Loading ...Logic does not apply here, …..it seems the scum are trying to get the Momo Algo’s to follow them, no matter how mad that logic is.
But as u say, u can’t undo what has been done…all Saudi/ME production is vulnerable to be taken out.
Ipso
You mentioned a “limited strike on Iran’s oil facilities”
If Iran and Saudi Arabian facilities go offline, who stands to benefit?
Buygold
I think in this case the simplest answer is the correct one. Iran is getting desperate and is willing to risk war in order to have the chance to sell more oil.
Some talking head was just on bubblevision saying that it might take six months to repair the damage, although there may be other facilities which can take up some slack.
MBS better watch out if the Saudi gov gravy train gets derailed. Heads tend to roll there.
Ipso – Food for thought
Who would benefit the most if supply was largely cutoff from Iran and Saudi Arabia?
Seems to me it would be Russia and the United States.
R6
Just doesn’t seem like we’ll hold today but that is par for the course whenever we have “events” that should be positive for gold.
I guess if Powell and the Fed wants to cut .50 instead of .25 – this gives them cover to do it without appearing to cave to Trump.
The inevitability of gold…and now oil…ZH. readers comments
What strikes me regarding this whole affair is the level of incompetence by the Saudis in protecting their most important strategic asset. They can afford to have the best air defense system money can buy, and still they stand helpless confronting a relative simple weapon, as this is what those Irani made cruise missiles are.
Someone is going to have to take the blame for having exposed Saudi Arabia as a paper tiger. It’s entire claim to fame rests on assets that are now shown to be easily destroyed, by a dozen or so drones, no less. Sure, the damage can be repaired, but then a second set of drones could destroy it all over again, ad infinitum. MbS has cooked his goose, I think, with this ill-considered Yemen war. He has to take the blame, and that suggests some serious rearrangement in the House of Saud.
“Drones” is a vague term. We talking a quadcopter you buy on Amazon or an advanced military drone like the one Obama landed in Iran several years back? Either way, there must have been a comm link to either GPS or to an operators receiver.. How can a well funded country like SA not be able to fuck with that signal? You don’t need to take it over, just fill it with trash information and make it impossible for the operator to control. Israel has had a portable. drone jamming device for a few years-they have contact with S.A.—I’m surprised S.A. has no counter-drone/missle technology
NEM down over 1 %…..scum all over it.
Down over 2.5 % from todays Hi…just rammed straight down.
Au drops below $ 1500, as Iran promises to pay for all the damage and compensate everyone
and give up all it’s Nukes….
scum control…now looking insane…an old mate called to day and said this is a bloody joke, AU plus 1 %, it should be up 5 % plus and going.
Buygold-I. tend. to agree. with you…only caveat. is that silver is back to leading…gotta watch silver…
the Russell is already. up 3 pts–they will try to hold it all together at least until the FED meets?????
Euro stocks. not impressed…just down a. bit….oops! There goes gold=up 5.90–it should be zooming. back up after 2pm Wednesday if not before…especially if ole Saudi Arabia or Iran take another drone or missile up the wazoo…
Writing is on the wall
No way pm’s holds today. 10 yr. back to 1.87%
Shares unimpressed. DOW only down 80 – Scum in complete control.
G’mornin, gang, the. oil bargain window is closed but the other windows are wide open and
there. are still great. buying opps–getting short stock indexes-specially if the DOW. gets. near unchanged…and gold is a buy on this pullback…the threat. of war is real and will hang over world markets for the indefinite future..
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Added 20K GUSH “early bird” specials…now that window’s closed…stops are set and let ‘er ride!
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Filled Buy 12700 GUSH Limit 4.51 — — 4:04:44 09/16/19
Filled Buy 7300 GUSH Limit 4.49 — — 4:03:27 09/16/19
macroman3
Grow up…but that would take centuries, so just piss off.
Rates slowly ticking up
Not good. DOW looks poised to shake off this little dip – probably not good either.
Long way to go and Crimex open on deck.
Morning MM3
Instead of tossing a grenade in the room. Give us your theory of the Saudi oil bombing.
We know that the US-Israel-Saudi would immediately blame Iran, that’s par for the course.
I’d say a few countries stand to benefit from higher oil prices.
Flight to safety?
Bonds, PM’s USD (slightly), Oil (Bigly)
Not confident they’ll allow pm’s to stay up today. Hopeful but not confident…
Au sitting at plus 1 %, 1503 and change.
so the scum algo’s are all on folks……as long as there is electricity the scum will never sleep.
Decided to check in and I still see R640 is snouting his Zionist Pig through Hackerman.
Goodnight freedom.
It looks like Richard got his period again…
Gold Train
Based on the coloring and loco number,
this MIGHT be an old Milwaukee Road
Hiawatha loco… still serving on a dinner train.
https://railpictures.net/photo/708307/
Rick. Ackerman echoes my thesis that the gravity. of what happened hasn’t set in yet
Mkts. are going-so far-at. 12:13 am-according to my. script-oil-gold off their. highs—stock futures off the lows—if this. keeps up, the buy. window. for. positioning will be open in the morning-before. the next incident in. this drama takes place
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