“Pols & Apparatchiks ruin markets everywhere!”
Well, oil gets “monkey hammered” today, thanks to a Trump tweet RE Iran & Rand
Paul … if it’s not POLS & Apparatchiks moving their lips, it’s oil inventories
… outside of that, oil could care less … and today sees some panic selling down to
the $56 handle, as peace breaks out with Iran.
Quite frankly, the violence in oil is getting out of hand … where we go from here
depends on who says what next … and when it happens again, who knows if
up/down can stay the course … all I know for sure, is that stops are getting run in
this complex like the Kentucky Derby … get caught on the wrong side of this shit
on one of these massive news spikes, and you’ll wish you were at the dentist.
And from here, I haven’t a clue, except to say worldwide inventories are building
while global demand is slowing … and for the foreseeable future, I don’t see how
oil rallies much above the $60 level unless the dynamic changes dramatically, cuz
the news out everywhere doesn’t support it.
Onto tomorrow … until then mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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