“When dictators open their Pie Holes to move a market!”
And just like that, a few choice words from the Saudi head Pooh Bah, and oil
rallies violently … you somehow think the POLS & Apparatchik’s trading
paradigm isn’t at work in oil? … ha, guess again! … why intervene with money,
when you can just talk and get the same result? … Of course, the dirty little secret
is, his comments about “whatever it takes” to get oil prices to stabilize and rise is
pure bullshit and fantasy … good luck Sheikh Abracadabra, as your pals are
pumping their brains out while the world sinks into the depression hole!
Now, maybe years ago this would be news, but until you see hard evidence
production cuts are taking place, be very skeptical of the Sheikh bullshit, simply
cuz it just gives them a better price to sell … and what did it actually cost ‘em?
… right, NADA! … oil in the 40’s, here we come.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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