1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Ramblings

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



  1. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    The Tomahawk (US /ˈtɑːməhɔːk/ or UK /ˈtɒməhɔːk/) is a long-range, all-weather, subsonic cruise missile. Introduced by General Dynamics (now Boeing Defense, Space & Security)[4][5] in the 1970s, it was initially designed as a medium to long-range, low-altitude missile that could be launched from a surface platform. It has been improved several times, and after corporate divestitures and acquisitions, is now made by Raytheon. Some Tomahawks were also manufactured by McDonnell Douglas.

    https://en.wikipedia.org/wiki/Tomahawk_(missile)


    The Block III TLAMs that entered service in 1993 can fly farther and use Global Positioning System (GPS) receivers to strike more precisely. Block III TLAM-Cs retain the DSMAC II navigation system, allowing GPS only missions, which allow for rapid mission planning, with some reduced accuracy, DSMAC only missions, which take longer to plan but terminal accuracy is somewhat better, and GPS aided missions which combine both DSMAC II and GPS navigation which provides the greatest accuracy. Block IV TLAMs are completely redesigned with an improved turbofan engine. The F107-402 engine provided the new BLK III with a throttle control, allowing in-flight speed changes. This engine also provided better fuel economy. The Block IV TLAMs have enhanced deep-strike capabilities and are equipped with a real-time targeting system for striking fleeing targets. Additionally, the BLOCK IV missiles have the capabilities to be re-targeted inflight, and the ability to transmit, via satcom, an image immediately prior to impact to assist in determining if the missile was attacking the target and the likely damage from the attack.

    https://en.wikipedia.org/wiki/Tomahawk_(missile)
     
    BarnacleBob likes this.
  2. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    Todays PM markets look like they took a couple of tomohawk missle hits late this morn... LOL
     
    Scorpio likes this.
  3. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    I'm no fan of Alex Jones, but he may be onto something.

    Start @ 5:40

     
    andial likes this.
  4. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    It was late Saturday aftenoon when I looked up in the sky & noticed a plane emitting four contrails from its exhaust. After observing the craft it appeared to be a military bomber flying high, but its flight path was exactly following a very odd & strange formation that appeared well in front of the plane.

    The craft seemed to be emitting what may be an electromagnetic projection at least a half mile, prolly more in front of the flying craft. The skys were blue & clear, the projection was observed as translucent & darker than the blue bird sky. Upon noticing the oddity I pointed the observation out to three other persons, they too observed this aerial phenomena, confirming my observation.

    I talked to Scorp about it & he suggested it may be a cloaking or radar scrambling defensive measure to protect the aircraft from hostile missles and anti-aircraft defenses.

    Employing his suggestion this morning I began looking for such technology and this is what I found among other various emerging technologies.

    Quantum Imaging Technique Heralds Unjammable Aircraft Detection

    "So a more sophisticated idea is to intercept the radar signal and modify it in a way that gives false information about the target before sending it back. That’s much harder to outsmart."

    https://www.technologyreview.com/s/...hnique-heralds-unjammable-aircraft-detection/

    One must ponder if so called aerial spraying (chem trails) are related to creating these new stealth technologies.... Whatever tech was being utilized the plane followed the projection, hence it was not some kind of atmospheric anamoly....

    Quantum-secured imaging

    https://arxiv.org/abs/1212.2605
     
    andial likes this.
  5. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    VXX having a helluva time with the 18 handle, can't clear it and hold it.

    Keeps getting sold off that level ie well defended.

    Waiting to exit to see if it can clear, as it should run for a bit if it does clear with that type of defense.
     
  6. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    Major announcement expected coming out of D.C. today. Reporters advised to remain in Washington.

     
    pitw likes this.
  7. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,793
    Likes Received:
    2,636
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
    Now I gotta find a way to see the news or at least watch this site where I get most of it anyways.
     
  8. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
  9. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    recent gold and silver charts:

    gold has went to new highs for the move,
    while silver is attempting to follow with new highs

    they are getting closer to election night highs, but still have not cleared those marks

    gol.png

    sil.png
     
  10. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    –Building Permits are out at 8:30 AM EST. This is major.

    – Housing Starts is out at 8:30 AM EST. This is major.

    – Capacity Utilization Rate is out at 9:15 AM EST. This is major.

    – Industrial Production m/m is out at 9:15 AM EST. This is major.
     
  11. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    World goes into melt down,

    stocks up early, now reversing and going all red

    metals getting hit pretty hard, removing recent gains,

    oil getting hammered, down over $2 at one time

    and with bonds also down,

    seas are rough out there
     
  12. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    – Philly Fed Mfg Index is out at 8:30 AM EST. This is major.

