Yeah thats for sure. Doesnt make a lot of sense. My as well cut our nose off to spite our face. Yeah thats for sure. Doesnt make a lot of sense. My as well cut our nose off to spite our face.
Yeah for sure. This has a lot further to go down before we find any kind of a bottom. With rising rates and slowing growth we will be entering Stagflation which will really cause a lot of pain in the markets. Rising prices and slow or negative growth is as worse as it gets. We have a long way to fall. With PE only getting worse fair value could be as low as $3200 Which we will fall beyond that to probably $3000 then come back uo to be in the $3,200 range. Way too many headwinds for this to move much. Being officially in a bear market is going to hurt prices and sentiment as well
Would definitely play a huge factor. Stopping the oil embargo. Get prices under control to tame inflation so it buys time for everyone to make the pivot to more green energy. With more solar and wind farms along with utilities scale batteries would be a major help in the world energy mix.
I think a lot of big banks are going to be in for a rude awakening. JP Morgan by far the worst in manipulation but im sure there was plenty of others in on it.
Thanks for the article. Its been a wild market. I have gotten into the Gold GDX and Silver SIL ETF’s and hoping for a nice come back. It seems almost absurd that we have some of the highest inflation in history yet the USD remains extremely strong. Causing precious metals to stay subdued. Im still amazed that so many find the USD as their safe haven asset. What do you think the methodology is behind that?
It’s almost amazing we’re dealing with some of the highest inflation in history but yet the USD has rallied to multi year highs. Why do you think that is?It’s almost amazing we’re dealing with some of the highest inflation in history but yet the USD has rallied to multi year highs. Why do you think that is?
If that’s on top of a 5-7 million barrel release from SPR then we all know where this is headed. Record gasoline and diesel prices have 0 effect on demand.
it looked like a retest of the Pennant breakout. It backtested almost perfectly. No supply coming anytime soon. So we will need higher prices it looked like a retest of the Pennant breakout. It backtested almost perfectly. No supply coming anytime soon. So we will need higher prices