Is The Oil Market Heading For A Top?
Sean Brodrick answer the posting title with a straight forward no. However the oil market will not head straight higher he points out a number of factors to consider when looking at the overall oil market. We also discuss the robotics industry that Sean thinks will be high in the near future.
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Here are some links to the robotic videos Sean sent me…
Ex, understands but the thought police know about him. LOL! DT
Mums the word….. 🙂
Currently in hiding from the robot scanners….
Anyone playing Rhodium
http://www.kitco.com/scripts/hist_charts/yearly_graphs.cgi
No Rhodium Jerry, but gas has gone up here .40 in three weeks.
Energy is the largest expenditure for third world countries.With rising interest rates this is a double whammy.
The biggest concern of the bankers that hold these Countries debts is not their ability to pay, but rather contagion if they cannot continue to be Politically isolated by the IMF and collectively decide to not play by the rules.
Thanks John for the reply.
Venezuela expels Two U.S Diplomats.
https://www.youtube.com/watch?v=fA3Sl7cDiK8&t=69s
Thanks CFS. That was a great overview of what is really going on in the financial markets.
The only thing they didn’t cover was the use of swaps in the future markets.
30 year banking veteran Bix Weir gets it.
Derivative Meltdown Looms Again.
https://www.youtube.com/watch?v=dBT4XIJ8A4s
Steve Eisman of “The Big Short” Recommends shorting Deutsche Bank.
https://www.bloomberg.com/news/articles/2018-05-14/eisman-of-big-short-fame-recommends-shorting-deutsche-bank
The Fed is not only the lender of last resort, but also the liquidity provider of first resort.
Jim Grant “The Trouble With Prosperity” 1996
I’m glad a few souls understand that Artificial Intelligence can replace Doctors. But you don’t understand anything about the future if you can’t understand how we as a society are making our species obsolete. DT