No matter what your strategy, you’ve hit and surpassed an average point. As we speak, shutdowns are occurring around the globe. Oil is plunging over 5%. We are underneath as I speak the 73.00 average point so I need you to SELL another layer of positions right here, right now and consider this your 73.00 average point. When and If we hit 72.00, automatically SELL another layer.
French health agency Haute Autorité de santé (HAS) approved on Thursday COVID-19 boosters for people over the age of 18. Unlike most other national authorities that have authorized boosters after six months, the HAS recommends that booster shots be administered as early as five months after the original vaccination. France has already approved boosters for those aged 40 and older. The HAS argued that the “worrying” pandemic trends warrant the acceleration of the vaccination campaign. It also stressed the importance of immunizing the population that has not yet been vaccinated, as well as maintaining other measures “in order to preserve the healthcare system and avoid restrictions.” Continue reading “France approves boosters for adults after 5 months….. Italy introduces restrictions for unvaccinated people….. Netherlands to introduce tougher COVID measures”
BERLIN, Nov 25 (Reuters) – Germany crossed the sombre threshold of 100,000 COVID-19-related deaths on Thursday with a surge in new infections posing a challenge for the new government. Since the start of the pandemic, 100,119 people have died with the virus in Germany, data from the Robert Koch Institute for infectious diseases showed. The number of new daily cases hit a new record of 75,961. Hospitals in some areas, especially in eastern and southern Germany, are under pressure and virologists have warned that many more people could die. The head of the Robert Koch Institute has put the mortality rate at about 0.8%, meaning that at daily case numbers around 50,000, some 400 people per day will end dying. Germany’s incoming three-party government, which announced its coalition deal on Wednesday, said it would create a team of experts who would assess the situation on a daily basis. Greens co-leader Annalena Baerbock said the new government, comprising the Social Democrats (SPD), Greens and Free Democrats (FDP), had set itself 10 days to decide if further restrictions are needed. Germany has already limited large parts of public life in areas where the situation is acute to people who have been vaccinated or have recovered. FDP leader Christian Lindner said tighter regional restrictions would probably be needed if a national lockdown, like that in neighbouring Austria, is to be avoided. With a vaccine rate of just 68.1%, far behind some European countries such as Portugal, Spain and even France, Chancellor-in-waiting Olaf Scholz promised to ramp up vaccinations and did not rule out making it compulsory. “We must vaccinate and give booster shots to prevent the spread of the virus,” said Scholz. “Vaccination is the way out of this pandemic,” he said. He said long queues for booster shots in some areas that are slowing things down had to be sorted out. A growing number of politicians are calling for compulsory vaccinations, initially for workers in some sectors, but possibly later for everyone.
https://youtu.be/sgSu6o804W4
Germany reported its highest single day surge of Covid-19 infections as Chancellor Angela Merkel said the “dramatic” situation was the result of the fourth wave “hitting our country with full force.” The Robert Koch Institute (RKI), Germany’s disease and control center, has reported 65,371 new cases within the last 24 hours — it is an increase of 12,545 new infections compared to the previous 24-hour period. But these figures are likely to be under reported, and true scale of infections could be “twice or three times as many,” RKI chief Lothar Wieler told an online discussion with Saxony’s state premier Michael Kretschmer on Wednesday evening. Thursday, pushing the total number of deaths since the pandemic began to 98,000 people in Germany, according to RKI data. Germany’s seven-day incidence rate also hit record levels of 336.9 cases per 100,000 people, up from 249.1 cases reported a week ago, RKI reported. Germany has one of the lowest vaccination rates in western Europe, with just over 67% of the population fully vaccinated. Around 33% have no protection against the virus, according to the RKI. This is one of the reasons why infections have soared to record levels, say experts, aided by waning immunity of the Covid-19 vaccines and the more infectious Delta variant. “As the vaccination campaign started in Germany at the beginning of this year, we now see some age groups and some people lose their immunity against Covid-19 quickly,” Tobias Kurth, a professor of public health and epidemiology at the Charité university hospital in Berlin, told CNN. ”The current pandemic situation in Germany is dramatic, I can’t say it any other way,” outgoing Chancellor Merkel told mayors from across Germany on Wednesday. Hospitalizations and deaths remain at a much lower level than in previous peaks, but there is growing concern about gaps in the country’s vaccination coverage as it moves into the winter months. ”It would be a disaster to act only when the intensive care units are full, because then it would be too late,” she added. The situation means Germany is on track to become the next country to impose stricter rules on those who haven’t been fully inoculated. Three parties making up the country’s prospective new coalition government approved a draft law on Thursday that would see stricter rules come into effect. The measures — which will be debated in the upper house of parliament on Friday — would require Germans to wear face masks and provide proof of vaccination, a certificate of recovery, or a negative Covid-19 test in order to ride a bus or board a train, in an expansion of the country’s “3G” system that required a negative Covid-19 test to enter certain venues and settings. Free Covid-19 tests would be reintroduced as well as permission to work from home whenever possible. The new legislation is designed to provide a nationwide framework in which the country’s regions can choose from a toolbox of other measures, depending on the severity of the outbreak. To that end, regions have room to tighten curbs in Covid-19 hotspots as needed. Green Party co-leader Robert Habeck told public broadcaster ARD on Sunday that the rules in effect amount to a “lockdown for the unvaccinated.” Continue reading “COVID cases break records in Europe, prompting booster shot expansion”
WASHINGTON (AP) — President Joe Biden will require essential, nonresident travelers crossing U.S. land borders, such as truck drivers, government and emergency response officials, to be fully vaccinated beginning on Jan. 22, the administration planned to announce. A senior administration official said the requirement, which the White House previewed in October, brings the rules for essential travelers in line with those that took effect earlier this month for leisure travelers, when the U.S. reopened its borders to fully vaccinated individuals. Essential travelers entering by ferry will also be required to be fully vaccinated by the same date, the official said. The official spoke to The Associated Press on the condition of anonymity to preview the announcement. The rules pertain to non-U.S. nationals. American citizens and permanent residents may still enter the U.S. regardless of their vaccination status, but face additional testing hurdles because officials believe they more easily contract and spread COVID-19 and in order to encourage them to get a shot.
