Who's Buying the Dip?

[AXE]

One bright spot with a middle eastern war is always the rising oil prices. I trade in and out od the United States Oil Fund $USO regularly. I bought this shit ladt Aprril and its been chopping sideways ever since. Now in less than a week, I'm up well over 65%, and its up more after the close.

Seen a middle eastern oil minister say they will likely shut off oil exports due to risk. He predicted $150 barrel oil. Now if you read between the lines, that's the middle east countries telling Trump you better shut your Israeli proxy war down or will fucking crush you.......and that's how it always goes.......but government assholes never fucking learn.

 

[AXE]

Also you can now trade 1 oz of silver for 1 barrel of oil, 42 galllons, 168 quarts......be prepared!

 

[AXE]

Well, it's been a crazy couple of months with this bullshit war that Israel conned Trump into.

I've bought and sold some of the ups and downs, but this has been hard to make any decent money. Best I did was on $USO and bought some $QQQ and $SPY when it was down about 10%. Never really got back into some of the positions I wanted.

I think the fed has propped up the markets and are suppressing the real price of oil in the futures market. I think this whole market is phony as hell and still ripe for a major correction.

I still think we have some rough days ahead as oil supplies dwindle and the high costs of fuel are passed on to customers not only at the pump, but also for everyday goods and services.

I seen this interview with the Chevron CEO and its pretty telling. He didn't hit the panic button, but he signaled the market would react soon enough as this lingers on.

Anyway, I always keep a good supply of frozen meat and canned goods and dehydrated vegetables, fruit, eggs, etc. You may wany to add to your supplies, if we start seeing oil shortages in the USA, it's gonna get ugly.

 

[MNNJR69]

Well, it's been a crazy couple of months with this bullshit war that Israel conned Trump into.

I've bought and sold some of the ups and downs, but this has been hard to make any decent money. Best I did was on $USO and bought some $QQQ and $SPY when it was down about 10%. Never really got back into some of the positions I wanted.

I think the fed has propped up the markets and are suppressing the real price of oil in the futures market. I think this whole market is phony as hell and still ripe for a major correction.

I still think we have some rough days ahead as oil supplies dwindle and the high costs of fuel are passed on to customers not only at the pump, but also for everyday goods and services.

I seen this interview with the Chevron CEO and its pretty telling. He didn't hit the panic button, but he signaled the market would react soon enough as this lingers on.

Anyway, I always keep a good supply of frozen meat and canned goods and dehydrated vegetables, fruit, eggs, etc. You may wany to add to your supplies, if we start seeing oil shortages in the USA, it's gonna get ugly.

Reminds me of the 70's . Just 6 yrs ago Trump was jumping up and down about the US being energy independent....what a joke ! Our 401 K isn't doing too bad though...

 

[AXE]

Reminds me of the 70's . Just 6 yrs ago Trump was jumping up and down about the US being energy independent....what a joke ! Our 401 K isn't doing too bad though...

Yeah, its weird AF, markets sold off some and then right back to highs. I think its all orchestrated theater and not organic.

Prices are up on a lot of food already, it can't end well if your food requires $10 diesel to produce and ship.

 

[AXE]

Chevron via their Hess acquisition in the ND Bakken Shale is one of my biggest clients. They are just now starting to build more oil well pad locations and permitting new wells near us. They had cut back some late last year as prices were very soft. It'll take months before the construction of the pads, drilling, fracking, and pumping new barrels. There won't likely be new additive barrels until early 2027. That's exactly what the CEO was implying.

 

[Graham26ZR2]

I'm buying some crypto too. That phony shit trades with stocks now, so it's the same game. You can easily pick off $500 here and there on that garbage.

Lately, I've traded some $XRP, $SHIB, and $DOGE.

Have you looked into HBAR, ZBCN, XLM, and FLR? WLFI may be a good buy also. I’m double dipping on stocks and crypto with XRP.