This is where Socialism will soon lead us if left unchecked.
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Crude Oil's $2 price decline today in spite of a 9.5mm draw in total commercial inventories does not engender confidence in the rally.
Nat Gas had a draw that was less than expected... considering the rally, I took some off the table. If it continues up, I will put it right back on the table.
The Mad Scientist beat me up about Oil given the issues in China... at first I was dismissive... but when you consider the Chinese are tightening up and their equity market (as of yesterday) was down 9 of the last 10 days... then today's decline... gotta keep your eye on the ball. The opportunity WILL come for a big move in crude.
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Tomorrow is the "The Print". Prices at tomorrow's close will be used to calculate the performance allocation of nearly all hedge funds. If Silver continues its march, then I am tin-foil-hat loonie... my bet is that once the print-day is past, the desire to support the price will evaporate... maybe not on January 3, but soon enough. Not feeling the Love for Gold, either.
Time will tell.
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Crude Oil's $2 price decline today in spite of a 9.5mm draw in total commercial inventories does not engender confidence in the rally.
Nat Gas had a draw that was less than expected... considering the rally, I took some off the table. If it continues up, I will put it right back on the table.
The Mad Scientist beat me up about Oil given the issues in China... at first I was dismissive... but when you consider the Chinese are tightening up and their equity market (as of yesterday) was down 9 of the last 10 days... then today's decline... gotta keep your eye on the ball. The opportunity WILL come for a big move in crude.
------------------------------------
Tomorrow is the "The Print". Prices at tomorrow's close will be used to calculate the performance allocation of nearly all hedge funds. If Silver continues its march, then I am tin-foil-hat loonie... my bet is that once the print-day is past, the desire to support the price will evaporate... maybe not on January 3, but soon enough. Not feeling the Love for Gold, either.
Time will tell.
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Physicians be warned. Remember "Jeffers' Media Theory"... no article makes its way on to the big News sites randomly. Every single article is planted by a very interested party. Several of these have been making the rounds... Healthcare practitioners have been over treating people for a long time... They are about to undergo a radical colonoscopy...