Crude Oil Plunges Again, Look For A Rebound Opportunity My Lions. By Gregory Mannarino
After yesterdays promise from Fed. President William Dudley, making it clear that The Fed. is determined to hit their inflation targets-which caused stocks to hit new record highs, today stocks are struggling for direction on plunging crude.
It seems that stocks want to move higher especially after fed speak yesterday however, crude needs to move higher (and it will).
As I have outlined many times, the markets are virtually dependent on the price of crude being high. Not just the energy sector, but the financial sector as well as the banks have huge investments in crude, and they will not allow crude to fall beyond a point where they will get hurt. (Everything is fake).
What this means, and I have outlined this "phenomenon" recently, is we can all expect some event to occur which will push crude higher, and stocks will follow.
When will this happen?
Not so soon that it will appear suspicious, but it will happen, and that my friends, my Lions, means opportunity.
Right now the 10yr yield is stabilizing as is the dollar, and with the Fed. promising to inflate, and inflate more in order to hit their targets, stocks should move higher.
What we can expect, sometime soon again, is a rebound in crude.
Watch for it... then POUNCE.
As always, I will post new positions to my website TradersChoice.net so when the time comes we can all profit, (I have several positions posted there now).
Click here: https://www.traderschoice.net/money-page--stock-picks.html
Gregory Mannarino
love you GMAN :)
Upvoted, resteemed.
I've donwloaded your whole Lulu library. Will go through it this morning as a refresh and to be better prepared for the next straddles..!! Keep it up ^-^
Is there a link to it for everyone here to go direct so we can read Gregory's work?
Greg can you offer your intellectual opinion on Crypto and where it is going please? Love your stuff, and watch you on Youtube all the time, and still do, I like the Saturday morning T shirt look better. LOL
Higher, IMO, much higher.
Thank you, I am heavy in Litecoin was considering dumping some to Bitcoin. I also have Ether.
The congress is trying to pass a bill right now that will make buying and using crypto's more difficult. The banksters don't like competition. It will get ugly at some point.
Yes I read something about crossing the border and having to declare all currency including crypto. I live in Canada and it is just a matter of time before it will strike us as well.
Anything over $10,000. All part of a collapsing empire. US is broke as is the rest of the world's government's and they need to take everyone's hard earned wealth any way they can.
What is your source of this info?
Keep following Greg. He will lead you in the right direction as to who to listen to.
Like to buy some dont know how. Can you help. Please and thank you
You get a Coinbase wallet. Then when you go to Blocktrade to exchange your SBD convert it to Ether instead of Bitcoin. You get the Ether address from the Coinbase wallet. Hope that helps
Which website for Blocktrade?
https://blocktrades.us
Thank you! 🙏🏻
Yes thank you it does. Is ether a better buy then bitcoin? Well a better company ? Do you have both?
Ether is down right now by 8% so it is a perfect time to buy. Some suggest that Ethereum will blow past Bitcoin in the future. I have a diversified portfolio of Bitcoin, Ethereum and Litecoin.
Thank you, you are a big help. Where is the best place to go to get a wallet. To put the eather or bitcoin in. And what is a good start for a beginner to buy?
Noticed that US Crude almost hit 43, this could be interesting. Perhaps a war in Iran to get it back up?
War with Iran 🇮🇷 is a dumb idea 💡 because it means war with Russia.
Even without Russia 🇷🇺 war with Iran 🇮🇷 is an extremely bad idea. The USA 🇺🇸 are losing out big time to trade with Iran 🇮🇷; France 🇫🇷 and Germany 🇩🇪 are trading with them. That is why we are punishing France 🇫🇷 and Germany 🇩🇪 and their efforts to do business with Russia 🇷🇺 and Iran 🇮🇷 by placing these new sanctions on Russia 🇷🇺 and Iran 🇮🇷 . People like Mike Lee and Rand Paul, who were the only two US Senators to oppose the new sanctions, should be supported big time. Russian markets are being cut off, this may only do harm to the cutters.
All just a tap on the keyboard ot make thing happen just the way they want. Fortunately we have a brilliant teacher who has taught us how to see through their shenanigans.
thank you Greg and we upvoted it was very good info
Capitalize on the rebound all! Thanks for the heads up Mr. M! As always thanks for the heads up. Much appreciated!
So right on.
Im actually surprised recent events haven't already supported crude prices. I guess something "more serious" needs to happen.
Everything is Fake.