We started out last night, at 6pm, with the Dow Futures right at 15,000, flat to Friday's close. However, MIRACULOUSLY, by Asia's close at 4am, we were back to 15,130 (Friday's high) and you have to be high if you could read the weekend headlines we were going over in early morning Member Chat and thought that kind of move was justified! We concluded that oil futures (/CL) would be the best short at a ridiculous $98.50 so we called that line and, already, less than two hours later (8:17), we're back at the $98 line with $500 per contract profits! Maybe we should just take the rest of the week off and quit while we're ahead.
We're very happy to take the quick Egg McMuffin money in the mornings as we already have proper bearish bets on oil via USO and SCO positions we took in our virtual Short-Term Portfolio. Hopefully we'll crack back through $98 to $97.50 and lower as the pressure mounts on the NYMEX pump crew to unload the last of their 110M barrels worth of fake orders (down from 350M earlier in the month) before Thursday comes along and they would actually have to take delivery (which would increase US inventories and our energy security so the people faking orders at the NYMEX and then cancelling the contracts with no intention of buying oil are actually sort of terrorists).
No drones, however, will be sent to stop this scam as the multi-Billion dollar oil and banking cartel is behind it and every extra penny they can squeeze out of you at the pump is multiplied by 378 Million gallons a day in the US and 1.5Bn gallons Word-Wide so it's worth $150M for each dime and $1.5Bn for each dollar the NYMEX traders can con out of the American people and that's why you see an order strip that looks like this (one contract is 1,000 barrels) with just 3 days until July trading ends:
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