Market News and Commentary – Wall Street Underground

By Nick Guarino | September 18, 2019

Saudi Arabia Displays Fragments From Attack Site It Says ‘Unquestionably’ Prove Iranian Involvement

Saudi Arabia said Wednesday that strikes on its oil infrastructure that suspended half of the kingdom’s oil production were “unquestionably” sponsored by Iran, adding that the strikes originated from the north. It displayed what it said were fragments of the arsenal of 18 drones and seven cruise missiles that devastated two facilities in the country’s east, knocking out half the kingdom’s oil production. “The attack was launched from the north and unquestionably sponsored by Iran,” defense ministry spokesman Turki al-Maliki told a press conference.

Market News and Commentary for September 18th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 17, 2019

Oil Jumps In Record Trading After Attack On Saudi Facilities

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NEW YORK (Reuters) – Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years amid record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom’s production in half and fanned fears of retaliation in the Middle East.

The attack heightened uncertainty in a market that had become relatively subdued in recent months and now faces the loss of crude from Saudi Arabia, traditionally the world’s supplier of last resort. A gauge of oil-market volatility hit its highest level since December of last year, and trading activity showed investors expect higher prices in coming months. “The attack on Saudi oil infrastructure came as a shock and a surprise,” said Tony Headrick, an energy market analyst at St. Paul, Minnesota, commodity brokerage CHS Hedging LLC. “I think the tables abruptly shifted in the way of the supply outlook and caught many who were short off-guard.” Two sources briefed on Aramco’s operations said a full return to normal production “may take months.” “I don’t think there really is enough to offset what is going to be offline here for a period of time, and you don’t even know the quantity of time,” said Joe McMonigle, energy analyst at Hedgeye Research.

Market News and Commentary for September 17th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 16, 2019

It Will Take Saudis Months To Return To Normal Output Volumes – Before Then USABLE OIL WILL RUN OUT!

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A RETALIATORY ATTACK ON IRAN IS IMMINENT!

Before this is the worlds biggest oil complexes

This is after 20 hybrid cruise missile drone “TRUMP projectiles” South Korea tested and supplied to IRAN!

DUBAI (Reuters) – Saudi Aramco’s full return to normal oil production volumes “may take months”, two sources briefed on the company’s operations said on Monday, after attacks on Saudi oil plants knocked out more than half of the country’s output. “It is still bad,” one source said.

On Sunday, an industry source briefed on the developments told Reuters that Saudi Arabia’s oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, but that Aramco may have to cut exports later if the outage in output continued for long.

Market News and Commentary for September 16th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 15, 2019

Saudi Arabia Was Attacked. Turmoil Is Coming To The Oil Markets.



A major Saudi Arabian oil field was attacked on Saturday, and it’s safe to say that no one saw this coming. Nick Note: BULLSHIT! I saw this coming and told you they would knock out Saudi production… Score a BINGO and $250 oil here we come. Oil futures aren’t trading just yet, but the Saudi Arabian stock market is open for trading on Sundays and the Tadawul All Share Index is down more than 1%. Expect a big jump in oil prices.

Market News and Commentary for September 15th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 14, 2019

Shutdown Amounts To A Loss Of Some Five Million Barrels A Day, Roughly 5% Of The World’s Daily Production Of Crude

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THE SAUDI PRODUCTION SHUTDOWN AMOUNTS TO A LOSS OF ABOUT FIVE MILLION BARRELS A DAY, THE PEOPLE SAID, ROUGHLY 5% OF THE WORLD’S DAILY PRODUCTION OF CRUDE OIL. THE KINGDOM PRODUCES 9.8 MILLION BARRELS A DAY.

A coordinated drone strike hit at the heart of Saudi oil production on Saturday, sparking an enormous blaze and forcing the kingdom to shut down about half of its crude output, according to people familiar with matter. Iran-allied Houthi rebels in neighboring Yemen claimed responsibility for what would be one of their largest-ever attacks inside the kingdom.

Market News and Commentary for September 14th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 12, 2019

Saudi Energy Giant Aramco Ready For Two-Stage Market Launch

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ABU DHABI (AFP) SAUDI ENERGY GIANT ARAMCO IS READY FOR A TWO-STAGE IPO BUT THE TIMING IS UP TO THE GOVERNMENT, ITS CHIEF EXECUTIVE SAID TUESDAY, FLAGGING A POSSIBLE FOREIGN LISTING AS PART OF THE OFFERING.

Aramco is “ready” for the giant stock market debut but the timing is a “government decision”, Amin Nasser told reporters on the sidelines of the World Energy Congress. “One of the primary listings is going to be local but we are also ready for listing outside.” Nasser’s remark came after the Wall Street Journal reported last week that Aramco was considering a domestic debut and a subsequent international listing – possibly in Tokyo. Aramco has said it plans to float around five percent of the state-owned company in 2020 or 2021 in what could potentially be the world’s biggest stock sale. It aims to raise up to $100 billion based on a $2 trillion valuation of the company, but investors have long debated whether Aramco is really worth that much.

