(VIDEO) US Dollar Plunges, Oil Rebounds, Crypto Attack, Fed. MBS Scheme. By Gregory Mannarino
In the video below, I discuss today's price action with regard to US dollar as it falls under more pressure.
Today crude oil is rebounding, up more than 2% as I am posting this article.
I also go into detail with regard to the federal reserves mortgage back securities scheme, and why is no one else talking about this?
Do not miss this video.
Gregory Mannarino @marketreport
Thank you Greg
I'm sure I say in my sleep; become your own Central Bank, labor Force participation rate, Baltic dry index . . . Thanks Gregg
Greg, keep up the good vlogs. I agree with you 100% on the Fed manipulations. Think this year will the be most profitable year ever for the Federal Reserve. As a fellow trader, while I am not a conspiracy guy, I do pride myself for being on the right side of trade. Since joining Steemit and discovering you, my trading has improved. Keep up the good work. upvoted and resteemed.
the fed is a crook.
I look forward to watching your videos every day. Thank you for putting in the time.
Keep up the excellent work.
Oil is rising. The dollar is diving. Cripto is being manipulated. The Fed wants to unload their balance sheet. What are they not telling us. I SMELL A RAT!!!!
100% Correct.
I feel "relieved" that I opted "all out" of both SLV long trades I logged in at my blog,Greg. Generated a 40% gain in my SLV 7/6 $16 calls and a 75% gain in my longer term July 21st expiry $16 strike calls. I see you are still down on your Sept expiry SLV calls. But I have great "confidence" in your ability to pull out a gain...being teh "self proclaimed" professional trader you are and everything. Oh, thanks for stopping by and flaggin another one of my spews today. Always nice of you to stop by and I certainly hope you will continue to stop by...just so you can see how eeeasy this trading crap is. :-)
Why are you so silent on crypto..... its total market capitalization has drop from over 115 billion dollars to now 89 billion USD.... why are you not highlighting the ethereum fiasco...... over 9 billion USD lost in market cap over the last 72 hrs
Did you watch this video?
Yes I watch the video, I feel you should highlight its not an attack on crypto.... its the free market at work, when there is so much deficiencies cooked up in product it manifest itself..... don't take it as an attack on your work, I just feel you should call it out.... there is to much nonsense with ridiculous value and everyone is encouraging folks to go buy its a red day...bots now have 100 million market cap valuation and trading among top 20 crypto, this madness needs to correct itself
I think it is an attack, a shakeout, similar to what they are doing to gold/silver. Just awful.
I think we need to be on both sides of these coins, both the buying/selling end, ride these waves and also using these currencies for pragmatic purchasing. Also on the mining side:
http://www.cnbc.com/2017/06/27/nvidia-to-launch-graphics-cards-specifically-designed-for-digital-currency-mining.html
Cryptocurrency mining is also where we should be placing our investments as well.
Yes Greg. In fact, if u noticed,the shake down is taking place EXACTLY the same time the major global banks are announcing they are adopting and regulating cryptos. They already have a hand in it early and whenever banks want to own and control a certain currency, they make SURE that currency is driven down to nothingness so that everyone can own something that's worth nothing, like the dollar.
I perfect get you, and I understand where you are coming from..... I love crypto and i certainly want it to become mainstream but we have one crypto with over 1 Billion market cap that trading consistently in the TOP10. I tried downloading it and using it and it does not even work. I decided to research online and get users feed back and its the same, it does not work. I check their website and they are saying issues with nodes. Since the launch they having the same issues. This madness needs correction, people needs to call them out, because folks would read of the script TOP20 must buy and when these guys decide game over and cash in, it gonna just end badly. Once again not an criticizing your work, I enjoy your timely updates but call out the BS with some of these coins.
Nvidia graphics cards and other manufacturers are in demand because of cryptomining. Also demand for supercomputer space rental is something that will increase, get creative with this stuff. Friends have told me about oil drilling in ND and MT being a aimilar enviroment, many jimmy riggers trying to scrap together a working plan not always well thought out.
I did. I didn't realize both GLD and SLV were both up as you posted this. Now both down? Any ideas? Advice? Hold the line? I'll make the adjustment to the UA trade (I thunk you straddled) so that anyone who wants to check can have an idea of what the contracts traded for at the time you put the trade up. Good luck with UA, good luck with USO too. :-) See, I'm not picking on you. I'm asking resonable questions that someone following you via your trades (your true measure of success) would do it? Will you let us know when you take the hedge in UA via your blog...or via a post here at steemit? And why did you log the UA trade as a call trade when you have it showing as a straddle at your web blog? Color me >>> Confused! :-)
https://www.traderschoice.net/money-page--stock-picks.html
It "might be" a good idea to just delete the entire part where you say >>> "Each position at teh right should be opened as a straddle....." Just a suggestion of course. I'm trying to make things easier for you I guess.
joe - the carry trade for gold/SLV/GLD is the USD/JPY; it is nothing to do with the DXY. Look at the chart below I have just done. It shows gold is THE carry trade for the USDJPY; they simply mirror each other.
It only looks that way right now but then if that is the case ...using "logic"...if Greg agrees with your opinion then he should be closing both his GLD and SLV longs right now or hedging them...since he already admitted (altho I'm sure not all here knew) that he closed out the short sides of those trades. I'll just let Greg say what he wants to clarify things and I wouldn't be surprised if he doesn't reply or address it at all. It's a very difficult conundrum to figgr out. I have my opinions logged at my blog btw. I don't bring my trash to Greg's place becuase most of the time Greg's trash is my next great trade. :-)
look, looks like oil is rebounding, just like you said! They won't let oil crash.
Thanks Greg for your continued videos! How about paper gold and silver dumping again? They will stop at nothing... Hope the end is near! Long time coming.