iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Crude Breaks $41, Gold Lower, Futures Up

Happy Friday. My head is still spinning from all of the lager that I thought I should consume last night. It always seems like a great idea, drinking like a depraved degenerate, until the morning after kicks in and you need a fucking barrel of coffee to get your day started.

Crude is being chased higher again, now above $41. This is a short squeeze and it will end miserably for longs, in my opinion.
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Gold hammered again.

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Treasuries are edging higher too, as well as the dollar, with a moderate 0.3% gain v the euro.

Also, futures are higher. The weather is sublime. Markets are in bull mode. What could go wrong?
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America is going to be great again.

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2 comments

  1. halfbloodpope

    Is PPT signaling for OB on oil?

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    • 0 Deem this to be "Fake News"
  2. matt21

    What are PPT and OB?

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    • 0
    • 0 Deem this to be "Fake News"