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

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

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

    –Treasury Sec Mnuchin Speaks at 1:15 PM EST. This is majo
     
  13. platinumdude

    platinumdude Gold Chaser Platinum Bling

    Joined:
    Mar 31, 2010
    Messages:
    3,344
    Likes Received:
    2,225
    Trophy Points:
    113
    Gold drops over 1% in early Asian trade on Monday as French exit polls show centrist Emmanuel Macron and far-right leader Marine Le Pen leading the official vote count in the first round of French election. - by Kitco News, 6:10PM
     
    JayDubya and Scorpio like this.
  14. platinumdude

    platinumdude Gold Chaser Platinum Bling

    Joined:
    Mar 31, 2010
    Messages:
    3,344
    Likes Received:
    2,225
    Trophy Points:
    113
    Dow futures up 200
     
  15. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    yep, dollar index down huge as support for zero will hold

    which of course is contrary to the metals getting pummeled

    SPx is flying to the up on the news,

    everybody betting the zero is safe for now
     
  16. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    the gross dislocations have to be resolved one way or another,

    it changes the equilibrium, and creates massive liquidity issues
     
  17. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    Liquidity issues? Not a problem!

    2017-04-23-20-29-04--452519652.jpeg

    images-34.jpeg
     
  18. Pyramid

    Pyramid Gold Member Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,547
    Likes Received:
    1,448
    Trophy Points:
    113
    Location:
    The 57th State
    Some good research and interesting history here...

    The Petrodollar Regime is Crumbling, but How Will the U.S. Economy React?

    by Nick Chao

    The global energy market is undergoing a rapid transformation in favour of unconventionally-sourced oil and renewables. With this transformation comes a change in relations between the globe’s largest oil consumer and the globe’s largest oil exporter, the United States (U.S.) and Saudi Arabia, respectively. Central to discussions concerning the future of the U.S.’s position in the global energy market is the fate of the petrodollar agreement constructed by the U.S. and Saudi Arabia in 1973. The agreement made Saudi petrodollars a significant stream of finance for the U.S. economy, and its upkeep is an important political-economic tool in neutralizing Saudi Arabia’s use of oil as an economic weapon while alleviating concerns over U.S. energy security. The changing landscape of the global energy market points to a de-facto end of the U.S.-Saudi petrodollar agreement. The U.S. is, however, actively becoming a major exporter of energy for the first time since the 1960s. A strong domestic energy sector with a high priority of exporting will allow for a smooth transition away from the petrodollar regime as energy exports replace the capital inflows from Saudi treasury purchases and uphold the global demand for USD, rooted in energy needs. In addition, it will provide domestic energy security, one of the major premises of the 1973 petrodollar agreement. As such, the fall of the petrodollar agreement will neither threaten nor cripple the U.S. economy in any major way.

    The 1973 petrodollar agreement, made between the U.S. and Saudi Arabia amidst the OPEC oil embargo, stipulated that Saudi Arabia would sell its oil exclusively in USD and invest its excess oil profits in U.S. treasuries, while the U.S. would provide military aid for Saudi Arabia and act as the Kingdom’s military supplier. This arrangement with Saudi Arabia achieved key economic objectives for the U.S. regarding energy security and U.S. economic hegemony through the USD’s role as the global currency.

    The agreement spurred an economic allegiance between the U.S. and Saudi Arabia and ensured that Saudi Arabia’s decisions in the oil market would align with U.S. economic goals. This weakened Saudi Arabia’s ability to utilize its market power in the energy sector as an economic weapon, as it did in the early 1970s, while strengthening energy security for the U.S.

    Furthermore, the agreement alleviated economic pressures that could have resulted from the U.S.’s departure from the gold standard in 1971 under Nixon’s presidency. Fear of hyperinflation was widespread by the late 1960s as the U.S. Treasury found itself strapped for gold, and the future of the USD’s role as the global currency under the Bretton Woods system was in jeopardy. The Petrodollar agreement helped to re-legitimize the USD as the global currency as it pegged dollars to oil, replacing the gold standard. Also to the benefit of the USD, energy-dense oil, unlike gold, holds inherent value for an economy as an energy stock, and the value of oil sitting beneath the sands of the Arabian Gulf is seemingly endless.

    Moreover, Saudi purchases of U.S. treasuries with its oil profits ensures a reliable monetary inflow for the U.S., funded by the largest supplier of the largest economic sector in the globe, the energy sector.

    Immensely important in the discussion of the petrodollar agreement was the insistence that the purchase of U.S. treasuries be kept confidential under the agreement. Speculation over the extent and the importance of Saudi’s U.S. treasury holdings has since become a contentious topic in discussions of the U.S. economy and the global energy market. Promising leads on the subject emerged last year. Until mid-2016, the U.S. Treasury omitted individual treasury holdings for the OPEC nations in their annual reports, opting to lump the primary oil-exporters into a single sum, unlike reports for all other nations. Under a claim on the Freedom of Information Act in May of 2016, the U.S. was forced to disclose the individual treasury holdings of the OPEC members. The disclosure revealed a relatively modest holding of $116 billion by Saudi Arabia (modest in relation to China’s holdings of $1.3 trillion), far lower than most estimates. However, many speculate that a large portion of Saudi’s holdings are funneled through offshore banks, detaching the trace to Saudi Arabia. These claims have been given legitimacy through revelations from the Panama Papers leaks in early 2016, which revealed extensive offshore banking activity from Saudi Arabia, particularly through the British Virgin Islands, Panama, and the Bahamas. Saudi officials, on the other hand, have claimed holdings of over $750 billion dollars, although the White House has called this a bluff.

