Long Gold via UGLD
Looking for a 40-60 upside swing here
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Long Gold via UGLD
Looking for a 40-60 upside swing here
peak fintwit:
a stock is positioned to rise if we keep getting indicators that the markets are going to open up?
and you interpreted a micro pattern to match a prefabricated macro thesis?
wow great catch, please let me pay to ghost your zoom channel every day at 6:00am.
TEENAGE OIL DOWN >15% SICK BLOODBATH LIMIT DOWN
Quote:
Originally Posted by Krypt
Real afQuote:
The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter.
more to follow
Quote:
Originally Posted by Krypt
A Country fried steak with mashed potatoes and corn from Denny’s down the street is $14.99
A barrel (42 gallons) of crude oil Pumped out of the desert of Saudi Arabia & put on a boat and shipped to the USA and delivered to a holding facility by skilled labor with osha approved equipment and insured up the Wazzu for accidents to people and the environment...... traded for $14.47
dennys sounds good right about now
so wynns gonna gap up next month when the strip re-opens, and then its going to sink like a fucking stone when absofuckinglutely no one shows up to spend a penny.
What % you think dont show cause they broke vs the ones that dont show cause they are scared?Quote:
Originally Posted by sonatine
Quote:
Originally Posted by OSAWhat % you think dont show cause they broke vs the ones that dont show cause they are scared?Quote:
Originally Posted by sonatine
like i cant say for sure but when i try to imagine someone who doesnt fall into one of those categories, i cant.
also someone downgraded their stock to the $85 range this morning so maybe forget entirely about the gap up.
Stonks go up.
$5 oil? Holy shit.
In 20 years is this gonna be like when our parents told us about Microsoft being a nickel a share?
For a contract that expires tomorrow....but for sure some people lost their ass today.Quote:
Originally Posted by SPIT this
$1
A barrel of oil is the same price as a mcburger
What is the best long-term oil play? Like if I just want to hold oil for a few years? I don't want to own any refineries that might go bankrupt, I just want the physical oil.
Holy shit
Yeah.Quote:
Originally Posted by SPIT this
NRGU was ~ $50 and is now ~$2.5. Why wouldn't you just hold onto it for a few years and get 25X your money when it eventually goes back? What am I missing?
Quote:
Originally Posted by verminaardYeah.Quote:
Originally Posted by SPIT this
NRGU was ~ $50 and is now ~$2.5. Why wouldn't you just hold onto it for a few years and get 25X your money when it eventually goes back? What am I missing?
Becuase this is a leveraged paper based index. Everyday this isn't going up its going to zero..... could take a while.
Even if it takes a few years, where else are you going to possibly make 25X in that timeframe without having to take bigger risks?Quote:
Originally Posted by DalyQuote:
Originally Posted by verminaard
Becuase this is a leveraged paper based index. Everyday this isn't going up its going to zero..... could take a while.
You can't have it both ways motherfucker.
Let's give Donald Trump credit, he single handedly bankrupted the world's oil industry.
Congratulations!!!
https://pbs.twimg.com/media/DbOwQmxX0AAnGsp.jpg
https://dlp31coh2a67q.cloudfront.net...VkaXRzIjp7fX0=
Quote:
Originally Posted by TheXFactor
Your ass is showing. Trump has nothing to do with this.
Trump has everything to do with this.
He was supposed to be the savior of the oil industry.
But of course the oil market was not impressed.
And there is a winner...the environment because the world's oil consumption is way down.
This will probably last only a few more weeks though.
https://www.youtube.com/watch?v=1m2o7biBk9U
Quote:
Originally Posted by DalyQuote:
Originally Posted by TheXFactor
Your ass is showing. Trump has nothing to do with this.
this isnt exactly true.
play stupid games, win stupid prizes. teaching trump a lesson is very much part of the broader agenda right now.Quote:
Rosneft CEO Igor Sechin said recently that oil prices would climb back up to around $60 a barrel once American shale companies were forced out of the market.
NOW -37 WTI a barrel.Quote:
Originally Posted by Daly
Yes MINUS $37 per barrel
as in I give you the barrel
and $37 for taking it off my hands
I know, it's for the upcoming futures only, but still:
:wtf2
Today's drop on WTI is likely just a one day thing tied to the end of one month's contract vs the start of next months. Should go back to around $20 tomorrow I think. $20 is still not feasible for North American companies to survive, just a matter of how long each company can go for. WCS needs to be at $45 or more for local companies to be profitable
Too many oil companies, they deserve to go bankrupt.
The U.S. should have switched to new alternative energy sources years ago.
Time to buy a Tesla.
https://www.youtube.com/watch?v=nfpXDbEfsLE
Quote:
Originally Posted by TheXFactor
Gasoline, super cheap...obviously the best time to buy a Tesla, the oil companies Invest billions in alternative energy...they are not stupid.
bullish.
The bad news is I’m going to get stopped out of my gold trade.
The good news is this 2750 level is the bottom end of the Chanel the S&P has been running in. In other words - if it doesn’t hold its time to get the SPXU trade going.
i wouldnt worry about it, another 1000 standard deviation event is already overdue and its not even noon. sooner or later one of them will make us all whole again im sure.
Here we go - SPXU 18.50
Ur mans been splashing on decn got it at 18
We flip at 30
Rofl and chaps last night suggested tsg so i threw up a 3k on that what an idiot
unless it turns around and then forgiven core
USO suspended
thats... wild
people are dumping because they genuinely think the etf is going to fold.
LOL. I just bought some USO calls this morning. Does this mean I get a refund?
Let's have a fucking day decn we see u big dog
The S&P is glued to that 2750 level......
Big spot technically