, Grmntrader
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-62.76% 0% Last Trading Day
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Grmntrader
Germany
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This Year’s Performance. Risk Score Considers Last 7D.
Wayne Ryan @goodgoing
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New long on $GOLD opened. Just looking at the charts on the Cable. ... Show More
Jendrik Kleinert @gold_ai closed a $GER30 buy position
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@kodakmax
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$OIL Shall we expect a continuation of the downtrend as the US market opens now their master hath spoken? ... Show More
@DanStoli
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$OIL I had to drink lots of horrible tasting medicine today - I have completely changed my position, I was selling.. and I closed all my positions today even though it was deep red - lost about $6k on those positions. but overall selling since Jan has netted me +10k profits, even after subtracting todays losses.. anyway, the point is that I have completely reversed my opinion on where oil is going. I don't really believe the story about the tightening storage supplies resulting in a shortage, that is all distorted by the 5 year average having the majority of years at sky high levels.. so even now there is still massive amounts of oil in storage and reports of Saudi storage facilities bulging at the seams... and more importantly, US gasoline stock piles are near all time highs (important since crude isn't actually used for anything except as feed stock for refineries to make gasoline and distillates etc. which are then used by industry). so that's why I was selling, and I still would be now.. except that I am started to believe that Trump will in fact pull out of the Iran deal.. I assumed he was just blustering as he usually does.. but now that Tillerson and McMaster are gone who were the biggest proponents advising trump to stay in the Iran deal and has now been replaced by a known Iran aggressor in Bolton... this all starts to look exactly like the trade tariffs when Cohn resigned who was the key advisor against tarrifs.. he was booted out and tarrifs came in... Iran deal - key advisors who wanted to keep the Iran deal booted out and now I think Iran deal is gonna go down.. and that will result in 1 million barrels of oil a day less in the market.. = massive oil price spike and upwards pressure for a long time.. so I have swallowed the bitter -$6k pill today and starting to place buy positions.. any drops in price from here onwards I see as buy the dip opportunities. I think WTI will be over $70 come may when the Iran deal is up for validation again.. that and it is the start of the peak driving season as well then. ... Show More