is... watching & waiting
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Snagged some 114's in case we trade on fundamentals, otherwise holding through the OPEC circle jerk
Russian oil production is set for a decline sequentially from Q1 due to lack of investment and accelerating field decline rates, meaning that in their view, any cuts would have to come from the Saudi's, and based on comments this morning this seems like a very remote possibility
7% drop in profit y/y you'd think it's signs of what's to come
Added ahead of JPM earnings ... Crude data this afternoon should be fun
Good luck today fellas
Right as euphoria seemed an ample strategy... fundamentals matter
113's AH look too cheap to be true
Thank god they're freezing production
USD willing
Earth to natural gas... come in natural gas
Eco Calendar forecasts Crude Oil Stock +1.0M / Gasoline -1.9M
Not again...
According to Interfax, Saudi Arabia and Russia have reached a consensus on an oil production freeze, regardless of whether Iran is part of the deal.
Peculiar 5 min candle that
2043 breakeven for the year big test here, oil assisting the push lower as the almight USD shows resilience
The SEC form S-1 is the initial registration form for new securities required by the Securities and Exchange Commission (SEC) for public companies. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange.
New ticker/shell coming
USD finding a bid off export numbers - devilish 5 min candles here for Oil/Gold
Banging on $40.90 resistance, $41.25 above that ... had hopes for sub 120 yesterday but didn't get it, a little nervous about API/EIA but USD finding a bid - about time to ride the D into Doha
Sold another 1/3 $21.4 - holding the rest overnight
Good luck fellas
$21's printing ... somebody poke the bear?
A little resistance here at $22.73, the only hope of stopping $23's, $23.3's upside risk diminishing but USD providing a crutch to gold's range stair stepping into 1243-1260, sitting on my hands - no sense being a hero
Tip the hat to Nug holders
NLOD print - SPY clinging to 204, oil steady above $40, USD needs a hug, 2050 may hang overhead into close, 2047 support pinching
Battle for 2050 into close
Buyers Betting Big on Gold Miners; Bullish Option Activity Soars
http://www.goldsqueeze.com/home/buyers-betting-big-on-gold-miners-bullish-option-activity-soars
Nice entry - $40 putting up a fight
Sold 1/3 $20.64 ... market falling on its a$$
Cautiously watching - gold's having an f'n day
Rounding that S&P 15 min top with precision, 2073 Monday, 2067 Thurs, 2062 if today holds ... need oil to fail up here above $40, snagged some $19.85 UVXY on the dip this am
GLTA
Nibbled $19.85
GDX to $23 - staying out of Gold's way this morning, Oil approaching overbought as USD gets hammered
As supplies have continued to build, winter has turned to spring and the season of withdrawals from inventory has changed to the season of injections, the shorts are back in town. Open interest stood at 1,113,540 contracts as of last Friday. This is the highest level since April 2014 when the price of natural gas was north of $4.50, more than double the current price.
...
Right now, open interest is telling us that the market is overpopulated with overstimulated shorts. We saw what natural gas can do over a three-week period in late December and early January when it rallied by 48% to sting the shorts. A move like that right now is certainly not out of the question. This is one aspect that is attracting some fearless longs to the natural gas market to take on the shorts.
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The shorts have one more thing going for them. The longer it takes for it to break down and the longer it sits in the current price range, the better. The May-June spread was trading at around 8.8 cents on Friday. This means if the shorts need to roll their positions, they will buy back their May shorts and sell June futures at a higher price. The pickup of 8.8 cents amounts to a 4.4% bonus at current levels.
http://seekingalpha.com/article/3964268-natural-gas-technicals-fundamentals-war
GDX 52 week high PM, Gold setup for another run at 1270, could be the last gasp before a pullback to 1180/1200, but USD continues its slide
Falling knife mode
Go ahead report the annuals... then you're fired (trump voice)
Looks like 10,000,000 were "retired" today
RIP 250 mill float
Overdue Tax, Penalty and Interest - $185,528.76 - Tax Year 2015 - Past Due
https://icis.corp.delaware.gov/Ecorp/FranchiseTax/Dashboard.aspx
In what time frame...
USD strengthening into Fed Monday and $40 overhead
GLTY
Out for a small loss - been on the wrong side of Gold/USD this week
Enjoy the weekend fellas
An emergency meeting for a normal rate hike wouldn't make much sense either.... futures confident its another 'whatever it takes' stimulus package ... It's not on the economic calendars yet the aglos haven't factored it in
USD sinking
This looks tasty