WTI CRUDE

BREAKING NEWS: Iraqi Military Begins Mosul Offensive (Videos Added)

by John Galt October 16, 2016 19:20 ET Breaking on all major news sources. As per Reuters: Iraq announces start of offensive to retake Mosul (excerpted) Iraq’s Prime Minister Haider al-Abadi announced the start of an offensive to retake Mosul, the capital of Islamic State’s so-called caliphate in Iraq. “The hour has come and the moment of great victory is near,” he said in a speech on state TV, surrounded by the armed forces’ top commanders. “I announce today the start of the operation to liberate the province of Nineveh.” The…


Russia’s Plan to Blackmail OPEC at the Secret Qatar Meeting on Tuesday

by John Galt February 15, 2016 20:05 ET The long anticipated Wild West face to face showdown with Russia and Saudi Arabia occurs on Tuesday, February 16th in Doha Qater per Bloomberg today: Saudi, Russian Oil Ministers Plan Talks in Doha Tuesday The reaction in the crude oil futures markets was fast and obvious (chart via Investing.com): The so-called secret meeting was leaked by someone with a financial interest in moving the futures markets. Here is an excerpt from the Bloomberg article linked above: Ali al-Naimi, the most senior oil official…


02.11 U.S. MARKETWATCH: It’s going to be a Bloodbath if S&P 1780 Does not Hold

by John Galt February 11, 2016 05:30 ET With each new day, a new crisis in deflationary acceleration occurs and thus markets retreat closer and closer to danger levels which could trigger massive crashes. Today’s headlines are no different: Swedish national bank, the Riksbank cuts rates FURTHER into negative interest rate territory from -0.35% to -0.50% The Japanese Yen has risen further against the USD now down over 400 pips to 111 since last night Gold is up over $20 as everyone appears to be abandoning fiat currencies and returning to…



01.06 BREAKING NEWS: CHINESE STOCK MARKET STOPS TRADING AFTER 30 MINUTES 7% DECLINE

by John Galt January 6, 2016 21:07 ET Breaking live on all financial media now. CHINESE STOCK EXCHANGE CLOSES AFTER 30 MINUTES OF TRADING AFTER HITTING 7% LIMIT DOWN THRESHOLD The headline from Bloomberg says it all: China Stocks Halted for Rest of Day After CSI 300 Tumbles 7% And here is the chart of the flatlined Chinese Stock Market from tonight’s brief session after the 15 minute trading halt then crash: Meanwhile U.S. stock futures have taken a steep dump after the news: Gold is on the verge of a…


11.24 Stock Market Watch: Turkey Shoots Down Russian Warplane-Markets now Very Tense

by John Galt November 24, 2015 05:15 ET With the news breaking early this morning about the Russian SU-24 being shot down by the Turkish military, markets went from quiet and sublime into full blown panic mode in the futures markets as the chart above demonstrates. But even with the Russian Defense Ministry downplaying this action at the moment, gold and the US dollar found an early morning bounce when the news broke (charts courtesy of FINVIZ): This has also put a floor under WTI Crude with a slight bounce on…


Saudi Arabia to Hit Global Debt Market – Borrowing Could Equal 50% of GDP in 5 Years

by John Galt November 9, 2015 20:00 ET Whoops. The Saudis promised the world that the rapid decline in oil prices would have limited impact on their domestic economy.  Despite the public proclamations and chest thumping to reassure overseas markets and investors, in fact the Saudis have been desperate to raise cash as they have now discovered the economic reality of the difference between liquidity and actually having cash on hand. This was highlighted in none other than the website Reuters via Arabian Business on October 12th: Oil-dependent Saudi, Abu Dhabi…


08.03 Here we Go Again: August Opens with Shanghai and Asia Down, Down, Down

by John Galt August 2, 2015 22:00 ET Here we go again gang so buckle up, it’s going to be a wild month… The Nikkei 225 is crawling down the ladder, as of this posting down about 3/4 of a percent (all charts via YahooFinance): The Shanghai SSE opens down a hard 1.4% and apparently ready to move even lower if the Beijing government doesn’t start buying more stocks soon: Hong Kong’s Hang Seng opens down 1.4% plus also: Lastly, and not a sideshow, Taiwan opens down almost 2%: In the…


03.26 Gold and Oil Surge on Yemen Conflict

by John Galt March 26, 2015 05:00 ET Needless to say that old barbaric metal must be popular in the Middle East as an insurance policy against economic destabilization. As the news about the size and scope of the Saudi offensive into Yemen became public knowledge overnight, precious metals surged in response: Meanwhile WTI Crude is up over $2.00 per barrel as of this posting: Stay tuned as this conflict has the potential of spreading far and wide throughout the region thus ending the bear markets in these commodities and altering…


03.15 20:00 ET – Oil is Crashing and Burning like an Obama Rail Tanker Car

by John Galt March 15, 2015 20:00 ET Chart presented courtesy of FinViz.com as the real driving force in this decline is still being ignored by the financial propaganda, er, mainstream media: This would be a good time to build the Keystone pipeline because all of those railroad tank cars sitting on the Taggart Comet’s line may go boom like those who went long WTI at $50 thinking it was the bottom.


With the Death of the Saudi King, a US Invasion of Yemen is only Weeks Away

by John Galt January 22, 2015 21:45 ET Just about one year ago on February 5, 2014, I warned about events on the Arabian peninsula which have now come to fruition: Obama is about to Lose Another Arab “Ally” to Radical Islamists in Yemen Within that warning, I stated the following: Once Yemen falls, there is a proverbial line in the sand challenging Saudi dominance in the area and worse, it creates a hornet’s nest of Islamist radicalism potentially obstructing commercial traffic into the Red Sea and Suez Canal with Islamic…


11.30 While America Ate and Shopped Mini-Crashes Rocked the Markets

by John Galt November 30, 2014 10:35 ET While Americans ate, partied, and shopped until their credit cards cried “uncle,” markets around the world experienced a mini-crash which despite the protestations of the CNBCBBGFBN propaganda and infomercial sales forces will have consequences for the American economy and indeed the future of our consumer and debt driven economy. One chart sums up the coming crisis but it is not one that will be publicized by the mainstream infomercial financial media nor many if any mainstream economists: Why is this chart of the…


The 3 Market Charts to Watch During the Russia Ukraine Crisis

  by John Galt March 3, 2014 07:15 ET While there has been way to much flapping of gums by the mainstream media who are essentially clueless about the crisis emerging in the former states of the Soviet Union, the markets have a method for providing insight as to the true impact of the events as they unwind and how severe the impact will be. Investors as a general rule are not stupid when they act as individuals wishing to protect their own capital and profit from the stupidity of the…


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