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Pitcher

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Pitcher last won the day on June 17

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About Pitcher

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  1. Pitcher

    The Dinar card is ready to use you.

    Ha, funny and very witty Thug!, Love it, keep em coming.
  2. A good Marine buddy of mine said that in 1980.
  3. Why is Hezbollah in Baghdad. Iran is really pushing the envelope. I don’t like reading stories like this. It’s not helpful to a rate increase and a reconstruction of Iraq. Iran is a menace to ME peace.
  4. Iraqi police surrounded the headquarters of Iran-backed Hezbollah militia and detained one of its members after an armed clash Wednesday left three people wounded in Baghdad, a security official said. A shootout erupted after a police patrol in the Iraqi capital stopped a car, only for a convoy of Hezbollah terrorists to arrive, an interior ministry official said on condition of anonymity. Hezbollah militia is part of Iranian backed militias in Iraq and Syria (IMIS). "The men in five vehicles opened fire and the police responded. Two policemen were wounded and one of the members of Hezbollah" he said. The police then quickly surrounded the militia headquarters "where the fighters had holed up", the official said, closing down one of Baghdad's main thoroughfares. The siege was lifted after the "person behind the shooting" was arrested, the official said. The flareup in violence was rare for the Iraqi capital, which has seen clashes drop off dramatically since a sectarian conflict over a decade ago. http://www.thebaghdadpost.com/en/story/28525/Iraq-police-surround-Hezbollah-HQ-in-Baghdad-amid-armed-clashes
  5. Trading EOG and APA on the news Looks like oil stocks are ready to get a little bounce. I’m staying with West Texas Permian drillers, Xec, Eog, Apc, Cxo, Pxd, Fang, Rspp, PE, Eog is one of my favorite Permian Basin stocks.
  6. Iran and Iraq have been invited to a key meeting Thursday of OPEC and non-OPEC producers in Vienna to continue negotiations about the future of their supply cut agreement, Oman's oil minister said Wednesday. Iran remains adamantly opposed to calls by Saudi Arabia and Russia to raise output later this year. "We have a big cut, we want to make it smaller," Omani oil minister Mohammed al-Rumhy said on the sidelines of the OPEC International Seminar in Vienna. S&P Global Platts news feature: OPEC Influencers interactive chart Rumhy gave no details on possible cuts to quotas but said the group would examine over-compliance by certain members. "And then we have to take into consideration the over-supply from other sources like shale and the excess demand that is growing," he said. OPEC kingpin Saudi Arabia will chair Thursday's meeting, with Russia as an alternate chair. Ministers from Kuwait, Venezuela, Algeria and Oman will also take part. The meeting is a chance for key members to develop recommendations ahead of OPEC's biannual meeting Friday. The supply cut deal that took effect in January 2017 calls on OPEC and 10 non-OPEC partners, led by Russia, to make 1.8 million b/d in supply cuts through the end of 2018. Russia has proposed raising quotas by 1.5 million b/d for a few months, with a review after the peak summer demand season ends. Saudi Arabia appears on board with pulling back on quotas, but is said to want a smaller amount, perhaps 300,000-600,000 b/d, to fill any supply gap left by Venezuela's continued decline and US sanctions on Iran, as well as to ease concerns from US President Donald Trump, a key ally, on high oil prices. https://www.platts.com/latest-news/oil/vienna/opecnon-opec-coalition-to-discuss-reducing-overcompliance-26976999
  7. Crude oil prices recovered US inventory fell more than expected. The focus this week is undoubtedly the OPEC meeting in Vienna on June 22-23. the cartel members, together with some non-OPEC producers, would discuss the possibility of raising output. A Bloomberg report suggests that the producers are considering an increase in output by 0.3M- 0.6M bpd. Yet, Iran, Iraq and Venezuela signal that they might veto the proposal. EIA Weekly Inventory Report The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks climbed +0.19 mmb to 1208.16 mmb in the week ended June 15. Crude oil inventory fell -5.91 mmb (consensus: -1.9 mmb) to 426.53 mmb, as inventories decreased in ALL PADDs. PADD II saw inventory draw of -4.17 mmb Cushing stock slipped -1.3 mmb to 32.62 mmb. Utilization rate added +1% to 96.7%. Meanwhile, crude production steadied at 10.9M bpd for the week. - advertisement - Refined oil product inventories rose further. Gasoline inventory soared +3.28 mmb to 240.04 mmb as demand plunged -5.6% to 9.33M bpd. The market had anticipated a +0.19 mmb increase in stockpile. Production fell -3.37% to 10.1M bpd while imports rose +3.16% to 0.85M bpd during the week. Distillate inventory increased +2.72 mmb to 117.41 mmb. The market had anticipated a -0.16 mmb drop. This came in as a result of a -13.15% decline in demand to 3.83M bpd. Production gained +6.99% to 5.47M bpd while imports slumped -52.9% to 0.05M bpd during the week. Released after market close on Tuesday, the industry- sponsored API estimated that crude oil inventory dropped -1.9 mmb during the week. For refined oil products, gasoline stockpile rose +2.11 mmb while distillate added -0.75 mmb. https://www.actionforex.com/action-insight/oil-n-gold/105891-us-crude-inventory-fell-more-than-expected-all-eyes-on-opec-meeting-this-friday/
  8. Pitcher

