Kudos to MMs
- Thread starter nitro
- Start date
This is institutional buying in oil at this point. No one listens (did they ever?) to FED propaganda anymore. The language is hawkish, but the action is dovish. Markets get it, and from now on, it is spiraling higher commodity prices the whole way until real action is taken. The entire FED can line up and say they are raising IRs and markets would laugh at this point. That trick doesn't work anymore.
Notice that gold and silver are meaningless as far as FED policy goes. They could both double from here and as long as everything else maintained price stability, no matter. But what the US policy has done (indirectly) to world food prices is almost bordering on criminal. Oil, that DEFINITELY captures their attention, and at $125, game over.
Notice that gold and silver are meaningless as far as FED policy goes. They could both double from here and as long as everything else maintained price stability, no matter. But what the US policy has done (indirectly) to world food prices is almost bordering on criminal. Oil, that DEFINITELY captures their attention, and at $125, game over.
I am beginning to believe that for the sake of the rest of the world, oil should not be priced in dollars anymore. Real suffering by tens of millions (hundreds of millions ?) people that are living hand to mouth is the result of current coupling. That is unacceptable.
The dollar is going, MUCH MUCH lower until the FED raises interest rates.
The dollar is going, MUCH MUCH lower until the FED raises interest rates.
"Rumors flying that Saudi Arabia sending tanks in to Bahrain"
http://www.benzinga.com/life/politi...–-saudi-arabian-tanks-too-much-exogenous-risk
Iran is 10x more likely to see destabilization than Saudi Arabia, but then I never understood how in the 21st century, we have "Kings."
These countries belong to their people, not some guy with a title. But they have been brainwashed since birth to believe this crap.
http://www.benzinga.com/life/politi...–-saudi-arabian-tanks-too-much-exogenous-risk
Iran is 10x more likely to see destabilization than Saudi Arabia, but then I never understood how in the 21st century, we have "Kings."
These countries belong to their people, not some guy with a title. But they have been brainwashed since birth to believe this crap.
For the first time in a while, I am hearing chatter by people getting squeezed by gasoline prices. Oil at $102, with a march to $120/$125 likely. The stock market doesn't care because the people that are driving earnings aren't affected by $3 gas as opposed to $4 gas.
When it rains, it pours on the poor.
When it rains, it pours on the poor.