All is well in crazy town, gents. The stock markets that our leaders bestow upon us are at fresh, record highs, all the while crude oil and copper get smashed into the rocks into 10,000 pieces.
WTI losses have extended to more than 11% over the past month. This deleterious pin action has led to a minute drop in some of your favorite crude oil stocks. This, of course, is merely a temporary waystation, on its way towards never ending glory.
Separately, gold and silver have been stuffed back into the gimp box, now off 1.5% and 2.6%, respectively. There isn’t anything to fear, but fear itself, and of course mega tonne Tsar bombas.
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Maybe the Wells Fargo Moron was right?
The thing about oil is this; any drop lower is a stimulus for our economy “gas pump”. Market looks like it will not stop until 2200 and 2300 will be the bubble to short if it gets there. Just my opinion of course.
You [usa] have abdicated control of your financial markets. To the imperial gangs who can clearly do what they want with it. DO NOT be surprised when they collapse it in your paltry baseless golden years face