More CONTANGO For Crude? Or Just A PUMP AND DUMP SCHEME?
From Greg M
Lions and friends…
IN MY OPINION there is something going on here beyond so called contango with crude.
What Is Contango?
Contango is a situation where the futures price of a commodity is higher than the spot price. Contango usually occurs when an asset's price is expected to rise over time.
Ok… with that, today PRE-market crude is falling hard right after a big move higher… sure appears as some kind of PUMP and DUMP scheme to me…
NOTHING WOULD SURPRISE ME IN THIS ENVIRONMENT.
GM
I’ve been in oil and natural gas several years now, it’s basically an endless pump and dump cycle
It’s obvious the markets are rigged in every aspect. Another example is the defined contribution benefit plan (e.g., 401k, 403b). Why do I have to contribute to my own retirement SAVINGS account and then have rules about when I can take money out? It’s a controlled system and fully dependent upon future generations to participate. It is by definition a Ponzi Scheme.