"The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."
"The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."
A paradigm shift indeed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."
"The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."
A paradigm shift indeed.
Nicely worded summation, except for the most important fact....These were not "low-cost drones" that you can be easily obtained, but sophisticated ones with extended range of several hundred miles and able to carry a substantial payload.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
"The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."
"The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."
A paradigm shift indeed.
Nicely worded summation, except for the most important fact....These were not "low-cost drones" that you can be easily obtained, but sophisticated ones with extended range of several hundred miles and able to carry a substantial payload.
The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."
Whatever their cost, they are certainly much cheaper than most alternative weapons needed to accomplish the same task.
At the moment the source of the attack remains speculation and it is believed that the Houthis are not responsible.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."
Again, none of those have the range that was needed to strike the Saudi oil fields ( several hundred miles), nor can they carry the payload that was used. These were sophisticated drones and not your $1k-$10k ones. My guess....if you include the cost of the missiles that were fired from the drones..$350k+ All of this is pure speculation on my part, just like the excerpt is from the article that was posted
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@MsMorrisine said:
Gotta be a cruise missile or someone who has the ability to remotely control a drone from hundreds of miles.
If you know from where they originated, give Donald a tweet.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Actually, sold all 10,000 ounces last night at a slight profit. It might have farther to run, but I wanted out before the FED acts this week which could also create a big move in either direction.
I think there will be retribution at the time & place of tptb's choosing. When that does happen, you can be assured that the computers will kick in, instantly. Playing the trading game in this environment is playing directly with the big boys.
I think the key variant in this scenario is, as mentioned - the ratcheting up of asymmetric warfare. More uncertainty. At some point, there will be a counterattack. Position yourself accordingly. Or play the long game and don't worry as much.
Q: Are You Printing Money? Bernanke: Not Literally
I'm surprised at the subdued responses this time around. Had this happened in 2011, half the posters would have said..."load up the truck...mortgage the house" etc. History lesson well learned by most old timers.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@MsMorrisine said:
new news: oil flow can be restored faster than previously reported.
back up the dump truck!
LOL. Well, they originally said Monday, so it's a moving target.
It really looks to me like gold and silver want to drop significantly. Time will tell.
Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@MsMorrisine said:
new news: oil flow can be restored faster than previously reported.
back up the dump truck!
LOL. Well, they originally said Monday, so it's a moving target.
It really looks to me like gold and silver want to drop significantly. Time will tell.
Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.
No, doesn't surprise me today. It's the setup to the FED.
@MsMorrisine said:
new news: oil flow can be restored faster than previously reported.
back up the dump truck!
LOL. Well, they originally said Monday, so it's a moving target.
It really looks to me like gold and silver want to drop significantly. Time will tell.
Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.
No, doesn't surprise me today. It's the setup to the FED.
It just came one day later then expected.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@MsMorrisine said:
new news: oil flow can be restored faster than previously reported.
back up the dump truck!
LOL. Well, they originally said Monday, so it's a moving target.
It really looks to me like gold and silver want to drop significantly. Time will tell.
Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.
No, doesn't surprise me today. It's the setup to the FED.
It just came one day later then expected.
Well, today was/is the Fed day all along. That's why I really wanted out of my position before today. [Thank GOD!]
keep to gold and silver to get some futures experience
hypothetically you would have had stop loss orders in for today and hope for no powerful price dislocation
now had you been short on friday and it dislocated up on sunday night you would have been killed. had you a stop loss market order in you would have eaten it. Had it been a limit order you would have needed consoling up until it hit that limit on the downside move. then you would have needed more consoling today for having the stop limit trigger and your short turning profitable today.
it's all a roller coaster. ride magic mountain before you get on the corkscrew roller coaster. prepare yourself for a move against you like it did for some shorts on Sunday night.
and pay better attention to market moving news days and times.
do you know when the open outcry trading begins and ends?
Comments
gold is a disappointment
Reads like A Facebook tale. What'd ya have for breakfast ?
Cereal.
How bout you?
What? No picture.
Sold 3000 Oz of physical last week, for a bowl of oatmeal today.
Makes you wonder how far down it would have gone today without the boost. I think it really wants to correct lower.
LOL. How many thousand ounces for a hamburger today?
An ounce of gold for a loaf of bread.
If I really had stones, I'd pick a price point and short oil. There's been a glut on the market and this price burst is probably not sustainable.
well, shipping is down - so I read.
I knew it would happen.
yet (magic word)
The Black Swan Is a Drone
"The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."
"The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."
A paradigm shift indeed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Nicely worded summation, except for the most important fact....These were not "low-cost drones" that you can be easily obtained, but sophisticated ones with extended range of several hundred miles and able to carry a substantial payload.
The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."
Whatever their cost, they are certainly much cheaper than most alternative weapons needed to accomplish the same task.
At the moment the source of the attack remains speculation and it is believed that the Houthis are not responsible.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Blame it on Rio.
Knowledge is the enemy of fear
You have Rio's number?
"The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."
Again, none of those have the range that was needed to strike the Saudi oil fields ( several hundred miles), nor can they carry the payload that was used. These were sophisticated drones and not your $1k-$10k ones. My guess....if you include the cost of the missiles that were fired from the drones..$350k+ All of this is pure speculation on my part, just like the excerpt is from the article that was posted
Gotta be a cruise missile or someone who has the ability to remotely control a drone from hundreds of miles.
867-5309
Knowledge is the enemy of fear
If you know from where they originated, give Donald a tweet.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
867-5309
I tried to call, but I lost my nerve.....
If you know from where they originated, give Donald a tweet.
I'm sure that the high res cameras in space will tell the story.
I knew it would happen.
I'm officially eliminating a close range attack due to the difficulty of escaping.
Actually, sold all 10,000 ounces last night at a slight profit. It might have farther to run, but I wanted out before the FED acts this week which could also create a big move in either direction.
I think there will be retribution at the time & place of tptb's choosing. When that does happen, you can be assured that the computers will kick in, instantly. Playing the trading game in this environment is playing directly with the big boys.
I think the key variant in this scenario is, as mentioned - the ratcheting up of asymmetric warfare. More uncertainty. At some point, there will be a counterattack. Position yourself accordingly. Or play the long game and don't worry as much.
I knew it would happen.
I'm surprised at the subdued responses this time around. Had this happened in 2011, half the posters would have said..."load up the truck...mortgage the house" etc. History lesson well learned by most old timers.
new news: oil flow can be restored faster than previously reported.
back up the dump truck!
LOL. Well, they originally said Monday, so it's a moving target.
It really looks to me like gold and silver want to drop significantly. Time will tell.
David used a slingshot, though I digress. " Dave's not here, man". And that is Jenny's number above.
Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.
No, doesn't surprise me today. It's the setup to the FED.
.> @jmlanzaf said:
It just came one day later then expected.
Well, today was/is the Fed day all along. That's why I really wanted out of my position before today. [Thank GOD!]
keep to gold and silver to get some futures experience
hypothetically you would have had stop loss orders in for today and hope for no powerful price dislocation
now had you been short on friday and it dislocated up on sunday night you would have been killed. had you a stop loss market order in you would have eaten it. Had it been a limit order you would have needed consoling up until it hit that limit on the downside move. then you would have needed more consoling today for having the stop limit trigger and your short turning profitable today.
it's all a roller coaster. ride magic mountain before you get on the corkscrew roller coaster. prepare yourself for a move against you like it did for some shorts on Sunday night.
and pay better attention to market moving news days and times.
do you know when the open outcry trading begins and ends?
Swim with the tide, not against it. Counter trend moves should be left to those with more info and speed than you.
Knowledge is the enemy of fear