You're right the people in power love higher prices, now the can pay off their debt. I mean the people's debt.
Crude Oil on the Run Again. $100 in Sight!
- Thread starter RedSun
- Start date
You're right the people in power love higher prices, now the can pay off their debt. I mean the people's debt.
Cramer changing his opinion on oil to bullish is the most bearish thing I have ever seen. The top must be in.
This is the effect that the MSM has on people's Point of View.
If Oil is so horrible try living without it for a few months (or even a few days).
In spite of the Elec. Vehicle craze, people couldn't do it.
Imagine shivering in a cold damp house or apartment 40 degrees all day.
You'd either want to guzzle vokda or just jump out the window.
Point is, people talk big about environmental concerns, etc
but really will pay anything to get oil.
Anything.
Just wait and see.
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Higher rates offer no deterrent for this type of higher inflation.
And the horses are already out of the barn.
This is stagflation, just like the 1970s but worse.
Worse, because the debt is so much bigger (3X)
So, there will be no Paul Volker riding into town.
He said that before he passed.
It's gonna be like this:
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Oh well, maybe the lousy gold & silver investments I bought 9 years ago might finally show some kind of return.
I'm making a lot of money on these trends; the inflation concerns are way overblown this really is nothing compared to the past. Somehow we got through much worse in Canada and saw a tremendous economic boom in the 1990s where governments actually ran a surplus late years.
Why are some traders always in a crisis ?
Oh well, maybe the lousy gold & silver investments I bought 9 years ago might finally show some kind of return.
It's cyclical if you don't need the money just let them sit and sell them at the top. Ideally, you needed to throw some fresh money in March/April 2020 so your cost base dropped a ton.
Cdn energy was similar you had stocks like Baytex at over $50 sink to 29 cents then rally to $5.25 currently. It was around 30-40 cents a fair bit of time and an obvious buy between 40 cents and $1. Anyone who rode it down could have bought say 10x their shares at 31 cents and done really well. Of course, at the bottom, you have to ignore the doomsday people and do some research. There is no free lunch a couple of these firms did essentially go out of business or were sold for pennies.
That's exactly it. People will pay anything. Regardless of the source of energy.
Even the biggest source of all - which is not silly black chit out of the ground.