    While the truth likely lies somewhere in the middle, the incredible oil revenues flowing into Saudi Arabia since the petrodollar agreement would suggest something closer to Saudi Arabia’s claims than the White House’s. In 1973, before the oil price surges from the OPEC embargo, Saudi Arabia raked in $25 billion in revenues. In 1974, the year after the petrodollar agreement, this number jumped to $112 billion, and beyond in the subsequent decades. To put this into perspective, $112 billion in 1974 is equal to $548 billion in 2016 dollars, almost half of the value of China’s current treasury holdings. It remains uncertain how much of Saudi Arabia’s oil revenues are allocated to operating costs and fiscal expenditures. In early October of last year, Saudi Arabia announced that its 5% stake in state-owned Aramco, the largest oil firm on the planet and likely the most valuable firm of any kind in the world, will go public as early as 2018. This will expose the firm to independent audits and give an estimate of the oil producer’s net valuation, which may give more leads on the value of U.S. treasuries Saudi Arabia holds. If it is the case that Saudi’s treasury holdings is closer to $750 billion than the White House’s claim of only $116 billion, then it stands to reason that Saudi oil profits are an important stream of finance for the U.S. economy, because of this petrodollar agreement.

    Considering the renewable energy and unconventional oil explosion in recent years, one is left to wonder how much longer the petrodollar regime will last and what impact its end will have on the U.S. economy. In mid-December 2016, the US announced a suspension on its arms deals with Saudi Arabia over their support for the Yemeni Government in Yemen’s ongoing civil war. While previous news of deteriorating U.S.-Saudi relations had centred around Saudi Arabia’s threats to dump their U.S. treasuries in response to the Justice Against Sponsors of Terrorism Act (dubbed “the 9/11 bill”), which mostly involved posturing and empty threats from both parties, the U.S.’s suspension of its arms supplies to Saudi Arabia marks a tangible blow to the future of the petrodollar agreement.

    Furthermore, recent trade deals between Russia and China have made Russia the premier oil-supplier for China, toppling Saudi Arabia’s long-held position in another hit to the petrodollar regime. Saudi Arabia’s future as the dominant energy exporter is also under question as the nation observes unprecedented fiscal deficits, despite sustained revenues from oil. This raises questions over the amount of commercially-viable oil that Saudi Arabia even has left in its reserves, as well as its ability to compete with unconventional oil suppliers in the future. Considering these factors, the petrodollar agreement in its current form appears to be crumbling.

    Will the fall of the petrodollar agreement drastically drag down the U.S. economy and re-expose the country to energy security risks? Recent developments in the U.S.’s energy sector, orchestrated by the White House, say no. U.S. petroleum exports have exploded over the past 2 years, due in large part to heavy investments in unconventional oil (shale and offshore). In the first half of 2016, the U.S. exported 10 times the amount of crude oil it exported in the first half of 2015. Of course, natural gas is another pathway to energy production that is high on the White House’s agenda, as well as renewable energy, with annual solar installations almost doubling this past year. It seems the U.S. is actively preparing to be a net exporter of energy in the near future, with some projecting the shift to occur as early as 2020. The time may come sooner rather than later if President Donald Trump follows through with promises to deregulate the energy sector and invest heavily in coal and fossil fuels during his presidency.

    A net energy-exporting future for the U.S. will replace the monetary inflow from Saudi’s U.S. treasury investments of its oil profits, as well as prop up a healthy demand for USD that will help to maintain the stability of the currency. A strong domestic energy sector will also alleviate U.S. concerns over energy security, as it will no longer be reliant on energy imports. These mechanisms will mediate a smooth transition away from the petrodollar regime as well as an end to the economically-driven diplomatic ties between Saudi Arabia and the U.S.

    http://mironline.ca/petrodollar-regime-crumbling-will-u-s-economy-react/
     
    Scorpio and JayDubya like this.
  19. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Commentary
    So today President Trump came out with his tax plan that was presented by Treasury Secretary Steve Mnuchin and Gary Cohn. The markets did not take to this plan warmly as it is clear that the plan will favor businesses and the top 1 percent. It will also seek to reduce individual deductions but don’t worry according to Steve Mnuchin: “homeowners your mortgage interest payments will still be tax deductible.” Really, what about property taxes? No mention was made of property taxes and they are vastly becoming more expensive than interest on a mortgage. What about health care bills? No mention. This plan was seemingly drawn up at the very last minute and had no substance to it whatsoever. It was Trump’s way of saying “Look I tried to do something great within my first hundred days but no one would allow me to do so”. Really? Have you forgotten that the so-called Freedom Caucus shot down your proposed healthcare bill that ironically you didn’t write. Time will tell how this all works out but this president has much to learn about politics….

    http://insidefutures.com/article/1944421/Tax Plan Doesn't Wow Markets.html
     
  20. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    – Core Durable Goods Orders is out at 8:30 AM. This is major.

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

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

    – Goods Trade Balance is out at 8:30 AM EST. This is major.

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

    – Pending Home Sales m/m is out at 10 AM EST. This is major.

