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Oil Dead Cat Bounce?

  • Buckeye
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2 years 8 months ago #1 by Buckeye
Oil Dead Cat Bounce? was created by Buckeye
Loved the Art Berman episode and of course watch oil daily and its' effect on the market in general. REALLY PSYCHED for Erik's upcoming episode of timing and best way to deal with this potential mega trade. Would love this to stay active on our forum. Thanks all for input and our goal to make this an awesome site and podcast.
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2 years 8 months ago #2 by ErikTownsend
Replied by ErikTownsend on topic Oil Dead Cat Bounce?
Thanks for the kind words, @Buckeye!

We're working on Part II for release tomorrow night. Stay tuned!

Erik

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2 years 8 months ago #3 by eskimo
Replied by eskimo on topic Oil Dead Cat Bounce?
Martin Armstrong aluded to a possible "eye watering" run to 38 in WTI followed by another precipitous fall to new lows. Id love to load back up on the wti short again :)

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2 years 8 months ago #4 by tankumo
Replied by tankumo on topic Oil Dead Cat Bounce?
I am extremely afraid oil has bottomed and if I missed the bottom I will never forgive myself, that would be the investment of lifetime opportunity.

Let's hope oil will go lower, after reading Nadeem Walayat article I am really afraid I missed the boat.

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2 years 8 months ago #5 by NathanEgger
Replied by NathanEgger on topic Oil Dead Cat Bounce?
@eskimo - this is exactly the scenario we discuss in episode 4!

@tankumo - it's possible, but we still think oil has at least one more leg down. Either way, opportunities will still exist.

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2 years 8 months ago #6 by tankumo
Replied by tankumo on topic Oil Dead Cat Bounce?
Thank you for your reply.

I came across this article, folks, it's just like what Nathan and Erik were saying, this author thinks oil is heading lower for good reasons.

www.safehaven.com/article/40700/the-perf...in-the-ides-of-march
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2 years 8 months ago #7 by Buckeye
Replied by Buckeye on topic Oil Dead Cat Bounce?
Erik advises he got stopped out on his short...who freakin' knows where oil is going. If Erik and Art don't know, how can we other than dumb luck? I heard another totally unrelated podcast where this active trader gal said EXACTLY the same thing as Erik and Art and was shocked by the recent run up. She blamed it on the spin too.

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2 years 8 months ago #8 by tankumo
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2 years 8 months ago #9 by tankumo
Replied by tankumo on topic Oil Dead Cat Bounce?
Anyone here specializing in cycle works?

This cycle analyst thinks oil can go lower, just look at his charts, I hope he is right.

www.safehaven.com/article/40767/crude-oil-trap

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2 years 7 months ago #10 by ricpow
Replied by ricpow on topic Oil Dead Cat Bounce?
Very interesting discussion. I think Macro Voices was overly harsh on the frackers, the bond lenders, and the capitalist system. I do not see this s another poorly planned bubble; this is an attack by non-market forces. In Episode 3 (I think) it was staed tha the Saudis are after the bond lenders. This is economic warfare. I am surprised that the US puts up with this.

I am a far-right-wing Canadian (slightly right of Obama), and to me, it is unconscionable to allow free trade with a cartel. The west has been held prisoner to OPEC for more than 40 years. He who has the gold, rules. This strikes me as the perfect time to tell OPEC to pound sand. Slap on a huge import tariff on OPEC countries, such that the oil price rebounds to a sustainable level that keeps western oil competitive.

Face it, there are going to have to be more unsavory government intervention required to bail us out of the oil bubble collapse; more quantitative easing, more government-mandated buyouts, more government bailouts. Why not kill two birds with one stone, and put the final nail in the OPEC coffin before they do the next upset of the capitalist apple cart?

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MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Nathan Egger shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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