Market News and Commentary for September 12th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 3, 2019

Tokyo Stock Exchange Emerges As International Frontrunner For Saudi’s Aramco IPO

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LONDON – Saudi Arabian Oil Co., the world’s largest oil firm, is considering conducting its initial public offering in two stages, with the Tokyo Stock Exchange emerging as the international frontrunner, The Wall Street Journal reported Thursday in its online edition.

The state oil giant, known as Aramco, is planning to split the world’s largest IPO into two stages: debuting a portion of its shares on the Saudi stock exchange later this year followed by an international offering in 2020 or 2021, the U.S. business daily said, citing people familiar with the plans. “The company is leaning toward Tokyo as the venue for the second phase of its proposed plan” as political uncertainty in Britain and China reduced the appeal of London and Hong Kong’s markets, the report said. The corporate value of Aramco is believed to be $2 trillion.

Market News and Commentary for September 3rd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 29, 2019

Platinum Soars As China Considers Relaxing Car Restrictions

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THIS IS ABOUT A LIZARD BRAIN TRADE THAT IS OPENING UP… I’LL EXPLAIN IN THE TAPE!

Precious metals traded in the green on Thursday with platinum soaring nearly 3% after China said it is considering relaxing restrictions on auto purchases.

The country’s State Council outlined 20 measures in order to boost consumption as the protracted trade war with the United States takes its toll on China’s economy. Gold gained 0.08% to $1,541.09 per ounce at 10:09 am ET, while silver jumped 1.13% to for $18.57 for one troy ounce. At the same time, platinum, mostly used in the automotive industry, surged 3.11% to $929.48, while sister metal palladium climbed 0.88% to $1.487.26 per ounce.

Market News and Commentary for August 29th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 25, 2019

China To Impose 5% Tariff On U.S. Crude From Sept. 1: State Council

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Singapore — China’s plans to levy 5% tariff on U.S. crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne U.S. crude shipments heading to China and limiting buying interest in U.S. crude from Chinese refiners. BULLSHIT!

Here is where they make an asshole out of you. Before the announcement, Crude NY was trading at $55.50 a barrel. It fell to a low of $53.25 a barrel on Friday after the announcement. A drop of $2.25 (we issued a buy on the low in Brent) closing at 53.97 down $1.42 for the day. So if we take U.S. crude at $53.97 NY closing price and add the 5% tariff, you get $56.66 a barrel duty paid. Well within the range oil has been trading at lately. Now let’s suppose the Chinese buy Saudi oil to replace U.S. crude. So let’s say you’re sucked in by the bullshit because they made you stupid and you believe, OH my GOD the US oil market is doomed. Well the fucked up logic goes like this. The Chinese, the largest importers of oil in the world won’t buy U.S. oil because of the $2.69 cent duty. The only supplier in volume is the Saudis. And Saudi oil is trading at $60.13 a barrel. So that means U.S. crude is still cheaper duty paid by… $3.69 barrel. WTF, don’t let them make a fool out of you. Oh, another thing they forgot to tell you. U.S. oil exports are minuscule and the Chinese at best bought only 10% of their oil from U.S. suppliers… DAH!!!!!

Market News and Commentary for August 25th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 23, 2019

Trump Out Of Control: Orders U.S. Firms Out Of China After Beijing Sets New Tariffs

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WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods.

Trump said on Twitter he will issue a response to China’s latest tariff plan on Friday afternoon. The President was meeting with his trade team at midday, a senior White House official told Reuters.

“We don’t need China and frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP.” Trump tweeted.

Market News and Commentary for August 23rd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 21, 2019

Negative-Yielding Bond Supply Hits All-Time High

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NEGATIVE YIELDS ARE JUST ANOTHER TRICK THEY COOKED UP TO FOOL THE FOOLS AND TAKE THEIR MONEY! WANNA HEAR THE REALLY GOOD PART? IF YOU’RE AMONG THE 1 IN A BILLION THAT UNDERSTANDS THIS EVIL TRICK, YOU CAN TAKE THEIR MONEY. AND GET THIS, I PROVED IT BECAUSE THAT IS EXACTLY WHAT WE HAVE DONE THIS PAST WEEK.

NEW YORK (Reuters) – The amount of bonds carrying negative yields increased to an all-time peak of $13.2 trillion on Wednesday, up $1.6 trillion or 13.4% from a month earlier in the wake of a dramatic rally in bond markets around the world, J.P. Morgan said on Thursday.

Investors’ stampede into mainly sovereign bonds started a week ago when U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion worth of Chinese imports in a bid to pressure Beijing to agree to a trade deal. Sixteen of the 21 developed countries J.P. Morgan tracks saw their government debt yields hit record lows over the past month, J.P. Morgan analysts said. Most of the increase in negative-yielding bonds occurred in Europe. German yields across all maturities, worth $1.2 trillion, have sunk into negative territory. Negative-yielding euro zone government bonds grew by 15.6% to $5.2 trillion with an average 28 basis-point fall in yields, they said.