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

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Tedious Trading. The Energy Report 04/26/17
    Wednesday, April 26, 2017

    by Phil Flynn of The PRICE Futures Group


    [​IMG]


    The oil trade has become tedious with a bigger dose of monotonous heaped inside. Not even another conflict with Iran or a drawdown in oil inventory could wake this boring market up out of its tedious movements. Perhaps that may change as the dollar is springing back to life and we get oil inventories and reports that Mexico’s PEMEX is going to spend 134 million dollars on a great oil hedge. Along with that, traders may look at other outside commodity markets that are showing some signs of stress.

    The API did report an 897,000 barrel drop in crude oil supply and an even larger 1.97 million barrel drop in Cushing, Oklahoma. Of course some of that drop was because refiners where ramping up gasoline production, allowing those supplies to increase by an impressive 4.45 million barrels. Distillates did fall by a modest 36.000 barrels. So, it was really a mixed bag not really helping the bulls or those bears and encouraging a big rise in malaise to what is almost a disgusting level.

    As oversold as oil is, you would think we might get at least a little bounce from geo-political risk stories. Fox News reported that a, “U.S. Navy destroyer had another close encounter with an Iranian Revolutionary Guard “fast attack craft” in the Persian Gulf Monday. Two U.S. officials tell Fox News that the Iranian ship came within 1,000 yards of the guided missile destroyer USS Mahan with its weapons manned. The officials said the Mahan altered course to avoid the Iranian warship, sounded the danger signal, fired flares and manned its own weapons. The Iranian ship did not come closer than 1,000 yards and no warning shots were fired. “Coming inbound at a high rate of speed like that and manning weapons, despite clear warnings from the ship, is obviously provocative behavior,” said one American official in describing the Iranian actions.

    Mexico is hedging on whether oil prices have peaked or not. The FT reports that Pemex, Mexico’s state oil company, has spent $133.5m on a hedging program, the first in its history, to protect its balance sheet from falling crude prices. The FT says that since 2005, Mexico’s finance ministry has conducted an annual hedging program. It is the market’s largest such oil trade and usually shrouded in secrecy. Pemex’s program was not expected to change that. (It has done a good job with that in the past) “The two things have nothing to do with one another,” a spokeswoman said, indicating that the ministry hedge would go ahead as usual. A Pemex spokesman concurred that the two operations “are complementary”. “The finance ministry’s hedge is to protect direct government income and this hedge is directly to protect our income to meet the financial balance goal,” he said. The size of the two operations is also wildly different. The government has spent an average of about $1.0 billion a year on its oil hedge for the past decade, and last year netted $2.65 billion from the program. The Pemex hedge covers a maximum of 409,000 barrels per day for the May to December period at a price of $42 per barrel, that being the target price established in the budget for 2017.

    Natural gas is stalling straight ahead of tomorrow’s injection report. We are looking for a 67 bcf injection but that won’t be enough to remove supply tightness concerns in this structurally short market.

    Lumber went thud in the aftermath of the Trump Tarif. The reason was that the market had been anticipating the move for some time. Canadian lumber producers have already been raising prices for months in anticipation of the retroactive tax.

    Copper concerns? BHP cuts its 2017 guidance for copper and iron ore according to the FT. Freeport cut its production targets after a problem with the Indonesia government.

    Rain makes grain but also slows planting. Despite the farmer’s progress being better than expected as the farmers seem to be moving around the raindrops, it appears that the outlook is looking a bit wet. The grain markets seemed to get support on renewed late planting reports. WX Risk reports there were 2 areas of significant rain in the last 24 hr’s. One area was over northern Minnesota and the eastern half of North Dakota (and some of this was snow). Rainfall amounts range from 0.25 -1.0″/ 6-25mm and the coverage was 60 to 70%. The second area of moderate rain fell over eastern Wyoming and the western half of Nebraska as well as far southwestern South Dakota. Rainfall amounts here were a little heavier range from 0.25 -1.5″ 6-38mm and again the coverage was 60-70%.
    Thanks,

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



    A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

    Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

    The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017





    You can prosper in the spring and into the summer if you tune to the Fox Business Network! It is where you get the Power to Prosper! You can also sign up for my next webinar by calling 888-264-5665 or email me at pflynn@pricegroup.com and try out my Daily Trade Levels.


    http://insidefutures.com/article/1944027/Tedious Trading. The Energy Report 04/26/17.html
     
  22. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Zed found this one for anyone that hasn't seen it:

    Canada's Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History

    by Tyler Durden
    Apr 27, 2017 5:29 AM


    We first introduced readers to the company we said was the "tip of the iceberg in Canada's magnificent housing bubble" nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada's largest non-bank mortgage lender: liar loans in particular, and a generally overzealous lending business model with little regard for fundamentals. In the interim period, many other voices - most prominently noted short-seller Marc Cohodes - would constantly remind traders and investors about the threat posed by HCG.

