In this must watch market update, Greg Mannarino discusses the recent pull-back in crude, stating that the long term trend for crude is up, up, UP. He states that the current pull-back is creating a MASSIVE FLOOR and is extremely bullish, and that ‘after this current pull-back I am more bullish on crude than I have ever been!  There is NO WHERE FOR COMMODITIES TO GO BUT UP!

Mannarino states that the Fed is in absolute complete panic mode by announcing an open-ended, unlimited, QE to ABSOLUTE INFINITY.  He states that the Fed is currently setting up the biggest crash in the stock and currency markets that the world has ever seen in the history of the world, but that people who are holding commodities like crude oil will make out like bandits.

Mannarino emphasizes that the best way to do this is to hold physical assets in your hand like gold, and more specifically, silver.  He concludes by stating that ‘SILVER IS THE MOST UNDERVALUED ASSET IN THE HISTORY OF THE WORLD!!! That is a fact my friends!!


    • Imagine where Greg will be in ten years from now. I realize no one in the financial market can predict every up and down movement in price, but a few like Greg can help provide a picture of what to expect. Still I do my own due diligence when it comes to when I buy and when I sell.

  1. He’s saying what I want to hear, but does that make him right? He doesn’t seem to be calling BS at any time, but does seem a bit prejudice and fixated in views. As am I, I must add. But I am not sure I am right in my (current) views and expectations, but am willing to trade on them.
    How has Greg’s track record been? I’ve only been following him for a while, but did not buy one of his (many) books (a year).

    Wish I’d had someone like him educating me when Silver was around $8 or so though. Man would my stack have been hefty then. Not, I hide it in my back pocket almost… 

  2. “He states that the Fed is currently setting up the biggest crash in the stock and currency markets that the world has ever seen in the history of the world, but that people who are holding commodities like crude oil will make out like bandits.”
    Besides stacking drums in your back yard, how can you hold crude?  Is paper oil akin to paper metals?  Is it as risky?  Would Ann Barnhardt say no?

    • The analogy should have been obvious. Of course we cannot stock pile crude oil, but oil is what? A commodity. What else is a commodity? Right Gold and silver, and that my friend we stock pile. And YES! I plan on making out like a bandit! Good day.

    • you can buy crude oil futures just like you can buy gold and silver futures, it’s basically a delivery contract.
      yes there is risk involved a la MFglobal, but there is risk in every venture. one must weigh potential risks and rewards and make one’s own decision.

    • Thanks for the replies!  Obviously I understand that unlike paper silver, you can’t take delivery of the real thing from paper crude.  So if/when crude spikes, you will make boku fiat which you can use to purchase other useful commodities.  That could be another hedge against inflation.  Cool.  I get it!
      One last question is: are other paper commodities—oil, soy, wheat, etc.— traded in the same derivative fashion as precious metals?  I.E. are they trading 100x the world’s annual production of corn as paper corn commodity futures?  Thanks, you guys and gals are awesome.

    • “Besides stacking drums in your back yard, how can you hold crude?”

      Probably as the stock shares of the major oil producers.  They’ve been around for a long time and likely will be around a long time from now.  Risky?  Yeah, but not as risky as holding US dollars or worse yet, bonds.  Just be sure to hold the shares in your own name and have the stock certificates mailed to you.  DO NOT hold them in “street name”.  That’s just asking for some serious MF Global, PFG-Best, and Sentinel type trouble.

  3. The stock market is soon to lose 1,200 in one day and when that happens all $## will break loose. Within 7 days 40% of the value of the stock market will go up in smoke and at that time gold and silver will soar to their true value.

