Tyb
Kek
That took so long and totally not triggered /s
It’s always that way you phaggits glow hard
Kiss muh ass script reader
Ask me if I care next
Wait until NYMEX opens
It got whacked last week because COMEX raised margin requirements 3 times.
All the spec chasing momo chasing traders had to put up or get out.
https://marketsanity.com/craig-hemke-silver-squeezing-the-bigs/
Oil Climbs as Geopolitical Tensions Rise Ahead of OPEC+ Meeting
(Mebby that rather LARGE head and shoulders on the 6 month chart might gibs you a clue-barring moar additional production cuts-its ded)
Oil rose as tensions in the Middle East ratcheted higher following the death of an Egyptian soldier during a clash with Israeli troops. West Texas Intermediate climbed about 1% from Friday’s close toward $79 a barrel, with no settlement on Monday due to a US holiday, while Brent traded near $83. Egypt’s military confirmed that a border guard died at the Rafah crossing into Gaza on Monday, which could escalate tensions with Israel.
Oil has risen this year on persistent geopolitical risks and OPEC+’s roughly 2 million barrels a day of output cuts, which the group is expected to prolong into the second half of the year at a meeting on Sunday. Prices have dipped since early April on disappointing demand from Asia, causing Brent’s prompt spread to get close to a bearish contango structure that indicates supply is increasing relative to consumption.
Investors will also be looking for signs of US fuel demand data after the Memorial Day holiday, which traditionally marks the start of the summer driving season.
https://www.bloomberg.com/news/articles/2024-05-27/latest-oil-market-news-and-analysis-for-may-28
https://tradingeconomics.com/commodity/crude-oil
OPEC heavyweights are cheating on their targets
The organisation of the Petroleum Exporting Countries (opec) and its allies, a group that produces 40% of the world’s crude, wants to keep oil prices high and stable. Lately they have certainly been stable, even if not that high. Despite the recent death of Iran’s president and the escalating war in Gaza, prices of Brent crude, the global benchmark, have stayed within $2 of $82 a barrel since the start of May. Part of the reason why opec is failing to keep prices high is because its members are failing to keep to their output targets. In March the group’s leaders and Russia extended production cuts, vowing a reduction of 2.2m barrels a day (b/d), or 2% of global supply, until the end of June, on top of 3.7m b/d of previously agreed cuts for 2024. Yet the cartel is now overproducing so much that its daily output in 2024 is little changed from the last quarter of 2023. This will create tensions when members get together to decide their strategy at opec’s ministerial meeting on June 2nd.
https://www.economist.com/finance-and-economics/2024/05/27/opec-heavyweights-are-cheating-on-their-targets
Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says
(It is a testament to the stupidity of retail investors that they still give money to thus dude…all you need to do is buy the individual equities and no management fee, delta slip etc…these are the financial equivalent of cancer and do is “Cathie”-still think it’s a dude)
Cathie Wood's Ark Invest has destroyed an estimated $14.3 billion in wealth over the past decade, according to a recent Morningstar analysis. Ark Invest was all the rage in 2020 and 2021, when its concentrated bets on highly speculative technology companies paid off in a big way thanks to low interest rates and a boom in risk appetite among retail investors.
Ark's flagship innovation ETF, ARKK, soared nearly 150% in 2020, and that massive outperformance helped drive a surge of inflows into its funds right near its peak. The firm attracted nearly $30 billion in assets in 2020 and 2021, which were then decimated during the 2022 bear market when its flagship fund plunged 67%.
The ARKK ETF destroyed $7.1 billion in wealth, while its healthcare-focused ARK Genomic ETF destroyed $4.2 billion in wealth, according to Morningstar. Across all fund families that have destroyed wealth over the past decade, Ark Invest topped the list — and its losses were more than double the next firm on the list. What's striking is that Ark's massive wealth destruction occurred during a favorable time for the stock market.
"These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said.
The ARKK ETF has generated a total positive return of 121.8% since its inception in 2014, which is less than half the Nasdaq 100's gain of 329.5% over the same time period. Meanwhile, the ARKK ETF is still down 71% from its record high.
Despite the massive wealth destruction, ARK Invest as a business is doing just fine. The investment company still has more than $13 billion in assets across its suite of ETFs, signaling that not all investors have abandoned Wood's investment strategy.
But in an investment world that is shifting to valuing profits over growth, it is unclear when Ark Invest's investment strategy might pay off again for investors.
The firm's top holdings currently include Coinbase, Tesla, Roku, and Zoom Video, all of which have had a rough start to 2024.
https://finance.yahoo.com/news/cathie-woods-ark-invest-destroyed-223315637.html
Another statement from the KING of bullshit.
Spam gets deleted and if you connect your id to a posted story along with spam guess who’s fault that is?
5 uses of “I” in one post
Always FOS
Sure statement KING whatever you say cuz that’s all there is with you.
Do you have additional projections you’d like to make up?
Cuz if you don’t go ahead and crawl back over to that cubicle and GFY
Lubs it!!!