Based on Thursday’s action in the price of oil we expect a TACO Friday event and/or a TACO Monday event. *
(*Note: Read about Trump’s TACO Trades HERE)
Here’s a brief summary:
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Iran Says More Tankers Struck by Mines…Oil Moves Up
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Trump Declared He Won’t Bomb Before Midterms…Oil Moves Down
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Pentagon was ordered to prepare Iran attack options for before midterms
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Iran expanded tanker attacks beyond the Strait of Hormuz into the Persian Gulf and Gulf of Oman
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In Saudi Arabia, Riyadh airport suffers direct missile attack from Iran-aligned Houthis
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Iran has significantly widened its maritime operations by shifting attacks beyond the narrow confines of the Strait of Hormuz into the broader waters of the Persian Gulf and the Gulf of Oman
Hold on a second!
Iran “significantly widened its maritime operations” cannot possibly be true.
Because didn’t Trump completely destroy Iran’s Navy in the first few days of Netanyahu’s war?
He told us their Navy was now at the bottom of the sea, didn’t he?
Once again, this begs the question:
Who do you believe?
Regardless of who you believe, you cannot overlook the fact that someone (Cough! Insiders, Cough! Cough!) is becoming fabulously wealthy via the TACO Trades whether they fall on a Tuesday, Friday OR Monday.
And it’s becoming obvious that the manipulation of the oil markets has become much easier than in the days of Bush and Iraq.
Because today we have the drums of WW3 pounding in the background.
The Midterms are hanging over Trump like the proverbial “Sword of Damocles” and he desperately needs to get oil prices down before November.
As a result, Trump is desperately looking for an off-ramp.
But Iran knows this and is digging its heels in for the best deal it can get and for maximum downside for Netanyahu…who’s upcoming election could be disastrous.
