Hi readers
As you have witnessed the market are a ticking time bomb, at the present time.
With margin selling hitting the markets on a weekly bases it been nothing more than distribution by the commercial players.
Monday's full moon showed the tops for the market -/+ 24 hours and now markets are once again fading down.
The one key issue which is dictating market moves is oil!
I can tell you all right here and now shale oil is coming and in a big way to the southern hemisphere.
Many countries are being look at , NZ, AUS, PNG,IND FIJI just to name a few.
Don't sit and believe the bullshit which comes out of the media regarding oil and OPEC.
OIL under $30 starts to become a difficult viable proposition for shale oil.
Anything over $30 and it's viable..
It becomes even more profitable if in a negative exchange rate to the US$.
OPEC IS NO LONGER RELEVANT , believe me.
I have been to so many shale oil conferences over the past fortnight and have spoken to many CEO, to know where it's at .
The money making question will be if they look to joint venture and list or go at it alone.
The quicker companies who produce oil sell out of those assets for at least something the better they will be.
Yesterday BHP reported a $8 billion loss yet the company traded up 8%.
I've never seen such a screaming sell on the market.
Sure coal prices are pushing $50, so does the market just discount numbers and buy hope as was the case yesterday..
Anyway we took some of the $17.50 price.
As I've said before a $25 oil will be my trigger to look at buy BHP, BUT TILL THEN HAPPY TO WAIT.
In regards to trading please use caution and if your technicals agree with the astrology then the trade has a better chance of being right.
As you have witnessed the market are a ticking time bomb, at the present time.
With margin selling hitting the markets on a weekly bases it been nothing more than distribution by the commercial players.
Monday's full moon showed the tops for the market -/+ 24 hours and now markets are once again fading down.
The one key issue which is dictating market moves is oil!
I can tell you all right here and now shale oil is coming and in a big way to the southern hemisphere.
Many countries are being look at , NZ, AUS, PNG,IND FIJI just to name a few.
Don't sit and believe the bullshit which comes out of the media regarding oil and OPEC.
OIL under $30 starts to become a difficult viable proposition for shale oil.
Anything over $30 and it's viable..
It becomes even more profitable if in a negative exchange rate to the US$.
OPEC IS NO LONGER RELEVANT , believe me.
I have been to so many shale oil conferences over the past fortnight and have spoken to many CEO, to know where it's at .
The money making question will be if they look to joint venture and list or go at it alone.
The quicker companies who produce oil sell out of those assets for at least something the better they will be.
Yesterday BHP reported a $8 billion loss yet the company traded up 8%.
I've never seen such a screaming sell on the market.
Sure coal prices are pushing $50, so does the market just discount numbers and buy hope as was the case yesterday..
Anyway we took some of the $17.50 price.
As I've said before a $25 oil will be my trigger to look at buy BHP, BUT TILL THEN HAPPY TO WAIT.
In regards to trading please use caution and if your technicals agree with the astrology then the trade has a better chance of being right.
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