    Today, all those warnings came true, when the stock of Home Capital Group cratered by over 60%, its biggest drop on record, after the company disclosed that it struck an emergency liquidity arrangement for a C$2 billion ($1.5 billion) credit line to counter evaporating deposits at terms that will leave the alternative mortgage lender unable to meet financial targets, and worse, may leave it insolvent in very short notice.

    http://www.zerohedge.com/news/2017-...-biggest-mortgage-lender-crashes-most-history
     
  23. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    ECB Leaves Interest Rates Unchanged

    Neils Christensen
    Thursday April 27, 2017 07:45

    Kitco News

    Share this article:

    (Kitco News) - As expected the European Central Bank left interest rates unchanged Thursday.

    Following its monetary policy meeting, the central bank decided the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

    With emerging signs of improvement in the Eurozone economy, economists will be listening close to what ECB President Mario Draghi has to say during his press conference following the monetary policy decision. The press conference starts at 8:30 a.m. EST.
    However, many economists say that it is still too soon for Draghi to signal a shift in the central bank’s current monetary policy.

    “The ECB is likely to stick to the script this month, with a weak outlook for underlying inflation justifying its plan to buy assets until at least the end of the year,” said Jennifer McKeown chief European economist at Capital Economics in a report released ahead of the central bank decision.

    By Neils Christensen
    For Kitco News

    [​IMG] nchristensen@kitco.com
    www.kitco.com

    http://www.kitco.com/news/2017-04-27/ECB-Leaves-Interest-Rates-Unchanged.html
     
  24. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    –Treasury Sec Mnuchin Speaks at 7:45 AM. This is major.

    – Core PCE Price Index m/m is out at 8:30 AM. This is major.

    –Personal Spending m/m is out at 8:30 AM EST. This is major.

    –Personal Income m/m is out at 8:30 AM EST. This is major.

    – Final Manufacturing PMI is out at 9:45 AM. This is major.

    – ISM Manufacturing PMI is out at 10 AM EST. This is major.

    – Construction Spending is out at 10 AM EST. This is major.

    – ISM Manufacturing Prices at 10 AM EST. This is major.

    – Loan Officer Survey. This is not major.
     
  25. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Drill Baby! The Energy Report 04/28/17
    Friday, April 28, 2017

    by Phil Flynn of The PRICE Futures Group


    [​IMG]

    Momma put those drills in the ground, and unleash the U.S. energy producer, assuming they have the stomach to do it! The UPI and Dan Graeber reported that, “U.S. presidential remarks about Alaska and senate measures on offshore drilling may point to an executive action on oil and gas, authorities on the matter said. “We’re going to take care of Alaska too,” President Donald Trump told Sen. Lisa Murkowski, R-Alaska, during remarks on the signing of an executive order on national lands. “Don’t “worry about it.” The UPI said that, “In an executive order signed Wednesday, the Trump administration ordered the Interior Department to review national monument designations, calling such designations an example of federal over-reach. The review process could result in an advantage to industries ranging from logging and ranching, to oil and natural gas. Advocacy and federal insiders have said an executive order that could be released as early as Friday would call for a review of actions enacted by previous administration that banned Arctic and Atlantic drilling, as well as moratoriums for parts of the Gulf of Mexico.”

    Bloomberg reported that Interior Secretary Ryan Zinke on Friday is going to revise a five-year schedule for auctioning offshore drilling rights with the aim of potentially including territory left out by former President Barack Obama. Trump’s order also aims to reverse a potentially more enduring decision by Obama to indefinitely withdraw most U.S. Arctic waters and some Atlantic Ocean areas from leasing forever. “It is better to produce energy here under reasonable regulations than to have it produced overseas with no regulations,” Zinke told reporters at a White House briefing to describe the order Trump is scheduled to sign Friday.

    But as, “Oil companies awash in crude from onshore drilling into dense shale formations in Texas, New Mexico and North Dakota may have little appetite for leases in the Atlantic or the Arctic. Those onshore wells don’t yield crude for long, but they also cost much less. By contrast, in the Arctic, Atlantic and the Pacific Ocean, development costs are high. “Even as President Trump opens drilling almost everywhere, risk-averse companies are looking at the low-hanging fruit,” said Phil Flynn, a senior market analyst with the Price Futures Group. “It’s a lot cheaper to ramp up shale production, turn a quick profit without any vision about long-term sustainable off shore projects.”

    Maybe that was why oil fell yesterday but more than likely it was because of Libya. Oil is trying to rebound after concerns about oversupply due to the restart of a Libyan oil field and economic growth seemed to have stepped into the equation.

    The U.S. GDP is not expected to be a blockbuster but the earnings from the big tech names are keeping stock market spirits high for now. The dollar reaction to today’s report as well as the Baker Hugh’s rig count may set the tone for this market.

    The oil market is still focused on the short term as we face a future of potential supply deficits. Today we will get the rig counts that may feed into the myth that U.S. shale will replace OPEC cuts and conventional oil projects while we know that the discoveries of new oil is almost at a record low.

    From a technical viewpoint, it was probably good that we saw a washout on the downside as the recent sell-off has been slow and in tiny pieces. Once the market broke $49.00 a barrel we held $48.00 and now we are back above $49.00 again. As an extension of OPEC production cut looms, we are getting the sense that we should soon see this market turnaround and one might want to use the weakness to establish longtime strategies in both futures and options.