Market News and Commentary for August 21st has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 20, 2019

Told You The ASSHOLE Would BLINK… U.S. To Delay Huawei Ban By 90 Days

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The U.S. has delayed its trade ban on Huawei by a further 90 days, despite President Donald Trump’s insistence that American companies will be blocked from trading with the Chinese tech giant.

Commerce secretary Wilbur Ross today said his department will extend a temporary measure that allows American companies to do business with Huawei. The ban was due to come into force today, but media reports over the weekend suggested an additional three-month reprieve would be granted.

Market News and Commentary for August 20th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 14, 2019

U.S. Long-Bond Yield AT All-Time Low!!! TAKE PROFITS

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The rate on 30-year Treasury Bonds has hit a modern times all-time low and a closely monitored section of the U.S. yield curve have inversion as investors sought shelter amid a fraught geopolitical backdrop. TAKE PROFITS!!

“There’s a lot of concern that negative rates are going to move onto U.S. shores, and that’s driving demand for duration from fixed-income investors who are looking to insulate themselves,” said Mark Heppenstall, chief investment officer for Penn Mutual Asset Management, which has $27 billion under management. And when those assholes want to buy on record lows, I want to sell them some. Remember me? I had you buy them when your asshole broker did not even know what Zeros are. If you did it as instructed you should be holding Zeros as high as 3.5%. No matter what your average is your making money. IF YOU BOUGHT THE TEN YEAR AT 3.5% AS INSTRUCTED, YOUR KICKING ASS THERE AS WELL. So take the freeging money and run!!!! Listen to me, take profits and take the money and RUN!!!

Market News and Commentary for August 14th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 9, 2019

Our BIG Bet – Trump Will WIMP Out Like He Always Does

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OIL BEARS EASE OFF, STOCK MARKET SURGING, GOLD PEAKING, INTEREST RATES GOING NEGATIVE THE WORLD OVER, CHINA TRADE AT NEW RECORDS, CURRENCY MARKETS IN TURMOIL AND TRUMP’S FUCKING UP BIG TIME

You’ve got to love it

It’s time I reveal to you our master plan. It’s a BIG bet. But I believe I understand the fucking idiot you all elected for your president. I know you’re sorry now! But I’ve got a great big consolation prize for you. This idiot Fascist Nazi will make us fortunes as he and the economy crashes and burns.

Market News and Commentary for August 9th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | August 2, 2019

Trump Adds More China Tariffs To Pressure FED

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Trump tweeted:

“…As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place – no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!”

What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world.

Market News and Commentary for August 2nd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 30, 2019

Oil Short-Selling Surges, I Wanna Buy More Than Ever!

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THE LAST TIME THIS HAPPENED, OIL UNDER HEDGE FUND SELLING PRESSURE DROPPED DOWN TO $40 A BARREL AND AS USUAL THEY WERE WRONG AND OIL SURGED TO $70 A BARREL.

Hedge funds have boosted their bets by 46% that West Texas Intermediate crude will fall according to U.S. Commodity Futures Trading Commission data. Their selling this time has driven oil to under $50 a barrel this past June. It has started to rebound now at $60 a barrel. And we believe this time as hedge funds wipe out again we will get $100 a barrel oil. And for the cherry on top, WHEN there is war in the Middle East we will get over $200 a barrel oil. This is the stuff million dollar trades are made of. And not a moment too soon!

Market News and Commentary for July 30th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 29, 2019

EU Lawmakers See Higher Risk Of No-Deal Brexit With PM Johnson

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The European Union lawmakers dealing with Brexit said on Wednesday there was an increased risk of a disorderly British exit from the bloc after Boris Johnson becomes prime minister. The bloc has congratulated Johnson on his victory but was firm that it would not offer Britain better departure terms.

Market News and Commentary for July 29th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 24, 2019

Trump, It’s Time… PUSH The Freeging Button

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It’s time to take out Iran’s ha, ha, ha navy, missile bases and 5 nuclear bomb manufacturing sites… Donald, PUSH THE BUTTON.

Market News and Commentary for July 24th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 20, 2019

Iran’s Revolutionary Guard Corps Seized A British Oil Tanker

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Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy choke points. Brent climbed more than 1% on the news. The tit-for-tat actions signal greater instability and potential conflict in a region where one-third of the world’s seaborne crude and fuels pass through.

Market News and Commentary for July 20th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 18, 2019

Trump Sincere In Overtures To Iran To Negotiate New Nuclear Agreement – U.S. Iran Envoy

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The offers made by U.S. President Donald Trump to negotiate a new nuclear agreement with Iran are sincere, U.S. Special Representative for Iran Brian Hook said on Tuesday. “Those who sort of question the sincerity of the President’s invitations, I would just point to the fact that he’s now met twice with [North Korean leader] Kim Jong-Un”, Hook said an event hosted by the Axios media outlet in Washington. Donald Trump has repeatedly said he is open for talks with the Iranian leadership without any preconditions.

Market News and Commentary for July 18th has been posted. Click here to listen now.
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