Here we are tracking the continuation of the move down in Oil.
On the demand side, manufacturing is starting to slow and we are outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day.
Prices will have to fall to offset the move in demand, once this starts...
With energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With...
One of the items on my watch list is DFEN, the Direxion Daily Aerospace and Defense Fund. This ETF tracks companies like Boeing that would supply the US government with jets and drones in the event of a war with Iran. I'm not buying the fund yet, because it's at the top of its month-long parallel channel, and it's very close to its all-time high at 64.50, without...
Before investors could relax and believe that the worst was over, a new portion of reasons for concern arrived. It is about spreading the epidemic outside of China. Recall that almost 99% of everything related to COVID-19 took place in China. And investors at some point decided that everything that happens in China remains in China.
Yesterday forced some to...
An armed attack in Baghdad will lead to an increase in the value of protective assets. Gold grew. But I bet that the situation will not receive military continuation and gold quotations will return to the main volumes.
Damn Wuhan to hell for being so disgusting and eating rats and cats then getting SARS-CORV. Damn them to their filthy ways and let Gold shine bright for the darkness that is spreading. People in EU, UK, USA, and many parts of Eastern Asia are getting roasted by SARS-CORV and its all cause of WUHAN, CHINA. If you ask me I say we nuke em and buy Gold.
Since BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was...
Gold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short.
The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action.
But technical analysis still screaming this is a big big short. Let's see.
The bearish impulsive wave that started in October 2019 is still underway.
Price should be making a short-term rally and longterm decline until the structure is completed.
Note: I will be looking to short from the blue zone.
Check Related Idea for previous analysis.
4 years is a decent head start to position and bet on AMERICA as the defcto OPEC
.. ARMCO shares tanked $500bn from $1Tr iPO | $35 <---37
Saudi should likely use the proceeds to acquire Arms from defense contractors
which Spiked 12% lockheed grumman etc..
Optimism and belief in a bright future are generally quite positive things, but you should not abuse them, because this is fraught with a separation from reality. What we observed in the last couple of days in the financial markets, in our opinion, was that separation from reality.
Asset prices are as if there were no killing of Suleimani, mutual threats from the...