SUCKER! – Wall Street Underground

By Nick Guarino | September 2, 2015

Oil Market Manipulation Failed.

Still fooling the fools.

Were you fooled? These past few days have had some some real fireworks in the oil market. Oil had its biggest 3 day gain since the start of the gulf war. As oil came off its most recent lows, the Jerk OFFS and the pretty Wall Street babes were fast to declare the next BULL market in crude oil.

What bullshit. Look at the chart, grasshopper and I’ll tell you the real story.

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As you can see, oil has come off of its recent $100 high and after a couple of rally backs, crashed to $38 a barrel. Then out of a clear blue sky it “rallied” to $50. And the teleprompter analysts were all over this like an NBA player on a blonde cheerleader.

As you know, I recommended selling oil from the start and adding more into this silliness. Here is what happened. The deep in debt to the Wall Street bankers oil companies got scared as shit. Oil in the thirties is a lethal injection.

They needed relief. The bankers are going broke in commodity trades, especially oil. And losing their asses in energy loans, are trying to suck every dime they can out of the oil companies. It’s the old cliche, you can’t get blood out of a turnip. But you can get plenty of turnip juice if you squeeze hard enough.

So here is what they did. They dialed up their oil manipulations bedfellows, the Saudis, and they got them to run a disinformation story in the OPEC Bulletin.

The commentary in Mondays magazine issued by OPEC’s Vienna headquarters, said downward pressure on prices due to higher production “remains a cause for concern” and OPEC “stands ready to talk to all other producers”.

And it was off to the races because the boys in the trading pits bought. They were tipped 3 days ahead of time.

Monday’s story added anther 8% to the 20% three day surge. And the stupid money was fooled again. The retail brokers and pretty Wall Street TV babes declared a (HA HA HA) new bull market in oil.

Of course it was totally bogus. OPEC will not relent in its price war until it puts as many producers as possible out of business. And that will take $10 a barrel oil. Look they have plunged the oil price 3 times in the past to crush competition.

The planted story was retracted when a Gulf delegate said the Bulletin reflected genuine concern in the Organization of the Petroleum Exporting Countries about falling prices but it did not signal a policy shift or pending production cut. DAH

Oil promptly fell $6 a barrel and will soon resume its death plunge. So what did they accomplish. Well Grasshopper, it allowed the producers to hedge their production for the next 6 months to 12 months at over $50 a barrel. Thereby making the turnip juice the bankers are desperate to collect just a little sweeter.

Unfortunately, not nearly high enough to save their bacon from the fire.

Call this report learning how Wall Street sausage is really made.

Thank you,
Nick

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