Loading ...Just how cheap did oil get relative to Silver and Gold last week?
I thought it was cheap in Sept of last year, but it got cheaper as silver mooned. The Gold oil ratio hit 84.24 BBL to 1 oz gold.
Who here would have bought OIL in March 2020 and held? (negative futures price) – here’s another opportunity.
inflation target chart I posted last year – note last week the Silver : Oil ratio hit 1.81 : 1
Keep in Mind Trump and Comp will fight tooth and nail including releasing strategic Reserves and flooding the markets with Venezuelan Oil to keep Oil in check for the midterms
We should NOT be rooting for Oil here…if it takes off the Midterms are lost
If HE can hold it down through November, GREAT I’m all for that !! – meanwhile 4% dividend is a gimme – all while oil/svc equities are outperforming the commodity.
Before Gold becomes high enough for Trump to link to the dollar/US DEBT (destroying the FED) – how is Trump going to hold back currency printing and inflation MACHINE to keep the wheels on during the remainder of his term – Walsh going to do a character about-face? I’m not betting against Trump but I’m not going to let another C-19 oil price (relative to gold) opportunity get away from me (again equities are outperforming the commodity). This oil thesis is basically a return to the mean strategy – WHEN it happens I don’t care, THAT it happens (after the mid-terms hopefully) I see as a near inevitability. I’d guess that sub-$100 oil will be a distant memory in 10 years regardless of party or what the world looks like.