    Natural gas still has production issues. While the report was in line with expectations, the weak production numbers and rising demand is raising concerns. The Energy Information Admintation reported that working gas in storage was 2,189 bcf as of Friday, April 21, 2017, according to EIA estimates. This represents a net increase of 74 bcf from the previous week. Stocks were 358 bcf less than last year now and 299 bcf above the five-year average of 1,890 bcf. At 2,189 bcf, total working gas is within the five-year historical range.

    At the same time the U.S. is expanding exports. The Washington Post reported that Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, a step that will help the country’s efforts to cut its dependence on deliveries from Russia, officials said Thursday. The head of Polish gas giant PGNiG, Piotr Wozniak, called it a “historic moment” for the company which is “gaining a new partner in LNG trade” in North America and becoming a “gateway” that opens for U.S. gas in northern Europe.

    It’s Prosper Friday on the Fox Business Network! Call me for my latest report and my Daily Trade Levels at 888-264-5665 or email me at pflynn@pricegroup.com.

    Thanks,
    Phil Flynn



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

    http://insidefutures.com/article/1945453/Drill Baby! The Energy Report 04/28/17.html
     
  26. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    All's well & moving nicely according to plan!

    JMO
     
  27. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    once again, all eyes on the fed later today


    Possible Challenges To Traders Today
    – ADP Non-Farm Employment Change is out at 8:15 AM. This is major.

    – Final Services PMI is out at 9:45 AM. This is not major.

    – ISM Non-Manufacturing PMI is out at 10 AM. This is major.

    – Crude Oil Inventories is out at 10:30 AM EST. This is major.

    – FOMC Statement is out at 2 PM EST. This is major.

    – Federal Funds Rate is out at 2 PM EST. This is major.
     
  28. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    Personally I think the Fed has been seriously compromised as the institution has lost most of its ability thru pegging rates to influence the speculators, credit & foreign capital inflows into the bond & equities markets.

    Observing the previous FF rate hike which initially had a temporary influence on rates, yet once the markets ingested the peg rate they started moving back into equalibrium & rates began declining once again.

    The credit once created by & thru both fiscal & monetary policies & activities must flow, and nowadays its flowing to the safe haven of U.S. bond markets in what appears to be a self fulfilling prophecy. The bond markets & participants continue to push down real rates as the bond markets absorb the previous credit inflation. Both the bond & equity markets are acting as de facto credit inflation sterilization, which one could easily speculate is contrary to the Feds objective to reflate mainstreet.

    In the past whenever the disequalibriums between the real & financial economies occurred creating a major correction, the Fed reflated the financial markets inducing speculative investment into the real economy. The real economy would absorb the investment constructing & expanding new plants & equipment, innovating, discovering & creating new products, etc.. This "boom-bust bubble" scheme would bolster & grow the real economy & create employment opportunities while also creating notional profits for the financial economy.

    The so called new tech driven "information age" economy with its computer controlled robots, automation & smart machines no longer require the massive investment or unskilled & semi-skilled labor to build & operate heavy domestic industry. Expanding industry, labor, & employment that was once the backbone of the U.S. fiscal & monetary policies.

    A recent report stated that Google, Apple & Microsoft are hoarding cash & cash equivalent reserves in excess of $1.6 trillions.

    http://money.cnn.com/2016/05/23/investing/apple-tech-giants-hoard-1-trillion-cash/

    The giant tech companies have or are becoming self-financing. They no longer need or demand the lending services of the investment banks or the credit markets. It must be noted that both the investment banks & credit markets are the main transmission utility for stimulating economic activity at the lower tiers of commerce & civil economic society.

    "Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money
    we are prosperous; if not, we starve."
    --Robert Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Ga., In the foreword to a book by Irving Fisher, entitled 100% Money.

    Research prior to the Great Depression that began circa 1931 reveals that the almost same condition existed in that period, namely industry & commerce became self financing. This condition then, like today resulted in weakening & eventually collapsing the U.S. banking system as they were forced into much riskier lending & speculative activities. Risky lending activities & speculations that created the "roaring twenties" boom & subsequent bust that began in 1929. The 1929 bust came when the margin calls on call money used by the banks & financial credit system was called by foreign investors operating from the Crown City of London & elsewhere began. The banks went bust, the system deflated back to equalibrium, inflation & credit disappeared.

    My point is that a great lesson was learned by domestic & maritime commerce, namely that banks of every kind are not citadels of securely parking large caches of cash or financial cash equivalents, as they have & are proven risky entities. This leaves only the sovereign bond markets serving as the premier parking location for excess reserve capital. Globally the U.S. bond market in particular, as the safest haven as its backed by the U.S. military & the political will to use & enforce contracts with violence ANYWHERE around the world. This creates huge domestic & global demand for U.S. sovereign & corporate issued bonds which in today's unstable environment has created a very crowded market. A market that IS NOT easily influenced or steered by the Fed.

