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This morning showed signs of going down. I thought we were fixing to be doing our touch down dance soon.
Just cruised into Aruba and they are just starting to drill three wells off shore in view of the port. Having their own oil and gas wells seems to be a big deal here.
Bought a few dust for grins @ 4.20
Probably not today, but next week is a real possibility. ERY is my play and looking good this morning.
agree, trade it, don't own it
He is going to try some scare tactic to try to keep fracers from gaining market share. When he is done the boys from West Texas will stand up and give him the finger. Any jump will be met with renewed drilling in the U.S.
It's my understanding there is a lot of oil being stored on tankers in the Gulf of Mexico. I do not believe this oil shows up on the weekly storage reports from the Govt. It is my opinion that this oil will come to port at these prices levels causing a significant build in oil storage if it does.
What will the full tankers sitting in the Gulf do with oil at these levels?
I'm calling for oil to be back to 25-27 range in the near future. Trade UWTI don't own it.
LOL, those boys in West Texas will be dancing in the streets if that happens. No way any of this means anything.
Guilty of both in JDST, LOL
could be
Well put Wildcat! I have seen a copy of papers filed by one Gusher member.
Rumor has it he is trying the construction game again. There has to be a new number floating around.
Holding tight.
Yep, I suck
Nice call, see you @ 4 pm
50 is as tough as 1200
SMH, LOL
Doubt it but I have been surprised by the strength of 1200
Somebody brings a couple of tankers in out of the Gulf because of the upward price movement and next week we have a huge build. Trade don't own this rally.
I bought ERY twice today. Storage reports will tell the story, not press releases.
I agree. Miners and oil have both thrown me a curve to today. Bought ERY twice today and still dropping.
Agreed, used it to add some ERY. Expecting huge correction when the hype over these OPEC meetings dies. Trade don't own.
Neither, just play the swings. It did pop higher than I expected. Sold NUGT way to early. Sat on the side line waiting for JDST to break down.
Been in JDST and NUGT primarily. Have had a good year so far.
Too old to work and don't need to work, but thanks
Thanks for the tip. I was already in JDST so I just doubled down. Good day to flip house money.
I know that buddy. GDX is effected by the price of gold and the U.S. Dollar. 1180 and NUGT in the thirties is coming. Looks like the circus is back in town.
Busted thru 1200
You can probably get back in NUGT real cheap soon.
I bought JDST 3 times last week and held them for the obvious.
Look what gold did today. Pre-market tomorrow could be a blood bath.
You have to ask why would they cut production to boost the price? Iran and US proof it from it.
SMH, oops
NUGT headed back to the lower 30s