    The Dinar card is ready to use you.

    Hot diggity dog, let’s put on my best suit and go to Paris. If a bunch of us crashed the meeting and told them we will invest in Iraq when they raise the rates maybe that will get their attention. At worst we warn all the suckers who are attending to hold onto their bucks until Iraq takes care of investors from 10 -15 years ago. Ha.
  9. Pitcher

    Adam Montana Weekly 20 June 2018

    Thug you make me laugh even when you aren’t trying. Thanks for that. Stressful day trading so far. A good lol is much appreciated. What made me laugh ( almost posted the movie clip from the Revenge of the Nerds, the part about beaver). Better judgement on posting prevailed. stangernan, nice, haven’t heard that song in 25 years. Now I can’t get it out of my mind. Haha
  10. Pitcher

    Adam Montana Weekly 20 June 2018

    A few months ago the news out of Iraq was very positive. Then came an upset election and Ramadan. I agree Adam this Ramadan did seem longer than usual. I’m hoping Iraq can get past the election acrimony, form their government and get back to the news of rebuilding their war torn country. What better way to get things rolling than to give the Dinar an increased rate and get those investment monies coming into Iraq. Thanks Adam for all you do to help. 🛎️ time to ring the bell.
  11. Yes I remember that case Synopsis President Trump should replace Sessions with an AG that will go after the law breaking Dems., HRC. And Congress should go after Deputy AG Rod Rosenstein for ignoring and slow walking over important information after it was subpoenaed. The DOJ-FBI cesspool needs to be exposed and prosecuted. Look up what Trey Gowdy said today in the IG hearings. He was right on the mark as usual. Also look up what Cummins said, yep usual, garbage!
  12. Take a hint, you ballot burners are not welcome.
  13. We have been getting ripped off by China for many many years. I don’t know why other Presidents, Congress, or our business leaders have allowed China to get away with stealing our manufacturing jobs and intellectual property. It’s nothing less than a redistribution of our wealth and prosperity to a foreign country. We import 500b of their products and they import around 100b from us. Do the math, that’s a 400b deficit annually. This kind of trade is not free, fair, sustainable or acceptable. If you want the good old USA to be an economic power in the future some things need to change with China’s trade practices real soon!! What I’m about to say next may not be correct but I’ll throw it out there. This is just my opinion and feel free to debate this or debunk it. It is my opinion that the Dinar revalue may be held up until Trump gets better trade agreements with China, Europe, Mexico, and Canada. He doesn’t want all this new money floating around the world without the US being a main beneficiary of this event. I believe the tax cut was also a big part of his plan. I know this will infuriate some of the liberals on this board but President Trump has an economic plan for America unlike the last few Presidents. Like any plan, the devil is in the details and execution is a b***ch Here is the tough part. President Trump is playing chicken with China on trade issues and an escalating, t*t for tat prolonged trade war could be very painful. He is also getting blowback from our traditional Allies in Europe and North America. For all you who have a boatload of money exposed to market conditions you need to be aware that our stocks are near all time highs. We have been in a trading range for the last 4.5 months. I’ve been watching it very closely and I can tell you the Markets hate uncertainty and are reacting very negatively to this lastest round of trade tariffs. Our markets are down about 1.5% the last few days while China’s is down closer to 5%. Just keep an eye on the S&P. If it breaks below the 200 moving average you may need to take some precautions. This may be like a Rocky movie before it’s all finished. BTW, my money is on the USA!! Do you think Trump would put us in a battle if we didn’t have an advantage. I’ve said it before and I’ll say it again. China needs us more than we need them.
  14. There is a "much bigger issue" for the market than concerns about trade, investing expert Richard Bernstein told CNBC on Tuesday. In fact, over the last three to four months, almost every sizeable market sell-off has come from pro-inflation policies out of Washington, D.C., the CEO and chief investment officer of Richard Bernstein Advisors said. "There is a major sea change going on in the backdrop where we're going from a disinflationary environment to an inflationary environment," Bernstein said on "Closing Bell." "We have tight labor markets, we have tight product markets because the economy is strong. We just got tax cuts on top of that. We're now getting fiscal spending," he added. In addition, there are trade issues and immigration