GASOLINE Futures Prices up 100% since the FRAUDULENT ELECTION, 47% Year to Date
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This is not financial advice, but just my outlook/perspective.
Last year after the Saudi/Russian oil spat they dumped alot of oil onto the market. Thing is, once you pull all that oil out of the ground you can't exactly put it back in. This extra supply causes the price to drop through the floor. The fact that Crude is above $66.00 is an inflated price. The thing about inflated prices is that a correction or collapse is virtually inevitable. I'd keep an eye on SCO ETF or DRIP.
The Saudis and Russians were aiming to kill American fracking. Frackers were the marginal producers and they had to bring the price point down to kill the industry. Fracking was already on the ropes pre Covid and the collapse along with Biden have put the industry out of commission for the next several years.
Quite possibly. Wouldn't surprise me anyways.
My point is, a violent correction or collapse is coming. Might as well have something to make a buck or two off of it. Secondly, with a crude collapse inbound, like real estate, a lot is tied into it. Should oil spike too high get ready for a possible depression. And with Xiden in power, and what he has done so far, it seems likely.
We're about to have a market crash this month. Probably 15% off the highs but could be 25%. Bond prices are crashing because nobody is stupid enough to buy more debt when the Dems are about to pass another trillion dollar plus stimulus financed by debt.
Fed will intervene so it will bounce but it will only set us up for a much bigger crash probably later this year early next year.
Biden and the Dems will get annihilated.
Indeed. Been eyeballing bear ETFs and ETNs.
Fitting honestly. How did Bill Maher put it? "I hope for a recession..." How poetically ironic.