Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of “Fuel Supply Event”
“A small disruption now has outsized price consequences.”
goldielocks
That’s right!
Ipso
PS That was no mystery about the earnings. I’m surprised it takes some MSM to announce it.
Ipso
That’s what’s leading the SM.
Buygold and Maddog
Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
https://www.zerohedge.com/markets/nasdaq-tumbles-after-ft-reports-openai-revenues-disappointing
That’ll throw a wrench into the works! How much stock market value is connected to AI? A bunch!
Yeah Ipso
Really is hard to hold the gains. The dollar won’t die, although rates have reversed fairly hard – now 5.23%
Oil won’t die either. The algo’s seem glued to the dollar with the metals today. Tomorrow it’ll be rates.
Tech is taking a hit and somehow that weighs on silver? I dunno.
Kind of makes sense that we can’t get traction, the correlations change daily and there’s no clue as to what will sustain a rally. I’m sure that’s how the scum likes it. Confuse em’ to keep em’ out. I’m confused at least. 🙂
Anybody wonder what the miners are thinking?
All aside from what the investors are doing and aware what’s going on with the charts and can take it or leave it depending if they’re earning money off their investment or can earn more somewhere else although seems more fun when it gets closer to if its buying time or not, probably more fun than when it actually moves because your now in and have to watch it closer than any other sector.
There’s another factor that investors don’t seem to be looking at and that’s the producers. The miners themselves. I wonder what they’re thinking with this price drop.
Whether it is growing a crop of tomatoes or the work and risk of pulling metals from under the ground while abiding to environmental safeguards.
Wouldn’t you think it’s rather strange if there was a shortage of tomatoes vs demand and the demand was growing all the time but the institutions that bought vast quantities that needed it to make their dishes theyre profiting on want to pay you less and less for your limited supply of tomatoes and all your hard work while they’re making more and more when you could basically name your own price.
Even more so with metals since you can’t just grow more after that crop is sold.
Why arent the miners getting together on this and put their own bottom price in instead of letting the market or industrial buyers determine it?
Something’s just not right here.
Oil goes up not just by dollar value but by availability of the product but the price of metals can just drop and drop despite increasing demand and not just for the billion sellers.
I guess this brought oil down
Trump Declares He Won’t Attack Iran Before Midterm Elections, Oil Plunges
Maddog @ 11:09
If we could just stop the drones from hitting ships that would be a coup, but that’s a hard task. I hear that the captain and crews of those ships running the blockade are making big money … as they should!
Cheers
PS In reference to the Iranians hitting ships far from the scene of the conflict, I think that makes any Iranian ships on the high seas fair game.
Buygold
It’s tough lately to hold any kind of gain, that insidious drift lower is a real pisser. I’ll be happy to see any kind of green at the end of the day.
Crossed fingers the Ape has it right! 🙂
Buygold some news just hit …Earle just cratered
so bullish PM’s ..go figure then the sellers just sold more……someone is either dumping huge, or building a monster short and the way they keep selling, suggest very strongly they want it down…a serious dumper would not sell so aggressively, they’d let the mkt come to them, as there are obvious buyers around……also the most obvious dumper would be Russia and Vlad has all Xi’s numbers.
Tough to hold an entire day
10 yr. back above 5.3%. Dollar creeping back to flat.
maddog – oil definitely not easing up 5%, but you’re right, the SM acts like it’s no sweat. The selloffs are miniscule percentage wise.
ipsofacto
Re zero and the IRGC expanding……Oil just ticked to new Hi’s and the PM’s got hit back ….We are in a strange world Tousi says as soon as the IRGC lifts it’s head around Hormuz the US flattens it…..basically nothing moves or happens without the US military knowledge…when you consider their toys and how they took the IRGC out, that makes perfect sense.
We are being played big time…..but the mkts seem to love it.
10 yr. back below 5.3%
if it closes below, I think it will be the 3rd or 4th day in a row that the 5.3% area has been rejected.
Is Bessent in there defending, or is the bond rally getting tired?
Dollar slipping as well. We could sure use a break from the relentless rise in both.
Ipso – chalk one up for the Ape
if we can manage to hold up and extend a move up from here, it will be a pretty timely call.
