The Powers That Be (TPTB) have a Plunge Protection Team (PPT) for both the stock market and crude oil. They came out with the oil PPT in 2015 when crude went down below $30. They had to get crude back up to $50 or higher to protect the oil sector Stocks, especially the Bigs; Exxon, Chevron and Conoco who have been bleeding copious cash even before the oil price plunge. Thanks Greg for the heads up - Yes indeed an "Event" is coming soon.
A lot of manipulation is going on behind the scenes by interested parties - not a level playing field as you well know - a day of reckoning draws closer. British election tomorrow - wonder if this will move markets. Thanks for the post @marketreport - following you now. Keep up the good work...
Good advice and great video. I work in the oil and gas fields in Alberta Canada and all the talk is oil is going to go up in price and it's going to be the good old days again. Every oil company here seems to be starting new projects and ramping up so I am thinking oil is going to go up big time. DR
Everything is manipulated. I'm still waiting for silver to take off. Looks like it may have some good upside from here. Do you think they will ever end the manipulation?
Thank you Brother Greg for the keen insight into crude price fluctuations and how this affects world economic shifts @marketreport www.traderschoice.net
Bought QM contracts near the lows for at least an end of day short cover into the close...might have to hold them longer to see how this plays out longer term.
Hi Greg, as of about a minute ago ,CNBC and a few other news outlets are saying its due to crude oil inventories. Not convinced myself, i think its probably more to do with Saudi/Qatar/ middle east tensions. But who knows...
Like you say , something will happen to bring it all back up.Hopefuly not for about 10 hours until i can get back into the oil etf i exited 2 weeks ago.
Great work Greg, keep up the good work.Upvoted and resteemed.
Let's not forget Alberta's wildfire that occured 1 year ago, destroying 2400 homes and burning through 590,000 hectares of wood. That kind of engineered event to allow crude oil to rally.
Thanks for your insight Greg! Do you see the market going higher with the crude oil when crude bounces back up?... This market makes no sense. Considering how much crude pulled back today, it didn't seem to effect this market that much.
HaHa! Yes, remember the Saudi's were doing their "Traditional War Dance" with Trump during his visit to Saudi Arabia. Was that a rubber sword? LOL! The Qatar war deal was sealed then. Purely a manufactured crisis. Make no mistake, this is going HOT!
Well this will be one to watch and quite frankly if correct one for the record books. I just looked at the daily and weekly chart for USO and it is ugly. Nothing on the charts says buy. However, unless oil goes up we will see mass defaults in US shale fields which translates to banks getting hammered. Banks are not permitted to loss money. Any bets on what the event will be? My 2 cents is Iran and Saudi implode on each other.
"Unexpectedly" there will be a larger than expected draw down, and push the prices up. Then a few days later a "glut" from U.S. production...it's almost predictable.
It might be something to do with Clifs data about North Korea and China ! Then crypto currnecies going balistic up again! it might happen this friday 2017.06.09 as Clifs data suggests
Hey Greg, great post as usual. Can I ask you and your followers/commenters a quick question- what are your top 10 cryptos to invest in long term? I'm particularly interested in investing in penny cryptos! Much love. Adam.
I'm with you on the penny ones...but there's few of interest anymore...I think Ripple may have a gasp or two left but I doubt it. Remember you can get multiples of "satoshis" in BTC to begin. You can do this with many cryptos. Not like buying a share of stock at a set price; ie GBTC $528 or Apple @ $155.37 a share.
Ve
BCN
Pivx
XMR
of course LTC BTC ETH
The tides may be turning for silver, finally:
http://www.silverdoctors.com/silver/silver-news/ted-butler-is-shocked/
for the first time in history, the Commodity Futures Trading Commission has brought charges against someone for manipulating the gold and silver
The Powers That Be (TPTB) have a Plunge Protection Team (PPT) for both the stock market and crude oil. They came out with the oil PPT in 2015 when crude went down below $30. They had to get crude back up to $50 or higher to protect the oil sector Stocks, especially the Bigs; Exxon, Chevron and Conoco who have been bleeding copious cash even before the oil price plunge. Thanks Greg for the heads up - Yes indeed an "Event" is coming soon.
And then we got the Exxon CEO in the white house so yes I would think Greg is onto it here.
I love the acronyms! TPTB! The PPT!
Hopefully, the CFTC will go after the big boys next...aka, JP Morgan and the banksters.
they never try to land big fish
A lot of manipulation is going on behind the scenes by interested parties - not a level playing field as you well know - a day of reckoning draws closer. British election tomorrow - wonder if this will move markets. Thanks for the post @marketreport - following you now. Keep up the good work...
Good advice and great video. I work in the oil and gas fields in Alberta Canada and all the talk is oil is going to go up in price and it's going to be the good old days again. Every oil company here seems to be starting new projects and ramping up so I am thinking oil is going to go up big time. DR
Greg you are awesome!!!!! I appreciate you keeping us informed. Wonder if this is a buying opportunity for Crude oil stock. Thanks!!
Agree. This things with oil happens over and over. It is all about PETRODOLLAR.
thanks for the daily update !
Holy cow, I just looked at the oil chart for today... Thanks Gregs, looks like a springing board situation.