    This IMO has not gone unnoticed by the centrist monetary planners, authorities & regulators of the two sided Fed banking system (domestic & global) and its mandates as the U.S. domestic & global defacto reserve facilitator. The institution has attempted to regain control of rates by creating "reserve accounts", reverse repo's" & other protective programs to entice large capital holders to move their financial assets out of the private markets & into the Feds protective custody. They're even paying capital a stipend interest rate to deposit cash & bonds with the Fed. These policies are in essence a scheme to sterilize the sterilization that operates in the bond & equities markets in an attempt to eliminate the high demand, which is the only means to regain the ability to influence bank rates.

    On the political side it appears the markets did not possess much confidence in the unproven socialist POTUS Obama as the U.S. political leader, noting that both AU & AG peaked around the end of his first 4 yr. term 2012, once it was recognized there was no longer a political or financial threat of confiscation by taxation & regulation to fund socialist policies to capital or the financial system, with Obama under control these assets then began losing their luster throughout his second term. With the election of Trump, regarded as a tenured & experienced "strong biz & finance man" and his political appointments of former experienced banksters, financial & military predators, big capital has regained its confidence of protection. Thus with the election of socialist Obama, seed money went into hiding "just in case", but with the election of Trump its now reemerging & demand for unreportable hidden hard monetary assets has been waning & subdued. Thus as we have recently observed, investment holdings of AU & AG are not major hedges against either inflation or deflation, but rather hedges against unknown political risks. As can be seen, perceived political risks will always affect a nations common stock, i.e. the FOREX value of its currency. Thus its logical that participants would exit the currency & acquire hard monetary assets during such a period of perceived risk.

    This stands to reason, as the financial markets provide innumerable means to hedge against financial calamity, however these means are completely reliant upon political stability. Without political stability & confidence financial markets cannot exist and/or operate efficiently.

    Bitcoin on the other hand is the newest method & iteration of unilaterally privately & electronically escaping & transfering, not protecting monetary assets from perceived .gov risks of taxation, regulations and/or confiscations. It serves as a global private market transmitting utility away from the prying eyes of banking, customs, taxing & regulatory authorities. Thus Bitcoin long term does not serve the same function as AG & AU wealth preservation, while temporarily it will and does. The major problem faced with a holder of Bitcoin is the need to freely exchange it from its electronic form into unregulated freely traded hard or electronic FOREX currency or other hard or financial assets. All of which must be accomplished outside of the banking system or be faced with civil forfeiture and/or accused of criminal money laundering or racketeering.

    IMO Trump will be bad for the metals until?, & the Feds now stuck & powerless over the credit expansion it created to reflate the world post 2007/08.

    JMO
     
    solarion likes this.
  29. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    nice writeup,

    to which I will state:

    1.jpg

    2.jpg

    and lastly, for those more forward thinking:

    3.jpg
     
    BarnacleBob likes this.
  30. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    lest we forget, prior batting avg:

    images.jpg

    4.jpg

    5.jpg
     
  31. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    That there Jesus fella has never arrived at any of the numerous parties, bashes & gatherings he's been invited to attend since 325 a.d.... He must either be mesmerized by or frustrated by his 72 virgins... Women I tell ya, they're not allowing the poor fella out of their domain for a short visit not for even an earthly second! Seems there is the need of a Savior for the Savior.
     
  32. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    you and I were talking about bitcoin, and how it has become the 'go to' and has supplanted metals as a choice when trying to go outside normal convention.

    it does stand to reason with all the restrictions placed on movement of fiat and metals between countries. Wherein all the declarations at the border, or searches, or ?

    Point is, anyone can walk across any border with millions in bitcoin stored in their phones. No problem laundering dough, moving dough, etc. Then you have persons like the chins trying to move fiat out of china as fast as they can print it up complements of the us of friggin a in exports.

    Clearly, I neglected the magnitude of this, which has taken bitcoin to + $1500 per unit.

    I still maintain my only real issue with it is how long they let the thing go prior to putting recording requirements, or changing the legality of it, or or or.

    Needless to say, it will be interesting to watch over time.

    Duck about blew an aorta every time this came up on the forum. He really hated the thought of electronic currencies.
     
    solarion likes this.
  33. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    BB,

    One point you have made quite often, is the possible disconnect of the fed vs the market for bonds, along with the fed inability to affect anything at this point. Rather than leading, they are following.

    To which I would partially agree due to lack of information.

    Long ago we all spoke about, and it was a well known fact, of the PTB coming in to save the markets or to effect some change or another.

    One thing we haven't really considered other than in passing is the distinct possibility that the fed is actually deeply involved in the stock market. That they are continuously in both the bond and stock markets.

    That while we continue to look for change or signs of activity in the markets, we are missing their actions in the stock markets.

    That if we were honest about election night, there is no way in hell that Irwin dropping $1B to buy stocks was a 'hunch' or a shrewd investor move.

    Even if he were that smart, $1B is a nothing burger in the stock markets. Kinda like pissing in the Yukon trying to change the direction of the water.

    Point is, I maintain that it was our fed in there saving the stock market from a overall crash that evening. That the reason we never heard who bought all the put options in the stock market prior to 911 was it was our own .gov. Etc. History is littered with examples of someone front running the markets.

