While we can't predict the short-term manipulated price movements of oil, we do know:
Saudi Arabia is spending record amounts of USD from its reserves
China is hoarding oil and looking at launching a new oil benchmark by the end of the year
The Petrodollar, while still the powerhouse, is slowly losing power as other nations continue to bypass the US dollar in international energy trade
All things remaining constant, the value of the US dollar will likely diminish in the future. And if the US dollar falls, the price of oil will rise.
I still predict oil will settle between $70-80 by the end of this year
Greek crisis just the tip of the iceberg as markets slowly correct.
Commodities will continue to crash. Want to buy some Lumber for your fake housing states Janet
Ha Ha Ha Ha
Europe and U.S. would never allow Russian naval bases in Greece
UGAZ back to 1.80s based on trends
Algorithms will hi that Sell button as Markets crash
Sell off will start in China on Sunday night U.S. time then by 3AM our time European markets will start rolling over and then the collapse of U.S. markets Monday morning. This will be biggest market correction seen in years. Go ahead Germany kick the Greeks out of Euro Union.
CIRCUIT Breakers will kick in And people will speculate hacking. Blame it on the Germans there Dumas Bankers kept on lending to Greece
Bloomberg quotes the Eurogroup finmin president:
They will be brought in with the target to privatize those in the coming years, but we will take our time for that.
We then hope for proceeds of EU50 billion, but that will be clear later.
The banks first have to be refinanced from this aid program, but after that I take it that they’re worth money and then we can sell them.
The proceedings are aimed at lowering Greece’s national debt.
We doing negative rates now
Last 2 Gold crashes this week a competing magazine smells like Central Bank trying to crash Gold
Instagram Android a quick Netflix original or Prime membership is not going to help the rest of failing stock market.
Today, a new "cloud tax" takes effect in the city of Chicago, targeting online databases and streaming entertainment services. It's a puzzling tax, cutting against many of the basic assumptions of the web, but the broader implications could be even more unsettling
Cheaper to use the Bolivar currency to wipe then to huy toilet paper
Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intac
Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact.t.cheaper to use currency to wipe then TOILET PAPER
Long live miners
Russia will gain control of Greece and Russian stocks will rally as Russia will be the new Greek ally and be able to run natural gas pipelines to Europe and shutdown Ukraine pipelines.
Time to dump DWTI again and switch back yo UWTI coming soon
Expect a big rally on Russian stocks of Europe gives up on Greece as Russia regains huge control of pipelines connecting Europe via Turkey Nd Greece. Putin must be salivating a Greek default.
A few more days done deal and Greece will no loner have to worry about being part of Russia.