Popular Post Adam Montana Posted January 9, 2019 Popular Post Report Share Posted January 9, 2019 Good afternoon everyone! We’re off and running into the new year, and I’ll repeat a bit of what I said last week… I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance to see some 💥💥 this year! Read on... I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. This morning I stopped for fuel and my total bill, with a big bottle of Fiji water and a loaf of bread, was a whopping $50. I actually asked the clerk to double check my pump number... FIFTY dollars? I know my Fiji water didn't go down in price, and I didn't stop the pump early! The lady laughed and informed me the price per gallon is currently around $2, which is ten cents higher than it was last week. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past... because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. The good and bad news is this - there are actions being taken to get the price of oil back up. Check out this page: Now, think about this little tidbit... you may have noticed at the very top of that page that Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there, innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again... game on! While we wait, be sure to get in the Weekly Powerball Pool! Cheers everyone. - Adam **** Follow up on a post from last week: If $60 is considered "Red Zone", I'd call that the 20 yard line. $70+ is the 5 yard line. If you're picking up what I'm putting down here, both of those are one play away from a touchdown. 4 12 15 Quote Link to comment Share on other sites More sharing options...
umbertino Posted January 9, 2019 Report Share Posted January 9, 2019 Thanks Adam Sorry ....I ran out of pluses (as usual) 7 Quote Link to comment Share on other sites More sharing options...
colts469 Posted January 9, 2019 Report Share Posted January 9, 2019 💪💰👌👍🏻 3 1 Quote Link to comment Share on other sites More sharing options...
Desertmedic2009 Posted January 9, 2019 Report Share Posted January 9, 2019 NICE! Thanks Adam! and Mods! Gas here in MS is 1.76/gal 4 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted January 9, 2019 Report Share Posted January 9, 2019 Thank you Adam!!!!!! I went long some of my favorite oil stocks 2 days ago. 1 6 Quote Link to comment Share on other sites More sharing options...
nannab Posted January 9, 2019 Report Share Posted January 9, 2019 Yup yup Thank you Mr. Adam 14 minutes ago, umbertino said: Thanks Adam Sorry ....I ran out of pluses (as usual) Umbertino I gave you one to give 1 3 Quote Link to comment Share on other sites More sharing options...
heather62 Posted January 9, 2019 Report Share Posted January 9, 2019 so ready 1 1 5 Quote Link to comment Share on other sites More sharing options...
chris smith Posted January 9, 2019 Report Share Posted January 9, 2019 i know this may seem odd, as president trump is negotiating bi lateral deals he has to get market share though deals and push oil lower to show we have control of oil price and help our own bussiness and consumer to bring jobs that comes with lower oil ,once that has showing promise then let prices rise slowly ,but lower controlled oil price by president trump will force iraq to rv and play ball with president trump as they need another source of income than just from oil through the rv of money and that is art of deal !! go rv! and president trump!!! 4 2 1 7 4 Quote Link to comment Share on other sites More sharing options...
wc41 Posted January 9, 2019 Report Share Posted January 9, 2019 Sounds solid! What was it somebody once said; "You cant make this stuff up?!?!" I love the seeing this from the inside out, leftways, sideways, topside down..... staring truth eyeball to eyeball!!! Thankyou Adam! 6 Quote Link to comment Share on other sites More sharing options...
BKD Posted January 9, 2019 Report Share Posted January 9, 2019 Thanks Adam, thoughtful news on the price of oil. 2019 does look promising. 2 4 Quote Link to comment Share on other sites More sharing options...
normala rashid Posted January 9, 2019 Report Share Posted January 9, 2019 iraq is good implement now. the best time to entering the market oil and trade 🤗. I dont know if we need to wait oil fall and up agains. 1 6 Quote Link to comment Share on other sites More sharing options...
cross5 Posted January 9, 2019 Report Share Posted January 9, 2019 Hopefully 2019 will be our year. We will see what hits first dinar or a new all time high for crypto. 6 Quote Link to comment Share on other sites More sharing options...
