Member Info for Larry_Livingston

Https://oilprice.com/Latest-Energy-News/World-News/US-Sanctions-Two-Tanker-Owners-For-Breaching-The-Russian-Oil-Price-Cap.html

Well hello 27 it’s good to see you again, Nomad1 it was only last month we were talking about it but who knew miracles will come this soon. I’m not complaining about it are you :-)

Https://www.proactiveinvestors.co.uk/companies/news/1028934/shell-reports-improved-earnings-from-gas-trading-in-third-quarter-1028934.html

Https://uk.investing.com/news/commodities-news/oil-tumbles-on-risk-aversion-as-q4-starts-bulls-look-to-opec-3175627

Hi Ggp interesting thoughts on the debt per capita but no if the Republicans have their way, they’ve been moving migrants to Democrats held areas since Biden became President.

Without the Dollar hegemony, would anybody be trading in Dollars with that much debt in the first place I wonder.

New Day and new Month starts tomorrow so let’s see what the SP holds for us!

Https://oilprice.com/Energy/Crude-Oil/Saud-Arabias-Oil-Gamble-Pays-Off-With-95-Brent.html

Hi Ggp thank you and good afternoon to you, I agree and it seems only the US get away with it with over $30T (that’s with a T) in debt and only Fitch downgrade it in August (only the second time in history after S&P downgrade in 2011). I don’t think any other country will get away with it for this long, do you remember the Euro debt crisis in 2010.

On Opec+ meeting I just found this article “all rumours and whispers”, I think they will stick to the current cuts at moment but I could be wrong cos i’ve been wrong b4. So let’s see what Wednesday brings.

https://uk.investing.com/news/commodities-news/opec-panel-unlikely-to-tweak-oil-policy-at-weds-meeting--sources-3173395

Hi Ggp I just heard on the news that the Spending Bill has just passed the house for a 45 days extension bill and now moves to the Senate. So hopefully it will be signed in time and there won’t be a shutdown and a panic in the Market on Monday.

Also thank you for the article, I look forward to Wednesday to hear what Opec+ decides.

Https://uk.investing.com/news/commodities-news/oil-rises-on-us-crude-draws-tight-global-supply-3170573

Https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-May-Start-Unwinding-Its-Production-Cuts-Sooner-Than-Expected.html

Russia tweaking the ban and creating more loopholes, I guess cutting off the hand that feeds you is not a good idea.

https://uk.investing.com/news/commodities-news/russia-makes-minor-tweaks-to-its-fuel-export-ban-3165881

Hi Ggp thank you, exactly my thoughts and wanted to share the interesting articles asap when I saw them earlier. Us PIs need all the good info we could find to make an informed decisions for risking our own money.

Yes I agree your thoughts on Recession that’s how it looks to me too but I hope i’m wrong. Yes the US election is only just over a year away now (05/11/2023),and I wonder how Opec+ will act if OP are still who ever wins.

The De-Dollarisation is an interesting subject indeed and it wouldn’t have happened if Richard Nixon didn’t make a deal with the house of Sauds in 1974-75 and guaranteed their security instead of using a basket of major currencies which would have been still in use now if it didn’t happen. And to me it would be still useful since commodities are international thing.

Https://uk.investing.com/analysis/which-countries-are-most-vulnerable-to-100-per-barrel-oil-200589935

I hope they’re wrong to me that would certainly confirm a Recession, because oil prices that high would lead to higher Inflation, increasing Interest rate and tightening credit market that will have longer impact on the economy.

https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html

Oil net long contracts

https://www.ft.com/content/bb1ac712-2f58-4eb8-bf87-a372ceedd07e

I hope we have a mild winter like last year too, to lower the energy bills.

https://oilprice.com/Latest-Energy-News/World-News/Europes-Natural-Gas-Prices-Fall-After-Australian-LNG-Strikes-End.html

I guess that’s why the old saying ‘the enemy of my enemy is my friend’ is true.

https://uk.investing.com/analysis/oil-will-putin-be-second-time-lucky-weaponizing-global-supply-200589939

Article about De-dollarization:-

https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization

Https://www.cnbc.com/2023/09/22/russias-indefinite-ban-on-fuel-exports-could-worsen-a-global-shortage.html

Https://www.thisismoney.co.uk/money/investing/article-12528171/If-sold-shares-buy-today-HAMISH-MCRAE-stock-market-rise.html

An interesting article, I guess this partially explains why the FTSE 100 has lagging behind against other major indexes and easily influenced by the 56% foreign ownership of UK quoted shares.

Can't pension funds back Britain? A generation ago they owned half the UK quoted market, says HAMISH MCRAE:-

https://www.thisismoney.co.uk/money/comment/article-11766249/HAMISH-MCRAE-pension-funds-Britain.html

Miracles can happen but b4 my blind hopes takes hold of me, I like to watch for the momentum so I just let the SP to show me where it wants to go (the path of least resistance) using my own price targets/pointers/guide.

To me first the Sp will have to close above my following price targets if the momentum it’s upwards but I don’t expect in a straight line.

1st - the highest closing price this year 2604.50 made on 02/03/2023 then retreating to 2200.50 on 24/03/2023.

2nd - the old B’s all-time high closing price 2841 made on 21/05/2018 (intra-day High 2843, Low 2803).

So I’ll just let the SP to tell me where it wants to go and see if it’s upwards using my price targets. Let’s see what the follow-ups holds. IMHO