General Discussion

orwell

(7,775 posts) Thu Apr 23, 2020, 09:16 AM Apr 2020

The Orange Julius Caesar "juices" up another market...

...The reason he tweeted about attacking Iranian ships yesterday was to talk up the oil market.

As the oil market crashed to a negative number on the May contract, the stock market's recent "recovery" was wavering.

His Iranian threat temporarily stopped the historic slide.

The June contract has rallied about $6 a barrel since he started ginning up the conflict.

This was his intention all along.

And it seems to have temporarily worked...

6 replies

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Highlight:

The Orange Julius Caesar "juices" up another market... (Original Post) orwell Apr 2020 OP

I wonder how much money him and his cronies doc03 Apr 2020 #1

He is very good at it... orwell Apr 2020 #4

The tuesday negative value futures contract media was quoting - expired tuesday empedocles Apr 2020 #2

This, the June contract is was down from a week ago Amishman Apr 2020 #3

I agree... orwell Apr 2020 #5

This could be a serious reckoning for commodities speculators Amishman Apr 2020 #6

doc03

(35,362 posts)

1. I wonder how much money him and his cronies

Reply to orwell (Original post)

Thu Apr 23, 2020, 09:19 AM

Apr 2020

have raked in with the pump and dump thing. What kind of diversion will he use to counteract his latest unemployment numbers?

orwell

(7,775 posts)

4. He is very good at it...

Reply to doc03 (Reply #1)

Thu Apr 23, 2020, 09:30 AM

Apr 2020

...they have made billions.

empedocles

(15,751 posts)

2. The tuesday negative value futures contract media was quoting - expired tuesday

Reply to orwell (Original post)

Thu Apr 23, 2020, 09:21 AM

Apr 2020

Amishman

(5,559 posts)

3. This, the June contract is was down from a week ago

Reply to empedocles (Reply #2)

Thu Apr 23, 2020, 09:25 AM

Apr 2020

Cushing is weeks from being full and speculators are hesitant to be as aggressive after USO got torched on Monday.

Hype only carries so long, the underlying conditions will prevail... and they are bad news.

orwell

(7,775 posts)

5. I agree...

Reply to Amishman (Reply #3)

Thu Apr 23, 2020, 09:32 AM

Apr 2020

...but it halted the slide.

He always tweets at critical technical junctures in the markets.

I'm sure Kudlow is running this as you would have to look at charts and understand cross market relationships to see it.

There is no way Drumpf understands this.

Amishman

(5,559 posts)

6. This could be a serious reckoning for commodities speculators

Reply to orwell (Reply #5)

Thu Apr 23, 2020, 10:43 AM

Apr 2020

What happened in oil could easily happen with any other difficult to transport or store commodity.

Corn has been mentioned in particular. The main uses of corn are animal feed and ethanol production, the latter is under huge pressure as ethanol for gasoline blends is way down. A demand collapse could lead to speculators getting trapped with contracts they can't flip.

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