SideshowChad Posted January 9, 2019 Report Share Posted January 9, 2019 im ready adam, lets gooooo 1 1 2 Quote Link to comment Share on other sites More sharing options...
jimbarnhardt Posted January 9, 2019 Report Share Posted January 9, 2019 Thanks Adam - Always look forward to your responses here and when they highlight them on other sites. Still doing what I need to do as if this were not to happen for another 10 years (oh hell I hope not!!) Let's get this RV/RI, whatever, DONE!!!!!!! Go RV!! 1 5 Quote Link to comment Share on other sites More sharing options...
klm34 Posted January 9, 2019 Report Share Posted January 9, 2019 Sounds very promising!!!!! 5 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 9, 2019 Report Share Posted January 9, 2019 SUDDENLY Thanks Adam 5 2 6 Quote Link to comment Share on other sites More sharing options...
watchmedude Posted January 10, 2019 Report Share Posted January 10, 2019 thanks Adam 5 Quote Link to comment Share on other sites More sharing options...
SK75 Posted January 10, 2019 Report Share Posted January 10, 2019 Thank's Adam , Happy New Year to all Vets , this is our year !! 1 1 4 Quote Link to comment Share on other sites More sharing options...
Protandim Posted January 10, 2019 Report Share Posted January 10, 2019 I would like more information from the Iraq Banks and get a statement from them on the RV? Please help!!! 2 Quote Link to comment Share on other sites More sharing options...
A.M. Posted January 10, 2019 Report Share Posted January 10, 2019 Thanks A.M. 1 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 10, 2019 Report Share Posted January 10, 2019 Great post and explanation. I would bite that bullet to cash out BIG. 1 8 Quote Link to comment Share on other sites More sharing options...
renomac Posted January 10, 2019 Report Share Posted January 10, 2019 1 hour ago, chris smith said: i know this may seem odd, as president trump is negotiating bi lateral deals he has to get market share though deals and push oil lower to show we have control of oil price and help our own bussiness and consumer to bring jobs that comes with lower oil ,once that has showing promise then let prices rise slowly ,but lower controlled oil price by president trump will force iraq to rv and play ball with president trump as they need another source of income than just from oil through the rv of money and that is art of deal !! go rv! and president trump!!! Chris, YOU are Exactly RIGHT ! ! God Bless renomac 1 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted January 10, 2019 Report Share Posted January 10, 2019 WOWZERS!!! Thank You For The Up Beat AND Encouraging Post, Adam, AND The Best Of The Rest Of Your Week AND Up Coming Week To You!!! Crude Oil futures have nominally risen $5/barrel in ABOUT ONE (1) WEEK!!! http://quotes.ino.com/charting/?s=NYMEX_CL.G19 At THIS rate, we have LESS THAN four (4) weeks to go to top $70/barrel crude oil!!! 50 Day Moving Average: http://quotes.ino.com/charting/index.html?s=NYMEX_CL.G19&t=&a=&w=&v=dmax 100 Day Moving Average: http://quotes.ino.com/charting/index.html?s=NYMEX_CL.G19&v=dmax&t=l&a=100&w=1 200 Day Moving Average: http://quotes.ino.com/charting/index.html?s=NYMEX_CL.G19&v=dmax&t=l&a=200&w=1 So the 50 day average is about $51/barrel, the 100 day average is about $60/barrel, AND the 200 day average is about $63/barrel!!! If I remember right, the 2018 budget was based on $46/barrel whereas the current 2019 budget is based on $56/barrel. I find it EXTREMELY interesting the crude oil futures took a nose dive on October 1, 2018 AND are NOW rocketing since January 1, 2019!!! Kwinkie Dinkie for one (1) full quarter???!!! Looks AWFUL funny!!! Could be somethin'. Could be nothin'. In The Mean Time.......................................................................... DV Cruise, er, Pirate Ship Here WE Come .................................... AND................................................................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! 1 4 1 Quote Link to comment Share on other sites More sharing options...
Linda Posted January 10, 2019 Report Share Posted January 10, 2019 Wow! Two dollars would be nice! We are at $3.00 here on the 'left' coast. 😱 Of course if we could take our state gov and fire them all...well that is another subject. Thanks Adam for the update. It is appreciated. 6 Quote Link to comment Share on other sites More sharing options...
keylime Posted January 10, 2019 Report Share Posted January 10, 2019 I'm not convinced oil prices are a trigger. Oil was screaming over 90 a couple years ago and nada with the RV. Although, pointing out Iraq not participating in the OPEC limitations is interesting. But time will tell. 4 Quote Link to comment Share on other sites More sharing options...
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