This, my friends, is a momentous occasion. Who would’ve guessed that I’d be all in short of crude oil, in dollar terms, at the same time that crude oil traded at $44, a level which the infamous D. Gartman said would not happen in his lifetime.
Another seal has been lifted from the gates of hell. A ring of fire will immediately follow the appearance of centaurs rampaging throughout the streets of New Orleans.
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And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
And I saw, and behold a white horse: and he that sat on him had a bow; and a crown was given unto him: and he went forth conquering, and to conquer.
Oil sure seems to have legs to get to $50.
It makes sense as at 60 frackers make money
again and Saudies don’t want that. $50 oil
keeps the financial pressure on American oil
co’s and at the same time it’s not enough money
to get them drilling again.
well, WTI is still below $44, so he has that to hold onto.
+1
I’m sure he meant WTI.
Who trades Brent?