restrictions in play now. "They are all pro-inflation policies and that's the big issue in the background here," said Bernstein. U.S. stocks dropped Tuesday as fears of a trade war increased. The Dow Jones industrial average tumbled 287.26 points to close at 24,700.21, erasing all of its gains for the year. The action came after President Donald Trump said late Monday that he asked the United States trade representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. Beijing has pledged to fight back. It was the latest salvo in escalating trade tensions with China. On Friday, the U.S. announced a 25 percent tariff on up to $50 billion of Chinese products. The Asian nation then said it would slap retaliatory tariffs on $34 billion worth of U.S. goods. Stocks close lower on trade concerns 1 Hour Ago | 03:34 James Bianco, president of Bianco Research, told "Closing Bell" that right now the markets are suggesting that the U.S. is going to win any protracted trade war. That's because the U.S. stock market drop wasn't as large as the one in China, he said. On Tuesday, the S&P 500 closed down 0.40 percent, while the Shanghai composite fell 3.82 percent. And while there is the "nuclear option" of the Chinese deciding to sell their U.S. Treasurys or devalue their currency, neither one of those markets are acting like that's a viable option right now, he said. "For the moment, the president seems to have all of the cards and the Chinese are trying to play along," Bianco noted. Earlier in the day, Goldman Sachs CEO Lloyd Blankfein weighed in at a luncheon interview at the Economic Club of New York, saying he didn't think the two countries would mutually destroy their economies. "I don't think we're in a suicide pact on this," Blankfein said. https://www.cnbc.com/2018/06/19/there-is-a-much-bigger-issue-for-the-market-than-trade-analyst.html
  15. Investors shouldn't overreact to the back-and-forth trade retaliation announcements between the U.S. and China, according to top market veterans. Several of the most successful investors in the world predicted the two economic superpowers will eventually reach a deal after some short-term saber rattling. Trade tensions with China rose to new highs Monday when President Donald Trump instructed the U.S. trade representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. Warren Buffett and Jamie Dimon on the US economy 8:39 AM ET Thu, 7 June 2018 | 06:40 The move sparked a nearly 300-point decline in the Dow Jones industrial average on Tuesday due to trade war fears. But billionaire Paul Tudor Jones, the hedge fund manager who called the October 1987 crash, downplayed the possibility of a trade war last week. "I would call it more of a trade irritant than a real trade problem," Jones told CNBC in a "Squawk Box" interview with Andrew Ross Sorkin on June 12. "You have to put things in perspective, right? If we just look at our four biggest trading partners they have a simple weighted average tariff of about 6 percent, we have one of 3½ percent. So there is a 2½ percent gap in unfairness." The investor said if Trump is trying to "normalize the tariffs" to match our trading partners, the market impact will be limited. Instead Jones actually predicted the stock market could go "crazy" to the upside into the end of the year. He noted that he is closely watching the situation in case his assessment is incorrect and the trade conflict becomes something much worse. In similar fashion, CNBC's Jim Cramer said Tuesday that he's not worried yet about the escalating trade conflict between the U.S. and China. "Right now, this is not serious," he said on "Squawk on the Street." "I'm waiting for something serious to hit my way." Goldman Sachs CEO Lloyd Blankfein agreed the blustery trade rhetoric will not lead to financial disaster. "I don't think we're in a suicide pact on this. So I suspect that we're not going to cause the economies to collapse," he said Tuesday at the Economic Club of New York. "This is part of a negotiating pattern." Perhaps the most successful investor in history also said the two countries will find an acceptable compromise. Last month, Warren Buffett said he was optimistic the U.S. and China will avoid a serious trade conflict because countries eventually do what it is in their best economic interests. "I don't think either country will dig themselves into something that precipitates and continues any kind of real trade war," he said at the Berkshire Hathaway 2018 annual shareholders meeting on May 5. "There will be some back and forth, but in the end I don't think we'll come out with a terrible answer on it … [Trade] benefits are huge and the world's dependent on it in a major way for its progress that two intelligent countries [won't] do something extremely foolish." https://www.cnbc.com/2018/06/19/investors-including-buffett-tudor-jones-arent-worried-about-china-trade-war.html
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