35 Comments
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Ol Hickory's avatar

Honestly can’t believe they got oil back to the 70s considering we basically just declared war with Iran... what a freak show

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Gregory Mannarino's avatar

It is an eye opener.

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Ol Hickory's avatar

And an incredible buying opportunity!

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Brian b.'s avatar

I'm basically at awe with how they managed yet again to kick the can down the road and make "everything fine" again. Never expected oil to tank like that either especially with multiple wars now . I really dont know what to say . Well I guess we can troll blow pony's page and ask him what happened to his prediction for october that once again did not come true .

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ChrisCoonsToupee's avatar

They're running out of road.

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Brian b.'s avatar

hope so I am sick of this

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Kathleen Roper's avatar

Thanks

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E R's avatar

I'm praying Silver drops below $15.00 per ounce. I have the truck warmed up and ready to back it up to the loading dock. I have never stopped buying since I jumped in in 2001 at $4.50 per ounce.

LOVE the shiny white metal...

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TrenchDrain's avatar

Greg;

Do you think that we will eventually get to a position in the "freak show" that we will be bartering to purchase goods and services? Will the US Dollar finally take a big pooh? That being the case, wouldn't pre-65 coinage, in the form of 90% silver, be a good exchange for buying goods and services? Comments please.

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President-Elect Zio's avatar

"The monetary system will collapse in 2032" - Martin Armstrong

https://www.youtube.com/watch?v=nsHE5A-WDvQ

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Smoke and Mirrors's avatar

Still in very high risk territory and 10 year still extremely high. Just a couple months ago 10-year over 4.5 seemed unheard of. This has nothing to do with the Fed. Treasury's announcement caused this. I hope anyone who participates in the casino loses everything because you are part of the problem.

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President-Elect Zio's avatar

Participating in the casino is SELF-DEFENSE.

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Smoke and Mirrors's avatar

Nice justification but still makes you part of the problem. Can't believe you still trust it.

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President-Elect Zio's avatar

So what's your advice to do?

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President-Elect Zio's avatar

F.Y.I. 👀

https://seasonalcharts.de/img/ENERGY-FUT/CRUDEOIL.GIF

>>> Unfortunatly we are witnessing a ⚡CRASH⚡.

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President-Elect Zio's avatar

Am still long. WTI_1 and WTI_2. My fault. Ignored my own rules. Feel free to call me an IDIOT.

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Dustin's avatar

I've been studying the S&P chart this morning and it looks to me like it should keep trending up today and maybe part of tomorrow, but then it looks like it will roll over and continuing to head down (that is unless the Fed or someone else pumps a bunch of money in). Is that what you guys are seeing?

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Dawn Brown's avatar

I guess buying oil ETFs wasn't a good idea.

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Smoke and Mirrors's avatar

Not the central banks doing it on their own. Wall Street has a big part in it. Don't agree at all. Many other participants. Not a fan of the Fed, wish it would be abolished, but it is not just the central banks doing all this.

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President-Elect Zio's avatar

Big Banks own the FED(eral reserve)SYSTEM.

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Smoke and Mirrors's avatar

Might want to read a little more. Way more involved than central banks

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klaus slob's avatar

our pals are trying to extinct natural gas good luck with that

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Randy Best's avatar

The evil ones don't want sound money. However, it is really amazing how many still have faith in worthless Government/FED fiat money.

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John C. someone's avatar

i I am an aged newbie in all this. I find your work very important to people like myself

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Joe Serino's avatar

Brilliant analysis!

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LV OLD MAN's avatar

So why is TLT still going up,if money is moving into stocks?

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MoodyP's avatar

Other than $JEPI and $ENVX (speculative) I have been out of ‘general’ equities since 12-21. What I do have are (1) miners (2) shipping (3) Nat Gas ((4) Oil (5) Uranium.

We won’t discuss the miners. LOL. #s 2,3,4,5 have performed very well this year. Up until the past 10 days. Now mostly getting crushed. Got stopped out of $GSL yesterday, taking what was an 11% gain to break even. And based on pre market I’m going to get stopped out of 5-6 other positions. With some positions ($PBRA, $SRUUF, $DHT as examples) up 85, 55, 35% respectively I may not wait for the SL trigger. I might just bail out, take the gains, and let the dust clear. My view is that oil, gas, gold, silver all being manipulated to try and control the long end of the curve.

Frankly, I hate the government. I’m tired of living in the US. I’m taking Spanish lessons and we are going to Paraguay come spring to apply for temp residency.

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