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Thursday, April 23, 2020

THE FED PROPS UP OIL

“Crude oil trading would be a good start!”

I don’t care what anybody says, today sees the FED’s fingerprints all over that
early morning rally that took it to its high for the day to coincide with stocks
exploding … they did it in February 2106, when that seemed like a disaster in the
making with oil going into the mid 20’s … that was just a dry run for the current
disaster … so why not? … is it not cheaper to prop stocks via oil buying than to
pump shares of AMZN?

Make no mistake, this current state of disaster is the direct result of Saudi Arabia
attempting to exert control over world oil, and quite frankly they have the means
to be able to do it … wipe out all competition for oil is right out of the John D.
Rockefeller playbook from Standard Oil of New Jersey back over 100+ years ago …
and with American shale producers a big pain in the ass, it won’t take many more
weeks / months to wipe most of those off the map … despite the FED buying
today, crude is in real trouble, and next up is the June expiration which has the
makings of a real bloodbath on the downside … it would surely be nice to have
an oil CFD that wasn’t hosted by scam artist LP’s, like the ones at both Turnkey &
PRIMEXBT, where how many hours did it take for them to abandon the 2 cent
spread? … what a fucking joke.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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