention the spectre of higher rates here making the already "strong dollar" stronger vs even crapier fiat currencies. Then there's the fed's own balance sheet. lol

    The fed is boxed in and listening to their fairy tales about unemployment insurance rates and made up inflation numbers is always good for a laugh. Hey look the utopian unicorn 2% inflation rate is almost here...everything is obviously awesome! I guess the masses of boomers that are retiring/dying have been given a reprieve and are going out and spending all their loot instead of stashing it under their pillows.

    All this crap just feels like we're in a roller coaster car ticking up to the crest of the hill...guess what happens next.

    Inflation Expectations Have Been Approaching the Fed’s Target Level
    [​IMG]
    Source: Federal Reserve Bank of St. Louis. As of 11/30/2016.
    The break-even rate is the minimum rate that the Consumer Price Index must average over a specified period before Treasury Inflation-Linked Securities outpace Treasuries with similar unlinked securities.

    https://www.americanfunds.com/indiv...-c76f-4651-8dc7-acf713a93379&cid=ps_ggl_63138

    Obviously since everything is now super-duper we can expect to see FRED's velocity of M2 chart come off its all time low reading in the very near future. Right? lol Someone better tell Trump to stoppit with the talk about deporting illegals. Who's going to fill in the economic gaps left by the dead and dying boomers if not the welfare seeking "undocumented immigrants"?

    https://fred.stlouisfed.org/series/M2V
     
    Last edited: Dec 29, 2016
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  30. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Please, your not describing the so called "black market" (supra), your describing the "free enterprise" system.

    Would you call a "price controlled" Cosa Nostra neighborhood agora market jurisdiction and protection racket a white, black or free market? It cannot be free as the price system is controlled to protect the profits of the racket.... Which necessarilly leaves only the so called "white (legitimized/regulated/lawful) & black (unregulated/unlawful) markets."

    Axiomatically a nexus exists between these two seemingly distinct markets, namely two connections; "regulated & unregulated," & the primacy of the "authorities" that perform the regulatory functions.

    On the one hand, the "white market" is an organized gang styling themselves as "We the People," "The State of XXX," "The City or County of XXX," operating under the auspices of an altruistic monopolis social & commercial market protection racket against their consenus idea of social sins, ills & economic injustice. The only conventional means to "legitimize" their growing usurpacious grasp for allocating more & more authority & self serving market exploitations is via "voting" & political participation thereof by a majority consensus thru the illusion of "free choice"; two or more ostensible political opposition parties/gangs. This gang, in its quest for legitimacy points to parchments & scribblings called constitutions, statutes, codes, & laws etc.

    The "black market" on the other hand exists solely as Newtons third law, "an equal & opposite reaction" to the viscisitudes, exploitations, domination & most importantly the ability to exploit the gangs regulations & commands for illegitimate profits & rent seeking.

    The "free enterprise" system is abhored & hated by both the white & black markets. For the black markets price system is set by the white market thru various regulations, taxes, codes & laws. The white market is essentially a captured & organized open air market filled with monopolists, cartels, special interests & rent seekers all attempting to gain special favors, endorsements & advantage via limiting risk through the use of political machinery & the law perverted. Same may be said of the mostly unorganized black market... regardless, both markets, black & white are seeking unearned market advantages! Advantages that mostly would not exist or be readily available for exploitation in a free enterprise system.

    Yin cannot exist w/o Yang, vis-a-vis... The free enterprise system can exist on its own without either.... Ergo one can easily conclude & observe that the White/Black markets are merely micro control systems within a macro organized control system.

    JMO
     
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  31. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    a free market, free enterprise system is inherently yin and yang,

    with free adaptation of price vs demand
     
  32. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    the USD has finally pulled back a bit off the 103, which along with the russian sanctions has given the metals a little room to breathe.

    The boot isn't resting so heavy on their necks.
     
  33. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    LAST TRADING DAY OF THE YEAR.

    The real election effect will come in the new year.
     
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  34. solarion

    solarion Gold Member Gold Chaser

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    So naturally gold, silver, and bitcoin are all down today. Curse that weak(er) dollar!

