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Who is selling oil right now?

Summary:
Oil, producers have been steadily selling into the rally. 

Topics:
Mike Norman considers the following as important:

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Oil, producers have been steadily selling into the rally. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

15 comments

  1. Keep up the videos, I like to watch stuff about the markets when I’m not in trades. I followed you 5 years back when I started my journey

  2. @Mr.PhatsVarietyVibesShow

    the solar eclipse based on my understanding is very common happens like every couple of years like 18 months or something .. most of the solar eclipses happen over the oceans & in areas people don't pay attention to it..
    And what is up with Bitcoin anyone on here trades bitcoin?

  3. All the National Debt hysteria is driving retail investors to Gold & BTC

    • @billcarruth8122

      Gold and BTC aren't investments, they're alternate currencies. ie. no intrinsic value.

    • @billcarruth8122  Yes but 'investors' in the sense they see capital gains against what they perceive as the devaluation of the $USD as a result of increasing National Debt.

  4. Long videos were good, just my 2 cents. We like the stories!

  5. Kitco interviewed Frank Holmes today, and inerestingly, he talked a little bit about MMT.

  6. Mike I am with ya on the whole Eclipse stuff,Myself not going to spend Thousands of $ to get to best spots to watch,it was ok to watch but not going put of way for it.

    Interest Rates: Pros and Cons to it depends which side of fence you are on.Right now id like Rates to go higher to about 10% to 15%.It would be nice to get rewarded more for saving.As far as harder to get credit if people save and compound interest they are less like to need as much credit 💳.Also id like to see those out there who need an affordable house to own be able to get one if high rates eventually drive housing prices down.Ill adjust and ride the waves whichever way they go 😎🌊

  7. I saw the eclipse and gotta decent video of it posted up. In my local area we got about 90 percent but my mom went down to Missouri with my aunt and got to see the totality. Its pretty amazing in my opinion.

  8. @smithwilliam6837

    We all need a Guru to tell us what to do

  9. @homeyoutubechannel6609

    Love ur videos

  10. @darrendelahunty8026

    The eclipse wit yer little glasses on 😅😅😅😅😅😅😅😅😅😅😅😅😅😅❤❤❤❤❤❤❤sarcasm rules Mike we luv this shit 😂

  11. @user-it1mc3nq7h

    ❤👁

  12. I went out and took pictures of the eclipse, but I have to admit I am glad it's over. I'm burned out on eclipse overload. Thanks for the updates, Mike.

  13. Thanks Mike!!!

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