I like his Santa Cruz play as well, it’s held up better than most.
First things first I guess, sustaining a rally for an entire day. ZH reports China bought 23 tons of gold in September, I think South Korea bought some too. Hard to see a massive decline with such demand, but paper boys will be paper boys I suppose.
Vote in the Poll Vote in the Poll
Vote! Vote!
Badly needs a spanking
Iran Expands Tanker Assaults Beyond Narrow Confines Of Hormuz In Rare Escalation
Iran has significantly widened its maritime operations by shifting attacks beyond the narrow confines of the Strait of Hormuz into the broader waters of the Persian Gulf and the Gulf of Oman. Over a recent 24-hour window, the Islamic Revolutionary Guard Corps (IRGC) may have struck two commercial ships outside traditional chokepoints, including a vessel off Qatar, as well as a Very Large Crude Carrier near the United Arab Emirates. The latter instance has less confirmation at this point.
This escalation indicates a tactical shift, given the IRGC is no longer waiting for vessels to explicitly violate its designated maritime enforcement corridors. Instead, any ship suspected of trying to bypass Iranian blockades now faces active targeting across the entire regional waterway. This at least is what Tehran is likely seeking to demonstrate to Washington and its Gulf allies, and comes after record numbers of vessels have been making it through so far this month under US naval watch and protocol.
ferret
I never said “everything was divine” I pointed out to you that the prince of this world was a direct creation of God, which makes him a son of God or a divine being. Adam was a direct creation of God. We are not, therefore we are “sons of man” or better said “sons of Adam.” We created pornography, etc. out of our sin.
As for Satan:
Job 2:1-10
Isaiah 14:12-21
Luke 10:18 (Jesus speaking)
Read the Book of Enoch if you want the full story of the fallen angels. Do you understand why there was a flood? Gen. 6:1-4 Do you understand why God will destroy this present world?
Get back into the word brother. You play a dangerous game when you make incorrect statements in front of others who are not believers.
“Thou shalt not take the Lord’s name in vain” is less about swearing and more about being an ambassador of His word. You represent Him.
The Ape Checks in
TheApeOfGoldStreet
@TheApeOfGoldST
·
39m
#Silver
We don’t have to complicate it. We are looking for a bottom, and we are close.
Whatever happens short term, I believe any entries made here will age well. The lower you get from here, the more upside you get on the bounceback. That bounce will take us worst case to around $65+, best case $75+. It depends where we bottom.
I prefer to avoid “re-testing” $55, because if we do, I’m pretty sure we will break down and get a brutal flush to kill sentiment totally…
Bulls window of stepping in and print a higher low is getting tigher and tighter here. Doesnt look good for sure.
With that said, the winning entry window has started. Now its just a game of how close to the absolut bottom you get. As the closer you are, the more upside you get.
Im heavily invested from here. As I dont wanna gamble to much with the perfection entry right now. I do have around 10% in cash which I plan to keep for a “worst case scenario” flush under $55. Those will go to go extreme overweight in $SCZ.v – Santacruz Silver in that case. Aiming for the 20% size area.
From here on, the game left for me will be rotation between positions depending on opportunities offered.
If I see stocks like Southern Silver, Silver X, GR Silver, HYMC (high leverage performers) sell off to much meanwhile some other of my holdings hold up better, the game will simply be to rotate capital from one stock to another. As the bounceback will offer most upside in them intermediately.
Hang in there, this is the position window for “easy upside”. When people are depressed and wants to sell it all, and talk about $40 silver, then its time to get agressive. Human nature!
A classic Soros move
Put a position on that is fundamentally right , then cause the events that will drive that position into profit and if your very lucky, those same events roll over into another event that you have traded for and want.
Short Oats (French bonds) get Melenchon to put his Mob on the streets, complaining about their schools….(why did they all get so pissed off now, nothing much new has happened )…and then Macron holds the police back, so the riots get worse…….get the MSM to rev up fears about a debt crisis…..and then those fears roll over into the US to help the Dems in the Mid Terms.
He’s a muslim
of course. ha lalalala! You know 911. You positively don’t see Christian boarding random airlines and trying to crash them and praising Lord Jesus