    Now you take this activity, and it mitigates the bond activity. Wherein the fed is making bank in both markets at all times.

    So while we may thing the fed is and has been neutered, that maybe the truth is far different. On the surface it seems that way, but maybe there is something else really going on.


    something to chew on.
     
  34. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
  35. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    – Challenger Job Cuts y/y is out at 7:30 AM. This is major.

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

    – Prelim Nonfarm Productivity is out at 8:30 AM. This is major.

    – Prelim Unit Labor Costs is out at 8:30 AM EST. This is major.

    – Trade Balance is out at 8:30 AM EST. This is major.

    – Factory Orders m/m is out at 10 AM EST. This is major.

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

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Power Sharing. The Energy Report 05/03/17
    Wednesday, May 03, 2017

    by Phil Flynn of The PRICE Futures Group


    [​IMG]

    Crude oil prices are conflicted after a potential Libyan deal to share power from rival factions drove prices close to yearly lows against some strong signs that U.S. oil and petroleum supplies may have peaked out.Petro market prices came into session yesterday in a weak technical position as talk of more supply out of Libya and a report that seemed to suggest a drop in OPEC compliance last month drove the bearish market mood. Weak gasoline and distillate demand fears intensified as rainy weather kept drivers home and farmers out of their fields.

    Reuters News reported that while OPEC total production in April fell, the overall compliance rate fell to 90% as Algeria and the UAE raised oil output. The Reuters survey said OPEC April production averaged 31.97 million bpd, about 220,000 bpd above its supply target adjusted to remove Indonesia. Reuters has consistently given the OPEC cartel the weakest grades on compliance but with talk of an increase in Libyan oil output, it added to the downside pressure.

    Yet what really accelerated the downside move was a report that rival factions in Libya agreed to work together to try bringing stability to the country. Bloomberg News reported that Libyan Prime Minister Fayez al-Serra and rival eastern commander Khalifa Haftar agreed to set up a power sharing Presidential Council, Arabia television reported. The parties pledged to dismantle armed militias and work together to fight ISIS terror groups and to hold elections in 6 months. The markets seemed to welcome the deal raising hopes that recent increases in Libyan oil production and imports can be maintained and possibly expanded. Of course power sharing agreements are easier made than carried out so based on past performance and the instability in the region, the deal should be viewed with a bit of skepticism and caution.

    But crude oil may mount a comeback as it bounced off some key support and received some bullish data from the American Petroleum Institute (API). The API reported a 4.2 million barrel drop in U.S. crude oil supply. The number came in at our target but was a much bigger drop than the street was looking for. It may signal a top in U.S. oil supply that should start feeling the drop in falling global oil output and rising demand.

    The oil products also fell catching the trade by surprise. The API data showed a drop of 1.9 million barrels in gasoline supplies while inventories of distillates were down 436,000 barrels. That offset concerns of weak product demand. If confirmed by the Energy Information Administration at 9.30 am central time today, it will make a strong case for potential market bottom across the entire petroleum sector.

    The natural gas market was weak due to shoulder season and temperature forecasts offsetting strong current demand. Andrew Weissman ECB Analytics showed a 50 Bcf increase in near term weather driven demand this week. Looking forward, the fundamental outlook suggests the front month contract may be poised for significant gains in the 30-45-day period. Weissman says that, “the natural gas inventory surplus vs. the five-year average is likely to decline steadily in the weeks ahead and traders could increasingly focus on weather vendors calling for moderately above normal summer heat. Further, potential draw-downs in salt storage facilities this summer may slim national injections, adding to upside price risk. EIA’s February production figures suggest higher than consensus natural gas supply growth due to a surge in associated gas production. Prices could reach the mid-$3.60s/MMBtu this summer in our most-likely scenario—12% above the current NYMEX strip. Above-normal cooling demand could push summer electricity prices higher.”

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

    http://insidefutures.com/article/1948390/Power Sharing. The Energy Report 05/03/17.html
     
  37. BarnacleBob

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

    Joined:
    Oct 15, 2012
    Messages:
    8,578
    Likes Received:
    9,696
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
  38. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    fair question is, how do they allow this to happen (ie the house and senate) ?

    with all those loose lips, there is no way they would be allowed that type of intel. Controlling a few fed people is a whole lot different than politicians.

    regardless, that is one of the reasons there will never be a real effort to 'audit the fed'.

    as long as the politicians get their grease money and slush funds, they won't be asking where it came from.
     
  39. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
  40. Scorpio

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

    Joined:
    Mar 25, 2010
    Messages:
    23,665
    Likes Received:
    25,078
    Trophy Points:
    113
    Possible Challenges To Traders Today
    – Average Hourly Earnings is out at 8:30 AM. This is major.

    – Non-Farm Employment Change is out at 8:30 AM. This is major.

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

    –FOMC Member Fischer Speaks at 11:30 AM. This is major.

    –Fed Chair Yellen Speaks at 1:30 PM EST. This is major.

    – FOMC Member Evans Speaks at 1:30 PM EST. This is major.

    –Consumer Credit m/m is out at 3 PM EST. This is major.
     

Share This Page