Continue reading “US to require vaccines for all travelers in January”
NEW YORK, Nov 23 (Reuters) – Top U.S. infectious disease official Dr. Anthony Fauci said on Tuesday the vast majority of Americans who have been vaccinated against COVID-19 should receive a booster shot, and that an additional dose could eventually become the country’s standard for determining who is fully vaccinated. Fauci and other disease experts have said they expect that COVID-19 will transition this spring from a pandemic phase in the United States to an endemic disease, meaning that the virus will continue to circulate at a lower level, causing smaller, less disruptive but still significant outbreaks in the coming years. But some are expressing new concern over a rise in U.S. infections in recent weeks, a trend that is likely to accelerate as more Americans travel and gather for U.S. Thanksgiving this week and other upcoming holidays. “We’d like to get as many people who were originally vaccinated with the first regimen boosted,” Fauci said in an interview for the upcoming Reuters Next conference. Asked to quantify, he said, the “overwhelming majority” of Americans who have been fully vaccinated should now receive a COVID-19 booster shot based on data showing they provide “substantial” protection beyond what is seen from the original inoculation. To date, about 33 million Americans have received a booster dose. The government recently expanded eligibility for an additional shot to all U.S. adults. Studies from Israel and other countries have shown that vaccine protection wanes over time. While data first suggested that was mostly a problem in the elderly, there is newer evidence that it occurs among all age groups, Fauci said. “That’s the reason why we’re very keen on getting as many people who are originally vaccinated to get a booster … because they really do work,” he said. As experience with COVID-19 vaccines grows, it is conceivable that the definition of a “full and complete regimen” in the United States would comprise three doses of the mRNA vaccines from Pfizer (PFE.N)/BioNTech and Moderna (MRNA.O) and two doses of the Johnson & Johnson (JNJ.N) vaccine, he said, similar to what some other countries have done. Continue reading “Fauci says vast majority of vaccinated Americans should get a COVID-19 booster”
In our speculative trades we go for moon shots and every once in a while, the rocket blows up on the launch pad. This could be such a trade. I hasten to add that my ultra conservative trades, government securities and our beloved STRIPS recently made a return of 15% to 50%.
This oil trade is in Crude Light New York only. You have 3 options for trading. To trade the full blown NYMEX 1,000 barrel contract will take an account funded by $105,000. $50,000 will be my anticipated margin requirement and we have the potential of losing $50,000 and making $200,000.
For those of you that have a smaller account, $50,000. You will simply trade the Minis and you are risking $25,000 with a profit potential of $100,000. For those who have $25,000 we have a strategy for you and you’ll be risking $12,000 with a potential to make $50,000.
The trade rationale is the same for all accounts. You’ll be trading the March futures contract. For the full blown contracts and the Minis you will be adding a position every $1.00 higher or lower without duplicating positions at any average point. For the super small accounts, you’ll be adding a position every $2.00 higher or lower without duplicating positions at any average point. For the full blown account traders we’re looking to add 10 positions basis the March futures contract, entering in at around $77.00. We’ll be trading positions on the short side all the way up to $82.00 ($82.00 in March would be the equivalent of $84.00 on the spot contract) If March goes to $86.00 a barrel, that will take Brent to $90.00.
There is no way in Hell the powers that be will allow $90.00 to $100.00 a barrel oil and there is no justification for this price. Like on so many other things the price plunge of April 20, 2020 temporarily shut down oil and the pipeline literally emptied out then demand crashed. All the oil you could ever want is available. Pipelines have to be restarted. Completed wells will be put into production and with the under investment in energy, bankers are rushing in to get in on the price bonanza.
By March, like every time after we see an oil price plunge and oil over $70.00 a barrel, within 6 months prices plunge right back down again. I see this trade taking us easily to $60.00 a barrel basis March. Do the math. Your average price will be $83.00. I expect to take profits at $63.00 so that would be a profit of $20,000 on 10 contracts, $200,000 in total.
For those of you trading the Minis you’re looking at a profit potential of $50,000 and those of you trading Minis at a $2.00 average point you’re looking at $25,000 but that’s the minimum because as the market drops below our $77.00 average point we’ll be adding more positions on the way down.
Before you make this trade, I urge you to listen to the Market Update posted on October 11th titled “Moon Shot”. To get access, contact Jim at 866-924-0607.
Throughout the COVID pandemic, what has been missing from our medical tool kit is an easy-to-take treatment that keeps people out of the hospital. Yet, within the next few weeks, we will have two new antivirals: Merck’s molnupiravir and Pfizer’s Paxlovid. As part of the unimaginable speed that has characterized the medical countermeasure response to COVID, the advent of two highly effective treatments for COVID is nothing short of game-changing. But given that nearly 30 percent of adults are not fully vaccinated against COVID, it is natural to wonder if having these highly effective oral drugs will diminish the value or role of COVID vaccines in our response. There is a real fear being voiced by public health practitioners that if highly effective treatments stand at the ready, people who have so far shunned the vaccine will likely never get vaccinated. That they will get COVID is likely inevitable, prolonging the pandemic, continuing to endanger high-risk individuals, and further taxing our hospitals and their staff. Continue reading “Covid Antivirals Don’t Replace Vaccines: Johns Hopkins’ Adalja”