    Lotsa red here. Must be another cruddy fiat in the USD Index having a day(Yen?). Don't care enough to find out which or how much though.
    [​IMG]
     
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  35. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Hmmm, wonder whats up?

    No US carrier at sea leaves gap in Middle East

    For the next week, not only will there be no U.S. Navy aircraft carrier in the Middle East, but there will be no American aircraft carriers deployed at sea anywhere else in the world, despite a host of worldwide threats facing the United States.

    But the absence of a deployed U.S. Navy aircraft carrier, long seen as a symbol of American power projection, is noteworthy. It is believed to be the first time since World War II that at least one U.S. aircraft carrier has not been deployed.

    “We are not going to discuss the timing of operational movements of carrier strike groups into and out of the U.S. Central Command area of responsibility,” said Capt. Terry Shannon, a U.S. Naval Forces Central Command spokesman, in a statement.

    http://www.foxnews.com/us/2016/12/30/no-us-carrier-at-sea-leaves-gap-in-middle-east.html
     
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  36. REO 54

    REO 54 Midas Member Midas Member

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  37. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  38. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  39. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    I wish they had killed that POS while he was locked up in the jungle.
     
  40. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    The United States has too many stores
    Recs


    June 15, 2009 – Comments (15) | RELATED TICKERS: WMT , BBY , BBBY

    [​IMG]

    I have blogged numerous times in the past that I personally am very afraid of consumer discretionary stocks. Consumer spending had grown to over 70% of U.S. GDP over the past two decades fueled by over-leveraged consumers using MEWs (mortgage equity withdrawals) and credit cards to fund their over-consumption. In response to this voracious consumer demand, retailers kept building, and building, and building new stores.

    I'm always blown away at how many strip malls there are when I go to visit my parents in a suburb of Memphis, Tennessee. It seems like there are malls within malls there. There's absolutely no way that their area needs half as many stores as it has.

    Argus published a great note today that illustrates just how overbuilt U.S. retail space is. As of 2003, and I assume that the situation is a lot worse today than it was back then, the United States had the largest amount of retail space per capita, 20 square feet. The second place country, Canada, had only two-thirds as much retail space per person back then and again I'm sure that the gap between first and second place has widened since this study was published. In Europe, the country with the most retail space per capita is Sweden, but has only three square feet of store space per capita.

    The U.S. consumes, it's what we do...so there's no way that we'll ever approach the three square feet per person of retail space that Sweden has, but as the U.S. moves into an era with more regulation and greater socialization of services like healthcare, its economic environment becomes more and more similar to that of Europe (we had gone too far in one direction and now we will overshoot in the other). I suspect that the amount of retail space per capita will ultimately have to shrink here. This is bad news for REITs with significant retail exposure and for the weaker public retailers.

    I personally have no direct exposure to retail in my portfolio. The things that I do have that are somewhat exposed to the consumer, like Corning bonds (the company makes the glass for flat panel TVs among other things) are either high up the capital ladder or global companies that are not completely dependent upon the U.S. consumer.

    To me, particularly after its recent massive run, stocks that are heavily tied to the fate of U.S. consumers are a very, very dangerous place to be right now. The only companies in the sector that I personally would even consider going near are discount retailers like Wal-Mart (WMT) or those that have already seen a major competitor go bankrupt like Best Buy (BBY) or Bed, Bath, and Beyond (BBBY)...interesting that their ticker symbols are so interesting. And even then the big moves in these companies have already probably happened.

    Deej

    Disclosure, I own high-yielding GLW bonds in real life but no stake in any other company mentioned. I own WMT in CAPS.

    http://caps.fool.com/Blogs/the-united-states-has-too-many/212833
     
  41. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    From dead malls to dead strip malls to a dollar store, dollar general, dollar tree on every corner & the internet.
    Rite Aid & Wallgreens merged and they have great location buildings right across the street from each other.

    Is the time over for UPS & Fed Ex with amazon delivering their own product? Will online taxes kill digital stores?
     
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