  4. Cactus  Yes, if you can set up some regular gas storage for a short term emergency it’s a good idea.  We bought 10 55 steel gallon drums for $20 each on Craiglist, had a petroleum delivery service bring 540 gallons to the rural home of our senior BOB commander.  (I was going to call him the Great Exaulted Poohbah but thought better of it. He’s a better shot that me)
    With gas stabilizer assuring at least a year of storage safety, we have the equivalent of 10,000 miles of gas off site, safely stored in a hard bunker.  This may seem a little extreme but we think of it as an emergency supply of gas if Israel hits Iran, the straits of Hormuz are shut down resulting in a major shortage or large increase in price.  Several 5 gallon jerry cans are available plus gas tanks always 3/4 full assures at least a short term supply of go go juice.  Suffice it to say, we don’t drive a lot so this amount of gas will go along way.
    As for silver price, I feel like the vulture sitting on a branch looking for dinner.  “Patience hell,  I’m gonna kill something’    Thats what I think of the constant chatter about the price of silver going to the moon.  Yes, I expect it will jump in price but I”m hungry now.  I think I’ll find some roadkill and whip it up for lunch.

    • That does sound a bit extreme … ly COOL!  I’m certainly not that far along, but I have no reason not to see something like that on a slightly smaller scale as one of my prep goals.

  5. NYSE Announces Second-Quarter 2012 Circuit-Breaker Levels


     NEW YORK, March 30, 2012 — The New York Stock Exchange will implement new circuit-breaker collar trigger levels for second-quarter 2012 effective Monday, April 2, 2012. Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points. In second-quarter 2012, the 10-, 20- and 30-percent decline levels, respectively, in the DJIA will be as follows: Level 1 HaltA 1,300-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt. Level 2 HaltA 2,600-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later. Level 3 HaltA 3,900-point drop will halt trading for the remainder of the day regardless of when the decline occurs. Background:Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and the point levels are adjusted on the first trading day of each quarter. In 2012, those dates are Jan. 3, April 2, July 2 and Oct. 1. 

  6. Stashing gasoline is one way to cushion yourself against any price and/or supply shocks, but also consider stocking up on items which will also suddenly increase in price should Oil prices spike.

    Food is one item on the list.

    • Oh definitely!  My wife and I have been busy canning this summer and I’m buying any kind of food I can that store long term now ‘cuz obviously nothing’s getting cheaper with QEternity ’round the world.

  7. Cactus:  Your last post is SWEET!  We are doing the canning routine, and stocking up on the “37 food items sold out after crisis”…and of course STACKING phyzz silver!

    To answer your initial question on soft commodities, oil, soy, etc, I will answer your query this way:  Jim Rogers NEVER has an interview where he doesn’t extol the IMPORTANCE of food, because food is becoming a serious shortage threat around the globe.  Jim is a PM buff and a USD  currency boo-hooer NOW.  As for paper commodities, let the buyer beware!  I wouldn’t touch it with a trillion foot pole.  Keep doing what you are doing!   You’ll be fine.

  8. One part of me is hoping that the US dollar should collapse and the part of me is hoping that it shouldn’t. It should because that way, I can prove to all my friends and family that I’m not a fool by buying physical gold and silver while they were keeping their savings in dollars. It shouldn’t because I’m still not prepared against it cause my goal is to reach 1000$ in face value copper pennies and then exchange them for physical gold and silver and get at least 300 ounces of silver.
    Silver sure is the most undervalued asset which is why I’m buying a lot of it.

  9. Diesel is a lot easier to store than gas. I do have over 200 gallons of gas on hand but I use from it all the time to keep it fresh. Run it in the car, lawnmower, snowblower, weed eater, and generator. When I use 55 gallons I take the empty to the gas station on the trailer and refill and put it in the back of the line.

    • Good plan, Mary.  I salute your dedication and agree that it will pay off big at some point.  Once we do have a collapse situation, that gas will be incredibly valuable as fuel for must-have tools… tillers, chainsaws, tractors, generators, etc.  Diesel will be the same for the things that need it.  Don’t know how long gas or diesel can be stored before it turns to jelly but there are stabilizers that can be added to them to extend their shelf lives.

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