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RE: (VIDEO) Very Important Updates: Stocks, Bitcoin, Bonds, US Dollar, MORE. By Gregory Mannarino

in #money8 years ago

Haha Greg buddy you don't get any downtime the pride needs to hunt baby!! Lol, you don't get to eat humble pie either, I'm a reasonable bright spark and I recognise intelligence when I see it, and you are definitely switched the F on.

Let's talk markets; oil, Saudi Arabia and US seems to be heating up a hostile situation with Qatar and Iran, we could see a big news story, conflict, oil will skyrocket up to the high in it's current trading band. If this plays out I would monitor the spike but take half profits at $54. This would also be a double play on gold because it satisfies two criteria gold loves a)higher energy price, mining is more expensive, gold price goes up b)global turmoil war/safe haven. That's my trading idea. I would NOT short oil presently based on the above possibility and also as Greg points out, there are powerful people in charge that will want to use the oil price to fuel the stock market. The risk reward on oil clearly favours a move up IMHO.