Once again great insite to the market and the complex dinamics. Thank you for always looking out for us..
there's nothing like a hot war to get oil pumping (and silver for that matter) :)... but my :) might go to :(
Yep.
Well, lets hope that it jumps higher in a way that doesn't cost lives....
Indeed we have something very major unfolding before our eyes! Such movement in oil is very reminiscent in every economic collapse.
Everything is manipulated. I'm still waiting for silver to take off. Looks like it may have some good upside from here. Do you think they will ever end the manipulation?
Greg: Your 1000% correct. They have to keep that price up. Keep up the great work!
Great video Greg, I plan on buying some oil stocks tomorrow or Friday
Thank you Brother Greg for the keen insight into crude price fluctuations and how this affects world economic shifts @marketreport www.traderschoice.net
Thank you so much Greg for keeping all of us informed. Trading the fantasy land waiting for that engineered event. Seya tomorrow!
Yup, we won't have to wait too long for an "event" to push the prices back up...so predictable!
Bought QM contracts near the lows for at least an end of day short cover into the close...might have to hold them longer to see how this plays out longer term.
Hi Greg, as of about a minute ago ,CNBC and a few other news outlets are saying its due to crude oil inventories. Not convinced myself, i think its probably more to do with Saudi/Qatar/ middle east tensions. But who knows...
Like you say , something will happen to bring it all back up.Hopefuly not for about 10 hours until i can get back into the oil etf i exited 2 weeks ago.
Great work Greg, keep up the good work.Upvoted and resteemed.
I freaking love this guy! Greg is da man!
Our lion leader! Thanks for the update! ROAR
#tradethefantasyland Hah!
Thanks Greg!!!
I'll keep my eye on things for sure!!!!
Qatar already going on so !
Thanks for update. Following and watching closely.
Yes, an engineered event. They do it all the time. Ok, let's trade the fantasy land.
bring it on!
Let's not forget Alberta's wildfire that occured 1 year ago, destroying 2400 homes and burning through 590,000 hectares of wood. That kind of engineered event to allow crude oil to rally.
Hi Greg! Qatar is now on high military alert http://www.zerohedge.com/news/2017-06-07/qatar-puts-armed-forces-highest-state-alert-over-fears-imminent-military-incursion You are right as usual ;)
Thank You Greg!
Just got out of my USO puts with big gains. Now lets rip the face off USO again with some calls!!
Thanks for your insight Greg! Do you see the market going higher with the crude oil when crude bounces back up?... This market makes no sense. Considering how much crude pulled back today, it didn't seem to effect this market that much.
HaHa! Yes, remember the Saudi's were doing their "Traditional War Dance" with Trump during his visit to Saudi Arabia. Was that a rubber sword? LOL! The Qatar war deal was sealed then. Purely a manufactured crisis. Make no mistake, this is going HOT!
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so then, Greg, if I was looking to play a crude rebound of $3 - 4 / brrl what would be your suggested strategy?
Thank you for all the advice. Maybe you can help us with some extra tips.. like how you use your USD and what platform you use to buy/sell
Well this will be one to watch and quite frankly if correct one for the record books. I just looked at the daily and weekly chart for USO and it is ugly. Nothing on the charts says buy. However, unless oil goes up we will see mass defaults in US shale fields which translates to banks getting hammered. Banks are not permitted to loss money. Any bets on what the event will be? My 2 cents is Iran and Saudi implode on each other.
I totally agree Greg
Will follow geopolitical events closely. Thanks for the update
"Unexpectedly" there will be a larger than expected draw down, and push the prices up. Then a few days later a "glut" from U.S. production...it's almost predictable.
Good info Greg, thanks! jbcoin
Getting out the popcorn!
Agreed! Will be looking out for the shift!
It might be something to do with Clifs data about North Korea and China ! Then crypto currnecies going balistic up again! it might happen this friday 2017.06.09 as Clifs data suggests
It's interesting when you find the 'nexus' points in data from divers sources.
been following your you tube blog. Now finally made it to steemit.
Keep teaching. I'm learning!
Oil fell 3% today. Could fall even more until it gets up again. Also the the problems around Quatar can have some impact.
Qatar is the engineered event I think, when I saw what the Saudi's did to them , I was thinking what is happening next. Well called Greg.
Interesting times indeed. Cryptos exploding...wars...terror....the old system is breaking down....
Thanks for the update and all the great trades.
Oil Calls are going to make a killing.
Hey Greg, great post as usual. Can I ask you and your followers/commenters a quick question- what are your top 10 cryptos to invest in long term? I'm particularly interested in investing in penny cryptos! Much love. Adam.
I'm with you on the penny ones...but there's few of interest anymore...I think Ripple may have a gasp or two left but I doubt it. Remember you can get multiples of "satoshis" in BTC to begin. You can do this with many cryptos. Not like buying a share of stock at a set price; ie GBTC $528 or Apple @ $155.37 a share.
Ve
BCN
Pivx
XMR
of course LTC BTC ETH
Wow cool thank you for sharing your knowledge on the topic. Much appreciated!
Pivx for sure, and Bts is a no brainer, it's still below 20 cents.