“Don’t even think about getting long crude oil!”
The world’s most corrupt exchange has raised margins on oil futures … now
$10,000 per 1 lot … that’s interesting cuz the entire value of the contract is less
than $18,000 per 1 lot … ask yourself who exactly pushed for this and why?
… you won’t like the answers … oil still in big heap Wampum trouble as we move
to the June expiration in a few weeks, with some energy trading firms calling for
-$100 oil at some point in the cycle of expiration … there simply is no place to
store delivered oil … literally fucking ZERO! … so, if you’re short oil as a
producer, there’s no positive price you’re gonna be willing to take to offload real
oil … and this is a very big problem for the FED, cuz the QE CNTRL-P machine
ain’t worth shit in oil!
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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