I've had an assortment in my basket at apmex over the past 5 days waiting for a decent drop...and everything keeps selling out when I refresh.
good business to be in right now. brokering gold. 6%ish premiums on the bid and sell right now.....
had some rounds at $1803 a couple days ago...then got caught up with work.
good business to be in right now. brokering gold. 6%ish premiums on the bid and sell right now.....
had some rounds at $1803 a couple days ago...then got caught up with work.
been looking for an entry into gold,TF, i'm picky in entry positions....is what it is, stick to what works for me.
VIX reclamied her 8 ema today, a yellow flag for the bulls. But no real damage done on the spy chart today . Crazy as this may sound , technical tools show it has fuel to break 2882.
bull scenario: break of recent high , 2882 ES and run to 2981ish
bearish scenario: lose 2785...lose 2714...a test of 2643 (an 8% pullback from this upleg's high )
8 ema-2785 , HAS NOT LOST IT FOR 10 days,the ES just dropped below about 1/2 hr ago but quickly reclaimed. A close below on a bearish candlestick is not good for the bulls, that's for damn sure.
may want to be range bound for awhile : 2882- 2743
some big names reporting tomorrow, including ON FIRE Netflex
https://markets.businessinsider.com/earnings-calendar
am I seeing straight? is that green beside WTI? :missingte
VIX reclamied her 8 ema today, a yellow flag for the bulls. But no real damage done on the spy chart today . Crazy as this may sound , technical tools show it has fuel to break 2882.
bull scenario: break of recent high , 2882 ES and run to 2981ish
bearish scenario: lose 2785...lose 2714...a test of 2643 (an 8% pullback from this upleg's high )
8 ema-2785 , HAS NOT LOST IT FOR 10 days,the ES just dropped below about 1/2 hr ago but quickly reclaimed. A close below on a bearish candlestick is not good for the bulls, that's for damn sure.
may want to be range bound for awhile : 2882- 2743
some big names reporting tomorrow, including ON FIRE Netflex
https://markets.businessinsider.com/earnings-calendar
am I seeing straight? is that green beside WTI? :missingte
interesting take re CL:
Speculators got killed because they had to pay $37 per contract to have someone take oil that was set to be delivered in May because the speculator had no place to store it.
Here is the question that no one seems to be asking. Who were the buyers who were willing to take possession of the oil? Maybe some commercial firms that have storage space or a tanker owner who can store the oil at sea and use the $37 to offset the cost.
But my guess is that today’s buyers will never take possession of the oil. You see the buyers were short sellers who shorted oil back in Feb to commercial interests who are capable of refining the oil.
Here is what really happened today. You have heard of a short squeeze. Today you just saw the opposite–a bull squeeze engineered by the shorts who kept selling until the longs had no choice but to sell to the shorts who offset their position and are celebrating tonight.
Speculators got killed because they had to pay $37 per contract to have someone take oil that was set to be delivered in May because the speculator had no place to store it.
Here is the question that no one seems to be asking. Who were the buyers who were willing to take possession of the oil? Maybe some commercial firms that have storage space or a tanker owner who can store the oil at sea and use the $37 to offset the cost.
But my guess is that today’s buyers will never take possession of the oil. You see the buyers were short sellers who shorted oil back in Feb to commercial interests who are capable of refining the oil.
Here is what really happened today. You have heard of a short squeeze. Today you just saw the opposite–a bull squeeze engineered by the shorts who kept selling until the longs had no choice but to sell to the shorts who offset their position and are celebrating tonight.
The driving season is over before it started.
Air travel is a non-existent.
3/4 of the word population is in a lock-down, this could last until the vaccine is avail which is AT LEAST 12 mo away. If history is a guidance, the second wave attack is more dangerous than the first.
R.I.P OIL
Air travel is a non-existent.
3/4 of the word population is in a lock-down, this could last until the vaccine is avail which is AT LEAST 12 mo away. If history is a guidance, the second wave attack is more dangerous than the first.
R.I.P OIL
tested a second time and held (happens to be the 50 sma on the spy)... two tests now. Its filled a gap and bounced off the 50 sma for the spy -- the 50 sma is clrearly a support intrday , a loss and its a short intra-day for sure
battle going on!!!!!!!...keep tanking gld , please ...@)
hey hey hey bite your tongue on gold tanking
